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Ken Research: India Pumps Market Outlook to 2019
Ken Research: India Pumps Market Outlook to 2019
The report provides statistics on India pumps market by types of pumps categorized as centrifugal pumps and positive displacement pumps, growth drivers, Major players, Trade and future outlook.
New Delhi,
Delhi,
India
(prbd.net)
15/05/2015
Future Growth of India Pumps market is expected to be driven by government investments for infrastructural development
The market leader, Kirloskar Brothers Ltd is expected to maintain focus on new product development for industrial applications to compete with other players in the industry
Ken Research announced its latest publication on “India Pumps Market Outlook to 2019 - Driven by Government Investments and Technological Advancements” which provides a comprehensive analysis of various aspects such as market size and market segmentation of the pumps market by industrial pumps and agricultural and domestic pumps. The publication discusses major drivers and growth restraints accountable for change in the demand. Trade of pumps has also been highlighted along with industry recent developments. The report also covers the revenues and market shares of major pump manufacturers in India. The report is useful for pump manufacturers, suppliers, distributors and new players venturing in the market.
The pumps market in India has witnessed declining growth rates in recent years on account of rising cost of production, dearth in domestic demand and lack of government investments in end user industries. The plummeting growth is majorly originated from diminishing revenue of the India industrial pumps market. The drop in revenue generated in this segment has been largely caused by soaring raw material prices. The pumps market in India is comprised of large companies such as Kirloskar Brothers Ltd, KSB Pumps, and Shakti Pumps along with a huge unorganized sector comprising of small and medium enterprises. The India pumps market revenues have grown at a CAGR of 14.0% from 2010-2014.
On the basis of type, pumps can be segmented into centrifugal pumps and positive displacement pumps. In FY’2014, centrifugal pumps account for ~% of the sales of pumps in India since they have higher utility as compared to positive displacement pumps. On the basis of end use, pumps could be segregated into industrial pumps and agricultural and domestic pumps. The industrial pumps segment is primarily utilized in end use segments including oil & gas, power generation, metals & mining, water and waste water and chemicals & others. On the other hand, agricultural and domestic pumps are usually utilized in agriculture and building services. In FY’2014, the Industrial Pumps segment contributed ~% in the total revenue generated by the market as industrial pumps are in more demand as compared to agricultural and domestic pumps combined together.
“The investment announced by the Indian government for the development of infrastructure will result in increased spending on industrial and agricultural pumps, rising pressure on profit margins due to high raw material costs will affect the growth of this industry in the future”, according to the Research Associate, Ken Research.
According to the research report, the India pumps market will grow at a considerable CAGR rate thus exceeding INR 190.2 billion by 2019 driven by many industrial and macro economy factors.
Key Topics Covered in the Report:
India Pumps Market
- Market Size by Revenue
- Market Segmentation by
-- Type of pumps
-- End user segments
-- Geography
- Government Support and Initiatives
- India Industrial Pumps Market
-- Market Size by Revenue
-- Growth Drivers and Restraints
-- Market Segmentation by Type and by End use
-- Trend and Developments
- India Agricultural and Domestic Pumps Market
-- Market Size by Revenue
-- Growth Drivers and Restraints
-- Market Segmentation by Type and by End use
-- Trend and Development
-- India Solar Pumps Market
- Export and Import
- PESTLE Analysis
- Competition and Market Share
- Company Profiles
- Future Outlook
- Macro Economic Parameters
Key Products Mentioned in the Report
Centrifugal Pumps
- Single stage radial flow pumps
- Submersible pumps
- Multi stag radial flow pumps
- Axial & mixed flow pumps
Positive Displacement Pumps
- Rotary pumps
- Reciprocating pumps
- Peristaltic pumps
Companies Covered in the Report
- Kirloskar Brothers Limited
- KSB Pumps
- Shakti Pumps
- WPIL Limited
- Jyoti Limited
- Roto Pumps
Related Reports:
Indonesia Construction Equipment Industry Outlook to 2017 - Hydraulic Excavators and Earthmoving Equipments Gaining Traction
India Micro Irrigation System Market Outlook to 2018 - Increasing Government Support and Farmer Awareness to Stimulate the Growth
Source:https://www.kenresearch.com/agriculture-food-beverages/agriculture-industry/india-pumps-market-research-report/642-104.html
Media Contact Details
Ankur Gupta
Ken Research
+91-9015378249
Ankur@kenresearch.com
About
Ken Research is a leading global industry research and information service company operating with a network of partner firms across the US, Asia and Europe. The company provides bespoke industry intelligence, equity research reports and business consulting services on gamut of sectors.
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