Press release
Rapid Urbanisation and Depleting Ground Water Level facilitated the Growth in India Domestic Pump Market (Less than 2.5 HP): Ken Research Analysis
In FY’2020, the penetration of online channel in India Domestic Pump Market has been less than 1%. All online orders for domestic pumps are processed through dealers. Major products demanded through online channel are mini monoblock and pressure booster pumps.
Submersible Pumps, Mini Monoblock and Pressure Booster Pumps have been the most demanded domestic pumps categories (less than 2.5 HP) in India. Maharashtra, Tamil Nadu, Gujarat, Karnataka, Telangana, Kerala and Delhi NCR have been the major demand regions for Domestic Pumps in India.
Rise in Construction Activity: Rise in construction activity and housing projects will have a direct impact on the demand for domestic pumps in India. The rise in demand for residential properties is driven by increased urbanization and rising household income. Various government initiatives are in practice such as Pradhan Mantri Awas Yojana (PMAY) and Smart City projects to improve the housing functioning in India. Under the, Pradhan Mantri Awas Yojana, the government targeted to construct 2.95 crore houses with basic amenities by 2022.
Challenges in India Domestic Pump Market: The domestic pump market in India faces many challenges such as strong hold of the unorganized sector, lean demand during rainy season, coordination with channel partners and limited technical expertise. The unorganized players offer products at a low price and offer replacement warranty of 12-24 months in contrast to organized players who offer a repair warranty of 12-24 months. This has placed immense pressure on organized players in terms of cost and maintaining the quality of the product at the same time, squeezing their overall margins.
For More Information on the research report, refer to below link:-
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/india-domestic-pump-market/368048-97.html
Integration of Artificial Intelligence in Business Operations: Pump manufacturers in India have been continuously investing in R&D to produce pumps with cutting edge technologies. Earlier pump manufacturers focused on hydraulics, today the measurement, instrumentation, software & cloud solutions have gained importance over the years. For instance, Grundfos uses AI in water pumps maintenance by placing smart sensors on them. This enables the company to run predictive analytics and take measures before a problem occurs in the pump.
According to the report by Ken Research titled “India Domestic Pumps (Less than 2.5 HP) Market Outlook to 2025- Market Driven by Depleting Ground Water Level and Rise in the number of Housing Projects” the Domestic Pump Market (Less than 2.5 HP) on the basis of revenue was valued at INR 5,103.5 Crores in FY’2020. The industry is positioned to be in maturity phase and the demand is expected to grow owing to depleting ground water level, rapid urbanisation and region expansion and product portfolio diversification.
Keywords:-
India Domestic Pumps Market
India Domestic Pumps Industry
India Domestic Pumps (Less than 2.5 HP) Market
India Domestic Pumps (Less than 2.5 HP) Industry
India Domestic Pumps Market Revenue
India Domestic Pumps Market Major Players
India Domestic Pumps Market Future Outlook
Covid-19 Impact India Domestic Pumps Industry
Covid-19 Impact India Domestic Pumps Market
2.5 HP Pumps Market Revenues India
Organized 2.5 HP Pumps Market India
Unorganized 2.5 HP Pumps Market India
Artificial Intelligence (AI) In India Pump Market
India Pump Export Market
India Pump Import Market
Electric Consumer Durables Companies
Global & Domestic Pump Manufacturers
India Residential Pump Sales Market
India Domestic Pump Average Price
Mini Monoblock Pump Market Sales India
India Borewell Submersible Pump Market Sales
Number of Manufacturers India Domestic Pumps Market
India Pressure Booster Pump Sales Market
Dealer Margin Domestic Pumps Market India
Distributor Margin Domestic Pumps Market India
Retailer’s Margin Domestic Pumps Market India
Domestic Pump Sales Market Maharashtra
Domestic Pump Sales Market Delhi NCR
Domestic Pump Sales Market Tamil Nadu
Domestic Pump Sales Market Karnataka
Domestic Pump Sales Market Kerala
Gujarat Domestic Pump Sales Market
Telangana Domestic Pump Sales Market
West Bengal Domestic Pump Sales Market
Madhya Pradesh Domestic Pump Sales Market
Bihar Domestic Pump Sales Market
Uttar Pradesh Domestic Pump Sales Market
Margins Domestic Pump Sales
India Domestic Pump Sales 0.5 HP
India Domestic Pump Sales 0.5- 1.0 HP
India Domestic Pump Sales 1.0- 1.5 HP
India Domestic Pump Sales 1.5-2.0 HP
Key Segments Covered:-
By Market Structure
Organized Market
Unorganized Market
By Pump Type
Mini Monoblock Pumps
Borewell Submersible Pumps
Pressure Booster Pumps
Other Pumps
By Motor Rating
0.5 HP
0.5-1.0 HP
1.0-1.5 HP
1.5-2.0 HP
By State
Maharashtra
Tamil Nadu
Gujarat
Karnataka
Telangana
Kerala
Delhi NCR
West Bengal
Madhya Pradesh
Bihar
Other States
By Distribution Channel
Dealer and Distributor Network
Direct Sales Channel
Online Sales Channel
Companies Covered:-
Crompton
Kirloskar
Texmo Industries (Texmo and Taro)
Lubi Pumps
V-Guard
C.R.I. Pumps
Aqua Group (Texmo and Aquatex)
Lagajjar (Varuna Pumps)
Usha Pumps
Havells
KSB Group
Suguna Pumps
Grundfos
Shakti Pumps
CG Power
Mahendra Pumps
Duke
Polycab
Bindhu Pumps
Kumar Pumps
Deccan Industries
ESPA
Key Target Audience:-
Global & Domestic Pump Manufacturers
Pump Distributors
Pump Importers
Government Associations
Electric Consumer Durables Companies
Private Equity and Venture Capitalists firms
Time Period Captured in the Report:-
Historical Period: FY’2015-FY’2020
Forecast Period: FY’2021-FY’2025
Related Reports:-
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/india-plastic-pipes-fittings-market-forecast-2026-/154988-97.html
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/competition-benchmarking-in-global-pumps-market/262369-97.html
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/competition-benchmarking-in-vietnam-pumps-market/233279-97.html
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. Ken Research provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving over 70% of fortune 500 companies globally, some of top consulting companies and Market leaders seek Ken Research’s intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
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