Indian Pump Industry to 2026 – Impact of COVID-19 – GlobeNewswire

Dublin, Dec. 14, 2020 (GLOBE NEWSWIRE) -- The "Pump Market in India - Industry Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Pump Market in India Report

The pump market in India by revenue is expected to grow at a CAGR of over 7% during the period 2021-2026.

The demand for pumps is expected to grow at a steady rate due to the increased application of pumps in several end-user sectors. Pump manufacturers in India have focused solely on the agriculture and construction services sectors.

The increasing oil demand and expanded investments in water and wastewater treatment activities are likely to affect the pump market substantially. The domestic demand is also majorly met by local vendors, with the industry having robust capabilities to meet the demand. India's pump market is likely to witness the emergence of intelligent pump systems and micro disc pump technology in the next few years. Intelligent systems are expected to control and regulate the fluid's flow or pressure and adjust to process changes and have a fault-tolerant design. The market contributes significantly to the country's GDP as these devices play a major role in the agriculture and infrastructure sector.

The following factors are likely to contribute to the growth of the pump market in India during the forecast period:

The study considers the present scenario of the pump market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

This research report includes a detailed segmentation by product type, end-user type, geography. The centrifugal pump market in India is expected to be competitive, with several established vendors expanding their product portfolio. Centrifugal is best suited for non-air or vapor-containing liquids with low viscosity. Technology capabilities of centrifugal, particularly submersible pumps, are a key driver for increased demand from India's agricultural sector. The single-stage and submersible are major centrifugal devices used in India. Agriculture and infrastructure projects account for the major application.

Industrial pumps are witnessing a high demand from cement, steel, oil & gas, water & wastewater sectors. The increased oil and gas demand and high investments in water and wastewater treatment activities are projected to increase sales substantially. The industrial pump market in India is expected to reach over $2 billion by 2026. Water & wastewater, chemical, pharmaceutical, construction, food and beverage, and mining are the major end-users in India. Factors such as the increased focus on energy-efficient products in the water and wastewater industry, the development of generic pharmaceutical production, rapid urbanization, and the rise in massive housing schemes and expansion in infrastructural projects are likely to influence the growth of industrial pumps in India.

Key Questions Answered1. What is the future outlook and growth projections of the India pump market?2. Why centrifugal pumps are likely to witness immense demand during the forecast period?3. What are the key market challenges faced by key vendors?4. Which industrial applications are likely to drive the global pumps industry outlook?5. Which regions are witnessing significant demand for the agricultural pumps?6. What Initiatives have been taken by government agencies to promote the Indian solar pump industry?

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage4.1 Market Definition4.2 Base Year4.3 Scope Of The Study

5 Report Assumptions & Caveats5.1 Key Caveats5.2 Currency Conversion5.3 Market Derivation

6 Market At A Glance

7 Introduction7.1 Overview7.2 Impact Of COVID-19

8 Market Opportunities & Trends8.1 Demand For Energy Efficient Pumps8.2 Demand For Solar Pump8.3 Increasing Export Of Centrifugal Pumps

9 Market Growth Enablers9.1 Infrastructure Expansion9.2 Deteriorating Groundwater Level9.3 Growing Agricultural Sector

10 Market Restraints10.1 Rising Raw Material Cost10.2 Poor Electricity Supply10.3 International Competition

11 Market Landscape11.1 Market Overview11.2 Market Size & Forecast11.3 Five Forces Analysis

12 Product12.1 Market Snapshot & Growth Engine12.2 Market Overview

13 Centrifugal Pump13.1 Market Size & Forecast13.2 Sectoral Demand13.3 Market Snapshot & Growth Engine13.4 Single Stage13.5 Submersible13.6 Multi-Stage13.7 Turbine13.8 Other Centrifugal Pumps

14 Rotary Pump14.1 Market Size & Forecast14.2 Market Snapshot & Growth Engine14.3 Gear14.4 Lobe14.5 Peristaltic14.6 Vane14.7 Other Rotary Pumps

15 Reciprocating Pump15.1 Market Size & Forecast15.2 Market Snapshot & Growth Engine15.3 Piston15.4 Diaphragm

16 End User16.1 Market Snapshot & Growth Engine16.2 Market Overview

17 Industrial Sector17.1 Market Size & Forecast17.2 Market Snapshot & Growth Engine17.3 Water & Wastewater17.4 Chemical17.5 Power Generation17.6 Pharmaceutical17.7 Construction17.8 Food & Beverage17.9 Oil & Gas17.10 Mining17.11 Other Industries

18 Agricultural Sector18.1 Market Size & Forecast18.2 Agricultural Sector Pump Market By Product18.3 Borewell Pump18.4 Openwell Pump18.5 Other Agricultural Pumps18.6 Agricultural Sector Pump Market By Distribution Channel18.7 Agricultural Sector Pump Market By Speed

19 Commercial Sector19.1 Market Size & Forecast19.2 Commercial Sector Pump Market By Distribution Channel

20 Residential Sector20.1 Market Size & Forecast20.2 Residential Sector Pump Market By Distribution Channel

21 Geography21.1 Market Snapshot & Growth Engine21.2 Southern India21.3 Northern India21.4 Western India21.5 Eastern India

22 Competitive Landscape22.1 Competition Overview

23 Key Company Profiles23.1 Crompton23.2 FLOWSERVE23.3 Jyoti Group23.4 Kirloskar Brothers23.5 KSB23.6 Roto Pumps23.7 Shakti Pumps23.8 Wpil

24 Other Prominent Vendors24.1 Aqua Group24.2 Best Engineers Pumps24.3 C.R.I24.4 CNP Pumps24.5 Deccan24.6 Duke Plasto Technique24.7 Ellen24.8 Endura Pumps24.9 Falcon Pumps24.1 Grundfos24.11 Jasco24.12 Kishor Pumps24.13 Lubi Pumps24.14 Mahendra Pumps24.15 Mak24.16 Maxwell24.17 Mbh Pumps24.18 Oswal Pumps24.19 Protecto Engineering24.2 Sabar24.21 Sam Turbo Industry24.22 Swastik Engineers24.23 Suguna24.24 Texmo Industries24.25 V-Guard24.26 Waterman Industries

25 Report Summary25.1 Key Takeaways25.2 Strategic Recommendations

26 Quantitative Summary26.1 Market By Geography26.2 Product26.3 Centrifugal Pump26.4 Rotary Pump26.5 Reciprocating Pump26.6 End User26.7 Industrial Sector26.8 Agricultural Sector26.9 Commercial Sector26.10 Residential Sector

27 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/er4qpe

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Indian Pump Industry to 2026 - Impact of COVID-19 - GlobeNewswire