India Water Pumps Market is set to grow due to rising demand for domestic and industrial water, along with increasing government initiatives and investments in the coming years.
According to the TechSci Research report, “India Water Pumps Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029,” the Indian water pumps market is witnessing a significant surge in demand during the forecast period.
One of the key drivers of the market is the modernization of the agricultural sector and the expansion of irrigation practices. Agriculture remains a cornerstone of the Indian economy, with a large portion of the population relying on farming for their livelihood. As farmers increasingly adopt advanced irrigation techniques to boost crop yields and cope with erratic rainfall, the demand for efficient water pumps is rising.
The Green Revolution, which began in the 1960s, laid the foundation for modern agricultural practices. Today, there is a continuous push for technological advancements, and water pumps play a crucial role in ensuring a consistent and reliable water supply, particularly in regions with insufficient rainfall. Government incentives and subsidies further encourage farmers to invest in high-performance water pumps, driving market growth. The relationship between agricultural development and the water pumps market highlights the importance of these devices in supporting food production and economic stability in India.
Government initiatives aimed at improving rural water management are also a key factor in driving market growth. Programs like the Pradhan Mantri Krishi Sinchai Yojana (PMKSY) and the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) focus on enhancing irrigation infrastructure and electrification in rural areas. These initiatives often include subsidies for the installation of water pumps, enabling farmers to adopt modern irrigation systems.
By promoting efficient water usage and management, the government plays an essential role in boosting the demand for water pumps, particularly in rural regions. As these efforts align with broader sustainability goals, they significantly contribute to the growth and expansion of the water pumps market across India.
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The India Water Pumps Market is segmented into type, application, pumps type and region.
Based on type, Centrifugal segment dominated the India Water Pumps market with a market share of 93.19% in 2023.
Centrifugal pumps are very versatile for long term usage. They are used to pump water of a wide range of viscosities, from thin liquids like water to thick liquids like sewage. They are relatively low-maintenance. They have few moving parts, which makes them less likely to break down. These factors are driving the centrifugal segment growth in the India Water Pumps Market.
The Indian government has been steadily increasing infrastructure spending in recent years. For financial year 2023, the budget allocated for infrastructure projects was around INR 7.5 lakh crore (approximately USD 92 billion). This significant investment indicates a continued focus on infrastructure development.
India is focusing on industrialization, thereby supporting the growth of centrifugal pumps. For instance, initiatives like Make in India, Digital India, and Startup India have given the much-needed thrust to the Electronics System Design and Manufacturing (ESDM) sector in India.
Additionally, as of June 2023, India heavily relies on thermal power sources for generating electricity, with a total installed capacity of 237.26 GW, accounting for more than 56% of the country’s electricity generation capacity.
Hence, it is recommended that the key market players in the India Water Pumps market concentrate on the Centrifugal pumps segment to capitalize on favorable market prospect.
Based on application, Agriculture segment dominated the India Water Pumps market with a market share of 26.06% in 2023.
In agriculture, water pumps are used to lift water from canals and rivers. Water pumps are used to pressurize water and distribute it through sprinkler heads, which evenly spray water over crops. Thus, the growing demand for food and the increasing need to irrigate crops in arid and semi-arid regions are driving the growth of the India water pumps market. Additionally, the increasing adoption of smart and solar-powered water pumps is expected to further boost the market growth in the coming years.
India is one of the major players in the agriculture sector worldwide and it is the primary source of livelihood for ~55% of India’s population. India is the world’s 2nd largest producer of food grains, fruits and vegetables and the 2nd largest exporter of sugar. Owing to this, a large number of pumps are required in the sector.
Thus, the India Water Pumps market players are advised to focus on this Agriculture segment to capitalize on lucrative market opportunities.
Major companies operating in the India Water Pumps Market are:
- Kirloskar Brothers Limited
- C.R.I. Pumps Private Limited
- Crompton Greaves Consumer Electricals Limited
- KSB Limited
- Sulzer Pumps India Private Ltd.
- Taro Pumpsets Private Limited
- WILO Mather and Platt Pumps Private Limited
- Grundfos Pumps India Private Ltd.
- Shakti Pumps (India) Limited
- WPIL Limited
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“The India Water Pumps Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The Indian water pumps market is propelled by robust government-led agricultural reforms, emphasizing modernization and irrigation expansion. Initiatives like the Pradhan Mantri Krishi Sinchai Yojana (PMKSY) provide financial incentives, driving the demand for advanced water pumps among farmers.
As agriculture remains a linchpin of the economy, these strategic reforms align with the nation’s goal of enhancing crop productivity and securing sustainable water management. Consequently, the market witnesses a surge in demand for high-efficiency water pumps, reflecting the synergistic relationship between government policies and the growth trajectory of the Indian water pump industry. Therefore, the Market of Water Pumps is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“India Water Pumps Market By Type (Centrifugal & Positive Displacement), By Application (Agriculture, Building Services, Water & Wastewater, Power, Oil & Gas, Lift Irrigation, and Others), By Pump Type (Submersible Pumps, Multistage Pumps, End Suction Pumps, Positive Displacement Pumps, Split Case Pumps, Engineered Pumps), By Region, By Competition”, has evaluated the future growth potential of India Water Pumps Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India Water Pumps Market.
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