The ‘India Pump Sets Market Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the India pump sets market, assessing the market on the basis of its segments like types, product equipment types, applications, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
India Pump Sets Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.40%
The India pump sets market is expanding steadily, and it is predicted to thrive throughout the forecast period as a result of rapid urbanisation, industrialisation, and population expansion. The growing use of pump sets to pump water, solvents, organics, acids, and bases in the industrial sectors like agricultural and chemical, among others, is also driving the market growth in India.
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The oil and gas sector is increasingly using pump sets to carry out several duties, including injecting methanol, pumping glycol, and processing chemicals. Thereby, the country’s booming oil and gas sector is favouring the India pump sets market demand.
Although the market growth can be hindered by the possibility of failure and mechanical problems in pump sets, the development of advanced pumps with innovative features, including predictive maintenance, is expected to aid the market in the forecast period.
India Pump Sets Industry Definition and Major Segments
A device that raises the total mechanical energy of a liquid or a gas is referred to as a pump set. The pump set produces a mechanical force to move or position a liquid or gas in an industrial context. It is widely used in various end-use sectors, including agriculture and oil and gas, among others.
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The India market for pump sets, by type, can be bifurcated into:
• Centrifugal
• Positive Displacement
Based on product equipment type, the market is divided into:
• Submersible Pumps
• Multistage Pumps
• End-Suction Pumps
• Split Case Pumps
• Engineered Pumps
• Others
Based on application, the market is segmented into:
• Agriculture
• Non-Agriculture Irrigation
• Domestic
• Industrial
• Others
The major regions in the market include:
• Northern Region
• Southern Region
• Western Region
• Eastern Region
India Pump Sets Market Trends
The India pump sets market demand is expected to be aided by the robust growth of various end-use sectors, including food and beverage, mining, pulp and paper, and water treatment, among others.
Throughout the projected period, oil output is anticipated to rise as a result of cost-effectiveness and technological advancements in deepwater and ultra-deepwater drilling, which is likely to boost the usage of pump sets.
The market for pump sets in India is anticipated to be further propelled by innovative product development and technological advancements. Major key players place a strong emphasis on enhancing the design of pump sets in order to boost their business profitability.
Key Market Players
The major players in the India pump sets market report include
• Kirloskar Brothers Ltd
• CRI Pumps Private Ltd
• KSB Limited
• Crompton Greaves Consumer Electricals Ltd
• Sulzer Pumps India Ltd
• Grundfos
• Texmo Industries
• Shakti Pumps India Ltd
• WPIL Ltd
• others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players
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