Press release
India Submersible Pumps Market (2017-2023)-6Wresearch
India Submersible Pumps Market (2017-2023)-6Wresearch
Growing urbanization and industrialization as well as increasing public & private infrastructural development activities have propelled the demand for submersible pumps in India. Further, need for better and advanced water pumping solutions in several applications has also driven the growth of submersible pumps in India. Additionally, features such as low maintenance cost, energy efficient, less noise, and water proof are providing an added advantage over the traditional pumps.
According to 6Wresearch, India submersible pumps market is forecast to grow at a CAGR of 9.2% during 2017-23. Openwell submersible pumps registered major chunk of the market on account of its adoption majorly in the agriculture sector. However, with rising residential & commercial and industrial applications coupled with declining ground water level and rising demand for water supply, borewell submersible pumps are expected grow at a higher pace during the forecast period.
According to Prijo Samuel, Assistant Research Manager, Research and Consulting, 6Wresearch, “In 2016, the agriculture application acquired major market revenue share in submersible pumps market, followed by the residential & commercial, and industrial applications in India. Declining fresh water resources, rising residential & commercial application projects, and technological advancement in pumping activities such as variable frequency drives are expected to be the key growth drivers for submersible pumps over the coming years.”
“Additionally, in terms of region, the Southern region captured major revenue share in 2016, followed by the Northern, and rest of the regions. Southern region’s growth was majorly attributed to industrial development across several cities, predominantly, Bangalore, Hyderabad, and Kochi. In case of the Western region, major demand was registered from states such as Maharashtra and Gujarat, which are further projected to grow during the forecast period, owing to rising demand for public water supply and industrial expansion,” He Further quoted.
Browse Press Release: http://www.6wresearch.com/press-releases/india-submersible-pumps-market-share-trends-forecasts-size-growth-opportunity-cagr-players-media-news.html
According to Nikunj Shrivastava, Research Associate, Research and Consulting, 6Wresearch, “Increasing adoption of submersible pumps in industries is buoyed by rising industrial applications such as firefighting, sewage pumping, and industrial water and oil extraction. The oil & gas industry holds majority of the market share followed by water & sewage, and power utilities. Other key industries such as chemical, construction, and mining have also played considerable role in shaping the overall submersible pumps market in India.”
Moreover, rise in demand for petroleum products, clean water for residential & commercial usage, and need for continued power supply particularly in rural areas, are driving the demand for submersible pumps. Also, Government infrastructure projects such as Bharatmala Project and AMRUT (aimed at providing basic services such as water supply, transport, sewage) are also likely to spur the demand for submersible pumps market over the coming years,” Nikunj concluded.
India is emerging as one of the most lucrative market for submersible pumps manufacturers. The market comprise of over 800 submersible pump manufacturers; wherein, major share is captured by small players. However, increasing awareness towards star rated and energy efficient pumps, and the cost associated with them in the long run are providing substantial growth opportunities to the international players to increase their exposure in India.
Major companies for India Submersible Pumps Market are Shakti Pumps Ltd., Oswal Pumps Ltd., Kirloskar Brothers Ltd., CRI Pumps Ltd., Texmo Industries Pvt. Ltd., KSB Pumps Ltd., Crompton Greaves Consumer Electricals Ltd., WPIL Ltd., and V-Guard Industries Ltd.
India Submersible Pumps Market (2017-2023) report provides in-depth analysis with 40 figures and 7 tables covered in more than 105 pages. The report estimates and forecast the overall India submersible pumps market by revenues, type, applications, regions, and industries such as Oil & Gas, Water & Sewage, Power Utilities, Construction, Mining, Chemical, and others. The report also offer insights on competitive landscape, companies benchmarking, company profiles, market drivers, and restraints.
Buy Report @ http://www.6wresearch.com/market-reports/india-submersible-pumps-market-2017-2023-forecast-by-types-openwell-borewell-applications-regions-competitive-landscape.html
For Further details, please contact:
Email Us: sales@6wresearch.com
Call Now: +91-11-430-24-305
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Delhi/NCR Office
1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA, New Delhi-110034
Phone: +911143024305
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Submersible Pumps Market (2017-2023)-6Wresearch here
News-ID: 769469 • Views: …
More Releases from 6Wresearch- Market Intelligence Solutions
Why the Global Plums Market is Growing Steadily with Advancements in Cultivation …
The global plums market is witnessing a massive surge in the recent years, which is due to some major factors, such as a rise in the consumer demand for nutritious fruits and rising awareness of the health benefits associated with stone fruits. Plums have rich content of vitamins, antioxidants, and dietary fiber, along with their natural sweetness and versatility in fresh and processed forms, which make them the most demanding…
Understanding the Growth of the Global Vitamin E Market
The global Vitamin E market growth has been increasing over the past few years as it is influenced by some major factors, which include increasing awareness of the health benefits of Vitamin E and the rising demand for nutraceuticals and personal care products. Vitamin E has various antioxidant properties, which help protect cells from oxidative damage, thereby its use across dietary supplements, skincare products, and pharmaceuticals is increasing. Also, the…
Understanding the Growth of the Global Quinoa Market
The global quinoa market growth is estimated to surge in the coming years, which is mainly driven by a rise in the consumer preferences for nutritious and plant-based food products. Quinoa demand is on the rise in the country, which is due to the rising health awareness and changing dietary habits. Quinoa is a versatile ingredient in various cuisines and is widely consumed into daily meals, especially in salads, snacks,…
Future Opportunities and Emerging Models in the Insurance Market
The global insurance market is witnessing steady growth worldwide. It is the most important part of the financial sector as it offers protection against risks and uncertainties. Furthermore, Insurance provides security for individuals, families, and businesses. The rising awareness of financial planning, growing incomes, urbanization, and the digital transformation of financial services are boosting the market growth. Moreover, governments and private players are also supporting the market expansion.
According to 6Wresearch,…
More Releases for India
India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil …
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035).
India Smart Air Purifier Market Overview
The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced features…
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…
