The India Pump Market to Hit $3.3 Billion by 2026 - Exclusive Research Report by Arizton

According to Arizton's latest research report, the India pump market is growing at a CAGR of 7% during 2020-2026.

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The Pump Market in Southern India to Grow at a CAGR of Over 7% During 2020-2026.

Coimbatore is a major hub for the manufacturing of pumps for agricultural, domestic, and industrial use. Consumers in South India are increasingly aware of the benefits of star-rated pumps, leading to a higher purchase rate of these energy-efficient models. They expect pump sets that provide a hassle-free experience within their budget constraints. In recent years, recognition and approval standards for branded pumps have risen significantly. However, low voltage compatibility remains a challenge, limiting the adoption of labeled pumps among large farming communities.

In Andhra Pradesh, farmers prefer national brands such as Texmo, CRI, Falcon, and Suguna. Tamil Nadu has established a base of over 200,000 agricultural pumps, one of the highest in India. However, this extensive coverage has led to decreased quality and increased transmission losses, particularly in remote areas. Many farmers are left without electricity connections, and those with power supply often receive services at inconvenient hours to manage the supply condition.

Competitive Overview

The pump market in India is highly fragmented, with the presence of small, medium, and large vendors across the country. There are many domestic and international vendors in the market. There is high competition for small vendors from large vendors or vendors with a diversified product portfolio and large R&D platform. Local marketing campaigns have played a vital role in regional markets, as consumers historically relied on local providers rather than other competitors. Markets across the country are severely affected by COVID-19 in 2020. This is expected to lead to intense competition among the players for reduced business opportunities. 

Moreover, there is going to be continued pressure on margins due to an increase in input costs on the one hand and lower prices due to competition on the other. The competition is expected to be more aggressive leading to price pressures and uncertainty in global economic growth is expected to impact the pump market in India. Crompton has one of the industry-first innovations in pump with a digital control panel, with a single-phase preventive switch-off feature, which has enhanced its pump series. Also, renewable thermal solar power projects are expected to present many opportunities where the company Flowserve, is positioned with a technical offering across pumps, valves, and seals.

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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

Market Segmentation

Product Type

• Centrifugal
• Single Stage
• Multistage
• Submersible
• Turbine
• Others
• Rotary
• Vane
• Gear
• Lobe
• Peristaltic
• Reciprocating
• Piston
• Diaphragm

End-user

• Industrial Sector
• Oil & Gas
• Water & Wastewater
• Food & Beverage
• Chemical
• Power
• Mining
• Pharmaceutical
• Commercial Sector
• Hospitality
• Public Utilities
• Distribution Channel
• Offline
• Online
• Residential Sector
• Distribution Channel
• Offline
• Online
• Agricultural Sector
• Power Output
• 3–7 HP
• 7–10 HP
• 10–13 HP
• 13–15 HP
• Product
• Borewell
• Openwell
• Distribution Channel
• Offline
• Online

Geography

India

• Northern
• Punjab
• Delhi
• Uttar Pradesh
• Southern
• Andhra Pradesh
• Karnataka
• Tamil Nadu
• Eastern
• Bihar
• Odisha
• West Bengal
• Western
• Madhya Pradesh
• Maharashtra
• Gujarat

Key Questions Answered in the Report:

What is the future outlook and growth projections of the India pump market?

Why centrifugal pumps are likely to witness immense demand during the forecast period?

What are the key market challenges faced by key vendors?

Which industrial applications are likely to drive the Indian pumps industry outlook?

Which Indian states are witnessing a significant demand for agricultural pumps?

What Initiatives have been taken by government agencies to promote the Indian solar pump industry?

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