India Industrial Pump Market Size (2024 - 2029)

The India Industrial Pump Market is projected to experience growth over the forecast period, driven by rising industrialization and urbanization, along with supportive government policies. Despite challenges posed by high operations and maintenance costs, the market is expected to benefit from technological advancements that focus on producing energy-efficient pumps with enhanced operational efficiency. These developments are anticipated to create significant opportunities, contributing to the expansion of the market size in India.

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Market Size of India Industrial Pump Industry

India Industrial Pump Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.93 Billion
Market Size (2029) USD 1.19 Billion
CAGR (2024 - 2029) 4.80 %
Market Concentration Medium

Major Players

India Industrial Pump Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Industrial Pump Market Analysis

The India Industrial Pump Market size is estimated at USD 0.93 billion in 2024, and is expected to reach USD 1.19 billion by 2029, growing at a CAGR of 4.80% during the forecast period (2024-2029).

  • Over the medium term, the increasing industrialization and urbanization activities coupled with supportive government policies are expected to increase the demand for the industrial pump market in India.
  • On the other hand, high operations and maintenance costs are expected to hinder India's industrial pump market growth.
  • Nevertheless, the increasing technological advancements in the market to produce energy-efficient pumps with higher operational efficiency are expected to create huge opportunities for the Indian industrial pump market.

India Industrial Pump Industry Segmentation

Industrial pumps are mechanical devices designed to move fluids (liquids or gases) from one place to another within industrial settings. They are crucial in various industries, including manufacturing, oil and gas, chemical processing, power generation, water treatment, agriculture, and construction. Industrial pumps are designed to handle different fluids, including water, chemicals, petroleum products, slurry, wastewater, and more. Industrial pumps are characterized by their ability to generate high pressure or flow rates to meet specific application requirements. They come in various types, each suitable for specific applications.

The Indian industrial pump market is segmented by type and end-user Industry. By type, the market is segmented into Centrifugal Pump and Positive Displacement Pump. By end-user Industry, the market is segmented into Oil and Gas, Water and Wastewater, Chemicals and Petrochemicals, Mining, Power Generation, and Other End-user Industries. For each segment, the market sizing and forecasts have been done based on revenue capacity in USD.

Type
Centrifugal Pump
Positive Displacement Pump
End-User Industry
Oil and Gas
Water and Wastewater
Chemicals and Petrochemicals
Mining
Power Generation
Other End-user Industries
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India Industrial Pump Market Size Summary

The India industrial pump market is poised for growth, driven by increasing industrialization and urbanization, alongside supportive government policies. Despite challenges such as high operational and maintenance costs, the market is expected to benefit from technological advancements that focus on energy-efficient pumps with enhanced operational efficiency. Centrifugal pumps, known for their high efficiency and versatility, are anticipated to dominate the market due to their broad applications across various industries, including water supply, wastewater treatment, and power generation. The demand for these pumps is further bolstered by the rising electricity demand, particularly from thermal power plants, which rely heavily on centrifugal pumps for cooling water circulation.

In addition to the energy sector, the oil and gas industry is expected to significantly influence the industrial pump market in India. Government initiatives aimed at boosting domestic oil and gas production and reducing import dependence are attracting investments, thereby increasing the demand for industrial pumps. The establishment of new refineries and petrochemical complexes, along with the rising imports of liquefied natural gas, underscores the growing need for industrial pumps in handling and circulating various fluids. Key players in the market, such as Kirloskar Brothers Limited and Roto Pumps Limited, are actively introducing innovative products to meet the evolving demands, further contributing to the market's expansion during the forecast period.

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India Industrial Pump Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 Growing Industrialization

        2. 1.5.1.2 Government Initiatives

      2. 1.5.2 Restraints

        1. 1.5.2.1 High Initial Investment

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Centrifugal Pump

      2. 2.1.2 Positive Displacement Pump

    2. 2.2 End-User Industry

      1. 2.2.1 Oil and Gas

      2. 2.2.2 Water and Wastewater

      3. 2.2.3 Chemicals and Petrochemicals

      4. 2.2.4 Mining

      5. 2.2.5 Power Generation

      6. 2.2.6 Other End-user Industries

India Industrial Pump Market Size FAQs

The India Industrial Pump Market size is expected to reach USD 0.93 billion in 2024 and grow at a CAGR of 4.80% to reach USD 1.19 billion by 2029.

In 2024, the India Industrial Pump Market size is expected to reach USD 0.93 billion.

India Industrial Pump Market Report Snapshots

India Industrial Pump Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)