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In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Pump Market in India Report
The pump market in India by revenue is expected to grow at a CAGR of over 7% during the period 2021-2026.
The demand for pumps is expected to grow at a steady rate due to the increased application of pumps in several end-user sectors. Pump manufacturers in India have focused solely on the agriculture and construction services sectors.
The increasing oil demand and expanded investments in water and wastewater treatment activities are likely to affect the pump market substantially. The domestic demand is also majorly met by local vendors, with the industry having robust capabilities to meet the demand. India's pump market is likely to witness the emergence of intelligent pump systems and micro disc pump technology in the next few years. Intelligent systems are expected to control and regulate the fluid's flow or pressure and adjust to process changes and have a fault-tolerant design. The market contributes significantly to the country’s GDP as these devices play a major role in the agriculture and infrastructure sector.
The following factors are likely to contribute to the growth of the pump market in India during the forecast period:
- Demand for Energy-efficient Pumps
- Demand for Solar Pumps
- Increased Export of Centrifugal Pumps
- Growth in the Agricultural Sector
The study considers the present scenario of the pump market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Pump Market In India Segmentation
This research report includes a detailed segmentation by product type, end-user type, geography. The centrifugal pump market in India is expected to be competitive, with several established vendors expanding their product portfolio. Centrifugal is best suited for non-air or vapor-containing liquids with low viscosity. Technology capabilities of centrifugal, particularly submersible pumps, are a key driver for increased demand from India's agricultural sector. The single-stage and submersible are major centrifugal devices used in India. Agriculture and infrastructure projects account for the major application.
Industrial pumps are witnessing a high demand from cement, steel, oil & gas, water & wastewater sectors. The increased oil and gas demand and high investments in water and wastewater treatment activities are projected to increase sales substantially. The industrial pump market in India is expected to reach over $2 billion by 2026. Water & wastewater, chemical, pharmaceutical, construction, food and beverage, and mining are the major end-users in India. Factors such as the increased focus on energy-efficient products in the water and wastewater industry, the development of generic pharmaceutical production, rapid urbanization, and the rise in massive housing schemes and expansion in infrastructural projects are likely to influence the growth of industrial pumps in India.
By Product Type
- Centrifugal
- Single Stage
- Multistage
- Submersible
- Turbine
- Others
- Rotary
- Vane
- Gear
- Lobe
- Peristaltic
- Reciprocating
- Piston
- Diaphragm
By End-user
- Industrial Sector
- Oil & Gas
- Water & Wastewater
- Food & Beverage
- Chemical
- Power
- Mining
- Pharmaceutical
- Commercial Sector
- Hospitality
- Public Utilities
- By Distribution Channel
- Offline
- Online
- Residential Sector
- By Distribution Channel
- Offline
- Online
- Agricultural Sector
- By Power Output
- 3-7 HP
- 7-10 HP
- 10-13 HP
- 13-15 HP
- By Product
- Borewell
- Openwell
- By Distribution Channel
- Offline
- Online
INSIGHTS BY GEOGRAPHY
By revenue, Southern India is expected to lead the pump market in India. The region is likely to register a revenue of over 1.1 billion by 2026. Karnataka, Tamil Nadu, and Andhra Pradesh are projected to emerge as the major contributors to the market revenue. The increasing awareness of energy star ratings among consumers is expected to drive the market toward energy efficiency. The continuous decrease in groundwater levels is increasing the demand for submersible pumps among farmers. With the Karnataka government offering electricity to farmers at subsidized rates, there has been a high demand for pumps from the industrial sector, which is expected to augur well for pumps' growth, especially agricultural ones. The rise of the automobile, agricultural, aerospace, textile & garment, biotech & heavy engineering industries is expected to significantly influence the market. Tamil Nadu has built a base of over 2 hundred thousand agricultural devices, among the largest in India.
By Geography
- India
- Northern
- Punjab
- Delhi
- Uttar Pradesh
- Southern
- Andhra Pradesh
- Karnataka
- Tamil Nadu
- Eastern
- Bihar
- Odisha
- West Bengal
- Western
- Madhya Pradesh
- Maharashtra
- Gujarat
INSIGHTS BY VENDORS
India's pump market is highly fragmented, with small, medium, and large vendors operating across the country. Customers have long-term contracts or tenders with vendors, and they tend to work with vendors with engineering expertise and are manufacturing pumps for a long time. Also, customers look for vendors providing after-sales services, one of the key competitive factors in the market. There is a high competition for small vendors from large vendors or vendors having a diversified product portfolio and large R&D platform. Crompton, Flowserve Corporation, Jyoti Group, Kirloskar Brothers, KSB, Roto Pumps, Shakti Pumps, and WPIL are the prominent players in the market.
Prominent Vendors
- Crompton
- Flowserve
- Jyoti Group
- Kirloskar Brothers
- KSB
- Roto Pumps
- Shakti Pumps
- WPIL
Other Prominent Vendors
- Aqua Group
- Best Engineers Pumps
- Commitment Reliability Innovation (C.R.I)
- CNP Pumps
- Deccan
- Duke Plasto Technique
- ELLEN
- Endura Pumps
- Falcon Pumps
- Grundfos
- Jasco
- Kishor Pumps
- Lubi Pumps
- Mahendra Pumps
- MAK
- MAXWELL
- MBH Pumps
- Oswal Pumps
- Protecto Engineering
- Sabar
- Sam Turbo Industry
- Swastik Engineers
- Suguna
- Texmo Industries
- V-Guard
- Waterman Industries
KEY QUESTIONS ANSWERED
1. What is the future outlook and growth projections of the India pump market?
2. Why centrifugal pumps are likely to witness immense demand during the forecast period?
3. What are the key market challenges faced by key vendors?
4. Which industrial applications are likely to drive the global pumps industry outlook?
5. Which regions are witnessing significant demand for the agricultural pumps?
6. What Initiatives have been taken by government agencies to promote the Indian solar pump industry?
Table of Contents
1 Research Methodology2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market At A Glance
7 Introduction
7.1 Overview
7.2 Impact Of COVID-19
8 Market Opportunities & Trends
8.1 Demand For Energy Efficient Pumps
8.2 Demand For Solar Pump
8.3 Increasing Export Of Centrifugal Pumps
9 Market Growth Enablers
9.1 Infrastructure Expansion
9.2 Deteriorating Groundwater Level
9.3 Growing Agricultural Sector
10 Market Restraints
10.1 Rising Raw Material Cost
10.2 Poor Electricity Supply
10.3 International Competition
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
12 Product
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
13 Centrifugal Pump
13.1 Market Size & Forecast
13.2 Sectoral Demand
13.3 Market Snapshot & Growth Engine
13.4 Single Stage
13.5 Submersible
13.6 Multi-Stage
13.7 Turbine
13.8 Other Centrifugal Pumps
14 Rotary Pump
14.1 Market Size & Forecast
14.2 Market Snapshot & Growth Engine
14.3 Gear
14.4 Lobe
14.5 Peristaltic
14.6 Vane
14.7 Other Rotary Pumps
15 Reciprocating Pump
15.1 Market Size & Forecast
15.2 Market Snapshot & Growth Engine
15.3 Piston
15.4 Diaphragm
16 End User
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
17 Industrial Sector
17.1 Market Size & Forecast
17.2 Market Snapshot & Growth Engine
17.3 Water & Wastewater
17.4 Chemical
17.5 Power Generation
17.6 Pharmaceutical
17.7 Construction
17.8 Food & Beverage
17.9 Oil & Gas
17.10 Mining
17.11 Other Industries
18 Agricultural Sector
18.1 Market Size & Forecast
18.2 Agricultural Sector Pump Market By Product
18.3 Borewell Pump
18.4 Openwell Pump
18.5 Other Agricultural Pumps
18.6 Agricultural Sector Pump Market By Distribution Channel
18.7 Agricultural Sector Pump Market By Speed
19 Commercial Sector
19.1 Market Size & Forecast
19.2 Commercial Sector Pump Market By Distribution Channel
20 Residential Sector
20.1 Market Size & Forecast
20.2 Residential Sector Pump Market By Distribution Channel
21 Geography
21.1 Market Snapshot & Growth Engine
21.2 Southern India
21.3 Northern India
21.4 Western India
21.5 Eastern India
22 Competitive Landscape
22.1 Competition Overview
23 Key Company Profiles
23.1 Crompton
23.2 FLOWSERVE
23.3 Jyoti Group
23.4 Kirloskar Brothers
23.5 KSB
23.6 Roto Pumps
23.7 Shakti Pumps
23.8 Wpil
24 Other Prominent Vendors
24.1 Aqua Group
24.2 Best Engineers Pumps
24.3 C.R.I
24.4 CNP Pumps
24.5 Deccan
24.6 Duke Plasto Technique
24.7 Ellen
24.8 Endura Pumps
24.9 Falcon Pumps
24.1 Grundfos
24.11 Jasco
24.12 Kishor Pumps
24.13 Lubi Pumps
24.14 Mahendra Pumps
24.15 Mak
24.16 Maxwell
24.17 Mbh Pumps
24.18 Oswal Pumps
24.19 Protecto Engineering
24.2 Sabar
24.21 Sam Turbo Industry
24.22 Swastik Engineers
24.23 Suguna
24.24 Texmo Industries
24.25 V-Guard
24.26 Waterman Industries
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Quantitative Summary
26.1 Market By Geography
26.2 Product
26.3 Centrifugal Pump
26.4 Rotary Pump
26.5 Reciprocating Pump
26.6 End User
26.7 Industrial Sector
26.8 Agricultural Sector
26.9 Commercial Sector
26.10 Residential Sector
27 Appendix
27.1 AbbreviationsList Of Exhibits
Exhibit 1 Segmentation of Pump market in India
Exhibit 2 Market Size Calculation Approach 2020
Exhibit 3 Pump Market Snapshot and Market Share 2020 (%)
Exhibit 4 Key Challenges Caused by Pump Inefficiency
Exhibit 5 Revenue by Industrial End-Users 2020 & 2026 ($ million)
Exhibit 6 Industrial End Users 2020 & 2026 (% share)
Exhibit 7 Global Industry Concerns Snapshot
Exhibit 8 COVID-19-Driven Crisis and Foreign Policy Effects in India 2020
Exhibit 9 Impact of Demand for Energy-Efficient Pumps
Exhibit 10 Impact of Demand for Solar Pumps
Exhibit 11 States with Solar Power Installations 2019 (% share)
Exhibit 12 Impact of Increasing Export of Centrifugal Pumps
Exhibit 13 Top Export Countries of Centrifugal Pump 2019-2020 ($ million)
Exhibit 14 Export Value of Centrifugal Pumps from India ($ million)
Exhibit 15 Impact of Infrastructure Expansion
Exhibit 16 Infrastructure Developments in India 2020
Exhibit 17 Pump Market Dynamics in India
Exhibit 18 Impact of Deteriorating Ground Water Level
Exhibit 19 Groundwater Use Pattern by States (%)
Exhibit 20 Impact of Growing Agricultural Sector
Exhibit 21 Impact of Rising Raw Material Cost
Exhibit 22 Impact of Poor Electricity Supply
Exhibit 23 Electricity Production in India (in BU)
Exhibit 24 Impact of International Competition
Exhibit 25 Key Competitive Factors in International Pump Market
Exhibit 26 Pump Market in India 2020-2026 ($ billion)
Exhibit 27 Five Forces Analysis 2020
Exhibit 28 Incremental Growth by Product Type 2020 & 2026
Exhibit 29 Growth Momentum and Market Share by Products
Exhibit 30 Centrifugal Pump Market in India 2020-2026 ($ million)
Exhibit 31 Centrifugal Market Structure
Exhibit 32 Incremental Growth by Centrifugal Pump 2020 & 2026
Exhibit 33 Single Stage Centrifugal Pump: Market Dynamics
Exhibit 34 Single Stage Pump Market in India 2020-2026 ($ million)
Exhibit 35 Submersible Pump Market in India2020-2026 ($ million)
Exhibit 36 Multistage Centrifugal Pump: Market Dynamics
Exhibit 37 Multistage Pump Market in India 2020-2026 ($ million)
Exhibit 38 Turbine Centrifugal Pump: Market Dynamics
Exhibit 39 Turbine Pump: Centrifugal Pump Market in India 2020-2026 ($ million)
Exhibit 40 Other Centrifugal Pumps Market in India2020-2026 ($ million)
Exhibit 41 Rotary Pump Market in India 2020-2026 ($ million)
Exhibit 42 Rotary Pump Market in India 2020, 2023, & 2026 (% share)
Exhibit 43 Incremental Growth by Rotary Pumps 2020 & 2026
Exhibit 44 Gear Pump Market in India 2020-2026 ($ million)
Exhibit 45 Lobe Pump Market in India 2020-2026 ($ million)
Exhibit 46 Peristaltic Pump Market in India 2020-2026 ($ million)
Exhibit 47 Vane Pump Market in India 2020-2026 ($ million)
Exhibit 48 Other Rotary Pumps Market in India 2020-2026 ($ million)
Exhibit 49 Reciprocating Pumps: Market Dynamics
Exhibit 50 Reciprocating Pump Market in India 2020-2026 ($ million)
Exhibit 51 Incremental Growth by Reciprocating Pump Type 2020 & 2026
Exhibit 52 Piston Pump Market in India 2020-2026 ($ million)
Exhibit 53 Piston Pump: Market Dynamics
Exhibit 54 Diaphragm Pump Market in India 2020-2026 ($ million)
Exhibit 55 Diaphragm Pump: Market Dynamics
Exhibit 56 Incremental Growth by End User 2020 & 2026
Exhibit 57 Growth Momentum & Market Share by End Users
Exhibit 58 Industrial Sector Pump Market in India 2020-2026 ($ million)
Exhibit 59 Incremental Growth by Industrial Sector 2020 & 2026
Exhibit 60 Pump Market in India by Water & Wastewater Sector 2020-2026 ($ million)
Exhibit 61 Pump Market in India by Chemical Sector 2020-2026 ($ million)
Exhibit 62 Pump Market in India by Power Generation Sector 2020-2026 ($ million)
Exhibit 63 Pump Market in India by Pharmaceutical Sector 2020-2026 ($ million)
Exhibit 64 Revenue of Pharmaceutical Sector in India 2015-2019 ($ billion)
Exhibit 65 Pump Market in India by Construction Sector 2020-2026 ($ million)
Exhibit 66 Pump Market in India by F&B Sector 2020-2026 ($ million)
Exhibit 67 Pump Market in India by Oil & Gas Sector 2020-2026 ($ million)
Exhibit 68 Oil & Gas Industry Outlook 2020
Exhibit 69 Pump Market in India by Mining Sector 2020-2026 ($ million)
Exhibit 70 Pump Market in India by Other Industrial Sectors 2020-2026 ($ million)
Exhibit 71 Pump Market in India by Agricultural Sector 2020-2026 ($ million)
Exhibit 72 Agriculture Developments 2020
Exhibit 73 Growth Momentum and Market Share by Product in Agriculture Sector
Exhibit 74 Incremental Growth by Agricultural Sector Pumps 2020 & 2026
Exhibit 75 Borewell Agricultural Pump Market in India 2020-2026 ($ million)
Exhibit 76 Open Well Agricultural Pump Market in India 2020-2026 ($ million)
Exhibit 77 Other Agricultural Pumps Market in India 2020-2026 ($ million)
Exhibit 78 Incremental Growth of Agricultural Sector Pump Market by Distribution Channel 2020 & 2026
Exhibit 79 Agriculture Pump Market in India by Offline Channel 2020-2026 ($ million)
Exhibit 80 Agriculture Pump Market in India by Online Channel 2020-2026 ($ million)
Exhibit 81 Incremental Growth of Agricultural Sector Pump Market by Power Output 2020 & 2026
Exhibit 82 Agricultural Pump Market in India by 5-7 HP 2020-2026 ($ million)
Exhibit 83 Agricultural Pump Market in India by 7-10 HP 2020-2026 ($ million)
Exhibit 84 Agricultural Pump Market in India by 10-13 HP 2020-2026 ($ million)
Exhibit 85 Agricultural Pump Market in India by 13-15 HP 2020-2026 ($ million)
Exhibit 86 Agricultural Pump Market in India by Other Speed Types 2020-2026 ($ million)
Exhibit 87 Commercial Sector Pump Market in India 2020-2026 ($ million)
Exhibit 88 Key Challenges
Exhibit 89 Incremental Growth of Commercial Sector Pump Market by Distribution Channel 2020 & 2026
Exhibit 90 Commercial Sector Pump Market in India by Offline Channel 2020-2026 ($ million)
Exhibit 91 Commercial Pump Market in India by Online Channel 2020-2026 ($ million)
Exhibit 92 Residential Sector Pump Market in India 2020-2026 ($ million)
Exhibit 93 Incremental Growth of Residential Sector Pump Market by Distribution Channel 2020 & 2026
Exhibit 94 Residential Sector Pump Market in India by Offline Channel 2020-2026 ($ million)
Exhibit 95 Global E-Commerce Sales 2016-2019 ($ trillion)
Exhibit 96 Residential Sector Pump Market in India by Online Channel 2020-2026 ($ million)
Exhibit 97 Incremental Growth by Geography 2020 & 2026
Exhibit 98 Key Growth Drivers
Exhibit 99 Pump Market in Southern India 2020-2026 ($ million)
Exhibit 100 Pump Market in Northern India 2020-2026 ($ million)
Exhibit 101 Pump Market in Western India 2020-2026 ($ million)
Exhibit 102 Pump Market in Eastern India 2020-2026 ($ million)List Of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013-2020
Table 3 Key Demand Highlights in 2020
Table 4 Crompton: Major Product Offerings
Table 5 Flowserve: Major Product Offerings
Table 6 Jyoti Group: Major Product Offerings
Table 7 Kirloskar Brothers: Major Product Offerings
Table 8 KSB: Major Product Offerings
Table 9 Roto Pumps: Major Product Offerings
Table 10 Shakti Pumps: Major Product Offerings
Table 11 WPIL: Major Product Offerings
Table 12 Aqua Group: Major Product Offerings
Table 13 Best Engineers Pumps: Major Product Offerings
Table 14 C.R.I: Major Product Offerings
Table 15 CNP Pumps: Major Product Offerings
Table 16 Deccan: Major Product Offerings
Table 17 Duke Plasto Technique: Major Product Offerings
Table 18 ELLEN: Major Product Offerings
Table 19 Endura Pumps: Major Product Offerings
Table 20 Falcon Pumps: Major Product Offerings
Table 21 Grundfos: Major Product Offerings
Table 22 Jasco: Major Product Offerings
Table 23 Kishor Pumps: Major Product Offerings
Table 24 Lubi Pumps: Major Product Offerings
Table 25 Mahendra Pumps: Major Product Offerings
Table 26 MAK: Major Product Offerings
Table 27 MAXWELL: Major Product Offerings
Table 28 MBH pumps: Major Product Offerings
Table 29 Oswal Pumps: Major Product Offerings
Table 30 Protecto Engineering: Major Product Offerings
Table 31 Sabar: Major Product Offerings
Table 32 Sam Turbo Industry: Major Product Offerings
Table 33 Swastik Engineers: Major Product Offerings
Table 34 Suguna: Major Product Offerings
Table 35 Texmo Industries: Major Product Offerings
Table 36 V-Guard: Major Product Offerings
Table 37 Waterman Industries: Major Product Offerings
Table 38 Pump Market in India by Geography 2020-2026 ($ billion)
Table 39 Pump Market in India by Geography 2020-2026 (Revenue %)
Table 40 Pump Market in India by Product Type 2020-2026 ($ million)
Table 41 Pump Market in India by Product Type 2020-2026 (Revenue %)
Table 42 Centrifugal Pump Market in India 2020-2026 ($ million)
Table 43 Centrifugal Pump Market in India 2020-2026 (Revenue %)
Table 44 Rotary Pump Market in India 2020-2026 ($ million)
Table 45 Rotary Pump Market in India 2020-2026 (Revenue %)
Table 46 Reciprocating Pump Market in India 2020-2026 ($ million)
Table 47 Reciprocating Pump Market in India 2020-2026 (Revenue %)
Table 48 Pump Market in India by End User 2020-2026 ($ million)
Table 49 Pump Market in India by End User 2020-2026 (Revenue %)
Table 50 Pump Market in India by Industrial End User 2020-2026 ($ million)
Table 51 Pump Market in India by Industrial End User 2020-2026 (Revenue %)
Table 52 Pump Market in India by Agricultural Sector 2020-2026 ($ million)
Table 53 Pump Market in India by Agricultural Sector 2020-2026 (Revenue %)
Table 54 Agricultural Sector Pump Market in India by Distribution Channel 2020-2026 ($ million)
Table 55 Agricultural Sector Pump Market in India by Distribution Channel 2020-2026 (Revenue %)
Table 56 Agricultural Sector Pump Market in India by Power Output 2020-2026 ($ million)
Table 57 Agricultural Sector Pump Market in India by Power Output 2020-2026 (Revenue %)
Table 58 Commercial Sector Pump Market in India by Distribution Channel 2020-2026 ($ million)
Table 59 Commercial Sector Pump Market in India by Distribution Channel 2020-2026 (Revenue %)
Table 60 Residential Sector Pump Market in India by Distribution Channel 2020-2026 ($ million)
Table 61 Residential Sector Pump Market in India by Distribution Channel 2020-2026 (Revenue %)
Companies Mentioned
- Crompton
- Flowserve
- Jyoti Group
- Kirloskar Brothers
- KSB
- Roto Pumps
- Shakti Pumps
- WPIL
- Aqua Group
- Best Engineers Pumps
- Commitment Reliability Innovation (C.R.I)
- CNP Pumps
- Deccan
- Duke Plasto Technique
- ELLEN
- Endura Pumps
- Falcon Pumps
- Grundfos
- Jasco
- Kishor Pumps
- Lubi Pumps
- Mahendra Pumps
- MAK
- MAXWELL
- MBH Pumps
- Oswal Pumps
- Protecto Engineering
- Sabar
- Sam Turbo Industry
- Swastik Engineers
- Suguna
- Texmo Industries
- V-Guard
- Waterman Industries
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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