India Water Pumps Market to Reach US$ 2.8 Billion 2024-2032, Driven by 4.5% CAGR: IMARC Group

The latest report published by IMARC Group, titled "India Water Pumps Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on India water pumps market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The India water pumps market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.

Water pumps are essential mechanical devices designed to move and distribute water from one location to another. They play a crucial role in various applications, ranging from domestic settings to industrial and agricultural environments. Water pumps operate by converting mechanical energy into hydraulic energy, effectively moving water against gravity, pressure, or resistance. In domestic settings, water pumps are commonly used for supplying water to households, garden irrigation, and pool circulation. These pumps ensure a consistent and reliable water supply for everyday needs, making them indispensable in ensuring the functionality and convenience of modern living. In agriculture, water pumps are employed for irrigation purposes, delivering water to crops and fields to enhance agricultural productivity. By efficiently distributing water, pumps contribute to higher crop yields and reduced water wastage, particularly in areas where water resources are scarce.

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Market Trends:

The market in India is driven by the increasing access to water supply infrastructure. Water pumps play a crucial role in various sectors, including agriculture, manufacturing, construction, and domestic use, by facilitating the movement and distribution of water for irrigation, industrial processes, and everyday consumption. Moreover, agriculture remains a vital contributor to the country's economy, and water pumps are essential for irrigation in regions with irregular rainfall patterns. As farmers seek to enhance productivity and crop yield, the demand for efficient water pumping solutions has risen, augmenting innovation and competition within the market. Rapid urbanization and industrial growth have led to higher demands for water supply and wastewater management. Water pumps are indispensable for providing clean water to urban households, as well as for industrial processes such as cooling, circulation, and wastewater treatment.

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India Water Pumps Market Segmentation:

Our report has categorized the market based on region, type, pump type, pump capacity and application.

Breakup by Type:
• Centrifugal
• Positive Displacement

Breakup by Pump Type:
• Submersible Pumps
• Multistage Pumps
• End Suction Pumps
• Split Case Pumps
• Engineered Pumps
• Others

Breakup by Pump Capacity:
• Up to 3 HP
• 3-5 HP
• 5-10 HP
• 10-15 HP
• 15-20 HP
• 20-30 HP
• More Than 30 HP

Breakup by Application:
• Agriculture
• Building Services
• Water and Wastewater
• Power
• Oil and Gas
• Lift Irrigation
• Others

Breakup by Region:
• North India
• West and Central India
• South India
• East India

Key highlights of the report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.