|
Forecast Period
|
2025-2029
|
|
Market Size (2023)
|
INR 183.40 Billion
|
|
CAGR (2024-2029)
|
14.29%
|
|
Fastest Growing Segment
|
Centrifugal
|
|
Largest Market
|
Oil & Gas
|
Market Overview
India Water Pumps Market has valued at INR
183.40 billion in 2023 and is anticipated to project robust growth in the
forecast period with a CAGR of 14.29% through 2029.
The water pumps market encompasses the dynamic
industry involved in the manufacturing, distribution, and utilization of
devices designed to transport and circulate water for various purposes. These
pumps serve a crucial role in diverse sectors, including agriculture,
industrial processes, municipal water supply, and residential applications.
Essentially, water pumps are mechanical devices engineered to move water from
one location to another, overcoming gravitational and frictional forces.
This market is characterized by a broad spectrum of
pump types, such as centrifugal pumps, positive displacement pumps, and
submersible pumps, each tailored to specific requirements. The demand for water
pumps is intricately tied to factors like population growth, urbanization,
agricultural needs, and infrastructure development. Technological advancements,
including the integration of smart features and sustainable solutions like
solar-powered pumps, continually shape the landscape of the water pumps market.
As global concerns about water scarcity and efficient resource management
intensify, the industry plays a pivotal role in providing innovative solutions
to address these challenges and ensure reliable water supply across diverse
applications.
.
Key Market Drivers
Agricultural Expansion and Irrigation
Needs
India's water pumps market is
significantly influenced by the country's vast agricultural sector, which remains
a primary driver of economic growth. With a large portion of India's population
dependent on agriculture, the demand for water pumps is closely tied to the
expansion of agricultural activities. As farmers seek to increase productivity
and crop yield, the requirement for efficient water management systems,
including pumps for irrigation, becomes paramount.
The Green Revolution in the 1960s marked
a turning point, and since then, there has been a continuous effort to
modernize agriculture through technological interventions. Water pumps play a
crucial role in ensuring a consistent and reliable water supply for crops,
especially in regions where rainfall is insufficient. As the government and
farmers increasingly invest in advanced irrigation methods, the demand for
high-performance water pumps continues to grow, driving innovation and
competition in the market.
Rising Urbanization and
Industrialization
India's rapid urbanization and
industrialization are fueling the demand for water pumps in both residential
and commercial sectors. As more people move to urban areas in search of better
opportunities, there is an increased need for infrastructure development,
including water supply and distribution systems. Water pumps are integral to
urban water management, facilitating the distribution of water from centralized
sources to households, industries, and commercial establishments.
In parallel, the growth of industries
across various sectors, such as manufacturing, construction, and services,
leads to a higher demand for water pumps for processes like cooling, wastewater
management, and other industrial applications. The urban and industrial
segments present a substantial market for diverse types of water pumps, ranging
from submersible pumps for residential use to high-capacity pumps for
industrial purposes.
Government Initiatives and Water
Conservation Programs
The Indian government has been actively
involved in promoting water conservation and efficient water management
practices. Various initiatives, such as the Pradhan Mantri Krishi Sinchai
Yojana (PMKSY) and the Atal Bhujal Yojana, aim to enhance water use efficiency
in agriculture and address the depleting groundwater levels. These programs
often involve subsidies and incentives for farmers to adopt modern irrigation
techniques, leading to increased adoption of water pumps.
Additionally, government efforts to
provide clean and accessible water to rural and urban areas through schemes
like the Jal Jeevan Mission contribute to the demand for water pumps in the
country. As awareness about water conservation grows and regulations become
more stringent, there is an increased emphasis on the use of energy-efficient
and environmentally friendly water pump technologies.
Technological Advancements and Product
Innovation
The water pumps market in India is
witnessing continuous technological advancements and product innovations.
Manufacturers are investing in research and development to create pumps that
are more energy-efficient, durable, and capable of meeting the diverse needs of
consumers. The integration of smart technologies, such as IoT-enabled pumps and
sensors, allows for remote monitoring and control, enhancing the overall
efficiency and performance of water pump systems.
In recent years, there has been a shift
towards the development of solar-powered water pumps, especially in rural and
off-grid areas. This not only addresses the issue of unreliable electricity
supply in certain regions but also aligns with the growing emphasis on
sustainable and eco-friendly solutions. Technological advancements contribute
significantly to market growth by offering solutions that improve water pump
performance, reduce operational costs, and minimize environmental impact.
Infrastructure Development in Rural
Areas
Rural development initiatives, including
the construction of rural infrastructure such as roads, schools, and healthcare
facilities, have a direct impact on the demand for water pumps. As rural areas
experience improved infrastructure, there is a subsequent need for reliable
water supply systems to meet the basic needs of the population. Water pumps
play a vital role in providing access to clean water for drinking, sanitation,
and agricultural activities in these regions.
Government schemes like the Pradhan
Mantri Gram Sadak Yojana (PMGSY) and the Deen Dayal Upadhyaya Gram Jyoti Yojana
(DDUGJY) aim to enhance rural infrastructure, leading to increased deployment
of water pumps. The demand for robust and cost-effective pumps in rural areas
is driving manufacturers to develop products that cater specifically to the
needs of this market segment.
Climate Change and Water Scarcity
Challenges
Climate change and its impact on weather
patterns have resulted in irregular and unpredictable rainfall in many parts of
India. This poses a significant challenge to agricultural practices,
necessitating the use of water pumps for efficient water utilization.
Additionally, regions facing water scarcity issues, whether due to climatic
conditions or over-extraction of groundwater, rely on water pumps for water
transfer and management.
The increasing awareness of water
scarcity and the need for sustainable water use practices are driving the
adoption of advanced water pump technologies. Efforts to mitigate the impact of
climate change and adapt to changing water availability patterns contribute to
the growth of the water pumps market as stakeholders seek innovative solutions
to address these challenges.
In conclusion, the India water pumps
market is shaped by a complex interplay of factors, ranging from the agrarian
landscape to urbanization, government policies, technological innovations,
rural development, and the pressing challenges posed by climate change.
Understanding these drivers is crucial for industry participants to adapt to
evolving market dynamics and contribute to the sustainable development of water
management infrastructure in the country.
Download Free Sample Report
Key Market Challenges
Energy
Dependency and Power Supply Challenges
One of
the primary challenges facing the water pumps market in India revolves around
energy dependency and the associated power supply challenges. The majority of
water pumps, especially in rural and agricultural settings, rely heavily on
grid electricity. However, India's power infrastructure faces issues such as
irregular power supply, voltage fluctuations, and frequent power outages,
particularly in rural areas.
In many
agricultural regions, farmers heavily depend on water pumps for irrigation, and
any disruption in power supply directly impacts their ability to water crops
consistently. This dependence on conventional energy sources also contributes
to increased operational costs for users who must cope with rising electricity
prices. The lack of a reliable and continuous power supply poses a significant
hurdle for the efficient functioning of water pumps, affecting both
agricultural productivity and water management in various sectors.
To
address this challenge, there is a growing need for alternative and sustainable
energy sources for water pumps, such as solar-powered systems. While the
adoption of solar pumps is increasing, there are still barriers, including
initial setup costs and the need for effective energy storage solutions to
ensure continuous operation during non-sunlight hours.
Groundwater
Depletion and Environmental Impact
Groundwater
depletion is a critical challenge that directly affects the water pumps market
in India. The over-extraction of groundwater for agricultural, industrial, and
domestic purposes, coupled with erratic rainfall patterns and climate change,
has led to a decline in water tables in several regions. This has significant
implications for the functioning of water pumps, particularly those used for
irrigation.
Farmers,
in an effort to secure water for their crops, often resort to deeper drilling
and higher extraction rates, accelerating the depletion of groundwater
resources. The long-term consequence is not only reduced water availability but
also an environmental impact on ecosystems and biodiversity. Excessive
groundwater extraction can lead to land subsidence, saltwater intrusion in
coastal areas, and the drying up of surface water bodies.
The
environmental impact of groundwater depletion is a complex challenge that
requires a multi-faceted approach. Regulation and monitoring of groundwater
extraction, coupled with the promotion of water-efficient irrigation practices,
are crucial steps. Additionally, there is a need for the water pumps industry
to develop and promote technologies that encourage sustainable water use, such
as efficient drip irrigation systems and the integration of water-saving
features in pump designs.
Addressing
these challenges requires a collaborative effort between government bodies,
industry stakeholders, and the community. Sustainable practices, technological
innovation, and a comprehensive approach to water resource management are
essential to ensure the long-term viability of the water pumps market in India
and the overall sustainability of water usage in the country.
Key Market Trends
Rise of
Smart Water Pump Systems in India
In
recent years, the water pumps market in India has witnessed a notable trend
towards the adoption of smart technologies. Smart water pump systems, equipped
with sensors, controllers, and connectivity features, are becoming increasingly
popular for both residential and industrial applications. These systems offer
remote monitoring and control capabilities, allowing users to manage their
water supply efficiently.
The
integration of Internet of Things (IoT) technology enables real-time data
collection, performance analysis, and predictive maintenance, reducing downtime
and optimizing energy consumption. For instance, smart pumps can automatically
adjust their operation based on factors such as water demand, energy prices,
and weather conditions. This trend aligns with the broader digitalization
initiatives in India and reflects a growing awareness of the benefits of smart
water management solutions.
As the
country advances towards a more connected and technologically-driven future,
the demand for smart water pump systems is expected to rise, transforming the
market and offering users greater control and efficiency in managing water
resources.
Increasing
Focus on Energy Efficiency and Sustainability
Energy
efficiency has become a paramount concern in the water pumps market in India.
With a growing emphasis on sustainable development and environmental
conservation, consumers and industries alike are seeking energy-efficient pump
solutions. Manufacturers are responding to this demand by designing pumps with
advanced technologies that optimize energy consumption while maintaining high
performance.
The
shift towards energy-efficient water pumps is not only driven by environmental
considerations but also by the desire to reduce operational costs. Pumps with
variable frequency drives (VFDs), for example, can adjust their speed based on
actual demand, leading to substantial energy savings. Additionally, the
development of solar-powered water pumps is gaining traction, especially in
rural areas with unreliable electricity supply, further contributing to the
industry's sustainability efforts.
As
regulatory frameworks and consumer awareness continue to evolve, energy
efficiency will remain a key trend shaping the future of the water pumps market
in India.
Growing
Demand for Submersible Pumps in Residential Applications
In the
residential sector, there is a noticeable trend towards the increased adoption
of submersible pumps. These pumps are designed to be submerged in water,
typically in wells or boreholes, providing a compact and efficient solution for
water supply. Submersible pumps are favored for their quiet operation,
space-saving design, and ability to push water directly to the surface,
eliminating the need for additional priming.
The
growing urbanization in India, coupled with a rising number of households, has
led to an upswing in the demand for reliable and efficient water supply
systems. Submersible pumps cater to this demand by offering a practical and
effective solution for domestic water requirements, including drinking water
supply, garden irrigation, and household chores.
Manufacturers
are responding to this trend by introducing innovative submersible pump models
with enhanced features, such as energy efficiency, durability, and ease of
maintenance, further driving their popularity in the residential market.
Expansion
of E-Commerce Channels for Water Pump Sales
The
e-commerce
landscape
in India has experienced significant growth, and this trend has extended to the
water pumps market. Increasingly, consumers are turning to online platforms to
research, compare, and purchase water pumps. E-commerce channels offer a
convenient and accessible way for buyers to explore a wide range of products,
read reviews, and make informed decisions from the comfort of their homes.
The
convenience of doorstep delivery and the ability to access a diverse selection
of water pumps from various brands contribute to the popularity of online
purchasing. Moreover, e-commerce platforms often host promotional events,
discounts, and exclusive deals, attracting price-conscious consumers.
Manufacturers
and distributors are recognizing the importance of establishing a strong online
presence and are actively partnering with e-commerce platforms to reach a
broader customer base. This trend is reshaping the distribution and sales
strategies within the water pumps market, making it imperative for industry
players to adapt to the evolving dynamics of online retail.
Focus
on Water Quality and Purification Solutions
The
increasing awareness of water quality and the need for safe drinking water has
led to a growing trend in the integration of water purification solutions with
water pump systems. Consumers are seeking comprehensive water management
systems that not only deliver water efficiently but also ensure its safety and
purity.
Water
pumps equipped with built-in filtration and purification technologies are
gaining popularity, especially in residential and commercial applications.
These integrated solutions address concerns about contaminants, pollutants, and
waterborne diseases, providing users with a reliable source of clean and safe
water.
In
response to this trend, manufacturers are developing water pump systems that
incorporate advanced filtration mechanisms, ultraviolet (UV) disinfection, and
other purification technologies. This convergence of water pumping and
purification addresses the holistic water needs of consumers and aligns with
the increasing focus on health and wellness.
Segmental Insights
Type Insights
Centrifugal segment
dominated the India Water Pumps market with a market share of 93.19% in 2023.
Centrifugal pumps are very
versatile for long term usage. They are used to pump water of a wide range of
viscosities, from thin liquids like water to thick liquids like sewage. They
are relatively low-maintenance. They have few moving parts, which makes them
less likely to break down. These factors are driving the centrifugal segment
growth in the India Water Pumps Market.
The Indian government has
been steadily increasing infrastructure spending in recent years. For financial
year 2023, the budget allocated for infrastructure projects was around INR 7.5
lakh crore (approximately USD 92 billion). This significant investment
indicates a continued focus on infrastructure development.
India is focusing on
industrialization, thereby supporting the growth of centrifugal pumps. For
instance, initiatives like Make in India, Digital India, and Startup India have
given much-needed thrust to the Electronics System Design and Manufacturing (ESDM)
sector in India.
Additionally, as of June
2023, India heavily relies on thermal power sources for generating electricity,
with a total installed capacity of 237.26 GW, accounting for more than 56% of
the country's electricity generation capacity.
Hence,
it is recommended that the key market players in the India Water Pumps market
concentrate on the Centrifugal pumps segment to capitalize on favorable market
prospect.
Application Insights
Agriculture segment
dominated the India Water Pumps market with a market share of 26.06% in 2023.
In agriculture, water pumps
are used to lift water from canals and rivers. Water pumps are used to
pressurize water and distribute it through sprinkler heads, which evenly spray
water over crops. Thus, the growing demand for food and the increasing need to
irrigate crops in arid and semi-arid regions are driving the growth of the
India water pumps market. Additionally, the increasing adoption of smart and
solar-powered water pumps is expected to further boost the market growth in the
coming years.
India is one of the major
players in the agriculture sector worldwide and it is the primary source of
livelihood for ~55% of India’s population. India is the world’s 2nd largest
producer of food grains, fruits and vegetables and the 2nd largest exporter of
sugar. Owing to this, a large number of pumps are required in the sector.
According to Inc 42, the
Indian agricultural sector is predicted to increase to USD24 billion by 2025.
Indian food and grocery market is the world’s sixth largest, with retail
contributing 70% of the sales. India’s agricultural and processed food product
exports stood at USD43.37 billion in FY23 (April 2022-January 2023). Owing to
this, the agriculture segment is dominating the market with the largest market
share.
Thus,
the India Water Pumps market players are advised to focus on this Agriculture
segment to capitalize on lucrative market opportunities.
Download Free Sample Report
Recent Developments
- In 2019,
the Union government of India launched Atal Bhujal Yojana (ABY), aimed to
address groundwater depletion and promote sustainable management practices. The
scheme is being implemented in 8,220 water-stressed Gram Panchayats of 229
administrative blocks/ Talukas in 80 districts of seven states including
Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, and Uttar
Pradesh. Therefore, the demand for pumps is likely to propel in the upcoming
years. Additionally, the ABY is funded by the Government of India and the World
Bank on a 50:50 basis. The scheme has a total outlay of INR 600 million.
- In 2022,
the Prime Minister of India launched a new initiative named “Mission Amrit
Sarovar”, aimed to construct/rejuvenate at least 75 Amrit Sarovars in each
district across India to overcome the water crisis in rural areas as well as
urban areas.
- To make
provision for potable tap water supply to every rural household in the country
by 2024, the Government of India in partnership with States is implementing the
Jal Jeevan Mission (JJM) - Har Ghar Jal, since August 2019, with an estimated
outlay of INR 3.60 lakh Crore. Additionally, as of 19.12.2022, out of 19.36
Crore rural households in the country, 10.75 Crore (55.54%) households are
reported to have tap water supply in their homes.
- In 2022,
over 5.17 lakh Village Water and Sanitation Committees (VWSCs)/ Paani Samitis
have been constituted under the programme. The Paani Samiti is responsible for
the management and regular operation and maintenance of the in-village water
supply system including local water sources. So far, 5.08 lakh Village Action
Plans have been developed for the type of water supply scheme required, cost
estimates, implementation schedule, O&M arrangement, and contribution from
each household towards the partial capital cost.
Key Market Players
- Kirloskar Brothers Limited
- C.R.I. Pumps Private Limited
- Crompton Greaves Consumer
Electricals Limited
- KSB Limited
- Sulzer Pumps India Private Ltd.
- Taro Pumpsets Private Limited
- WILO Mather and Platt Pumps Private Limited
- Grundfos Pumps India
Private Ltd.
- Shakti Pumps (India) Limited
- WPIL Limited
|
By Type
|
By Application
|
By Pump Type
|
By Region
|
- Centrifugal
- Positive Displacement
|
- Agriculture
- Building Services
- Water & Wastewater
- Power
- Oil & Gas
- Lift Irrigation
- Others
|
- Submersible Pumps
- Multistage Pumps
- End Suction Pumps
- Positive Displacement Pumps
- Split Case Pumps
- Engineered Pumps
|
|
Report Scope:
Note: TechSci Research has
presented the market size and share for organized industry and excluded the
unorganized industry.
In this report, the India Water Pumps market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
·
India Water Pumps Market, By Type:
o Centrifugal
o Positive Displacement
·
India Water Pumps Market, By Application:
o Agriculture
o Building Services
o Water & Wastewater
o Power
o Oil & Gas
o Lift Irrigation
o Others
·
India Water Pumps Market, By Pump Type:
o Submersible Pumps
o Multistage Pumps
o End Suction Pumps
o Positive Displacement Pumps
o Split Case Pumps
o Engineered Pumps
·
India Water Pumps Market, By Region:
o North
o South
o East
o West
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India Water Pumps market.
Available Customizations:
India Water Pumps market report with the given market data, Tech
Sci Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India Water Pumps Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]