More than 70% of the pumps in India are manufactured in Rajkot and Coimbatore. Other manufacturing clusters in India are Ahmednagar, Kolhapur and Dewas.
In FY’2020, the penetration of online channel in India
Domestic Pump Market has been less than 1%. All online orders for domestic
pumps are processed through dealers. Major products demanded through online
channel are mini monoblock and pressure booster pumps.
Submersible Pumps, Mini Monoblock and Pressure Booster
Pumps have been the most demanded domestic pumps categories (less than 2.5 HP)
in India. Maharashtra, Tamil Nadu, Gujarat, Karnataka, Telangana, Kerala and
Delhi NCR have been the major demand regions for Domestic Pumps in India.
Rise in Construction Activity: Rise in construction activity and
housing projects will have a direct impact on the demand for domestic pumps in
India. The rise in demand for residential properties is driven by increased
urbanization and rising household income. Various government initiatives are in
practice such as Pradhan Mantri Awas
Yojana (PMAY) and Smart City projects to improve the housing functioning in
India. Under the, Pradhan Mantri Awas
Yojana, the government targeted to construct 2.95 crore houses with basic
amenities by 2022.
Challenges
in India Domestic Pump Market: The domestic pump market in India faces many challenges such as strong
hold of the unorganized sector, lean demand during rainy season, coordination
with channel partners and limited technical expertise. The
unorganized players offer products at a low price and offer replacement
warranty of 12-24 months in contrast to organized players who offer a repair
warranty of 12-24 months. This has placed immense
pressure on organized players in terms of cost and maintaining the quality
of the product at the same time, squeezing their overall margins.
Integration
of Artificial Intelligence in Business Operations:
Pump manufacturers in India have been continuously investing in R&D to
produce pumps with cutting edge technologies. Earlier pump manufacturers
focused on hydraulics, today the measurement, instrumentation, software &
cloud solutions have gained importance over the years. For instance, Grundfos uses AI in water pumps maintenance
by placing smart sensors on them. This enables the company to run
predictive analytics and take measures before a problem occurs in the pump.
According to the report by Ken Research titled “India
Domestic Pumps (Less than 2.5 HP) Market Outlook to 2025- Market Driven by
Depleting Ground Water Level and Rise in the number of Housing Projects”
the Domestic Pump Market (Less than 2.5 HP) on the basis of revenue was valued
at INR
5,103.5 Crores in FY’2020. The industry is positioned to be in maturity
phase and the demand is expected to grow owing to depleting ground water level,
rapid urbanisation and region expansion and product portfolio diversification.
Key Segments Covered:-
By Market Structure
Organized
Market
Unorganized
Market
By Pump Type
Mini
Monoblock Pumps
Borewell
Submersible Pumps
Pressure
Booster Pumps
Other
Pumps
By Motor Rating
0.5 HP
0.5-1.0
HP
1.0-1.5
HP
1.5-2.0
HP
By State
Maharashtra
Tamil
Nadu
Gujarat
Karnataka
Telangana
Kerala
Delhi NCR
West
Bengal
Madhya
Pradesh
Bihar
Other
States
By Distribution Channel
Dealer
and Distributor Network
Direct
Sales Channel
Online
Sales Channel
Companies Covered:-
Crompton
Kirloskar
Texmo
Industries (Texmo and Taro)
Lubi
Pumps
V-Guard
C.R.I.
Pumps
Aqua
Group (Texmo and Aquatex)
Lagajjar
(Varuna Pumps)
Usha
Pumps
Havells
KSB Group
Suguna
Pumps
Grundfos
Shakti
Pumps
CG Power
Mahendra
Pumps
Duke
Polycab
Bindhu
Pumps
Kumar
Pumps
Deccan
Industries
ESPA
Key Target Audience:-
Global
& Domestic Pump Manufacturers
Pump
Distributors
Pump
Importers
Government
Associations
Electric
Consumer Durables Companies
Private
Equity and Venture Capitalists firms
Time Period Captured in the Report:-
Historical
Period: FY’2015-FY’2020
Forecast
Period: FY’2021-FY’2025
For More Information
on the research report, refer to below link:-
India Domestic Pumps (Less than 2.5 HP) Market
Related Reports:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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