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India Pump Sets Market Share, Size, Growth, Forecast: By Type: Centrifugal, Positive Displacement; By Product Equipment Type: Submersible Pumps, Multistage Pumps, End-Suction Pumps, Split Case Pumps, Engineered Pumps, Others; By Application: Agriculture, Others; Market Dynamics; Regional Analysis; Competitive Landscape; 2023-2028

India Pump Sets Market Outlook

The India pump sets market is expected to grow at a CAGR of 5.40% between 2023 and 2028. The market is being driven by the rising applications of pump sets in agriculture and industrial sectors.

 

Key Trends in the Market

A pump set is defined as an apparatus which is used for driving, compressing, or raising a fluid or a gas using two important components, namely, a driver and a coupling. The pump set generates a mechanical force which powers a liquid or gas, to transport or position them in an industrial setting. 

 

  • The India pump sets market is being driven by rising applications in the industrial sectors including agriculture, and chemical, among others, to pump water, solvents, organics, and acids and bases.
  • Increasing domestic use of centrifugal pumps across the domestic and residential sectors, owing to its simple design, easy maintenance, and smooth flow rate, is a key trend further adding to the market growth.
  • The rising deployment of pump sets in the oil and gas sector to perform a variety of tasks, including methanol injecting, pumping of glycol, and processing of chemical, is escalating the market growth. Accordingly, the thriving oil and gas sector in the country is augmenting the India pump sets market.

 

Opportunities and Challenges

The growing capacity expansion of various sectors such as food and beverage, mining, pulp and paper, and water treatment, among others is likely to pose as an opportunity for the market. Hence, pump sets are expected to witness a heightened incorporation in these applications. Technological advancements in the power generation sector are further expected to offer lucrative opportunities to the market in the coming years. The increasing investments aimed towards bolstering product development and innovations are expected to further expand the opportunities for India pump sets market. Major market players and manufacturers are emphasising on improving the product design in order to increase the business profitability. Meanwhile, risk of failure and mechanical issues in pump sets poses a challenge for their widespread adoption. 

 

Market Analysis

Based on type, the market can be segmented into centrifugal and positive displacement. On the basis of product equipment type, the market can be classified into submersible pumps, multistage pumps, end-suction pumps, split case pumps, and engineered pumps, among others. By application, the market has been segmented into agriculture, non-agriculture irrigation, domestic, and industrial, among others. The regional markets for pump sets in India can be divided into Northern Region, Southern Region, Western Region, and Eastern Region. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India pump sets market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • 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

 

Market Share by Type

Based on type, the centrifugal segment accounts for a significant share in the India pump sets market. These types of pumps are simple in terms of design and are versatile. In addition, centrifugal pump sets are capable of handling large volumes of fluids, operating for long hours, and require less maintenance as compared to other industrial components. Hence, the increasing applications of centrifugal pumps sets in residential, commercial, industrial, municipal, and scientific research sectors, which are booming fields in India, is fuelling the segment’s growth. Notable properties of centrifugal pumps include energy efficiency, resistance to corrosion, smooth flow, and excellent reliability, among others.  

 

Market Share by Application

The agriculture segment, based on application, accounts for a healthy share of the India pump sets market. Pumps sets in the agriculture field are used for the process of irrigation to efficiently provide sufficient water to the crops. Hence, the thriving agriculture sector across India, owing to the growing population, favourable policies of the government supporting farmers, and vast availability of agricultural land, is leading to a heightened demand for pump sets. Further, the growing innovations and progressive product developments aimed towards improving the economics and efficiency of agricultural pump sets are expected to bolster the market dynamics in the forecast period. 

 

Market Share by Region

At a regional level, the northern region of India holds a decent share in the pumps market in the country and is expected to witness a heightened growth in the forecast period. The steady agricultural activities happening across states such as Punjab and Uttar Pradesh are escalating the demand for pump sets. Meanwhile, the rapid innovations and penetration of internet of things (IoT) in pump sets are expected to influence various regions of India. Moreover, rapid urbanisation, rising standards of living, and favourable government initiatives for the industrial sector are likely to improve the India pump sets market dynamics in the coming years. 

 

Competitive Landscape

Kirloskar Brothers Ltd is a leading fluid management company which caters to the fluid management demands of various end use sectors including building and construction, oil and gas, marine and defence, power, and process, among others. The company was founded in the year 1888 and is currently headquartered in Pune in Maharashtra. 

 

CRI Pumps Private Ltd is a leading provider of pumping solutions, which offers waste water pumps, submersible pumps, smart pumps, and swimming pool pumps, among others. In addition, the company also offers expertise in HVAC and solar energy. CRI Pumps Private Ltd was established in the year 1996 and is currently headquartered in New Delhi, India. 

 

Crompton Greaves Consumer Electricals Ltd is a leading pumps and pumping equipment manufacturing company which has a vast product portfolio, catering to the demands of various end use sectors. The equipment manufactured by the company include fans, pumps, heaters, and air coolers, among others. Crompton Greaves Consumer Electricals Ltd was established in the year 1937 and is currently headquartered in Mumbai, Maharashtra.

 

Other market players include KSB Limited, Sulzer Pumps India Ltd, Grundfos, Texmo Industries, Shakti Pumps India Ltd, and WPIL Ltd, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Product Equipment Type
  • Application
  • Region
Breakup by Type
  • Centrifugal
  • Positive Displacement
Breakup by Product Equipment Type
  • Submersible Pumps
  • Multistage Pumps
  • End-Suction Pumps
  • Split Case Pumps
  • Engineered Pumps
  • Others
Breakup by Application
  • Agriculture
  • Non-Agriculture Irrigation
  • Domestic
  • Industrial
  • Others
Breakup by Region
  • Northern Region
  • Southern Region
  • Western Region
  • Eastern Region
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    India Irrigation Sector Outlook
9    India Pump Sets Market Analysis

    9.1    Key Industry Highlights
    9.2    India Pump Sets Historical Market (2018-2022) 
    9.3    India Pump Sets Market Forecast (2023-2028)
    9.4    India Pump Sets Market by Type
        9.4.1    Centrifugal
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2018-2022)
            9.4.1.3    Forecast Trend (2023-2028)
        9.4.2    Positive Displacement
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2018-2022)
            9.4.2.3    Forecast Trend (2023-2028)
    9.5    India Pump Sets Market by Product Equipment Type
        9.5.1    Submersible Pumps
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2018-2022)
            9.5.1.3    Forecast Trend (2023-2028)
        9.5.2    Multistage Pumps
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2018-2022)
            9.5.2.3    Forecast Trend (2023-2028)
        9.5.3    End-Suction Pumps
            9.5.3.1    Market Share
            9.5.3.2    Historical Trend (2018-2022)
            9.5.3.3    Forecast Trend (2023-2028)
        9.5.4    Split Case Pumps
            9.5.4.1    Market Share
            9.5.4.2    Historical Trend (2018-2022)
            9.5.4.3    Forecast Trend (2023-2028)
        9.5.5    Engineered Pumps
            9.5.5.1    Market Share
            9.5.5.2    Historical Trend (2018-2022)
            9.5.5.3    Forecast Trend (2023-2028)
        9.5.6    Others
    9.6    India Pump Sets Market by Application
        9.6.1    Agriculture
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2018-2022) 
            9.6.1.3    Forecast Trend (2023-2028)
        9.6.2    Non-Agriculture Irrigation
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2018-2022) 
            9.6.2.3    Forecast Trend (2023-2028)
        9.6.3    Domestic
            9.6.3.1    Market Share
            9.6.3.2    Historical Trend (2018-2022) 
            9.6.3.3    Forecast Trend (2023-2028)
        9.6.4    Industrial
            9.6.4.1    Market Share
            9.6.4.2    Historical Trend (2018-2022) 
            9.6.4.3    Forecast Trend (2023-2028)
        9.6.5    Others
    9.7    India Pump Sets Market by Region
        9.7.1    Market Share
            9.7.1.1    Northern Region
            9.7.1.2    Southern Region
            9.7.1.3    Western Region
            9.7.1.4    Eastern Region
10    Regional Analysis
    10.1    Northern Region
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
        10.1.3    Market Share by Leading 3 States
    10.2    Southern Region
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
        10.2.3    Market Share by Leading 3 States
    10.3    Western Region
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
        10.3.3    Market Share by Leading 3 States
    10.4    Eastern Region
        10.4.1    Historical Trend (2018-2022)
        10.4.2    Forecast Trend (2023-2028)
        10.4.3    Market Share by Leading 3 States
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyer’s Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Kirloskar Brothers Ltd
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    CRI Pumps Private Ltd
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    KSB Limited
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Crompton Greaves Consumer Electricals Ltd
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Sulzer Pumps India Ltd
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Grundfos
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Texmo Industries
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Shakti Pumps India Ltd
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    WPIL Ltd
            12.2.9.1    Company Overview
            12.2.9.2    Product Portfolio
            12.2.9.3    Demographic Reach and Achievements
            12.2.9.4    Certifications
        12.2.10    Others
13    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    India Pump Sets Market: Key Industry Highlights, 2018 and 2028
2.    India Pump Sets Historical Market: Breakup by Type (USD Million), 2018-2022
3.    India Pump Sets Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    India Pump Sets Historical Market: Breakup by Product Equipment Type (USD Million), 2018-2022
5.    India Pump Sets Market Forecast: Breakup by Product Equipment Type (USD Million), 2023-2028
6.    India Pump Sets Historical Market: Breakup by Application (USD Million), 2018-2022
7.    India Pump Sets Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    India Pump Sets Historical Market: Breakup by Region (USD Million), 2018-2022
9.    India Pump Sets Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    India Pump Sets Market Structure

Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 5.40% in the forecast period of 2023-2028.

Rising applications in industrial sectors including agriculture and chemical, among others, to pump water, solvents, organics, and acids and bases, and increasing domestic use of centrifugal pumps across domestic and residential sector are the major drivers of the market.

The key trends in the market include the technological upgradations and innovative product developments such as IoT enabled pumps, and deployment in non-agricultural irrigation applications.

Centrifugal and positive displacement are the different product types included in the market.

The major product equipment types included in the market report are submersible pumps, multistage pumps, end-suction pumps, split case pumps, and engineered pumps, among others.

Agriculture, non-agriculture irrigation, domestic, and industrial, among others, are the different applications included in the India pump sets market report.

A pump set is an equipment which facilitates the flow of liquid or gas.

Yes, apart from direct electricity, pump sets can also be powered manually and through solar power.

The major regions included in the pump sets market in India are Northern Region, Southern Region, Western Region, and Eastern Region.

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, are the key market players, according to the report.

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