India Water Pumps Market Forecast and Opportunities, 2020
Water pumps market is growing at a significant pace in India. Demand for water pumps in the country is proliferating due to concurrent growth in agriculture and other water intensive industries. Government of India has been introducing various policies to assist the growth of agricultural output in the country. These policies vary from subsidized electricity to exemptions on use of solar water pumps. The announcement of such policies has inspired farmers to install independent irrigation facilities to ensure consistent availability of water. Consequently, these schemes are directly pushing the demand for water pumpsin India. Indian chemical marketis also growing at a rapid pace, witnessing an increase in both public and private sector investments. PCPIR (Petroleum, Chemicals and Petrochemicals Investment Region) is an initiative taken by Government of India specifically meant to encourage foreign investment in petroleum, chemical and petrochemicals sector, which is expected to accelerate economic growth and positively impact the demand for water pumps in the country.
According to “India Water Pumps Market Forecast & Opportunities, 2020”, water pumps market in India is expected to grow at CAGR of around 12% till 2020. Demand for water pumps is arising from all segments including agricultural, industrial and residential in the country. In addition, the increasing wastewater treatment projects and growing investmentsin Indian desalination industry is set tosurge demand for water pumps. Delhi, Tamil Nadu, Gujarat and Maharashtra are the leading states in terms of water pumps sales in the country. The leading players operating in water pumps market includes Kirloskar Brothers, CRI, KSB, Crompton Greaves, Tushaco and many more. “India Water Pumps Market Forecast & Opportunities, 2020” discusses the following aspects related to water pumps in India:
To gain an in-depth understanding of water pumps market in India
To identify the on-going trends and anticipated growth in the next five years
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The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with water pump manufacturers, channel partners and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases."
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