| Product Code: ETC4526965 | Publication Date: Aug 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India centrifugal pump market import shipment demonstrated a robust upward trajectory during the period with a notable CAGR of 14.1% from 2020 to 2024. The growth rate between 2023 and 2024 remained strong at 13.3%, indicating sustained market expansion and positive momentum throughout the years.
Centrifugal pumps are integral to several industries in India, including agriculture, water supply, and manufacturing. The India centrifugal pump market is witnessing growth due to the country`s expanding agricultural and industrial sectors. The need for efficient fluid handling solutions and the demand for water distribution systems have contributed to the expansion of this market. Manufacturers are working on developing more energy-efficient and environmentally friendly centrifugal pumps to address the water and fluid handling challenges faced by different sectors in India.
The centrifugal pump market in India is witnessing robust growth driven by several factors. One of the primary drivers is the need for efficient fluid handling solutions across various sectors, including agriculture, water supply, industrial processes, and construction. Centrifugal pumps are known for their versatility and reliability, making them essential in a wide range of applications. Additionally, as India agricultural and industrial activities continue to expand, the demand for centrifugal pumps has surged. Government initiatives to promote irrigation, water supply, and industrial growth have further contributed to the market`s expansion. In a country with diverse and growing fluid handling needs, centrifugal pumps are integral in ensuring efficient and reliable operations.
Challenges in the centrifugal pump market include optimizing pump designs for higher efficiency, improving reliability, and addressing issues related to water scarcity and environmental regulations.
The centrifugal pump market faced challenges during the COVID-19 pandemic. Disruptions in supply chains and decreased industrial activities impacted the market. Many projects were put on hold or delayed. However, essential industries like agriculture and water supply continued to drive demand for centrifugal pumps. The market showed resilience in segments related to agriculture and municipal applications.
In the centrifugal pump market, significant players include Kirloskar Brothers Limited, KSB Pumps, Flowserve Corporation, Grundfos, and Xylem.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Centrifugal Pump Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Centrifugal Pump Market Revenues & Volume, 2021 & 2031F |
3.3 India Centrifugal Pump Market - Industry Life Cycle |
3.4 India Centrifugal Pump Market - Porter's Five Forces |
3.5 India Centrifugal Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Centrifugal Pump Market Revenues & Volume Share, By Operation Type, 2021 & 2031F |
3.7 India Centrifugal Pump Market Revenues & Volume Share, By Stage, 2021 & 2031F |
4 India Centrifugal Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and urbanization leading to higher demand for centrifugal pumps in various sectors. |
4.2.2 Growing focus on water and wastewater treatment projects driving the need for centrifugal pumps. |
4.2.3 Government initiatives promoting infrastructure development and investments in key sectors like agriculture, manufacturing, and construction. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the manufacturing cost of centrifugal pumps. |
4.3.2 Intense competition among market players leading to pricing pressures. |
4.3.3 Challenges related to energy efficiency and environmental regulations affecting the adoption of centrifugal pumps. |
5 India Centrifugal Pump Market Trends |
6 India Centrifugal Pump Market, By Types |
6.1 India Centrifugal Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Centrifugal Pump Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Centrifugal Pump Market Revenues & Volume, By Overhung Impeller, 2021-2031F |
6.1.4 India Centrifugal Pump Market Revenues & Volume, By Between Bearing, 2021-2031F |
6.1.5 India Centrifugal Pump Market Revenues & Volume, By Vertically Suspended, 2021-2031F |
6.2 India Centrifugal Pump Market, By Operation Type |
6.2.1 Overview and Analysis |
6.2.2 India Centrifugal Pump Market Revenues & Volume, By Electrical, 2021-2031F |
6.2.3 India Centrifugal Pump Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.4 India Centrifugal Pump Market Revenues & Volume, By Air-driven, 2021-2031F |
6.3 India Centrifugal Pump Market, By Stage |
6.3.1 Overview and Analysis |
6.3.2 India Centrifugal Pump Market Revenues & Volume, By Single, 2021-2031F |
6.3.3 India Centrifugal Pump Market Revenues & Volume, By Multi, 2021-2031F |
7 India Centrifugal Pump Market Import-Export Trade Statistics |
7.1 India Centrifugal Pump Market Export to Major Countries |
7.2 India Centrifugal Pump Market Imports from Major Countries |
8 India Centrifugal Pump Market Key Performance Indicators |
8.1 Energy efficiency improvements in centrifugal pump designs. |
8.2 Adoption rate of smart pumping solutions in various industries. |
8.3 Maintenance and service contract renewal rates for centrifugal pumps. |
8.4 Number of new product innovations and technological advancements in the centrifugal pump market. |
8.5 Customer satisfaction and retention rates for centrifugal pump manufacturers. |
9 India Centrifugal Pump Market - Opportunity Assessment |
9.1 India Centrifugal Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Centrifugal Pump Market Opportunity Assessment, By Operation Type, 2021 & 2031F |
9.3 India Centrifugal Pump Market Opportunity Assessment, By Stage, 2021 & 2031F |
10 India Centrifugal Pump Market - Competitive Landscape |
10.1 India Centrifugal Pump Market Revenue Share, By Companies, 2024 |
10.2 India Centrifugal Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |