Friday, March 29, 2024

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Manufacturing And Construction Machinery And Parts India Domestic Pump Market (Less than 2.5 HP) expected to cross INR...

India Domestic Pump Market (Less than 2.5 HP) expected to cross INR 5,700 Crores by FY’2025 owing to Rise in Demand for Energy Efficient Pumps and Technological Innovation Adopted by Service Providers: Ken Research

The penetration of online sales channels is expected to increase from 0.8% in FY’2020 to 1.4% in FY’2025. Mini Monoblock and pressure booster have been the most demanded categories for online sales channels.

India Domestic Pump Market (Less than 2.5 HP), expected to decline by ~12% in FY’2021, basis revenue owing to the COVID pandemic.

Artificial Intelligence, Smart Pumps, and Energy Efficient Pumps are anticipated to be manufactured on a large scale to improve efficiency and expand sales.

india-domestic-pump-(less-than-2.5hp)-market

Demand for Energy Efficient Pumps: With an ever-increasing need for sustainable development, companies and customers are moving towards adoption of sustainable products. There has been a significant increase in demand for energy efficiency over the years. For instance, In May 2018, CRI Pumps received an order for INR 150 Crores from Energy Efficiency Services Limited to replace the existing inefficient agriculture pumps with BEE five-star energy-efficient pump sets along with IOT enabled smart pumps with an estimated energy saving potential of 25 percent.

Integrating Artificial Intelligence with Manufacturing: Introduction of disruptive technologies and innovation in application is changing the landscape of Pump Market in India. Improvements in motor efficiencies, process analysis, and inclusion of AI & IOT in production activity have been driving the pump industry in India. IOT enabled pumps gives end users control to operate the entire system from mobile phones and also provide a real time analysis of health parameters of the pump system. CRI Pumps, Crompton, Kirloskar, Grundfos and Shakti Pumps have a few products in their product range in smart pump category.

Impact of COVID-19: COVID-19 lockdown has put a strain on India Manufacturing Industry. Domestic Pump Industry in India witnessed a decline in pump sales during the pandemic, owing to retail stores being closed and no construction activity happening in the country. Companies increased their manufacturing capacity utilization to cover the loss in domestic pump sales during Q1 and Q2. In addition to this, social distancing norms and regular medical checkups were performed at the manufacturing plant and office to ensure safety of workers.

Expanding Partnerships with Real Estate Developers: It is anticipated that companies would be expanding tie ups with real estate developers to fulfil their requirements of domestic pumps between 0.5 – 2.0 HP category. Top real estate developers in India are DLF, Mahagun Group, Unitech, Adani Group, Ashiana Housing, Shobha Limited.

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 is expected to reach INR 5,757 Crores by the end of FY’2025, registering a CAGR of 2.4% between FY’2020 and FY’2025.

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

Key Topics Covered in the Report:-

Domestic Pump Value Chain Analysis

Domestic Pumps Market Size and Future Projections (FY’2015-FY’2025)

Domestic Pump Market Segmentation by Pump Type, Distribution Channel, Motor Rating and Regional Demand

Residential Landscape of Maharashtra, Delhi NCR, Tamil Nadu, Gujarat, Karnataka

Trends and Developments in Domestic Pump Market

AI in Domestic Pumps Market

Competitive Landscape of Major Players in Global Pumps Market

Strengths and Weakness of Major Players in Domestic Pumps Market

Market Share of Major Players in Domestic Pumps Market

Porter’s Five Force Analysis of Domestic Pump Market

Future Market Trends and Way Forward

Analyst Recommendations

For More Information on the research report, refer to below link:-

India Domestic Pumps (Less than 2.5 HP) Market

Related Reports:-

India Plastic Pipes and Fittings Market Forecast to 2026 – By PVC Pipes (UPVC and CPVC Pipes), by Applications (Irrigation, Sewerage, Water Supply and Plumbing and Borewell Application), by Organized and Unorganized Sector and by Regions

Competition Benchmarking in Global Pumps Market – WILO Group, KSB Group, Xylem Pumps Inc, EBARA Group, Grundfos Group, Sulzer Pumps, Shimadzu Group, Kirloskar Brothers Limited, Flowserve Inc, Weir Group

Competition Benchmarking in Vietnam Pumps Market – HAPUMA, Ebara Vietnam, Grundfos Vietnam, WILO Vietnam, KSB Vietnam, IWAKI Vietnam, TSURUMI Pump Vietnam Company, INTECH Pump, SAIGON Industrial Pump JSC Vietnam

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

RELATED ARTICLES

Optimizing the Future: The Rise of the $2.04 Trillion Engineering Service Industry

The industrial engineering market plays a vital role in driving efficiency and productivity across various industries. As an integral part of the broader engineering...

The Rise of Modular Construction in a Dynamic Market

In the ever-evolving landscape of the construction industry, modular construction has emerged as a game-changer, promising efficiency, cost-effectiveness, and sustainable solutions. As business heads...

Navigating Growth: A Comprehensive Analysis of MSME Market Trends and Statistics

Introduction: The Micro, Small, and Medium Enterprises (MSME) sector is a crucial driver of economic growth globally. In this article, we explore key aspects of...

Most Popular

From Humble Beginnings to a $52 Billion Boom: Unveil Opportunities in India’s Booming Interior Design Market

India's interior designing market is witnessing a remarkable transformation, driven by various factors. This blog delves into the market size, growth projections, key trends,...

Smartphone Industry Insights: Navigating Growth, Trends, and Opportunities

The smartphone industry is a juggernaut, weaving itself into the fabric of our daily lives. From communication to commerce and entertainment, these pocket-sized powerhouses...

Theme Park Boom: Market Size, Trends & Top Players Shaping the Thrilling Future

The theme park industry isn't just about roller coasters and cotton candy anymore. It's a multi-billion dollar global phenomenon, offering immersive experiences that cater...

The Analysis on Global Capital Market, Industry and Report

The world of finance can be a complex labyrinth, especially when terms like "global capital markets" and "investment banking" get thrown around. While they're...