Kirloskar Brothers to Continue its Dominance in India Water Pumps Market
Rising industrialization and agriculture activities coupled
with strong government support through various initiatives such as Swachh
Bharat Abhiyan and Smart City Mission to boost demand for water pumps in India through 2023
According to TechSci Research report, “India Water Pumps Market By Type, By Application, Competition Forecast &
Opportunities, 2013-2023”, water
pumps market in India is projected to surpass $ 3.2 billion by 2023. Some of
the major factors which are expected to positively influence the growth of
India water pumps market include rising industrialization and building & construction
activities across the country. Moreover, declining groundwater and growing agriculture
sector on account of rising food demand is further likely to fuel demand for
water pumps in India during the forecast period.
Browse 10 market data Tables and 40 Figures
spread through 85 Pages and an in-depth TOC on "India
Water Pumps Market"
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On the basis of application, India water pumps market is
categorized into agriculture, building services, water & wastewater, power,
oil & gas, metals & mining & others. In 2017, agriculture was the
dominating application segment, followed by building services segment. However,
water & wastewater application is likely to grow at the fastest CAGR during
the forecast period owing to increasing industrialization in the country,
resulting in growing demand for processing and recycling discharged water due
to limited availability of water resources, thereby leading to high requirement
for water pumps. India
water pumps market is dominated by
Kirloskar
Brothers Limited, followed by CRI Pumps Pvt. Ltd., Crompton Greaves Consumer
Electrical Ltd., and KSB Pumps Limited, among others.
Among types, India water pumps market is
dominated by centrifugal pumps on the back of increasing government focus on
infrastructure development leading to high demand for centrifugal water pumps
in water conservation and wastewater management as well as in agriculture industry.
Additionally, smooth flow rate, high capacity, and low maintenance cost of centrifugal
pumps is further contributing to the rising demand for these pumps. “India is
among the major exporters of water pumps across the globe with exports to more
than 100 countries as the companies in India manufacture highly efficient pumps
operating at low cost as well as offering zero down time advantage. Moreover, India
water pumps market is expected to witness strong growth in the coming years on
account of ongoing and upcoming power construction projects, capacity
expansions in oil & gas industry along with anticipated growth in metals
and mining activities.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
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“India Water Pumps Market By Type, By
Application, Competition Forecast & Opportunities, 2013-2023” has
evaluated the future growth potential of India water pumps 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 decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India water pumps market.
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