India Pumps Market Outlook to 2019 - Driven by Government Investments and Technological Advancements” 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.
Pumps market in India, which is hugely driven by end user segments of oil and gas, power generation, water and waste water, metal and mining and chemicals and others, registered revenues of INR ~ billion in FY’2014. With the advent of the Euro crisis and political and economical instability in India, the growth of the India pumps market decreased to 1.0% in FY’2014 as compared to 19.0% in FY’2013 where the total revenue was registered INR ~ billion. The demand of each segment in the pumps market is subjected to a gamut of different factors such as price sensitivity of consumers and the prevailing economic conditions which play an important role in determining their respective revenues. The pumps market in India has grown at a CAGR of 14.0% from INR 50.3 billion in FY’2010 to INR ~ billion in FY’2014.
Source: https://www.kenresearch.com/agriculture-food-beverages/agriculture-industry/india-pumps-market-research-report/642-104.html
2. India Pumps Market Outlook to 2019 - Driven by Government
Investments and Technological Advancements
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Key Highlights of the Report
- Discussed leading players, profile,
market share and product portfolio
- Market statistics from 2010 to 2014
and forecast from 2015to 2019 in
value terms
- Detailed discussion of the market
segments
- Regulatory and macro economy
environment
- Opportunities led by market
Pumps market in India is relatively fragmented and has evolved
significantly over the years in terms of technology. The initiatives
and regulations undertaken by the government has positively
influenced the market growth and led to its continuous
development over the years. The pumps market in India has been
majorly impacted by the expansion in infrastructure sector over
the years. However, over the period of FY’2012-FY’2014 the
market has witnessed sluggish growth owing to multiple factors
such as rising inflation, falling demand for pumps due to lack of
government investment in end use sectors, rising raw material
costs and poor global economic conditions.
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 54.0% in the total revenue generated
by the market as industrial pumps are in more demand as
compared to agricultural and domestic pumps combined
together.
India Pumps Market is highly fragmented with
800 manufacturers spread across the country.
Out of the total manufacturers in the market, a
majority are small and medium players in the
unorganized sector. A majority of the
unorganized players are involved into
manufacturing of agricultural and domestic
pumps in the country.
-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.
INDIA PUMPS MARKET: PAST AND FUTURE GROWTH TRENDS
5. India Pumps Market Size on the Basis
of Revenues, 2010-2014
India Pumps Market Future Projections
on the Basis of Revenues, 2015-F2019
6. The pumps market in the country is set to witness exponential growth during
FY’2015 – FY’2019. The market size of the India Pumps Market in terms of revenue
generated is expected to increase at CAGR of 17.5% during the period of FY’2015 –
FY’2019. The demand for pumps will primarily be driven by large scale investment
which the Indian government has announced for infrastructural development in the
country.
Increased investments in the irrigation and oil and gas sectors will create an
upsurge in the demand for pumps. Deregulation of the exploration and production
industry with the New Exploration and Licensing Policy (NELP), planned increase in
the refining capacity, huge investments in the petrochemical industry and irrigation
projects, among others, are poised to fuel the demand for pumps. Though the
demand for pumps is set to increase in the coming years, the profit margins will
reduce owing to rising raw material costs. The market is expected to witness
increasing consolidation owing to the pressurized profit margins which would
largely affect the profitability of small and medium enterprise owners.
7. Section Review
●In 2014 Centrifugal Pumps
led the market with
percentage contribution of
95.0%
●The contribution of
agricultural and domestic
segment increased during the
period of 2012-2014
●The industrial segment
contributed dominant share in
the total revenue generated by
the India Pumps Market in
2014
On the basis of product type, pumps can be
classified into centrifugal pumps and positive
displacement pumps. Centrifugal pumps are
utilized for increasing the flow of liquids whereas
Positive displacement pumps serve the purpose of
maintaining a constant flow. Depending on the
function performed by the two types of pumps,
Centrifugal pumps find higher utility in the end
use markets as compared to positive
displacement pumps which has been
substantiated by their respective revenue
contribution in FY’2014. Centrifugal pumps
dominated the market with 95.0% share in the
total market size and positive displacement
pumps made a minor contribution of mere 5.0%.
On the basis of end use, pumps could be divided
into Industrial and Agricultural & Domestic
category. Industrial use of pumps entails
application of pumps in Oil & Gas,
Metals & Mining, and Power etc whereas
Agricultural & Domestic end use segment
constitutes use of pumps for irrigation and other
agriculture related activities and building services.
During the period of FY’2012-FY’2014, the
contribution of industrial segment has decreased
whereas the contribution of agricultural and
domestic segment has increased. In FY’2012, the
agricultural and domestic segment generated
43.0% of the total revenue which increased to
46.0% in FY’2014. On the other hand the industrial
segment garnered 57.0% market share in FY’2012
which contracted to 54.0% in FY’2014. This
increase in the revenue generated by the
agricultural and domestic segment was due to
increasing demand of energy efficient pumps in
the agricultural sector.
WHAT ARE THE MAJOR SEGMENTS DRIVING CHANGE?
8. Table: India Pumps Market Segmentation on the Basis of Revenues from
Centrifugal Pumps and Positive Displacement Pumps in INR Billion, FY’2014
Category FY’2014
Centrifugal Pumps
Positive Displacement Pumps
Table: India Pumps Market Segmentation by End Use on the Basis of
Revenues in INR Billion, FY’2012-FY’2014
Category FY’2012 FY’2013 FY’2014
Industrial
Agricultural &
9. COMPANIES CITED IN THE REPORT
Particulars
Companies
Mentioned
Kirloskar Brothers Limited
KSB Pumps
Shakti Pumps
WPIL Limited
Jyoti Limited
Roto Pumps
Products
Mentioned
End Suction Pumps, Split Case Pumps, Multi Stage Pumps, Monobloc Pumps
and Submersible Pumps
Competition Kirloskar Bothers Limited was the largest player in the India pumps market.
Kirloskar brothers Limited is engaged in the manufacturing of agricultural,
domestic as well as industrial pumps. KSB Pumps is the second largest player
in the market. The company has been focusing on the standard products
segment for the energy sector. apart from the two large players, the India
pumps market is highly fragmented in terms of market share and number of
players
Competitive Landscape
10. Product Portfolio of Major Players in India Pumps Market
Company Product Specification
Kirloskar Brothers
Limited
The company manufactures multiple variants of End Suction Pumps, Split Case Pumps, Multi Stage Pumps, Special and
Engineered Pumps, Monobloc Pumps, Submersible Pumps and Sump Pumps which have domestic, agricultural as well as
industrial applications
KSB Pumps he company Manufactures Horizontal and Vertical Centrifugal Pumps, Monobloc Pumps, Pressure Booster Pumps and
Submersible Pumps with applications in the domestic, agriculture and industrial sectorsT
Shakti Pumps The company manufactures Submersible Pumps, Vertical Multistage Centrifugal Pumps, Pressure Booster Pumps, Self
Priming Pumps, Open Well Pumps and End Suction Pumps which have widespread water and waste water applications in the
domestic and agricultural sectors
WPIL Limited The company manufactures Vertical Turbine Pumps, Vertical Mixed Flow and Axial Flow Pumps, Bore Well Pumps, Bottom
Suction Type Pumps and Horizontal Centrifugal Pumps with applications in the power, irrigation, municipal and industrial
sectors
Jyoti Limited The company manufactures Vertical Turbine Pumps, Vertical Mixed Flow Pumps, Metallic Volute Pumps, Vertical Propeller
Pumps, Horizontal Split Casing Pumps, Vertical Non Clog Centrifugal Pumps and Horizontal Non Clog Centrifugal Pumps
which fulfill the water supply needs of industrial, domestic and agricultural sectors
Roto Pumps The company manufactures Progressive Capacity Pumps and Twin Screw Pumps with applications in the mining, chemicals,
varnish & ink, milk, curd, light, paper, sugar, edible oil, distillation and steel industries
11. KEY FACTORS CONSIDERED IN THE REPORT
● Comprehensive analysis of the India pumps market and its segments
● Market is presented by types of pumps, by end users and by manufacturing
clusters
● Listed major players and their positioning in the market
● Identified major industry developments in last few years and assess the
future growth of the market
● Regulatory framework help to understand investment opportunities and
complexity involved
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