Pumps Market in India 2016-2020

Overview of the pumps market in India

Market research analysts at Technavio have predicted that the pumps market in India will grow steadily during the predicted period and will post a CAGR of almost 10% by 2020. Owing to increased consumption, the pump manufacturers have been concentrating only on the needs of the domestic market, mainly to the agriculture and building services industries. The influence of linearization, privatization, and globalization of the Indian pump market have compelled manufacturers to export their products to foreign countries where the demand for pumps in high in industries such as oil and gas, steel, and mining. Currently, the US and Germany are the revenue contributors to the market. Factors such as the rising demand for oil and the increased investments in water and wastewater treatment activities will have a huge impact on pump exports in India, which will drive the demand for the market during the predicted period.

The pumps market in India will witness the emergence of intelligent pump systems and micro disc pump technology in the next few years. Intelligent pump systems can control and regulate the flow or pressure of the fluid, can adjust to process changes, and also have a fault tolerant design, which will induce several manufacturers to adopt these pumps as they reduce the total cost of ownership without compromising performance parameters. Also, the micro disc pump technology will help manufacturers develop small-size and energy-efficient disc pumps that can be used in medical applications such as wound therapy and blood pressure measurement.

Competitive landscape and key vendors

The pumps market in India is characterized by the presence of several international vendors, large regional vendors, and small and mid-sized regional vendors. The market appears to be highly competitive. The large Indian vendors compete directly with global players, and since they have a wide distribution channel, the global vendors find it difficult to penetrate the market. Moreover, products from the large regional vendors are much cheaper when compared to global vendors, which also makes it difficult for global players to establish their presence in the market. In terms of product pricing, the small regional vendors pose a threat to both the large Indian vendors and global vendors as their prices are comparatively lower than large vendors.

The leading vendors in the market are -

• C.R.I. Pumps
• Flowserve
• Grundfos
• Kirloskar
• KSB
• Texmo Industries

The other prominent vendors in the market are Best Pumps, Falcon Pumps, Sam Turbo Industry, Sulzer, Jyoti, Shakti Pumps, WPIL, and V-Guard.

Segmentation by product and analysis of the pumps market in India

• Centrifugal
• Positive displacement pumps

During 2015, the centrifugal pumps segment accounted for more than 93% of the total share of the market and dominated the industry. This mainly attributes to the growing infrastructure development. Also, the rise in urbanization increases the need for water and other utilities such as oil and gas, water, and power, in turn, creating the demand for centrifugal pumps.

Segmentation by end-user and analysis of the pumps market in India

• Agriculture
• Building services
• Power generation
• Oil and gas
• Water and wastewater

This market study estimates that the agriculture segment will account for about 35% of the total share of the pumps market in India by 2020 and will also dominate this market throughout the forecast period. The increase in consumption rate, rise in agriculture exports, the growth in the food processing industry, and growth in organic farming will result in the growth of the agriculture sector, which will subsequently increase the demand for pumps in the coming years. Additionally, the expected investments from the government toward irrigation projects will also drive the demand for the market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the pumps market in India?
• What are the key market trends impacting the growth of the pumps market in India?
• What are the challenges to market growth?
• Who are the key vendors in the pumps market in India?
• What are the market opportunities and threats faced by the vendors in the pumps market in India?
• Trending factors influencing the market shares of India.
• What are the key outcomes of the five forces analysis of the pumps market in India?

Technavio also offers customization on reports based on specific client requirement.

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