According to the latest report by IMARC Group, titled “India Water Pumps: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the India water pumps market is anticipated to grow at a CAGR of 5.55% during 2022-2027. Water pumps refer to an electromechanical dewatering system that operates by converting kinetic or rotational energy into hydrodynamic energy for releasing water through pipes at high pressure. They are driven by various energy sources, including electricity, fuel engines, wind power and solar panels, to serve specific remote areas. Water pumps assist in supplying the fixed amount of water flow, reducing the friction caused between several moving parts, and providing easy controllability to manage the water distribution speed, while minimizing energy consumption and costs. On account of these properties, they are widely employed in various commercial, residential and municipal sectors for supplying water through several sources across the nation.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Water Pumps Market Trends:
With rapid investments and expansion in the agricultural activities across India, there has been an increasing need for effective water pumps in the field to perform various irrigation procedures, including drip and sprinklers. This, in turn, represents one of the major factors driving the market growth. Additionally, the rising environmental concerns have prompted the Government of India (GoI) to undertake favorable initiatives to install wastewater treatment solutions across several industrial verticals for discharging wastewater, stormwater, sewage, and mechanically treated water at high speed through pipes, which is supporting the market growth. In line with this, the introduction of innovative water pumping machines integrated with the Internet of Things (IoT) solutions and electronic sensors, are acting as another major growth-inducing factor. Apart from this, the escalating demand for water pumps in the construction sector, extensive deployment of desalination plants to resolve water shortage issues, and growing requirement for clean water across residential and commercial establishments are positively stimulating the market growth across the country.
- On the basis of the type, the market has been bifurcated into centrifugal and positive displacement.
- Based on the pump type, the market has been segmented into submersible, multistage, end suction, split case, engineered pumps, and others.
- On the basis of the pump capacity, the market has been segregated into up to 3, 3-5, 5-10, 10-15, 15-20, 20-30, and more than 30 HP.
- Based on the application, the market has been classified into agriculture, building services, water and wastewater, power, oil and gas, lift irrigation, and others
- On a regional basis, the market is classified into North, West and Central, South, and East India.
- The competitive landscape of the industry has also been examined, along with the profiles of the key players.
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