Press release
India Pumps Market Outlook 2025-2033: Urbanization, Agricultural Irrigation & Industrial Applications
India Pumps Market Overview
The India pumps market size reached USD 7.00 Billion in 2024. The market is expected to grow to USD 8.70 Billion by 2033, exhibiting a CAGR of 2.20% during the forecast period of 2025-2033. The expansion is driven by growing infrastructure development, rising agricultural irrigation demand, government investments in water and wastewater treatment, oil & gas sector growth, and advancements in energy-efficient pump technologies.
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India Pumps Market Growth Factors
Infrastructure development, agricultural development, and industrialization are driving the market. Increasing investment in water supply and sanitation schemes is increasing the market for utility-grade pumps. Revamping of irrigation infrastructure and rural electrification are expected to maintain steady demand in the agricultural sector. Industrial modernisation in manufacturing, power generation, processing and other sectors is simultaneously creating a demand for specialist pumps and engineered pumping systems. Consequently, suppliers that successfully combine product performance with strong lifecycle services are well positioned to benefit from the shift towards higher value, higher margin applications and from the move to a total cost of ownership purchasing strategy.
Domestically, multinationals are competing with wider-ranging product portfolios and improved service capabilities, while the foreign multinationals are moving up the competitive scale through technology and system integration. Increasingly popular cooperative purchasing models (between manufacturers, system integrators, and utilities) provide bundled financing, installation and performance guarantees that make large deployments easier for procuring agencies. In addition, sustainability guidelines are accelerating the adoption of energy smart and renewable compatible systems, making long-term demand independent from market shifts in product mixes and pricing. In general, the market is evolving towards value capture through service provision, digitalization, partnerships across the product space and infrastructure and environmental objectives.
India Pumps Market Trends
The pumps market in India is evolving from a commodity-driven environment to a technology and design-led space due to various policy reform, innovation and end-user expectations. Energy efficiency is the key differentiating factor for new pump designs, especially in agriculture and urban utility applications, with end-users preferring energy-efficient pumps that result in lower operating costs and are part of clever control systems. The result has been a trend towards variable speed drives, remote monitoring and system level diagnostics, and the treatment of pumps as an integral part of water and energy management. In addition, with increasing deployment of renewable power in rural and off-grid areas, the product mix is increasingly being designed to meet the needs of intermittent power and decentralized energy systems.
Urbanization and expanding wastewater treatment programmes are driving durable, corrosion-resistant designs and packaged pumping stations that reduce installation and maintenance work for municipal wastewater operators. Industry manufacturers are focused on precision and reliability to ensure process control and uptime, and are responding to more stringent environmental directives by providing high-quality equipment that is designed for long life and lifecycle management. In addition, local manufacturing capacity and regional distribution networks become competitive advantages. Likewise, lead time and service footprint become important factors for customers. As a result, leading local manufacturers and international suppliers establish wide-ranging aftersales service networks and enter into predictive service contracts with customers to establish long-term relationships.
India Pumps Market Recent Developments & News
• February 2025: Shakti Pumps invested Rs 6 crore in its subsidiary Shakti EV Mobility by subscribing to 60,000,000 equity shares, totaling Rs 45 crore investment.
• April 2024: Grundfos Pumps India committed to being "water positive" by 2025 and net zero by 2050. It has initiated solar-powered operations at its Ahmedabad factory and experimentation with circulator water pumps.
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India Pumps Market Segmentation
Product Type Insights:
• Centrifugal Pump
• Axial Flow Pump
• Radial Flow Pump
• Mixed Flow Pump
• Positive Displacement Pump
• Reciprocating Pump
• Rotary Pump
• Others
Application Insights:
• Agriculture
• Construction and Building Services
• Water and Wastewater
• Power Generation
• Oil and Gas
• Chemical
• Others
India Pumps Market Regional Insights
• North India
• South India
• East India
• West India
India Pumps Market Key Players
The report offers an in-depth examination of the competitive landscape, including market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key Questions Answered in This Report
Q1. How big is the pumps market in India?
A1. The pumps market in India was valued at USD 7.00 Billion in 2024.
Q2. What is the future outlook of the pumps market in India?
A2. The India pumps market is projected to exhibit a CAGR of 2.20% during 2025-2033, reaching a value of USD 8.70 Billion by 2033.
Q3. What are the key factors driving the India pumps market?
A3. The India pumps market is driven by rapid industrialization, growing infrastructure projects, and increased demand from sectors like agriculture, water management, and manufacturing. Additionally, technological advancements, government initiatives for water supply and irrigation, and rising industrial automation needs contribute to the market growth, alongside a focus on energy-efficient and durable pump solutions.
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