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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Pump Sets Market Analysis by Region
Northern region leads the market due to favourable government initiatives regarding pump sets
At a regional level, the northern region of India holds a decent share in the pumps market and is expected to witness a heightened growth in the forecast period. The steady agricultural activities happening across states such as Punjab and Uttar Pradesh are escalating the demand for pump sets. Moreover, favourable government initiatives for the industrial sector are likely to improve the India pump sets market share in the coming years.
For instance, the PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme launched by GoI aims to install more than 3.5 million solar irrigation pumps over the next few years to provide clean energy and ensure energy security for farmers across India. Additionally, the government has implemented "Make in India" initiative, the Atmanirbhar packages, the National Infrastructure Pipeline (NIP) and National Monetisation Pipeline (NMP) schemes to enhance India's manufacturing capabilities, boost exports, and attract both domestic and foreign investments in the country.
India Pump Sets Market Report Snapshots
India Pump Sets Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The India pump sets market is expected to grow at a CAGR of 5.40% between 2024 and 2032.
A pump set is an equipment which facilitates the flow of liquid or gas.
Rising applications in industrial sectors including agriculture and chemical, among others, to pump water, solvents, organics, and acids and bases, and increasing domestic use of centrifugal pumps across domestic and residential sector are the major drivers of the market.
Key trends aiding market expansion include the technological upgradations and innovative product developments such as IoT enabled pumps, and deployment in non-agricultural irrigation applications.
Centrifugal and positive displacement are the different product types included in the market.
The major product equipment types included in the market report are submersible pumps, multistage pumps, end-suction pumps, split case pumps, and engineered pumps, among others.
Agriculture, non-agriculture irrigation, domestic, and industrial, among others, are the different applications included in the India pump sets market report.
Regions considered in the market are Northern Region, Southern Region, Western Region, and Eastern Region.
Apart from direct electricity, pump sets can also be powered manually and through solar power.
Key players in the market are Kirloskar Brothers Ltd, CRI Pumps Private Ltd, KSB Limited, Crompton Greaves Consumer Electricals Ltd, Sulzer Pumps India Ltd, Grundfos, Texmo Industries, Shakti Pumps India Ltd, and WPIL Ltd, among others.
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