The Centrifugal segment is expected to Dominate the India Water Pumps Market in the Forecast Period
The growing usage of water pumps to move sewage,
sludge, stormwater, mechanically treated wastewater, etc. is largely driving
the India water pumps market in the forecast period.
According to
TechSci Research report, “India Water Pumps Market - By Region, Competition Forecast & Opportunities, 2028,” the India Water Pumps market
is expected to boost in the upcoming period owing to pump makers have
been focusing solely on domestic market requirements, particularly in the
agriculture and construction services sectors, as a result of rising demand. Additionally,
due to the fast investments and expansion in India's agricultural operations,
there is a rising need for effective water pumps in the field to carry out
various irrigation procedures, including drip and sprinklers. This in turn is
one of the key factors fueling the growth of the Indian water pumps market.
Also, the Government of India (GoI) has made proactive measures to establish
wastewater treatment systems across a number of industrial sectors for
discharging sewage, stormwater, and mechanically treated water at high rates
through pipes, which is promoting market expansion. Also, these initiatives
have been motivated by the growing environmental concerns.
Intelligent pump
systems and micro disc pump technologies are cutting-edge technologies are
boosting the Indian water pump industry in the upcoming years. The ability of intelligent water pump systems to
manage fluid flow or pressure, adapt to process changes, and have a
fault-tolerant design will encourage many manufacturers to use these water pumps
since they lower the total cost of ownership without sacrificing performance
standards.
The Indian
government has also implemented a number of initiatives to encourage the
expansion of agriculture throughout the nation. These regulations cover a wide
range of topics, including free electricity and exemptions for solar water
pumps. Farmers have installed separate irrigation systems to assure dependable
water availability after the announcement of such laws. As a result, India's
need for water pumps is increasing.
Browse over xx market data Figures spread through xx Pages and an in-depth TOC on the "India Water Pumps Market"
Population growth,
increased water-intensive food consumption, industrialization, rising public
concern over the quality of drinking water, declining water quality, falling
water levels, and environmental pressure from government agencies on wastewater
discharge are some other and reuse significantly.
Based
on type, the India Water Pumps Market is categorized into Centrifugal Pumps and
Positive Displacement. Among these, due to its superior performance in handling
water and thin liquids in many sectors,
centrifugal pumps currently lead the Indian water pumps market and are
predicted to do so in the projected period as well. Due to the fact that
centrifugal pumps are most effective for liquids without air or vapour and with
low viscosity, the majority of vendors are extending their product portfolios
in this segment, which is expected to drive the demand for centrifugal water
pumps throughout the forecast period.
Based
on the application, the market is segmented into Agriculture, Building
Services, Water & Wastewater, Power, Oil & Gas, Lift Irrigation, and Others.
The agriculture sector is anticipated to develop throughout the forecast period
due to rising water consumption. This helps to increase the agricultural sector,
owing to which expansion in the food processing industry, and growth in organic
farming taken place. As a consequence, there will be an increase in demand for water
pumps in the years to come. The anticipated government investments in
irrigation projects would further increase demand for the industry.
Key players in
the India Water Pumps Market include:
- Kirloskar
Brothers Limited
- C.R.I. Pumps
Private Limited
- Crompton Greaves
Consumer Electricals Limited
- KSB Limited
- Sulzer Pumps
India Pvt Ltd
- Taro Pumpsets
Private Limited WILO Mather and Platt Pumps Private Limited
- Grundfos Pumps
India Private Limited
- Shakti Pumps
India Limited
- WPIL Limited
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“The Indian
government has consistently taken steps to bolster the domestic economy. The
agriculture industry was named one of the main economic drivers in the Union
Budget 2019–21. To enable farmers to profit from National Agriculture Market (e-NAM), the
federal government will collaborate with state governments.. The Indian
government has announced plans to extend the PM-KUSUM (Pradhan Mantri Kisan
Urja Suraksha Utthan Mahabhiyan) initiative and launch the Krishi Udaan Yojana,
which would help 20 lakh farmers construct freestanding solar water pumps and
another 15 lakh farmers solarize existing grid-connected pumps. Therefore, the growth
of the Water Pumps Market in India is expected to rise in the upcoming years,” said Mr Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“India Water Pumps Market
By Type (Centrifugal and
Positive Development), By Application (Agriculture, Building Services, Water
& Wastewater, Power, Oil & Gas, Lift Irrigation, Others), By Region, Competition Forecast & Opportunities, 2028”, has evaluated the future growth potential of India Water Pumps Market
and provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the India Water
Pumps Market.
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