This report provide information about Pumps market. This mechanical devices are used to transfer liquid from one place to another and also to facilitate in circulating liquid.
The pump industry in India is growing at an exponential rate. Recent research shows that the market is slated to grow at a CAGR of 11.54% in the forecast period between 2013 and 2014.
This report, Pump Market in India 2014-2018, provides a detailed analysis of the market and focuses on the major players, market trends and recent developments in the pump market in India.
One of the major trends in the pump market in India is the increasing demand from end-users for integrated solutions from the vendors. Integrated solutions involve products like motor, seals, drivers, and valves. It also includes services such as technical support and after-sales services. Since the market is highly price-sensitive, most of the vendors differentiate their products with integrated solutions. According to research, the increasing demand from major end-users is one of the major drivers in the pump market in India. The agriculture water and wastewater, and building services industries are some of the major end-users in the pump market in India.
Expansion of infrastructure in major industries like agriculture and construction and building is one the major factors influencing the growth of the pumps market. Another factor is the erratic monsoon climate in India which provides a major opportunity for market growth. Fluctuations in ground water level have also facilitated further development of the market. Rise in population and urbanization boosts the demand for pumps in the market.
Key regions and players
The leading companies operating in water pumps market in India are Kirloskar Brother Limited, KSB Pumps, CRI Pumps, and Shakti Pumps. Increased energy crisis and government regulation are motivating water pump manufacturers to develop energy efficient products. States such as Gujarat, Tamil Nadu and Maharashtra have a strong industrial base and are hence leading in demand for industrial pumps, while Punjab and Uttar Pradesh are agriculture based states and consequently, agricultural pumps are more in demand from these states.
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