Rapid urbanisation, increased infrastructure spending heightens demand in the tube and pipe industries
Riding the wave of opportunity, Tube Southeast Asia 2019 returns to the Bangkok Trade & Exhibition Centre (BITEC), Thailand from 18 – 20 September
Cities all over Southeast Asia are on a growth trajectory, as industry projections indicate about 100 million people in ASEAN are expected to migrate from the countryside to cities from now through to 2030. From an economic standpoint – urbanisation which generally brings about improved productivity, better incomes, education, healthcare and transport, also comes with its own set of challenges. Hence the need for 'smart cities', where information and communications technologies are integrated to improve operations across traffic flows, public transportation, energy and water usage and even healthcare services. In the case of Thailand, the country plans to transform its economy into a digitally powered ecosystem – creating no less than 100 "smart cities" over the next two decades.
The set-up of the ASEAN Smart City Network (ASCN) to support urbanisation will serve as a common platform for each of the region's countries to share best practices, link member cities with private investment and secure funding. The effect of ASCN was seen in March this year, where the Australian government pledged A$30 million (S$30.3 million) into ASEAN smart cities. While in June last year, the World Bank and the Swiss government established the US$13.4 million (S$18 million) Indonesia Sustainable Urbanisation Multi-Donor Trust Fund to ensure the country's urbanisation process is economically, socially and environmentally sustainable.
In tandem, Southeast Asian nations are expected to spend US$323 billion on infrastructure developments, from clear water, clean air, energy, roads, ports, railways, to education and healthcare – promising business prospects for the region’s construction companies. In Thailand, its government has pledged 1.5 trillion baht (S$62 billion) over the next five years to boost growth and develop its three eastern provinces as the Eastern Economic Corridor, with infrastructure spending to remain a key driver for the economy and new development projects.
These market opportunities led by rapid urbanisation coupled with Southeast Asia’s booming infrastructure developments will undoubtedly trigger higher demand for tubes and pipes thanks to its versatility and rising application across a myriad of industries, from upstream, to midstream and downstream. Likewise, its use in end-use industries from automotive, household appliances to consumer electronics will further bolster demand.
The strategic and timely staging of Tube Southeast Asia 2019, will thus pave the way for companies involved in the tube, pipe and related sectors to make their entry into the Southeast Asian markets, specifically Thailand, and take advantage of these in-market trade opportunities when they exhibit.
About Tube Southeast Asia 2019
Reflecting the established credentials of the world’s leading trade fair, Tube Düsseldorf – the International Tube Fair, Tube Southeast Asia 2019 will feature a wide-ranging exhibit profile of machinery and technology highlights in tube and pipe manufacturing, processing and finishing, pumps and valves, new processes in measuring, control and test engineering as well as new and upgraded tools and auxiliary materials. The specialist trade fair with a visitor profile that includes manufacturers, suppliers and buyers from the tube, automotive, oil & gas, building and construction, energy and electrical industries, will also be augmented by a series of industry-focused conferences and seminars.
Held together with wire Southeast Asia 2019, the synergistic fairs will be grounds to a conglomeration of global expertise spanning the wire, cable, tube and pipe sectors by over 400 leading exhibitors from around the world. Some 9,000 trade visitors are expected to visit – reaffirming wire and Tube Southeast Asia’s draw as the focal platform to insights of the industries’ latest developments and an arena for face-to-face meetings in forging business linkages and partnerships.
Booth bookings are now open. To book, visit www.wire-southeastasia.com | www.tube-southeastasia.com