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India Pump Sets Market Share, Size, Analysis, 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; 2024-2032
India Pump Sets Market Size
The India pump sets market is expected to grow at a CAGR of 5.40% between 2024 and 2032. The market is being driven by the rising applications of pump sets in agriculture and industrial sectors.
India Pump Sets Market Outlook
- The estimated stock of agricultural irrigation pumps in India has increased from approximately 10 million units in 2010 to around 30 million units in 2022.
- One significant program contributing to the expansion of solar irrigation pumps is the PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan) scheme.
- PM-KUSUM initiative aims to install more than 3.5 million solar irrigation pumps over the next few years, ensuring energy security for farmers across India.
- As per industry reports, government of India added 70.1 GW of solar capacity in 2022.
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India Pump Sets Market Growth
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 rising applications of pump sets in the agriculture and industrial sectors, such as for pumping water, solvents, organics, acids and bases, is a major driver of growth in India pump sets market. The growing capacity expansion of various industries like food and beverage, mining, pulp and paper, and water treatment is also likely to increase demand for pump sets.
Key Trends and Developments
Diversification of product application, advancements in technology, and development of energy-efficient pump sets are factors fuelling the India pump sets market expansion
May 2024
The Indian government has drafted a plan to drive solar pump installations for farmers under the PM-KUSUM scheme, following the success of the PM-SURYAGHAR-MUFT-BIJLI-YOJANA. The plan aims to provide solar pumps to farmers at subsidised rates (up to 90&) and save their expenditure on diesel.
February 2024
The government in Uttar Pradesh plans to offer subsidised solar pumps to over 54,000 farmers in the upcoming fiscal year 2024-25. Farmers will have access to nine varieties of solar pumps at reduced rates. It will also provide clean energy-based irrigation systems to farmers.
October 2023
Shakti Pumps secured INR 149.71 crore order under PM-KUSUM scheme to replace electric pump sets with solar pump sets. This initiative aimed to turn farmers into energy providers, allowing them to save up to Rs 2 lakh annually on energy bills and earn up to Rs 50,000 by selling surplus power.
September 2023
The Andhra Pradesh government has granted a record 1.24 lakh agricultural pump set connections, surpassing the previous year's figure of 1.18 lakh. The connections were provided under the YSR Free Crop Compensation Scheme, which aims to support farmers by providing free electricity for agriculture.
June 2023
Pump set manufacturers in Coimbatore, led by the Southern India Engineering Manufacturers' Association (SIEMA) and the Scientific and Industrial Testing and Research Centre (Si' Tarc) developed a standard design for "V4" pumps. This helped manufacturers achieve economies of scale.
Product diversification
A notable trend shaping the pump sets market in India is the diversification of product offerings, including the deployment of pumps in non-agricultural irrigation applications. Grundfos, a global pump manufacturer, has expanded its product range to include pumps for applications such as wastewater treatment and industrial processes.
Technological upgradations
Another trend in the market is the focus on technological advancements and innovative product developments, such as IoT-enabled pumps. Kirloskar Brothers Limited, a leading pump manufacturer in India, has introduced its Smart Pump series, which incorporates IoT technology for remote monitoring and control.
Deployment of pump sets in the oil and gas sector
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 India pump sets market growth.
Focus on energy efficiency
With a growing emphasis on sustainability and cost-effectiveness, there is a rising demand for pumps that consume less energy while maintaining high performance levels. Wilo, a German pump manufacturer, has introduced its Stratos MAXO series, which features high-efficiency motors and intelligent control systems.
India Pump Sets Market Trends
The government's planned investments in irrigation projects and initiatives like Make in India are expected to fuel market demand. Additionally, technological advancements in power generation and the increasing focus on product development and innovations by major players are expanding opportunities for the India pump sets market development.
Also, the increasing use of centrifugal pumps across the domestic and residential sectors, owing to its simple design, easy maintenance, and smooth flow rate, is also a key trend adding to the market growth.
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India Pump Sets Industry Segmentation
The EMR’s report titled “India Pump Sets Market Report and Forecast 2024-2032” offers a detailed analysis of the Market based on the following segments:
Market Breakup by Type
- Centrifugal
- Positive Displacement
Market Breakup by Product Equipment Type
- Submersible Pumps
- Multistage Pumps
- End-Suction Pumps
- Split Case Pumps
- Engineered Pumps
- Others
Market Breakup by Application
- Agriculture
- Non-Agriculture Irrigation
- Domestic
- Industrial
- Others
Market Breakup by Region
- Northern Region
- Southern Region
- Western Region
- Eastern Region
India Pump Sets Market Share
Centrifugal pump sets dominate the market due to their versatility and widespread applications
The centrifugal segment holds a significant share in the market, driven by its simplicity in design, versatility, and ability to handle large volumes of fluids efficiently. This segment is witnessing growth due to its widespread applications in residential, commercial, industrial, municipal, and scientific research sectors, all of which are thriving fields in India. Notable properties of centrifugal pumps include energy efficiency, corrosion resistance, smooth flow, and high reliability, making them a preferred choice across various sectors.
As per India pump sets market analysis, steady agricultural activities in the northern region of India, particularly states like Punjab and Uttar Pradesh, plays a significant role in driving the demand for centrifugal pump sets. Meanwhile, positive displacement pump sets account for a smaller share compared to centrifugal pumps. These pumps operate by trapping a fixed amount of fluid and then displacing it into the discharge pipe, making them suitable for applications where consistent flow rates are essential.
Agriculture segment holds a significant market share due to the vast availability of agricultural land in India
The agriculture segment, based on application, accounts for a healthy India pump sets market share. Pumps sets in the agriculture field are used for irrigation to efficiently provide enough 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.
The non-agriculture irrigation segment in the market is experiencing growth driven by urbanisation, landscaping projects, and industrial water supply needs. Pump sets for non-agriculture irrigation cater to applications beyond traditional farming, such as urban landscaping, golf course maintenance, wastewater treatment, and industrial water distribution.
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Leading Companies in the India Pump Sets Market
Market players have an increasing emphasis on technological advancements, product development, and innovations to meet the growing demand across various industries
Kirloskar Brothers Ltd is a leading fluid management company which caters to the fluid management demands of building and construction, oil and gas, marine and defence, and power industries. The company was founded in the year 1888 and is currently headquartered in Pune, Maharashtra.
CRI Pumps Private Ltd is a leading provider of wastewater, submersible pumps, smart, and swimming pool pumps, among others. In addition, the company also offers expertise in HVAC and solar energy. It 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 of fans, pumps, heaters, and air coolers, catering to the demands of various end use sectors. It was established in the year 1937 and is currently headquartered in Mumbai, Maharashtra.
Shakti Pumps India Ltd. was founded in January 1982 and is headquartered in Madhya Pradesh, India. It manufactures submersible pumps, submersible motors, and associated control panels under the brand name Shakti. The company has established itself as the second-largest stainless steel submersible pump sets manufacturer globally.
Other key players in the pump sets market in India include KSB Limited, Sulzer Pumps India Ltd, Grundfos, Texmo Industries, and WPIL Ltd, among others.
India Pump Sets Market Analysis by Region
Northern region leads the market due to favourable government initiatives regarding pump sets
At a regional level, the northern region of India holds a decent share in the pumps market 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. Moreover, favourable government initiatives for the industrial sector are likely to improve the India pump sets market share in the coming years.
For instance, the PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme launched by GoI aims to install more than 3.5 million solar irrigation pumps over the next few years to provide clean energy and ensure energy security for farmers across India. Additionally, the government has implemented "Make in India" initiative, the Atmanirbhar packages, the National Infrastructure Pipeline (NIP) and National Monetisation Pipeline (NMP) schemes to enhance India's manufacturing capabilities, boost exports, and attract both domestic and foreign investments in the country.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Product Equipment Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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India Pump Sets Market Report Snapshots
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 (2018-2023)
9.3 India Pump Sets Market Forecast (2024-2032)
9.4 India Pump Sets Market by Type
9.4.1 Centrifugal
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Positive Displacement
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.5 India Pump Sets Market by Product Equipment Type
9.5.1 Submersible Pumps
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Multistage Pumps
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 End-Suction Pumps
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Split Case Pumps
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.5.5 Engineered Pumps
9.5.5.1 Historical Trend (2018-2023)
9.5.5.2 Forecast Trend (2024-2032)
9.5.6 Others
9.6 India Pump Sets Market by Application
9.6.1 Agriculture
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Non-Agriculture Irrigation
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.6.3 Domestic
9.6.3.1 Historical Trend (2018-2023)
9.6.3.2 Forecast Trend (2024-2032)
9.6.4 Industrial
9.6.4.1 Historical Trend (2018-2023)
9.6.4.2 Forecast Trend (2024-2032)
9.6.5 Others
9.7 India Pump Sets Market by Region
9.7.1 Northern Region
9.7.2 Southern Region
9.7.3 Western Region
9.7.4 Eastern Region
10 Regional Analysis
10.1 Northern Region
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Market Share by Leading 3 States
10.2 Southern Region
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Market Share by Leading 3 States
10.3 Western Region
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Market Share by Leading 3 States
10.4 Eastern Region
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
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 2032
2. India Pump Sets Historical Market: Breakup by Type (USD Million), 2018-2023
3. India Pump Sets Market Forecast: Breakup by Type (USD Million), 2024-2032
4. India Pump Sets Historical Market: Breakup by Product Equipment Type (USD Million), 2018-2023
5. India Pump Sets Market Forecast: Breakup by Product Equipment Type (USD Million), 2024-2032
6. India Pump Sets Historical Market: Breakup by Application (USD Million), 2018-2023
7. India Pump Sets Market Forecast: Breakup by Application (USD Million), 2024-2032
8. India Pump Sets Historical Market: Breakup by Region (USD Million), 2018-2023
9. India Pump Sets Market Forecast: Breakup by Region (USD Million), 2024-2032
10. India Pump Sets Market Structure
Key Questions Answered in the Report
The India pump sets market is expected to grow at a CAGR of 5.40% between 2024 and 2032.
A pump set is an equipment which facilitates the flow of liquid or gas.
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.
Key trends aiding market expansion 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.
Regions considered in the market are Northern Region, Southern Region, Western Region, and Eastern Region.
Apart from direct electricity, pump sets can also be powered manually and through solar power.
Key players in the market are 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.
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