India Submersible Water Pumps Market is Expected to grow at a robust CAGR of 8.41% through 2030F
The
increasing India Submersible Water Pumps market is driven by urbanization and
growing water supply needs, industrial and commercial applications during the
forecast period 2026-2030F.
According
to TechSci Research report, “India
Submersible Water Pumps Market – By Region, Competition, Forecast &
Opportunities, 2030F, The India Submersible Water Pumps Market was valued
at USD 2.19 Billion in 2024 and is expected to reach USD 23.49 Billion by 2030
with a CAGR of 8.41% during the forecast period. Rapid urbanization in India is
driving the demand for water infrastructure, including submersible water pumps.
As cities like Mumbai, Delhi, and Bangalore experience population growth and
urban sprawl, the need for reliable and efficient water supply systems is
escalating. Submersible pumps are used in these urban centers to meet the
increased demand for water in both residential and commercial buildings. ,
submersible pumps are integral to dewatering and sewage systems, where they
help in draining floodwaters and maintaining proper sanitation, which is
critical during the monsoon season. As the urban landscape continues to grow,
submersible pumps will play a key role in addressing water challenges.
Agriculture
remains a dominant sector in India, and submersible water pumps play a crucial
role in irrigation. With India facing inconsistent rainfall patterns and
increasing pressure on freshwater sources, farmers are turning to submersible
pumps for reliable water access. These pumps are particularly popular for
deep-well irrigation and water lifting from boreholes, offering high efficiency
and energy-saving features. Government initiatives such as the Pradhan Mantri
Krishi Sinchayee Yojana (PMKSY) and subsidies on agricultural equipment further
drive adoption. The growing demand for agricultural products, along with the
shift towards efficient water management, is fueling the market's growth in
rural areas.
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India Submersible Water Pumps Market"
Based
on end-use, Agriculture dominated in the India Submersible Water Pumps Market
in 2024, due to the critical role irrigation plays in ensuring consistent crop
production, especially in regions facing water scarcity and unreliable
rainfall. With agriculture being the primary livelihood for a large portion of
India’s population, submersible water pumps have become essential for
sustainable water management. India's dependence on agriculture is immense,
contributing significantly to the country's GDP and employment. However, the
agricultural sector faces several challenges, including the erratic
distribution of rainfall, droughts, and decreasing surface water availability.
Submersible water pumps offer an effective solution to these challenges by
enabling farmers to access groundwater from deep borewells for irrigation.
These pumps provide reliable water supply during dry seasons, ensuring that
crops receive adequate water and preventing crop failures.
Government initiatives and subsidies have made submersible pumps more
accessible to farmers. Programs such as the Pradhan Mantri Krishi Sinchayee
Yojana (PMKSY) offer financial assistance to farmers for installing irrigation
systems, including submersible water pumps. These initiatives aim to improve
water-use efficiency in agriculture, reduce reliance on rain-fed irrigation,
and increase overall agricultural productivity. Submersible water pumps are
particularly popular in regions with deep groundwater reserves, as they are
capable of lifting water from considerable depths. In states like Uttar
Pradesh, Maharashtra, Tamil Nadu, and Rajasthan, where groundwater levels are deep,
submersible pumps are ideal for providing irrigation. , the energy efficiency
of submersible pumps makes them a cost-effective choice for farmers. The
increasing adoption of solar-powered submersible pumps also contributes to
lower operational costs and reduced dependence on grid electricity. Thus, the
combination of agricultural dependency, government support, water scarcity
concerns, and technological advancements positions agriculture as the dominant
end-use sector in the India Submersible Water Pumps market in 2024.
Based
on region, North India is the fastest growing region in the India Submersible
Water Pumps Market during the forecast period, due to several key factors that
are contributing to the increased demand for submersible pumps in this region.
One of the primary drivers is the growing demand for irrigation in agricultural
areas. North India, particularly states like Punjab, Haryana, Uttar Pradesh,
and Rajasthan, is known for its vast agricultural activities, where irrigation
plays a critical role in sustaining crop yields. With rising water scarcity
issues, farmers are increasingly turning to submersible pumps for deep-well
irrigation, especially in areas where groundwater is the primary source for
agricultural activities. Water scarcity and erratic rainfall patterns in North
India are making submersible pumps an essential tool for water extraction from
deeper groundwater sources. In regions like Rajasthan and parts of Uttar
Pradesh, where surface water sources are limited, groundwater from borewells is
vital for both irrigation and drinking purposes. The need to access groundwater
more efficiently is pushing the demand for submersible water pumps in these
areas. Another
factor driving market growth in North India is the industrial expansion. The
rapid urbanization of cities like Delhi, Jaipur, and Chandigarh has led to an
increased demand for water in the residential, commercial, and industrial
sectors. Submersible pumps are used extensively in urban infrastructure for
water supply, sewage management, and cooling systems in industries. The growing
industrial base in North India creates a consistent need for reliable and
high-capacity submersible water pumps. Government initiatives aimed at
enhancing irrigation infrastructure and improving water management,
particularly through schemes like the Pradhan Mantri Krishi Sinchayee Yojana
(PMKSY), are further accelerating the adoption of submersible pumps. These initiatives
are crucial in making water management more efficient, thus fueling market
growth in North India.
Key
market players in the India Submersible Water Pumps market are: -
- Aqua
India Private Limited
- Bright
Solar Limited
- C
R I Pumps Private Limited
- Crompton
Greaves Consumer Electricals Limited
- Duke
Pumping Solutions Private Limited
- Ecosoch
Solar Private Limited
- Ecozen
Solutions Private Limited
- Jakson
Limited
- Novergy
Energy Solutions Private Limited
- Shakti
Pumps (India) Limited
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“The
India Submersible Water Pumps market presents significant opportunities driven
by increasing agricultural irrigation needs, industrial growth, and
urbanization. The rising demand for efficient water management solutions in
water-scarce regions offers opportunities for advanced submersible pump
technologies. , government initiatives, such as subsidies under the PMKSY and
AMRUT schemes, are encouraging the adoption of submersible pumps in rural and
urban sectors. The growing focus on sustainable and energy-efficient pumps,
coupled with rising awareness about water conservation, further enhances market
potential. With urban expansion and agricultural modernization, the market
holds strong growth prospects for manufacturers and service providers.Top of Form” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based Global management
consulting firm.
“India Submersible Water Pumps Market
Segmented By Type (Borewell, Openwell, Non-Clog), By Mode of Operation
(Multi-stage, Single-Stage), By End-Use (Agriculture, Municipal, Industrial,
Water & wastewater, Others), By Region, Competition, Forecast and
Opportunities, 2020-2030F,” has evaluated the future growth
potential of India Submersible Water Pumps Market and provides
statistics & 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 decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Submersible Water Pumps Market.
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