Pumps Industry market in India
Pumps Industry market in India
Indian Market research analysts predicted that the pumps market in India will
grow steadily during the predicted period and will post a CAGR of almost 10% by
2020.& exhibiting a growth rate (CAGR) of 5.26% during 2023-2028. Owing to increased Industry, Municipal
corporation, Building segment. ,
The pump manufacturers have been concentrating only on the needs
of the domestic market, and international market specifically to the
agriculture and building services industries and manufacturing industry. The
influence of liberalization, privatization, and globalization of the Indian
pump market have compelled manufacturers to export their products to foreign
countries everywhere in world. where the demand for pumps is high in industries
such as Paper Pulp, Agriculture, construction , oil and gas, steel, and mining,
water supply etc. Currently, the US and Germany, African countries, Asian
countries are the major revenue contributors to the market. Factors such as the
rising demand for oil and the increased investments in water and wastewater
treatment activities will have a huge impact on pump exports in India, which
will comes the demand for the pump
market during the future period.
The emergence of intelligent pump systems and micro disc pump technology in the next few years will grow the Indian pump market in coming future years. The pumps market in India can control and regulate the flow or pressure of the fluid, can adjust to process changes, and also have a fault tolerant design, which will introduce several indian manufacture to adopt these pumps as they reduce the total cost of ownership without compromising performance parameters. Also, the technology of micro disc pump will help India manufacturers to develop small-size and energy-efficient disc pumps that can be used in all medical applications like blood pressure measurement, wound therapy and etc.
India today exports pumps
to 190+ countries
• Is almost self-sufficient in pumps for nuclear
power
·
pulp and papers
·
Is totally
self-sufficient in
• captive power generation
• energy efficient pumps in utilities and
agriculture
•
The Indian pump market was worth US$ 1.8 Billion in
2022.
•
India has above 800+ pump manufacturers
•
India manufactures more than above 1 million+ pumps every year
•
The Indian Pump industry offers excellent growth opportunities for
international collaborations
•
Indian Pumps are exported to more than 190+ countries
Indian Pumps – Market
Segmentation by Share & Value
|
Sr.No |
Industries |
Market Share |
|
1. |
Others |
13% |
|
2. |
Metal & Mining |
4% |
|
3. |
Oil & Gas |
8% |
|
4. |
Power Generation |
12% |
|
5. |
Water &
Wastewater Management |
17% |
|
6. |
Building Services |
19% |
|
7. |
Agriculture |
27% |
Agriculture and Building Services comprise 46% of the market by value (INR 3910 crore). This segment of the Indian pump market is growing as well as competitive – with a big number of small and medium enterprises (SMEs) competing to increase their market share.
The biggest markets for agricultural pump sets are the central
Indian states of Andhra Pradesh ,Madhya Pradesh, Maharashtra, Tamil Nadu,
Karnataka, The Industrial Sector comprises the remaining 54% of the market by
value (INR 4590 crore). This segment of the India pump market consists of
sectors like Power Generation, Oil &Gas, Metals &Mining, Water&
Sewage Treatment, and Others. Being technologically intensive, it is a
relatively hard sector for small and medium enterprises (SMEs) to penetrate and
grow as compare to large Industry.
Indian Pumps – Market Segmentation as per Pumps Type
•
Centrifugal
Pumps
~95%
•
Positive Displacement
Pumps
~5%
Indian Pumps – Key
Strengths: Why Make in India?
1)
India offers among the highest net value additions in the world (20%-plus)
2) A ready export
market in 190-plus countries
3) Healthy domestic market for pumps in India
– US$ 1.2 billion-plus (INR 8,500-plus crore)
4) 16% of India’s pump manufacturing capacity is geared
for exports (and growing
5)
Technological capabilities to meet the highest quality standards – such as ISO
9000, ANSI,
API or EUNO series
6) Proactive government policies to stimulate
agricultural growth (and demand for pumps),
through:
7) Subsidized
electricity
8)
Exemptions on use of solar water pumps
Above policies have
inspired farmers to install independent irrigation facilities to ensure
consistent supply of water. As a result of these schemes, the demand for water
pumps has increased significantly.
9) Growth of the Indian chemical market has
stimulated the demand for high quality industrial pumps
10)
The growing demand for lower cost of operation and zero downtime pumps gives
India a competitive advantage to offset the labor cost advantage offered by
low-cost/low-quality manufacturers in some Asian countries
Urban infrastructure supported 70% of India’s US$15 trillion GDP
projected for 2030 will have to be by–
and will require massive growth of
investment in urban infrastructure. The other growth factors for Indian pumps
include higher water-intensive food consumption, population growth, , industrialization,
growing public awareness about drinking water quality, decreasing water
quality, lower water levels, and environmental pressure from government bodies
on wastewater discharge, thereby amplifying the demand many times over for the
recycle and reuse of water.
Segmentation by end-user and analysis of the pumps market in
India
* Water
and wastewater
* Building
services
* Agriculture
* Power
generation
* Oil and Gas
This market study estimates that the agriculture segment will
account for about 35% of the total share of the pumps market in India by 2020
and will also dominate this market throughout the forecast period. The increase
in consumption rate, rise in agriculture exports, the growth in the food
processing industry, and growth in organic farming will result in the growth of
the agriculture sector, which will subsequently increase the demand for pumps
in the coming years. Additionally, the expected investments from the government
toward irrigation projects will also drive the demand for the market.
The Government of India is actively encouraging technology
development and transfer to enable the small scale sector (i.e. small pump
manufacturers) to enter high-tech areas such as aerospace and defense
***
Many small scale pump manufacturers have created price sensitive offerings as
viable alternatives to costly pumps manufactured by large pump manufacturers
*** The Indian chemical market– growing at a rapid pace –
is fuelling the demand for industrial pumps
*** Government
regulations and energy crisis are motivating water pump manufacturers to
develop
energy efficient products
*** Indian companies are increasingly looking
for international partnerships via technology
collaborations
to enter foreign markets
Indian Government has
introduced several policies to promote agricultural growth in the country.
These policies like subsidized electricity to exemptions on use of solar water
pumps. The announcement of such policies has inspired farmers to install
independent irrigation facilities to ensure consistent availability of water.
Consequently, this is pushing the demand for water pumps in India.
Some of the major industrial production hub for pumps in India as as below:
·
Rajkot * Ahmedabad * Kolhapur * Batala &
Jalandhar * Hyderabad
·
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