India Industrial Pumps Market Size & Outlook, 2023-2030
India industrial pumps market, 2018-2030 (US$M)
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India industrial pumps market highlights
- The India industrial pumps market generated a revenue of USD 3,839.4 million in 2023 and is expected to reach USD 5,655.4 million by 2030.
- The India market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, centrifugal pump was the largest revenue generating product in 2023.
- Positive Displacement Pump is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial pumps market data book summary
| Market revenue in 2023 | USD 3,839.4 million |
| Market revenue in 2030 | USD 5,655.4 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal pump |
| Fastest growing segment | Positive Displacement Pump |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Centrifugal Pump, Positive Displacement Pump |
| Key market players worldwide | Flowserve Corp, Sulzer AG, Pentair PLC, ITT Inc, Schlumberger Ltd, Ebara Corp, Weir Group PLC, Ingersoll Rand Inc, Grundfos |
Other key industry trends
- In terms of revenue, India accounted for 8.7% of the global industrial pumps market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial pumps market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,655.4 million by 2030.
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Industrial Pumps Market Scope
Industrial Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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India industrial pumps market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial pumps market will help companies and investors design strategic landscapes.
Centrifugal pump was the largest segment with a revenue share of 67.37% in 2023. Horizon Databook has segmented the India industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
India is one of the major developing countries in Asia Pacific. Major industries contributing to the country’s economic development include food & beverage, textiles, iron & steel, paper, automobile, petrochemical, and information technology. However, the outbreak of COVID-19 pandemic in the country is expected to severely impact its economic growth.
According to the IMF, India’s GDP growth declined by 8% in 2020 due to COVID-19. The entire country was in lockdown for a few months, which impacted the country’s GDP growth significantly. According to IMF, GDP growth in 2021 was 9.5% and is expected to be 8.5% in 2022.
The pandemic resulted in reduced product demand from end-use industries in 2020, thus negatively impacting the industrial pumps market in India. However, from the beginning of 2021, all end-use industries started their businesses and production units, which is expected to boost the market growth.
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Our clientele includes a mix of industrial pumps market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into India industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India industrial pumps market size, by product, 2018-2030 (US$M)
India Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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