Rapid Urbanisation and Depleting Ground Water Level facilitated the Growth in India Domestic Pump Market (Less than 2.5 HP): Ken Research Analysis

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More than 70% of the pumps in India are manufactured in Rajkot and Coimbatore. Other manufacturing clusters in India are Ahmednagar, Kolhapur and Dewas.

In FY’2020, the penetration of online channel in India Domestic Pump Market has been less than 1%. All online orders for domestic pumps are processed through dealers. Major products demanded through online channel are mini monoblock and pressure booster pumps.

Submersible Pumps, Mini Monoblock and Pressure Booster Pumps have been the most demanded domestic pumps categories (less than 2.5 HP) in India. Maharashtra, Tamil Nadu, Gujarat, Karnataka, Telangana, Kerala and Delhi NCR have been the major demand regions for Domestic Pumps in India.

Rise in Construction Activity: Rise in construction activity and housing projects will have a direct impact on the demand for domestic pumps in India. The rise in demand for residential properties is driven by increased urbanization and rising household income. Various government initiatives are in practice such as Pradhan Mantri Awas Yojana (PMAY) and Smart City projects to improve the housing functioning in India. Under the, Pradhan Mantri Awas Yojana, the government targeted to construct 2.95 crore houses with basic amenities by 2022.

Challenges in India Domestic Pump Market: The domestic pump market in India faces many challenges such as strong hold of the unorganized sector, lean demand during rainy season, coordination with channel partners and limited technical expertise. The unorganized players offer products at a low price and offer replacement warranty of 12-24 months in contrast to organized players who offer a repair warranty of 12-24 months. This has placed immense pressure on organized players in terms of cost and maintaining the quality of the product at the same time, squeezing their overall margins.

Integration of Artificial Intelligence in Business Operations: Pump manufacturers in India have been continuously investing in R&D to produce pumps with cutting edge technologies. Earlier pump manufacturers focused on hydraulics, today the measurement, instrumentation, software & cloud solutions have gained importance over the years. For instance, Grundfos uses AI in water pumps maintenance by placing smart sensors on them. This enables the company to run predictive analytics and take measures before a problem occurs in the pump.

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 was valued at  INR  5,103.5 Crores in FY’2020. The industry is positioned to be in maturity phase and the demand is expected to grow owing to depleting ground water level, rapid urbanisation and region expansion and product portfolio diversification.

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

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

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

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