India Water Pump Market Overview, 2029

The India water pumps market is likely to witness exponential growth due to a lot of government initiatives flowing through the water infrastructure and management pipeline. Residential and commercial demand will be fueled by rapid urbanization, while agriculture remains a challenged segment due to dependence on ground water and erratic monsoons. Initiatives by the government to upgrade sanitation and water delivery services further enhance demand for water pumps through schemes such as the "smart cities" initiative. The Government of India (GoI) is also undertaking treatment solutions for wastewater across multiple industrial segments in turn, involves setting up STPs and desalination plants, solving water shortage problems. Investments in agricultural infrastructure, like drip and sprinkler irrigation systems, are also driving demand for efficient water pumps. Further, promotion of solar pumps through the KUSUM scheme, export potential of Indian pumps, and rising intelligent pump systems make this segment quite exciting for manufacturers. Star ranking by the Bureau of Energy Efficiency enhances brand reputation and quality, a strong focus on after-sales services strengthens the vendor-customer relationship. While growth in the India water pumps market will be dragged down by the high upfront costs associated with buying and installing advanced pump systems, this can be a deterrent to most small-scale farmers or businesses entering this market. Integration of innovative technologies involves high costs, and their maintenance is also not cheap, which will further retard broad-based growth, even as the long-term benefits and efficiency output are considerable. Geopolitical tensions can have significant effects on the India Water Pumps Market in terms of disrupting supply chains and raising the cost of raw materials. Restrictions on trade and imposition of tariffs may create barriers to the import of critical components, leading to production delays and price increases at consumer levels. Furthermore, uncertainty in the global market affects foreign investment and the introduction of advanced technology. According to the research report, "India Water Pump Market Outlook, 2029," published by Bonafide Research, the India water pump market is anticipated to add to more than USD 1000 Billion by 2024–29. Increasing investments in agricultural infrastructure represent one of the key factors bolstering the growth of the market in India. Water pumps help pump water from the source to the agricultural field and can be used for drip, sprinkler, and hose pipe irrigation. Additionally, the Government of India is adopting schemes, reforms, policies and programs to increase the incomes of farmers and overall agricultural activities in the country. This, coupled with the growing reliance on groundwater for other agricultural purposes, is driving the market. Besides this, there is a considerable rise in the development of sewage treatment plants (STPs) across India. These plants generally rely on municipal wastewater pumps, also known as sewage pumps, which transport sewage, sludge, stormwater, and mechanically treated wastewater from treatment tanks. Apart from this, several states across the country are focusing on increasing desalination plants on account of acute water shortages. Furthermore, water pumps are utilized in construction sites to remove excess water accumulated due to heavy rain or high-water table. This, coupled with the burgeoning construction sector, is catalyzing the demand for water pumps in India. Factors like rapid industrialization and the rising requirement of safe drinking water are anticipated to fuel the market growth. Coimbatore is one of the major manufacturers of water pumps for the agricultural and domestic industries and industrial use. Consumers in South India are aware of the benefits of star ratings, thereby purchasing star-rated pumps. They have high expectations for pump sets within the limits of their buying power to provide a hassle-free experience. Over the last few years, recognition and approval standards for branded pumps have been growing. Low voltage compatibility, however, limits the possibility of labeled pumps for large farming communities. In Andhra Pradesh, farmers choose Texmo, CRI, Falcon, and Suguna among the national brands.

The Oil and Gas segment is currently in the lead because of its huge infrastructure needs and the critical role of water pumps in different processes. Inclusive activities are water injection in oil recovery, cooling, and maintenance of fluid flow in the pipelines. The large industry-specific infrastructure and ongoing investment in the exploration and production of oil and gas will keep its dominant share. The Chemicals sector is growing due to the evolving Indian chemicals manufacturing industry. Pumps are used to handle corrosive and high temperature fluids to ensure operation safety and comply with regulatory requirements. The key growth drivers of this sector, which are fueling growth, include an increase in industrial activities and the development of new chemical processes that have an increased focus on environmental sustainability. In the wake of the ever-growing chemical industry, the demand for specialized, high-performance pumps has continued to escalate. The Power Generation segment includes pumps for cooling, boiler feedwater, and other important functions in power plants. Although this sector forms the demand side backbone for energy, the growth rate in this sector is pretty mature because of the existing state of energy-generating plants. The demand for pumps in this sector is always consistent it is because of repairs and up-gradation in the existing sources. In the Water/Wastewater Service, pumps find tremendous application in further municipal water supply, sewage treatment, and flooding. This segment has a stable demand brought about by urbanization and the requirement for infrastructure improvements. Although not experiencing such rapid growth as the chemicals segment, it is very important for the said water and wastewater management systems. The segmentation of India's water pump market by driving force underlines major industry trends and technology inclinations. The electric driven segment occupies the biggest category and is driven by a number of factors. Electric-driven pumps have high efficiency, reliable and continuous performance, and low operational costs as compared to their engine-driven counterparts. They are widely applied in urban and semi-urban areas where reliable electricity supply is assured. Such pumps find use in every application, from irrigation in agriculture to industrial processes, thus making them unbeatable market leaders. Their low maintenance costs and ready integration with the electrical infrastructure already installed drive them even further as market leaders. Growing demand for water pumping solutions in areas with unreliable or non-existent electricity supply drives growth in the Engine Driven segment. Engine-driven pumps are fitted with an internal combustion engine and offer great performance in remote and rural areas where there are frequent power failures or where electrical infrastructure is underdeveloped. This makes them very strong, easily portable, and highly displacing in water capacity, therefore suitable for use in agriculture and construction applications where electricity can be unreliable. In the line of infrastructure development of India, the versatile pumps' demand is increasing in areas where power availability is a challenge. The Indian water pump market, segmented by type, differs with respect to trends in usage and demand. Centrifugal Pumps are the best-selling in the category due to their versatility and overall efficiency for most purposes. Such pumps work on the principle of converting rotational energy into hydrodynamic energy and they are best fitted to high-flow, low-to-medium-pressure tasks in industries like agriculture, municipal water supply, and industrial processes. Their simple design, cost-effectiveness, and reliability in handling large volumes of water have given them great preference in a number of settings. The wide reach of installation and variety of applications has brought out their high dominance in the market. Positive Displacement Pumps are growing due to their ability to handle more complex and specialized applications. These pumps, which advance fluid by entrapment of a certain quantity of fluid and forcing it to discharge through the pump, find important applications in high-pressure requirements, handling viscous fluids, and delivery of precise flow rates. This type of pumps is getting increasing use in industries such as chemicals, pharmaceuticals, food processing, and so on, where precision control and handling tough fluids are key issues. With the expansion of industrialization, and technology demanding increasingly more efficient and precise processes, has come an increased demand for positive displacement pumps.

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Manmayi Raval

Research Consultant

Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Water Pump market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Type • Centrifugal Pumps • Positive Displacement Pumps By Driving Force • Electric Driven • Engine Driven By Application • Oil and Gas • Chemicals • Power Generation • Water/wastewater • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Water Pump industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.