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.
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
By Pump Type
Mini Monoblock Pumps
Borewell Submersible Pumps
Pressure Booster Pumps
By Motor Rating
By Distribution Channel
Dealer and Distributor Network
Direct Sales Channel
Online Sales Channel
Texmo Industries (Texmo and Taro)
Aqua Group (Texmo and Aquatex)
Lagajjar (Varuna Pumps)
Key Target Audience:-
Global & Domestic Pump Manufacturers
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
For More Information on the research report, refer to below link:-
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
Ankur Gupta, Head Marketing & Communications