Water Pump Market in India to Surpass $ 3.8 Billion by 2022
Depleting
ground water level, increasing urbanization, coupled with government
initiatives like Swachh Bharat Abhiyan and Smart City Mission is augmenting
demand for water pumps in India
According to TechSci Research
report, “India
Water Pumps Market By Type, By Application, Competition Forecast &
Opportunities, 2022”,
water pump market in India is projected to surpass $ 3.8 billion by 2022. Rising
government investments and incentives to encourage use of eco-friendly solar pumps
in the agricultural sector and to convert waste land to agriculture land is
boosting demand for water pumps for irrigation purposes. For instance, out
of 141 million hectares of cultivated area, only 46% is covered under
irrigation, but under Pradhan Mantri Krishi Sinchai Yojna, an additional 2.85 million
hectares of land will be brought under irrigation which will augment water pump
market in the country over the next five years. Some of the leading key players operating in the
country’s water pumps market include KBL, CRI Pumps, KSB, Shakti Pumps Ltd.,
etc.
Browse 10
market data Tables and 47 Figures spread through 75 Pages and an in-depth
TOC on "India
Water Pumps Market"
https://www.techsciresearch.com/report/india-water-pumps-market/1343.html
Based on pumping technology, India
water pump market is broadly segmented into centrifugal and positive displacement
water pumps. Centrifugal water pumps accounts for the majority share owing to
large number of benefits over positive displacement pumps such as simple
design, smooth flow rate, wide capacity range, less maintenance requirement and
good operational efficiency. Dominance of centrifugal pumps segment is expected
to continue in the coming years, however, demand for positive displacement is also
anticipated to grow, predominantly in areas where high pressure is required.
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“India is recognized as an export hub for
water pumps and the country exports water pumps to more than 100 countries
across the globe. Various India-based leading pump manufacturers have an edge
over their global competitors as they manufacture highly efficient pumps that
operate at low cost, and also offer zero down time advantage (pumps which run
continuously without any breakdown). Moreover, domestic demand for pumps is
also expected to witness double digit growth in the coming years.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Water Pumps Market
By Type, By Application, Competition Forecast & Opportunities, 2022” has
evaluated the future growth potential of India water pump market and provides
statistics and information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India water pump market.
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