India Water Pumps Market stood at USD1685 million in FY2021 and is forecast to grow at a CAGR of 5.59% until FY2027, owing to the increasing infrastructure development and construction of new residential and commercial buildings. Also, the growth can be attributed to the rising demand from increasing agricultural activities, and depleting ground water levels. Moreover, increasing focus on development of wastewater treatment plants and desalination plants in the country coupled with various government initiatives for strengthening and developing existing and new infrastructure projects are some of the other major factors that are expected to propel demand for water pumps in India during the forecast period.
The Indian government has been continuously taking initiatives to strengthen the national economy. In the Union Budget 2019-21, the agriculture sector was identified as one of the key drivers of the economy. The central government will work with state governments to allow farmers to benefit from e-NAM (National Agriculture Market). The government has further announced plans to launch Krishi Udaan Yojana and has also extended the PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan) scheme to support 20 lakh farmers for setting up stand-alone solar based water pumps and further help other 15 lakh farmers solarize their grid-connected pumps.
In terms of Type, the India Water Pumps Market is categorized into Centrifugal Pumps and Positive Displacement. Among these, the Centrifugal Pumps dominated the India Water Pumps Market in FY2021 and it is anticipated to remain in the dominant category throughout the forecast period as well, as these pumps are the best devices used for water and thin liquids in almost every industry. As centrifugal pumps are best suited for non-air or vapor-containing liquids with low viscosity, most of the vendors are expanding their product portfolio in this segment which will spur the growth of centrifugal water pumps in the forecast period.
Based on Application, agriculture sector is the most dominating segment in the market as it accounts for over 26% share of country’s total market. Declining water level and rising per capita water demand are major challenges being faced by population associated with agriculture sector and its allied segments. On the other hand, per capita water availability has reduced to about one third since 1950, resulting into growing demand for water pumps, where agriculture water pumps are the leading segment. Other factors such as rising urbanization, increasing investment in infrastructure and industrialization (especially in water & wastewater, oil & gas sectors) are also driving the water pumps market.
Based on Pump Type the India Water Pumps Market can be segmented into Submersible Pumps, Multistage Pumps, End Suction Pumps, Positive Displacement Pumps, Split Case Pumps, Engineered Pumps where Submersible Pumps category accounted for the majority of share in the India Water Pumps Market owing to their higher efficiency.
Some of the players in the India Water Pumps Market include Kirloskar Brothers Limited (KBL), C.R.I. Pumps Private Limited, Crompton Greaves Consumer Electricals Limited, KSB Limited, Sulzer Pumps India Limited, Texmo Industries, WILO Mather and Platt Pumps Private Limited, Grundfos Pumps India Private Limited, Shakti Pumps India Limited, WPIL Limited and others. The companies operating in the market are focusing on expansion and mergers & collaborations to increase their share in the market.
Years considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022E
Forecast Period: FY2023F-FY2027F
Objective of the Study:

  • To analyze the historical growth in the market size of India Water Pumps Market from FY2017 to FY2021.
  • To estimate and forecast the market size of the India Water Pumps Market from FY2022 to FY2027 and growth rate until FY2027.
  • To classify and forecast India Water Pumps Market based on Type, By Application, By Pump Type, By Company, By Region.
  • To identify the dominant region or segment in the India Water Pumps Market.
  • To identify drivers and challenges for India Water Pumps Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Water Pumps Market.
  • To conduct import export analysis for India Water Pumps Market
  • To identify and analyze the profile of leading players operating in the India Water Pumps Market.
  • To identify key sustainable strategies adopted by market players in the India Water Pumps Market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of water pumps manufacturers across India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across India.
TechSci Research calculated India Water Pumps Market size using a bottom-up approach where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:

  • Water pumps manufacturers, suppliers, importers, distributors and other stakeholders
  • Organizations, forums and alliances related to water pumps
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and end users. The study would also help them in identifying which market segments should be targeted over the coming years to strategize investments and capitalize on growth of the market.
Report Scope:
In this report, India Water Pumps Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Water Pumps Market, By Type:

o Centrifugal
o Positive Displacement

  • India Water Pumps Market, By Application:

o Agriculture
o Building Services
o Water and Wastewater
o Power
o Oil & Gas
o Lift Irrigation
o Others

  • India Water Pumps Market, By Pump Type:

o Submersible Pumps
o Multistage Pumps
o End Suction Pumps
o Positive Displacement Pumps
o Split Case Pumps
o Engineered Pumps

  • India Water Pumps Market, By Region:

o North
o South
o East
o West
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India Water Pumps Market
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information

  • Detailed analysis and profiling of additional market players (up to five).