Report Overview

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Water Pumps Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing Demand for Irrigation
         2. Increasing Government Initiatives
         3. Rising Focus on Renewable Energy
      2. Restraints
         1. High Initial Cost
         2. Limited Awareness
      3. Opportunities
         1. Increasing Advancements in Technology
         2. Rising Focus on Precision Agriculture
         3. Decentralized Water Management
      4. Challenges
         1. Subsidy Dependence
         2. After-sales Service
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Water Pumps Market: Pricing Analysis
5. India Water Pumps Market: Marketing Strategies
6. India Water Pumps Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Pump Type
         1. Surface Suction Pumps
         2. Submersible Pumps
         3. Floating Pumps
      2. By Type
         1. Centrifugal
         2.  Positive Displacement
      3. By End User
         1. Agriculture
         2. Domestic Water Supply
         3. Industrial Applications
      4. By Region
         1. North India
         2. South India
         3. East India
         4. West India
7. North India Water Pumps Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Pump Type
      2. By Type
      3. By End User
8. South India Water Pumps Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Pump Type
      2. By Type
      3. By End User
9. East India Water Pumps Market
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Pump Type
      2. By Type
      3. By End User
10. West India Water Pumps Market
    1. Market Size & Forecast, 2019–2030
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Pump Type
       2. By Type
       3. By End User
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Water Pumps Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operation Channel Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Water Pumps Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Havells
    2. C.R.I. Pumps Private Limited
    3. Crompton Greaves Consumer Electricals Limited
    4. Kirloskar
    5. Sulzer Pumps India Private Ltd
    6. Shakti Pumps
    7. Oswal Pumps
    8. Flowserve
    9. KSB
    10. WPIL Limited
    11. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

*Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1       India Water Pumps Market Segmentation

Figure 2       India Water Pumps Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Water Pumps Market Size, By Value (USD Billion), 2019–2030

Figure 5       India Water Pumps Market Share, By Pump Type, By Value (USD Billion) 2019–2030

Figure 6       India Water Pumps Market Share, By Type, By Value (USD Billion) 2019–2030

Figure 7       India Water Pumps Market Share, By End User, By Value (USD Billion) 2019–2030

Figure 8       India Water Pumps Market Share, By Region, By Value (USD Billion) 2019–2030

Figure 9       North India Water Pumps Market Size, By Value (USD Billion), 2019–2030

Figure 10     North India Water Pumps Market Share, By Pump Type, By Value (USD Billion) 2019–2030

Figure 11     North India Water Pumps Market Share, By Type, By Value (USD Billion) 2019–2030

Figure 12     North India Water Pumps Market Share, By End User, By Value (USD Billion) 2019–2030

Figure 13     South India Water Pumps Market Size, By Value (USD Billion), 2019–2030

Figure 14     South India Water Pumps Market Share, By Pump Type, By Value (USD Billion) 2019–2030

Figure 15     South India Water Pumps Market Share, By Type, By Value (USD Billion) 2019–2030

Figure 16     South India Water Pumps Market Share, By End User, By Value (USD Billion) 2019–2030

Figure 17     East India Water Pumps Market Size, By Value (USD Billion), 2019–2030

Figure 18     East India Water Pumps Market Share, By Pump Type, By Value (USD Billion) 2019–2030

Figure 19     East India Water Pumps Market Share, By Type, By Value (USD Billion) 2019–2030

Figure 20     East India Water Pumps Market Share, By End User, By Value (USD Billion) 2019–2030

Figure 21     West India Water Pumps Market Size, By Value (USD Billion), 2019–2030

Figure 22     West India Water Pumps Market Share, By Pump Type, By Value (USD Billion) 2019–2030

Figure 23     West India Water Pumps Market Share, By Type, By Value (USD Billion) 2019–2030

Figure 24     West India Water Pumps Market Share, By End User, By Value (USD Billion) 2019–2030

List of Tables      

Table 1        India Water Pumps Market Size, By Value (USD Billion), 2019–2030

Table 2        India Water Pumps Market Share, By Pump Type, By Value (USD Billion) 2019–2030

Table 3        India Water Pumps Market Share, By Type, By Value (USD Billion) 2019–2030

Table 4        India Water Pumps Market Share, By End User, By Value (USD Billion) 2019–2030

Table 5        India Water Pumps Market Share, By Region, By Value (USD Billion) 2019–2030

Table 6        North India Water Pumps Market Size, By Value (USD Billion), 2019–2030

Table 7        North India Water Pumps Market Share, By Pump Type, By Value (USD Billion) 2019–2030

Table 8        North India Water Pumps Market Share, By Type, By Value (USD Billion) 2019–2030

Table 9        North India Water Pumps Market Share, By End User, By Value (USD Billion) 2019–2030

Table 10      South India Water Pumps Market Size, By Value (USD Billion), 2019–2030

Table 11      South India Water Pumps Market Share, By Pump Type, By Value (USD Billion) 2019–2030

Table 12      South India Water Pumps Market Share, By Type, By Value (USD Billion) 2019–2030

Table 13      South India Water Pumps Market Share, By End User, By Value (USD Billion) 2019–2030

Table 14      East India Water Pumps Market Size, By Value (USD Billion), 2019–2030

Table 15      East India Water Pumps Market Share, By Pump Type, By Value (USD Billion) 2019–2030

Table 16      East India Water Pumps Market Share, By Type, By Value (USD Billion) 2019–2030

Table 17      East India Water Pumps Market Share, By End User, By Value (USD Billion) 2019–2030

Table 18      West India Water Pumps Market Size, By Value (USD Billion), 2019–2030

Table 19      West India Water Pumps Market Share, By Pump Type, By Value (USD Billion) 2019–2030

Table 20      West India Water Pumps Market Share, By Type, By Value (USD Billion) 2019–2030

Table 21      West India Water Pumps Market Share, By End User, By Value (USD Billion) 2019–2030

Table 22      Havells Company Overview

Table 23      Havells Financial Overview

Table 24      C.R.I. Pumps Private Limited Company Overview

Table 25      C.R.I. Pumps Private Limited Financial Overview

Table 26      Crompton Greaves Consumer Electricals Limited Company Overview

Table 27      Crompton Greaves Consumer Electricals Limited Financial Overview

Table 28      Kirloskar Company Overview

Table 29      Kirloskar Financial Overview

Table 30      Sulzer Pumps India Private Ltd Company Overview

Table 31      Sulzer Pumps India Private Ltd Financial Overview

Table 32      Shakti Pumps Company Overview

Table 33      Shakti Pumps Financial Overview

Table 34      Oswal Pumps Company Overview

Table 35      Oswal Pumps Financial Overview

Table 36      Flowserve Company Overview

Table 37      Flowserve Financial Overview

Table 38      KSB Company Overview

Table 39      KSB Financial Overview

Table 40      WPIL Limited Company Overview

Table 41      WPIL Limited Financial Overview