India Industrial Pump Market Outlook to 2028

India Industrial Pump Market Overview

The Indian industrial pump market was valued at USD 0.86 Bn in 2023. This market is driven by rapid industrialization and infrastructural developments across the country. The growth is fueled by increasing investments in water and wastewater treatment, oil and gas, and power generation sectors.

Key players in the market include Kirloskar Brothers Ltd., Grundfos, Sulzer Ltd., Xylem Inc., and KSB SE & Co. KGa A. These companies are leading due to their extensive product portfolios, technological advancements, and strong distribution networks.

In 2023, Grundfos Pumps India Pvt. Ltd. announced the launch of its new energy-efficient pump range designed for wastewater treatment applications. This new product line is expected to enhance the company's market share and address the increasing demand for sustainable and energy-efficient solutions in the industry.

Industrial Pump Current Market Analysis

The industrial pump market in India is witnessing robust growth, it is projected to surpass INR 7600 crores by the end of 2024. Centrifugal pumps lead the market due to their broad application range, efficiency, and ease of maintenance, making them a preferred choice across various industries.

Single-stage centrifugal pumps are the top-selling products in the market, favored for their ability to handle high flow rates and their ease of installation and maintenance. The demand for energy-efficient and technologically advanced pumps is rising, as they help reduce operational costs and minimize downtime.

The western region of India, particularly Maharashtra and Gujarat, is dominating the industrial pump market. These states have a high concentration of industrial activities, including oil and gas, chemicals, and manufacturing sectors, which are major consumers of industrial pumps. For instance, Maharashtra alone accounts for a significant share of the market due to its extensive industrial base and infrastructure projects.

India Industrial Pump Market Segmentations

By Product: In 2023, the India industrial pump market is segmented by product type into centrifugal pipe and displacement type. Centrifugal pumps dominate due to their efficiency and versatility in various applications, and wide demand in various industries like water treatment and chemical processing.

By Applications: In 2023, the India industrial pump market is segmented by applications into water & wastewater, oil & gases, chemicals and power generation. The water and wastewater industry leads due to increasing investments in water management infrastructure and regulatory pressures for environmental sustainability.

By Region: In 2023, the India Industrial Pump Market is segmented by Region into North India, East India, South India and West India. Western India dominates the India industrial pump market due to its robust industrial base, particularly in Maharashtra and Gujarat. These states host numerous manufacturing units, chemical plants, and oil refineries, creating significant demand for industrial pumps.

India Industrial Pump Market Competitive Landscape

Company

Establishment Year

Headquarters

Kirloskar Brothers Limited

1888

Pune, Maharashtra

Grundfos Pumps India Pvt. Ltd.

1945

Chennai, Tamil Nadu

KSB Pumps Limited

1960

Pune, Maharashtra

Sulzer Pumps India Limited

1834

Navi Mumbai, Maharashtra

Crompton Greaves Consumer Electricals Ltd.

1937

Mumbai, Maharashtra

Grundfos India’s Energy-Efficient Solutions: Grundfos India launched a new range of energy-efficient pumps in early 2023, specifically designed for the wastewater treatment sector. These pumps are projected to reduce energy consumption by 20%, aligning with the government’s focus on sustainable infrastructure development. This product launch is anticipated to boost Grundfos’ sales, contributing an estimated INR 150 crores to its revenue by the end of 2024.

KSB Pumps Limited Investment in Smart Technology: In 2023, KSB Pumps Limited invested INR 250 crores in developing smart pump technology integrated with Io T for real-time monitoring and predictive maintenance. The smart pump segment is expected to generate additional revenue of INR 300 crores for KSB by the end of 2024, reinforcing its competitive edge in the market.

Crompton Greaves Consumer Electricals Limited New Product Line: In late 2023, Crompton Greaves Consumer Electricals Limited introduced a new series of high-performance pumps tailored for the oil and gas industry. With an investment of INR 180 crores, this strategic move is expected to contribute an additional INR 200 crores to Crompton Greaves’ revenue by the end of 2024.

India Industrial Pump Industry Analysis

India Industrial Pump Market Growth Drivers

Rapid Urbanization and Industrialization: The urban population in India is projected to reach 600 million by 2031, necessitating extensive infrastructure development, including water supply and wastewater management systems. The rise in industrial activities, with industrial output growing at an average rate of 6% per year.

Environmental Regulations and Sustainability Goals: The Indian government’s commitment to reducing carbon emissions from 2005 levels by 2030 has led to increased adoption of energy-efficient technologies. The Indian government’s commitment to reducing carbon emissions by 33-35% from 2005 levels by 2030 has led to increased adoption of energy-efficient technologies.

Technological Advancements: The implementation of Industry 4.0 technologies in manufacturing processes is expected to increase productivity, driving the demand for advanced industrial pumps that support these technologies. Smart pumps with predictive maintenance capabilities and real-time monitoring are becoming increasingly popular, reducing downtime and enhancing efficiency.

India Industrial Pump Market Challenges

High Initial Costs and Maintenance Requirements: The cost of installing energy-efficient pumps can range between INR 2 lakhs to INR 5 lakhs per unit, depending on the specifications and capacity. Additionally, regular maintenance, which can cost between INR 50,000 to INR 1 lakh annually, is necessary to ensure optimal performance. These financial constraints can hinder the adoption of advanced pump technologies among SMEs, affecting market growth.

Fluctuating Raw Material Prices: Fluctuations in raw material prices can impact the manufacturing costs and pricing of industrial pumps. For example, the price of steel has seen volatility, with a 50% increase in 2021 alone, leading to higher production costs for pump manufacturers and affecting their profitability.

Supply Chain Disruptions: Supply chain disruptions, exacerbated by global events such as the COVID-19 pandemic, have significantly impacted the industrial pump market. For instance, during the pandemic, supply chain disruptions led to an increase in delivery times for industrial pump orders.

India Industrial Pump Market Government Initiatives

Jal Jeevan Mission: The Jal Jeevan Mission, launched in 2019, aims to provide tap water to every rural household by 2024. This ambitious initiative involves significant investments in water supply infrastructure, including the installation of industrial pumps for water distribution and treatment. With a budget allocation of INR 3.60 lakh crore.

National Infrastructure Pipeline: The National Infrastructure Pipeline, launched in 2020, outlines a five-year plan to develop infrastructure across various sectors, including energy, water, and urban development. With a projected investment of INR 111 lakh crore, the NIP is expected to boost the demand for industrial pumps across multiple industries.

Atal Mission for Rejuvenation and Urban Transformation: The AMRUT scheme, launched in 2015, focuses on improving urban infrastructure in 500 cities, with a particular emphasis on water supply and sewage systems. This initiative is driving the demand for industrial pumps to support various urban infrastructure projects. The program aims to provide universal water supply coverage and improve urban sanitation.

India Industrial Pump Market Future Outlook

By 2028, the India industrial pump market is expected to continue its robust growth, driven by ongoing industrial projects, infrastructure development, and government initiatives promoting the Make in India campaign. The focus on sustainable and energy-efficient solutions will further propel market growth.

Future Market Trends

Adoption of Smart Pumping Solutions: The integration of Io T and AI in industrial pumps is a growing trend, enabling real-time monitoring, predictive maintenance, and enhanced operational efficiency. Smart pumps can reduce energy consumption by 10-20% and maintenance costs by 15-25%, making them highly attractive to industries.

Focus on Energy Efficiency and Sustainability: Energy-efficient pumps can reduce energy consumption, significantly lowering operational costs and carbon footprint. Industries are investing in pumps that comply with environmental regulations and support sustainability goals, aligning with the global push towards greener technologies.

Expansion in Rural Areas: Government initiatives aimed at improving water supply and sewage systems in rural regions are driving the demand for industrial pumps. For instance, the Jal Jeevan Mission aims to provide tap water to every rural household in 2024, necessitating extensive use of industrial pumps for water distribution and treatment.
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