India Pump Sets Market Outlook
According to a new report by Expert Market Research titled “India Pump Sets Market Size, Share, Analysis, Report, Demand, Forecast 2024-2032″, the India pump sets market is projected to grow at a CAGR of 5.40% between 2024 and 2032. Aided by the escalating needs in agriculture, industrial applications, and the robust urbanisation trends, the market is expected to grow significantly by 2032.
Pump sets, primarily consisting of a motor and a pump, play a crucial role in multiple sectors, driving liquids from one place to another. In India, they have garnered substantial attention due to their extensive application in agricultural practices, which remains one of the nation’s most significant economic sectors. Beyond agriculture, pump sets are indispensable in urban settings, contributing to water supply, sewage systems, and industrial processes.
A leading driver of the India pump sets market growth is the country’s agrarian economy. With agriculture employing a significant portion of the population and contributing markedly to the GDP, the demand for efficient irrigation systems has surged. This necessity is further intensified with fluctuating monsoon patterns, prompting farmers to lean heavily on pump sets to ensure a consistent water supply for their crops.
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Urbanisation and infrastructure development in India also propel the India pump sets market demand. Rapidly expanding cities necessitate efficient water supply and sewage systems, where pump sets become critical. Infrastructure projects, including the construction of skyscrapers, metro rail projects, and industrial parks, also rely on these pump sets for various fluid movement needs.
Industrial applications further bolster the pump sets market as industries such as chemicals, pharmaceuticals, oil and gas, and power generation in India are experiencing steady growth. As per the India pump sets market analysis, these sectors have diverse requirements for liquid transfer, cooling, and other processes, leading to a rising demand for high-quality, efficient pump sets in the market.
Moreover, the Indian government’s initiatives and efforts to encourage domestic manufacturing and boost the industrial sector, coupled with policies supporting farmers, have created a favourable environment for the market. Subsidies on pump sets for farmers, schemes promoting water conservation, and emphasis on sustainable farming practices have all indirectly added value to the India pump sets market size.
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Market Segmentation
The market can be divided based on type, product equipment type, application, and region.
Market Breakup by Type
- Centrifugal
- Positive Displacement
Market Breakup by Product Equipment Type
- Submersible Pumps
- Multistage Pumps
- End-Suction Pumps
- Split Case Pumps
- Engineered Pumps
- Others
Market Breakup by Application
- Agriculture
- Non-Agriculture Irrigation
- Domestic
- Industrial
- Others
Market Breakup by Region
- Northern Region
- Southern Region
- Western Region
- Eastern Region
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the market. Some of the major players explored in the report by Expert Market Research are as follows:
- Kirloskar Brothers Ltd
- CRI Pumps Private Ltd
- KSB Limited
- Crompton Greaves Consumer Electricals Ltd
- Sulzer Pumps India Ltd
- Grundfos
- Texmo Industries
- Shakti Pumps India Ltd
- WPIL Ltd
- Others
Frequently Asked Questions (FAQs) – India Pump Sets Market
Question: What is the projected growth rate of the Indian pump sets market?
Answer: The market is projected to witness a Compound Annual Growth Rate (CAGR) of 5.40% during the forecast period spanning from 2024 to 2032.
Question: What are the major drivers of the market?
Answer: Significant market drivers include increased applications in industrial sectors such as agriculture and chemicals, rising domestic use of centrifugal pumps in residential areas, and for pumping water, solvents, organics, acids, and bases.
Question: What are the key trends in the market?
Answer: Key market trends involve technological advancements and innovative product developments, including IoT-enabled pumps, and their deployment in non-agricultural irrigation applications.
Question: What are the different types included in the market?
Answer: The market encompasses different product types, namely centrifugal and positive displacement pumps.
Question: What are the major product equipment types in the market report?
Answer: Major product equipment types featured in the report include submersible pumps, multistage pumps, end-suction pumps, split case pumps, and engineered pumps, among others.
Question: What are the different applications covered in the market report?
Answer: The India pump sets market report covers applications such as agriculture, non-agricultural irrigation, domestic use, and industrial purposes.
Question: What defines a pump set?
Answer: A pump set is equipment designed to facilitate the flow of liquids or gases.
Question: Can a pump set operate without electricity?
Answer: Yes, besides direct electricity, pump sets can be operated manually or powered through solar energy.
Question: Which regions are included in the market report?
Answer: The major regions covered in the India pump sets market report are Northern Region, Southern Region, Western Region, and Eastern Region.
Question: Who are the key players in the India pump sets market, as per the report?
Answer: Key market players identified in the report include Kirloskar Brothers Ltd, CRI Pumps Private Ltd, KSB Limited, Crompton Greaves Consumer Electricals Ltd, Sulzer Pumps India Ltd, Grundfos, Texmo Industries, Shakti Pumps India Ltd, and WPIL Ltd, among others.
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