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India Pumps Market Outlook to 2019 - Driven by Government Investments and Technological Advancements

Licenses:Single User: USD 900Hard Copy: USD 1,200Enterprise wide: USD 1,600Pages: 121 Related ReportsIndonesia Construction Equipment Industry Outlook to 2017 - Hydraulic Excavators and Earthmoving Equipments Gaining TractionAsia Pacific Construction Machinery Market Outlook to 2016 - China Leading the Industry GrowthChina Construction Machinery Industry Outlook to 2016 - Expected to Register Phenomenal Growth Key Highlights of the Report- Discussed leading players, profile, market share and product portfolio- Market statistics from 2010 to 2014 and forecast from 2015to 2019 in value terms- Detailed discussion of the market segments- Regulatory and macro economy environment- Opportunities led by market developments

Pumps market in India is relatively fragmented and has evolved significantly over the years in terms of technology. The initiatives and regulations undertaken by the government has positively influenced the market growth and led to its continuous development over the years. The pumps market in India has been majorly impacted by the expansion in infrastructure sector over the years. However, over the period of FY2012-FY2014 the market has witnessed sluggish growth owing to multiple factors such as rising inflation, falling demand for pumps due to lack of government investment in end use sectors, rising raw material costs and poor global economic conditions.On the basis of type, pumps can be segmented into centrifugal pumps and positive displacement pumps. In FY2014, centrifugal pumps account for ~% of the sales of pumps in India since they have higher utility as compared to positive displacement pumps. On the basis of end use, pumps could be segregated into industrial pumps and agricultural and domestic pumps. The industrial pumps segment is primarily utilized in end use segments including oil & gas, power generation, metals & mining, water and waste water and chemicals & others. On the other hand, agricultural and domestic pumps are usually utilized in agriculture and building services. In FY2014, the Industrial Pumps segment contributed 54.0% in the total revenue generated by the market as industrial pumps are in more demand as compared to agricultural and domestic pumps combined together.

India Pumps Market is highly fragmented with 800 manufacturers spread across the country. Out of the total manufacturers in the market, a majority are small and medium players in the unorganized sector. A majority of the unorganized players are involved into manufacturing of agricultural and domestic pumps in the country. -higher utility as compared to positive displacement pumps. On the basis of end use, pumps could be segregated into industrial pumps and agricultural and domestic pumps. The industrial pumps segment is primarily utilized in end use segments including oil & gas, power generation, metals & mining, water and waste water and chemicals & others. On the other hand, agricultural and domestic pumps are usually utilized in agriculture and building services. In FY2014, the Industrial Pumps segment contributed ~% in the total revenue generated by the market as industrial pumps are in more demand as compared to agricultural and domestic pumps combined together.

INDIA PUMPS MARKET: PAST AND FUTURE GROWTH TRENDS

Figure: Planned Investments in Infrastructure in INR Billion

India Pumps Market Size on the Basis of Revenues, 2010-2014

India Pumps Market Future Projections on the Basis of Revenues, 2015-F2019

The pumps market in the country is set to witness exponential growth during FY2015 FY2019. The market size of the India Pumps Market in terms of revenue generated is expected to increase at CAGR of 17.5% during the period of FY2015 FY2019. The demand for pumps will primarily be driven by large scale investment which the Indian government has announced for infrastructural development in the country.Increased investments in the irrigation and oil and gas sectors will create an upsurge in the demand for pumps. Deregulation of the exploration and production industry with the New Exploration and Licensing Policy (NELP), planned increase in the refining capacity, huge investments in the petrochemical industry and irrigation projects, among others, are poised to fuel the demand for pumps. Though the demand for pumps is set to increase in the coming years, the profit margins will reduce owing to rising raw material costs. The market is expected to witness increasing consolidation owing to the pressurized profit margins which would largely affect the profitability of small and medium enterprise owners.

Section ReviewIn 2014 Centrifugal Pumps led the market with percentage contribution of 95.0% The contribution of agricultural and domestic segment increased during the period of 2012-2014 The industrial segment contributed dominant share in the total revenue generated by the India Pumps Market in 2014

On the basis of product type, pumps can be classified into centrifugal pumps and positive displacement pumps. Centrifugal pumps are utilized for increasing the flow of liquids whereas Positive displacement pumps serve the purpose of maintaining a constant flow. Depending on the function performed by the two types of pumps, Centrifugal pumps find higher utility in the end use markets as compared to positive displacement pumps which has been substantiated by their respective revenue contribution in FY2014. Centrifugal pumps dominated the market with 95.0% share in the total market size and positive displacement pumps made a minor contribution of mere 5.0%. On the basis of end use, pumps could be divided into Industrial and Agricultural & Domestic category. Industrial use of pumps entails application of pumps in Oil & Gas,

Metals & Mining, and Power etc whereas Agricultural & Domestic end use segment constitutes use of pumps for irrigation and other agriculture related activities and building services. During the period of FY2012-FY2014, the contribution of industrial segment has decreased whereas the contribution of agricultural and domestic segment has increased. In FY2012, the agricultural and domestic segment generated 43.0% of the total revenue which increased to 46.0% in FY2014. On the other hand the industrial segment garnered 57.0% market share in FY2012 which contracted to 54.0% in FY2014. This increase in the revenue generated by the agricultural and domestic segment was due to increasing demand of energy efficient pumps in the agricultural sector.

WHAT ARE THE MAJOR SEGMENTS DRIVING CHANGE?

Table: India Pumps Market Segmentation on the Basis of Revenues from Centrifugal Pumps and Positive Displacement Pumps in INR Billion, FY2014Table: India Pumps Market Segmentation by End Use on the Basis of Revenues in INR Billion, FY2012-FY2014

CategoryFY2014Centrifugal PumpsPositive Displacement Pumps

CategoryFY2012FY2013FY2014Industrial Agricultural & Domestic

COMPANIES CITED IN THE REPORTCompetitive Landscape

ParticularsCompanies MentionedKirloskar Brothers LimitedKSB PumpsShakti PumpsWPIL LimitedJyoti LimitedRoto PumpsProducts MentionedEnd Suction Pumps, Split Case Pumps, Multi Stage Pumps, Monobloc Pumps and Submersible PumpsCompetitionKirloskar Bothers Limited was the largest player in the India pumps market. Kirloskar brothers Limited is engaged in the manufacturing of agricultural, domestic as well as industrial pumps. KSB Pumps is the second largest player in the market. The company has been focusing on the standard products segment for the energy sector. apart from the two large players, the India pumps market is highly fragmented in terms of market share and number of players

Product Portfolio of Major Players in India Pumps Market

CompanyProduct SpecificationKirloskar Brothers Limited The company manufactures multiple variants of End Suction Pumps, Split Case Pumps, Multi Stage Pumps, Special and Engineered Pumps, Monobloc Pumps, Submersible Pumps and Sump Pumps which have domestic, agricultural as well as industrial applicationsKSB Pumpshe company Manufactures Horizontal and Vertical Centrifugal Pumps, Monobloc Pumps, Pressure Booster Pumps and Submersible Pumps with applications in the domestic, agriculture and industrial sectorsTShakti Pumps The company manufactures Submersible Pumps, Vertical Multistage Centrifugal Pumps, Pressure Booster Pumps, Self Priming Pumps, Open Well Pumps and End Suction Pumps which have widespread water and waste water applications in the domestic and agricultural sectorsWPIL LimitedThe company manufactures Vertical Turbine Pumps, Vertical Mixed Flow and Axial Flow Pumps, Bore Well Pumps, Bottom Suction Type Pumps and Horizontal Centrifugal Pumps with applications in the power, irrigation, municipal and industrial sectors Jyoti LimitedThe company manufactures Vertical Turbine Pumps, Vertical Mixed Flow Pumps, Metallic Volute Pumps, Vertical Propeller Pumps, Horizontal Split Casing Pumps, Vertical Non Clog Centrifugal Pumps and Horizontal Non Clog Centrifugal Pumps which fulfill the water supply needs of industrial, domestic and agricultural sectors Roto PumpsThe company manufactures Progressive Capacity Pumps and Twin Screw Pumps with applications in the mining, chemicals, varnish & ink, milk, curd, light, paper, sugar, edible oil, distillation and steel industries

KEY FACTORS CONSIDERED IN THE REPORTComprehensive analysis of the India pumps market and its segmentsMarket is presented by types of pumps, by end users and by manufacturing clustersListed major players and their positioning in the marketIdentified major industry developments in last few years and assess the future growth of the marketRegulatory framework help to understand investment opportunities and complexity involved

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