Market segmentation of the India pumps market on the basis of type of pumps

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.

India Pumps Market Outlook to 2019 - Driven by Government Investments and Technological Advancements” 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.

Pumps market in India, which is hugely driven by end user segments of oil and gas, power generation, water and waste water, metal and mining and chemicals and others, registered revenues of INR ~ billion in FY’2014. With the advent of the Euro crisis and political and economical instability in India, the growth of the India pumps market decreased to 1.0% in FY’2014 as compared to 19.0% in FY’2013 where the total revenue was registered INR ~ billion. The demand of each segment in the pumps market is subjected to a gamut of different factors such as price sensitivity of consumers and the prevailing economic conditions which play an important role in determining their respective revenues. The pumps market in India has grown at a CAGR of 14.0% from INR 50.3 billion in FY’2010 to INR ~ billion in FY’2014.

The India pumps market is segmented into centrifugal pumps and positive displacement pumps based on type. Over the period of past five years, the centrifugal pumps segment has been the market leader, which captured ~ of the pumps market in FY’2014. Positive displacement pumps segment claimed revenue of INR ~ billion in the same year. The market share of positive displacement pumps has been significantly less than centrifugal pumps because centrifugal pumps find higher application in the end user segments.

Three main competitors in the highly fragmented pumps market in India are Kirloskar Brothers Ltd, KSB Pumps and Shakti Pumps. Kirloskar Bothers Ltd generated INR ~ billion in FY’2014 followed by KSB Pumps which raised INR ~ billion and Shakti Pumps with INR ~ billion. Kirloskar Brothers Ltd remained the market leader due to its strong distribution network but its market share has reduced considerably over the years due to entry of a large number of players in the organized as well as unorganized sector.

The market for pumps in India is changing at a brisk rate. Technological advancements and government policies have been significantly changing the market. Revenues from the pumps market in India are expected to expand to INR ~ billion in FY’2019, growing with a CAGR of ~% from FY’2014 to FY’2019.

Key Topics Covered in the Report:

The market size of the India Pumps, Industrial Pumps, Agricultural and Domestic Pumps Market and Solar Pumps Market.
Market segmentation of the India pumps market on the basis of type of pumps, end user sectors and by geography
Market segmentation of the India industrial pumps market on the basis of type and end user sectors
Market segmentation of the India agricultural and domestic pumps market on the basis of type and end user sectors
Trends and Developments in the India pumps market.
Competitive landscape and detailed company profiles of the major manufacturers of pumps in India.
Future outlook and projections of the India pumps market– industrial pumps and agricultural and domestic pumps on the basis of revenues in India

Source: https://www.kenresearch.com/agriculture-food-beverages/agriculture-industry/india-pumps-market-research-report/642-104.html

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249