·
Future Growth of India Pumps market is expected
to be driven by government investments for infrastructural development
·
The market leader, Kirloskar Brothers Ltd is expected
to maintain focus on new product development for industrial applications to
compete with other players in the industry
Ken
Research announced its latest publication on “India Pumps Market Outlook to 2019 - Driven by Government Investments
and Technological Advancements” which provides a comprehensive analysis of
various aspects such as market size and market segmentation of the pumps market
by industrial pumps and agricultural and domestic pumps. The publication discusses
major drivers and growth restraints accountable for change in the demand. Trade
of pumps has also been highlighted along with industry recent developments. The
report also covers the revenues and market shares of major pump manufacturers
in India. The report is useful for pump manufacturers, suppliers, distributors and
new players venturing in the market.
India Pump Market |
The pumps market
in India has witnessed declining growth rates in recent years on account of rising
cost of production, dearth in domestic demand and lack of government investments
in end user industries. The plummeting growth is majorly originated from
diminishing revenue of the India industrial pumps market. The drop in revenue
generated in this segment has been largely caused by soaring raw material
prices. The pumps market in India is comprised of large
companies such as Kirloskar Brothers Ltd, KSB Pumps, and Shakti Pumps along
with a huge unorganized sector comprising of small and medium enterprises. The India pumps market revenues have grown
at a CAGR of 14.0% from 2010-2014.
On the basis of type, pumps can be segmented into
centrifugal pumps and positive displacement pumps. In FY’2014, centrifugal
pumps account for ~% of the sales of pumps in India since they have higher
utility as compared to positive displacement pumps. On the basis of end use,
pumps could be segregated into industrial pumps and agricultural and domestic
pumps. The industrial pumps segment is primarily utilized in end use segments
including oil & gas, power generation, metals & mining, water and waste
water and chemicals & others. On the other hand, agricultural and domestic
pumps are usually utilized in agriculture and building services. In FY’2014,
the Industrial Pumps segment contributed ~% in the total revenue generated by
the market as industrial pumps are in more demand as compared to agricultural
and domestic pumps combined together.
“The investment announced by
the Indian government for the development of infrastructure will result in
increased spending on industrial and agricultural pumps, rising pressure on
profit margins due to high raw material costs will affect the growth of this
industry in the future”, according to the Research Associate, Ken Research.
According to the
research report, the India pumps market will grow at a considerable CAGR rate
thus exceeding INR 190.2 billion by 2019 driven by many industrial and macro
economy factors.
Key Topics Covered in the Report:
India Pumps Market
-
Market Size
by Revenue
-
Market
Segmentation by
o
Type of
pumps
o
End user
segments
o
Geography
-
Government
Support and Initiatives
-
India
Industrial Pumps Market
o
Market Size
by Revenue
o
Growth
Drivers and Restraints
o
Market
Segmentation by Type and by End use
o
Trend and
Developments
-
India
Agricultural and Domestic Pumps Market
o
Market Size
by Revenue
o
Growth
Drivers and Restraints
o
Market
Segmentation by Type and by End use
o
Trend and
Development
o
India Solar
Pumps Market
-
Export and
Import
-
PESTLE
Analysis
-
Competition
and Market Share
-
Company
Profiles
-
Future
Outlook
-
Macro Economic
Parameters
Key Products Mentioned in the Report
Centrifugal Pumps
-
Single
stage radial flow pumps
-
Submersible
pumps
-
Multi stag
radial flow pumps
-
Axial &
mixed flow pumps
Positive Displacement
Pumps
-
Rotary
pumps
-
Reciprocating
pumps
-
Peristaltic
pumps
Companies Covered in the Report
-
Kirloskar
Brothers Limited
-
KSB Pumps
-
Shakti
Pumps
-
WPIL
Limited
-
Jyoti
Limited
-
Roto Pumps
Related
Reports:
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249