India Multistage Water Pumps Market to Reach $ 677 Million by 2023
Robust growth of industrial sector coupled with
expansion of power and oil & gas production facilities across the country
to propel demand for multistage water pumps in India through 2023
According to TechSci Research report, “India
Multistage Water Pumps Market By Operation, By End Use Industry, By Product
Type, By Application, By Sales Channel, Competition Forecast &
Opportunities, 2013-2023’’, the country’s multistage water pumps market
is forecast to surpass $ 677 million by 2023, on account of growing power and food
& beverage industries along with expanding oil & gas production
facilities across the country. Moreover,
increasing public and private investments and FDI inflows in the industrial
sector to enhance production efficiency and to improve technology is further
driving demand for multistage water pumps in various downstream industries. Multistage
water pumps are majorly used in applications involving high pressure while
offering high efficiency by consuming lesser energy and reducing load on energy
supply sources.
Browse 53 market data Figures and 16 Tables
spread through 111 Pages and an in-depth TOC
on "India Multistage Water Pumps Market"
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On the
basis of type, multistage water pumps market is majorly segmented into Ring
Section, Split Casing and Barrel Casing. Ring section multistage water pumps
garnered a dominant share in India multistage water pumps market in 2017 and the
product segment is anticipated to maintain its dominance over the coming years as
well owing to their excellent performance in handling hydrocarbons, clear
chemical fluids, flammable liquids, etc. Additionally, low operational cost and
availability of a wide product range in the market is anticipated to push
demand for ring section multistage water pumps in India in the coming years.
Split casing and barrel casing are the other types of multistage water pumps
which hold a significant market share. Among them, split casing multistage
water pumps are the fastest growing type, backed by easy dismantling of pumps’
parts without removing rotor, which makes cleaning and inspection process less
time consuming.
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A high
demand for multistage water pumps emanates from power and oil & gas sectors
on the back of continuous increase in their production capacities and
increasing demand for high pressure pumps in these sectors. “Rising government
investments and initiatives to strengthen the growth of industrial sector coupled
with growing product innovation and technology advancements by the pump
manufacturers are expected to boost the sales of multistage water pumps in the
country during the forecast period. Moreover, rising number of desalination
plants along with shifting preference towards energy saving pumps would further
steer growth in India multistage water pumps.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India
Multistage Water Pumps Market By Operation, By End Use Industry, By Product
Type, By Application, By Sales Channel, Competition Forecast &
Opportunities, 2013-2023”
has evaluated the future growth potential of multistage water pumps market and provides
statistics and information on market size, structure and trends. The report intends
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 in India
multistage water pumps market.
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