India Submersible Water Pumps Market By Type (Borewell, Openwell & Non-Clog), By Mode of Operation (Multi-stage & Single-Stage), By End Use (Agriculture, Municipal, Industrial, Water & wastewater & Others), Competition, Forecast & Opportunities, 2024

The Indian submersible water pumps market was valued at $ 565 million in 2018 and is projected to grow at a CAGR of over 10% and cross $ 1 billion by 2024. Anticipated growth in the market can be attributed to growth in agriculture sector and rising water scarcity in India. Moreover, the government of India is focusing on improving the country’s agriculture sector by boosting investments into the sector. The government is also providing highly subsidized power supply to farmers, which is likely to push the demand for submersible water pumps from this sector. Additionally, rapidly growing industrial activities are further expected to positively influence the Indian submersible water pumps market in the coming years.

Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast the Indian submersible water pumps market size.
• To define, classify and forecast the Indian submersible water pumps market on the basis of type, mode of operation, end-use and regional distribution.
• To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting the Indian submersible water pumps market into four regions, namely, North, West, East and South.
• To identify tailwinds and headwinds for the Indian submersible water pumps market.
• To strategically profile leading players operating in the Indian submersible water pumps market.

Some of the major players operating in the Indian submersible water pumps market are CRI Pumps Private Limited, Kirloskar Brothers Limited, Crompton Greaves Consumer Electrical Ltd., KSB Pumps Limited, Texmo Industries, Shakti Pumps India Limited, Pluga Pumps and Motors Pvt Ltd, Lubi Industries LLP, La-Gajjar Machineries Pvt. Ltd., Oswal Pumps Ltd., and Falcon Pumps Pvt. Ltd.

Primary as well as exhaustive secondary research was conducted for this study. Initially, the researchers sourced a list of submersible water pumps companies in India. Subsequently, primary research surveys were conducted with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the researchers were able to include companies that could not be identified due to the limitations of secondary research could be included. Product offerings, end-users and regional presence of all major submersible water pump suppliers across India.

The Indian submersible water pumps market size was calculated by using a bottom-up approach, wherein manufacturers’ value sales data for different product types was recorded as well as forecast for the future years was made. Secondary sources such as company annual reports, Ministry of Corporate Affairs, Ministry of Oil & Gas, World Bank, Press Releases, Industry Magazines, Industry Reports, News Dailies, Credible Paid Databases, Proprietary Databases, etc., were also studied.

Key Target Audience:

• Submersible water pump manufacturers, suppliers, distributors and other stakeholders
• Associations, organizations and alliances related to submersible water pumps
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as submersible water pump manufacturers, distributors, dealers and policy makers. The study would also help them in deciding which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, the Indian submersible water pumps market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Product Type:

• Borewell
• Openwell
• Non-Clog

Market, by Mode of Operation:

• Single-stage
• Multi-stage

Market, by End-Use:

• Agriculture
• Residential
• Municipal
• Water and Wastewater
• Industrial
• Others

Market, by Region:

• North
• South
• East
• West

Market, by Company:

• CRI Pumps Pvt. Ltd.
• Kirloskar Brothers Limited
• Crompton Greaves Consumer Electrical Ltd
• KSB Pumps Limited
• La-Gajjar Machineries Pvt. Ltd.

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of type.
Voice of Customer: Customer analysis by considering parameters, such as brand awareness, brand satisfaction, purchase decision influencers and challenges & unmet needs.

Company Profiles: Detailed analysis of the major companies present in the Indian submersible water pumps market.

Available Customizations:

With the given market data, customizations are offered according to a company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

• Detailed list of distributors and dealers across the country.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Product Information

• Detailed analysis of new products and their driving forces in the market.