According to TechSci report, “India Water Pumps Market By Type (Centrifugal & Positive Displacement), By Application (Agriculture, Building Services, Water and Wastewater, Power, Oil & Gas, Lift Irrigation, Others), By Pump Type (Submersible Pumps, Multistage Pumps, End Suction Pumps, Positive Displacement Pumps, Split Case Pumps, Engineered Pumps), By Region, Competition Forecast & Opportunities, FY2027F”, India Water Pumps Market was valued at USD1685 million in FY2021 and is projected to grow at a CAGR of 5.59% in the forecast period, primarily due to the rising industrialization and construction activities. Moreover, increasing agriculture activities, and depleting ground water levels are likely to fuel demand for water pumps across India in the coming years. In addition to this the increasing focus on development of wastewater treatment plants and desalination plants in the country coupled with various government initiatives for strengthening and developing existing and new infrastructure projects are some of the other major factors that are expected to propel demand for water pumps in India during the forecast period. https://bit.ly/2VvUUBS
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Water pumps are water control equipment that utilize pumping to remove or drain various forms of water fromconstruction sites, riverbeds, mine shafts, underground metro networks, tunnels, caisson, and even residentialbuildings. It is a device that raises, circulates and transfers fluids or water. It is a mechanical device which impartsenergy to a fluid and is mainly required for the transportation and circulation of fluids. Water pumps are used forvarious applications in sectors such as irrigation, agriculture, industrial and residential.
According to TechSci report, “India Water Pumps Market By Type (Centrifugal & Positive Displacement), By Application (Agriculture, Building Services, Water
and Wastewater, Power, Oil & Gas, Lift Irrigation, Others), By Pump Type (Submersible Pumps, Multistage Pumps, End Suction Pumps, Positive Displacement
Pumps, Split Case Pumps, Engineered Pumps), By Region, Competition Forecast & Opportunities, FY2027F”, India Water Pumps Market was valued at
USD1685 million in FY2021 and is projected to grow at a CAGR of 5.59% in the forecast period, primarily due to the rising industrialization and construction
activities. Moreover, increasing agriculture activities, and depleting ground water levels are likely to fuel demand for water pumps across India in the coming
years. In addition to this the increasing focus on development of wastewater treatment plants and desalination plants in the country coupled with various
government initiatives for strengthening and developing existing and new infrastructure projects are some of the other major factors that are expected to propel
demand for water pumps in India during the forecast period.
On the basis of Type, the India Water Pumps Market is categorized into Centrifugal Pumps and Positive Displacement. Among these, the Centrifugal Pumps
category accounted for the majority of market share in the India Water Pumps Market in FY2021 and it is anticipated to remain as the dominating category
throughout the forecast period as they are the best devices used for water and thin liquids and slurries in almost every industry. Centrifugal pumps market in
India is expected to be competitive, with several established vendors expanding their product portfolio as centrifugal pump is best suited for non-air or vapor-
containing liquids with low viscosity.
Based on Application, the agriculture segment dominates the India Water Pumps market as it accounted for over 26% share of country's total market in FY2021
and is expected to remain dominant in the forecast period also. Declining water level and rising per capita water demand are major challenges being faced by
the agriculture sector and its allied segments. On the other hand, per capita water availability has reduced to about one third since 1950, resulting into growing
demand for water pumps. Other factors such as rising urbanization, infrastructure investment and industrialization (especially in water & wastewater, oil & gas
sectors) are also driving the water pumps market in India. The demand for water-pumps is expected to increase due to the increasing need for industrial
wastewater treatment. The increasing infrastructure development in India is also expected to have a positive impact on the water-pumps market..
Based on Pump Type, the India Water Pumps Market can be segmented into Submersible Pumps, Multistage Pumps, End Suction Pumps, Positive
Displacement Pumps, Split Case Pumps, Engineered Pumps, in which the Submersible Pumps category accounted for majority of market share in the India
Water Pumps Market in FY2021.
Some of the major players in the market include Kirloskar Brothers Limited (KBL), C.R.I. Pumps Private Limited, Crompton Greaves Consumer Electricals
Limited, KSB Limited, Sulzer Pumps India Limited, Texmo Industries, WILO Mather and Platt Pumps Private Limited, Grundfos Pumps India Private Limited,
Shakti Pumps India Limited, WPIL Limited and others. The companies are focusing on extensive research and developments activities to stay competitive in the
market. Other competitive strategies include formation of alliances and partnerships.
“The demand for water-pumps is expected to increase due to the increasing need for industrial wastewater treatment. The increasing infrastructure
developments in India could have a positive impact on the water-pumps market. The development of the industrial and agricultural sectors could increase the
demand for water-pumps sector and the growing dependency on groundwater for irrigation and agricultural purposes in India is also expected to increase the
demand for water-pumps. The Government of India has introduced several policies to promote agricultural growth in the country. These policies range from
subsidized electricity to exemptions on use of solar water pumps. The announcement of such policies has inspired farmers to install independent irrigation
facilities to ensure consistent availability of water, consequently, pushing the demand for water pumps in India.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The
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model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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