Report Overview

An increasingly high demand for pumps for expanding irrigation and water supply purposes and the government’s supportive initiatives for adoption of renewable energy for pumps are expected to drive the India Water Pumps Market during the forecast period between 2024 and 2030.

India Water Pumps Market – Industry Trends & Forecast Report, 2030

The India Water Pumps Market size was estimated at USD 1.56 billion in 2023. During the forecast period between 2024 and 2030, the India Water Pumps Market size is projected to grow at a CAGR of 4.99% reaching a value of USD 2.23 billion by 2030. Prominent drivers of the market include the increasing investments in agricultural infrastructure and growing demand for various irrigation methods such as drip, sprinkler, and hose pipe systems. The Government of India's initiatives to enhance farmer incomes and agricultural activities further propel market growth, along with the growing reliance on groundwater for agriculture. Also, the expansion of sewage treatment plants (STPs) across India, which utilize municipal wastewater pumps for transporting sewage, sludge, stormwater, and treated wastewater, contributes significantly to market demand. The focus on developing desalination plants in response to water shortages in various states also drives the market. Notably, the use of water pumps at construction sites to manage excess water from rain or high-water tables, coupled with the burgeoning construction sector, accelerates market growth. Rapid industrialization and the increasing need for safe drinking water are anticipated to further fuel the market's expansion.

Water Pumps – Overview

Water pumps are devices, either mechanical or electromechanical, used to move water through pipes or hoses by creating a pressure difference. They can be powered by electricity, gasoline engines, or solar panels, especially in remote areas like deserts. Currently, water pumps are widely used across India in various sectors, including municipal, industrial, agricultural, and residential, for water distribution.

India Water Pumps Market

Growth Drivers

Increasing Government Initiatives

The India water pumps market is experiencing significant growth driven by various government initiatives aimed at enhancing water infrastructure and management. Rapid urbanization is boosting demand in residential and commercial segments, while agriculture faces challenges from groundwater reliance and unpredictable monsoons. Government efforts to improve nationwide sanitation and water delivery services, including the "smart cities" initiative, are increasing the need for water pumps. The Government of India (GoI) is also installing wastewater treatment solutions across multiple industrial sectors, including the construction of sewage treatment facilities (STPs) and desalination plants to address water shortages. Investments in agricultural infrastructure, such as drip and sprinkler irrigation systems, further drive the demand for efficient water pumps. Additionally, the KUSUM scheme's promotion of solar pumps, the export potential of Indian pumps, and the adoption of intelligent pump systems offer lucrative opportunities for manufacturers. The Bureau of Energy Efficiency (BEE) star ranking enhances brand value and quality, while a focus on after-sales services strengthens vendor-customer relationships.

Challenges

High Initial Cost

The India water pumps market faces challenges due to the high initial costs associated with purchasing and installing advanced pump systems. These costs can be prohibitive for small-scale farmers and businesses, limiting market growth. Additionally, the expense of integrating innovative technologies and maintaining these systems further restrains widespread adoption, despite the potential long-term benefits and efficiency gains.

Impact of Escalating Geopolitical Tensions on India Water Pumps Market

Geopolitical tensions can have a multifaceted impact on the India Water Pumps Market by disrupting supply chains and increasing raw material costs. Trade restrictions and tariffs can hinder the import of essential components, leading to production delays and higher prices for end consumers. Additionally, uncertainty in global markets can result in reduced foreign investments and technological collaborations, slowing down innovation and expansion efforts. These factors contribute to market instability, making it challenging for manufacturers to maintain consistent output and competitiveness. Consequently, geopolitical tensions pose significant risks to the growth and sustainability of the India water pumps market.

India Water Pumps Market

Segmental Coverage

India Water Pumps Market – By Pump Type

By pump type, the India Water Pumps Market is divided into Surface Suction Pumps, Submersible Pumps, and Floating Pumps segments. The submersible pumps segment holds the highest share in the India Water Pumps Market by pump type. Also referred to as bell pumps, these pumps are fully immersed in the water they pump, making them ideal for various applications, from flood situations to wastewater management. They come in different models tailored to handle specific water conditions, such as clean water, sewage, or heavy-duty tasks. Submersible pumps offer advantages like increased efficiency and self-priming capabilities, making them preferred choices for pump stations and irrigation in agriculture. With rising investments in the India Submersible Water Pumps Market, fueled by the crucial role of agriculture in the country's economy, this segment is poised for further growth.

India Water Pumps Market – By Type

Based on type, the India Water Pumps Market is split into Centrifugal and Positive Displacement segments. The centrifugal segment holds a higher share in the India Water Pumps Market by type. It is primarily due to their efficiency, versatility, and cost-effectiveness. These pumps are widely used across various industries, including agriculture, water treatment, and construction, due to their ability to handle large volumes of water with relatively low energy consumption. Their simple design, ease of maintenance, and ability to operate at high speeds make them ideal for numerous applications, from irrigation to industrial processes. Additionally, the ongoing urbanization and government initiatives to improve water infrastructure further enhance the demand for centrifugal pumps, solidifying their market share.

India Water Pumps Market – By End User

Based on end user, the India Water Pumps Market is divided into Agriculture, Domestic Water Supply, and Industrial Applications segments. The agriculture segment holds the highest share in the India Water Pumps Market by end user. With a significant portion of India's population dependent on agriculture for livelihood, efficient water management is crucial for crop cultivation. Water pumps are indispensable tools for irrigation purposes, ensuring consistent water supply to fields, especially in regions with erratic rainfall patterns. Additionally, the government's initiatives to promote agricultural modernization and increase crop yield further drive the demand for water pumps in the agricultural sector. Consequently, the agriculture segment holds the highest share in the Indian Water Pumps Market, reflecting its indispensable role in sustaining the country's agricultural productivity and food security.

India Water Pumps Market – By Region

Geographically, the India Water Pumps Market is divided into North India, South India, East India, and West India regions.

Competitive Landscape

Major players operating in India Water Pumps Market include Havells, C.R.I. Pumps Private Limited, Crompton Greaves Consumer Electricals Limited, Kirloskar, Sulzer Pumps India Private Ltd, Shakti Pumps, Oswal Pumps, Flowserve, KSB, and WPIL Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In May 2024 - Crompton Greaves Consumer Electricals secured its fourth consecutive order for a solar water pumping system under the PM-KUSUM scheme in Haryana, valued at over INR 9 crore. The order includes supplying, installing, and commissioning various solar photovoltaic water pumping systems. Additionally, the company received Letters of Empanelment for 3,500 solar pumping systems in Maharashtra and Rajasthan, amounting to approximately INR 85 crore.

• In March 2024 - Shakti Pumps (India) secured an order valued INR 73.32 crore from the Haryana Renewable Energy Department (HAREDA) for the supply, installation, and commissioning of 2,130 solar water pumping systems under the KUSUM 3 scheme.

• In February 2024 - The Union Minister for New & Renewable Energy announced that over 2.95 lakh solar water pumps had been installed under the PM-KUSUM scheme, launched in March 2019 and expanded in September 2023. The scheme aims to enhance energy and water security, reduce diesel use, and boost farmers’ incomes while mitigating environmental pollution. It includes installing decentralized solar power plants, deploying standalone solar pumps in off-grid areas, and solarizing existing grid-connected agriculture pumps.

Scope of the Report

By Pump Type

• Surface Suction Pumps

• Submersible Pumps

• Floating Pumps

By Type

• Centrifugal

• Positive Displacement

By End User

• Agriculture

• Domestic Water Supply

• Industrial Applications

By Region

• North India

• South India

• East India

• West India