Product Code: ETC017504 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Pumps Market registered a growth of 6.01% in value shipments in 2022 as compared to 2021 and an increase of 2.8% CAGR in 2022 over a period of 2017. In Pumps Market India is becoming less competitive as HHI index in 2022 was 1069 while in 2017 it was 982. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Pumps Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Pumps Market in 2022 was 0.65 while in 2017 it was 0.83. China, Germany, USA, Japan and Rep. of Korea were among the top players of the market in 2022, where China acquired the largest market share of 21.37% with a shipment value of 96.58 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 16.04% with the shipment value of 57.95 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
India pumps market is estimated to grow at a CAGR of 10.6% during 2020-2026, driven by the increasing investments in infrastructure and industrial sector across the country. The rising demand for water pumping systems and wastewater management solutions as well as emerging applications such as building service applications, fire protection systems, etc., are providing considerable growth opportunities for players operating in the India pumps market.
1) Increase in infrastructural development activities: The government is taking various initiatives to boost infrastructural development activities owing to which there has been an increase in construction activity across residential and commercial sectors, creating huge potential for pumps sales.
2) Growing urbanization: As per United Nations reports, India’s urban population stands around 35%, with more than 833 million people living in cities or towns; this has resulted into increased demand for services like drinking water supply & sewage collection & treatment systems further resulting into growing demand for pumps.
3) Rising investments by Government of India towards water conservation projects: “Composite Water Management Index (CWMI): A Tool For Water Management” shows that only 5% surface water sources were available while 75%-80% groundwater was used, depleting groundwater levels rapidly due to over exploitation of resources; thus Government of India have also invested significantly towards these projects through Swachh Bharat Abhiyan. This will result into large installation base of various types of pump technologies such as centrifugal pump technology being used across all types of applications such as agricultural irrigation purposes and other municipal requirements including potable use and wastewater treatments plants leading significant growth opportunity for participants operating within Indian Pumps Market .
1) Intermittent power supply : Availability intermittent power supply remains one major challenge faced by manufacturers especially small scale manufactures since it affects their production process leading huge losses both financially & time related losses resulting delayed delivery cycles further affecting overall sales volumes .
2) Unorganized market structure : High presence unorganised players who offer limited product portfolio with low quality standards along with cheap pricing remain another major challenge faced by existing key players operating within Indian Pumps Market , thereby hindering overall growth rate .
Increasing adoption renewable energy powered products : Owing growing environmental concerns coupled stringent norms governing emissions from traditional diesel powered based products ; companies
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 Pumps Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Pumps Market Revenues & Volume, 2019 & 2026F |
3.3 India Pumps Market - Industry Life Cycle |
3.4 India Pumps Market - Porter's Five Forces |
3.5 India Pumps Market Revenues & Volume Share, By Product, 2019 & 2026F |
3.6 India Pumps Market Revenues & Volume Share, By Position, 2019 & 2026F |
3.7 India Pumps Market Revenues & Volume Share, By Driving Force, 2019 & 2026F |
3.8 India Pumps Market Revenues & Volume Share, By Technology, 2019 & 2026F |
3.9 India Pumps Market Revenues & Volume Share, By Application, 2019 & 2026F |
4 India Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Pumps Market Trends |
6 India Pumps Market, By Types |
6.1 India Pumps Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Pumps Market Revenues & Volume, By Product, 2016 - 2026F |
6.1.3 India Pumps Market Revenues & Volume, By Portable, 2016 - 2026F |
6.1.4 India Pumps Market Revenues & Volume, By Stationary, 2016 - 2026F |
6.2 India Pumps Market, By Position |
6.2.1 Overview and Analysis |
6.2.2 India Pumps Market Revenues & Volume, By Submersible, 2016 - 2026F |
6.2.3 India Pumps Market Revenues & Volume, By Non-submersible, 2016 - 2026F |
6.3 India Pumps Market, By Driving Force |
6.3.1 Overview and Analysis |
6.3.2 India Pumps Market Revenues & Volume, By Engine Driven, 2016 - 2026F |
6.3.3 India Pumps Market Revenues & Volume, By Electrical Driven, 2016 - 2026F |
6.4 India Pumps Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 India Pumps Market Revenues & Volume, By Centrifugal Pumps, 2016 - 2026F |
6.4.3 India Pumps Market Revenues & Volume, By Diaphragm Pumps, 2016 - 2026F |
6.5 India Pumps Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 India Pumps Market Revenues & Volume, By Mining, 2016 - 2026F |
6.5.3 India Pumps Market Revenues & Volume, By Building & Construction, 2016 - 2026F |
6.5.4 India Pumps Market Revenues & Volume, By Oil & Gas, 2016 - 2026F |
6.5.5 India Pumps Market Revenues & Volume, By Industrial, 2016 - 2026F |
6.5.6 India Pumps Market Revenues & Volume, By Municipal, 2016 - 2026F |
7 India Pumps Market Import-Export Trade Statistics |
7.1 India Pumps Market Export to Major Countries |
7.2 India Pumps Market Imports from Major Countries |
8 India Pumps Market Key Performance Indicators |
9 India Pumps Market - Opportunity Assessment |
9.1 India Pumps Market Opportunity Assessment, By Product, 2019 & 2026F |
9.2 India Pumps Market Opportunity Assessment, By Position, 2019 & 2026F |
9.3 India Pumps Market Opportunity Assessment, By Driving Force, 2019 & 2026F |
9.4 India Pumps Market Opportunity Assessment, By Technology, 2019 & 2026F |
9.5 India Pumps Market Opportunity Assessment, By Application, 2019 & 2026F |
10 India Pumps Market - Competitive Landscape |
10.1 India Pumps Market Revenue Share, By Companies, 2019 |
10.2 India Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |