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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