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India Pumps Market Outlook to 2019 - Driven by Government Investments and Technological Advancements
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INDIA PUMPS MARKET: PAST AND FUTURE GROWTH TRENDS
Pumps market in India is relatively fragmented and has evolved significantly over the years in terms of technology. The initiatives and regulations undertaken by the government has positively Enterprise wide: USD 1,600 influenced the market growth and led to its continuous Pages: 121 development over the years. The pumps market in India has been majorly impacted by the expansion in infrastructure sector over the Related Reports years. However, over the period of FY’2012-FY’2014 the market has Indonesia Construction Equipment witnessed sluggish growth owing to multiple factors such as rising Industry Outlook to 2017 - Hydraulic inflation, falling demand for pumps due to lack of government Excavators and Earthmoving investment in end use sectors, rising raw material costs and poor Equipments Gaining Traction global economic conditions. Asia Pacific Construction Machinery On the basis of type, pumps can be segmented into centrifugal Market Outlook to 2016 - China pumps and positive displacement pumps. In FY’2014, centrifugal Leading the Industry Growth pumps account for ~% of the sales of pumps in India since they have China Construction Machinery Industry Outlook to 2016 - Expected tohigher utility as compared to positive displacement pumps. On the basis of end use, pumps could be segregated into industrial pumps Register Phenomenal Growth and agricultural and domestic pumps. The industrial pumps segment is primarily utilized in end use segments including oil & Key Highlights of the Report gas, power generation, metals & mining, water and waste water - Discussed leading players, profile, market share and product portfolio and chemicals & others. On the other hand, agricultural and - Market statistics from 2010 to 2014 domestic pumps are usually utilized in agriculture and building services. In FY’2014, the Industrial Pumps segment contributed and forecast from 2015to 2019 in value terms 54.0% in the total revenue generated by the market as industrial pumps are in more demand as compared to agricultural and - Detailed discussion of the market segments domestic pumps combined together. Single User: USD 900
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- Regulatory and macro economy environment - Opportunities led by market
India Pumps Market is highly fragmented with 800 manufacturers spread across the country. Out of the total manufacturers in the market, a majority are small and medium players in the unorganized sector. A majority of the unorganized players are involved into manufacturing of agricultural and domestic pumps in the country. -higher utility as compared to positive displacement pumps. On the basis of end use, pumps could be segregated into industrial pumps and agricultural and domestic pumps. The industrial pumps segment is primarily utilized in end use segments including oil & gas, power generation, metals & mining, water and waste water and chemicals & others. On the other hand, agricultural and domestic pumps are usually utilized in agriculture and building services. In FY’2014, the Industrial Pumps segment contributed ~% in the total revenue generated by the market as industrial pumps are in more demand as compared to agricultural and domestic pumps combined together.
Figure: Planned Investments in Infrastructure in INR Billion
India Pumps Market Size on the Basis of Revenues, 2010-2014
India Pumps Market Future Projections on the Basis of Revenues, 2015-F2019
The pumps market in the country is set to witness exponential growth during FY’2015 – FY’2019. The market size of the India Pumps Market in terms of revenue generated is expected to increase at CAGR of 17.5% during the period of FY’2015 – FY’2019. The demand for pumps will primarily be driven by large scale investment which the Indian government has announced for infrastructural development in the country. Increased investments in the irrigation and oil and gas sectors will create an upsurge in the demand for pumps. Deregulation of the exploration and production industry with the New Exploration and Licensing Policy (NELP), planned increase in the refining capacity, huge investments in the petrochemical industry and irrigation projects, among others, are poised to fuel the demand for pumps. Though the demand for pumps is set to increase in the coming years, the profit margins will reduce owing to rising raw material costs. The market is expected to witness increasing consolidation owing to the pressurized profit margins which would largely affect the profitability of small and medium enterprise owners.
WHAT ARE THE MAJOR SEGMENTS DRIVING CHANGE?
Section Review In 2014 Centrifugal Pumps ● led the market with percentage contribution of 95.0% ●The contribution of agricultural and domestic segment increased during the period of 2012-2014 ●The industrial segment contributed dominant share in the total revenue generated by the India Pumps Market in 2014
On the basis of product type, pumps can be classified into centrifugal pumps and positive displacement pumps. Centrifugal pumps are utilized for increasing the flow of liquids whereas Positive displacement pumps serve the purpose of maintaining a constant flow. Depending on the function performed by the two types of pumps, Centrifugal pumps find higher utility in the end use markets as compared to positive displacement pumps which has been substantiated by their respective revenue contribution in FY’2014. Centrifugal pumps dominated the market with 95.0% share in the total market size and positive displacement pumps made a minor contribution of mere 5.0%. On the basis of end use, pumps could be divided into Industrial and Agricultural & Domestic category. Industrial use of pumps entails application of pumps in Oil & Gas,
Metals & Mining, and Power etc whereas Agricultural & Domestic end use segment constitutes use of pumps for irrigation and other agriculture related activities and building services. During the period of FY’2012-FY’2014, the contribution of industrial segment has decreased whereas the contribution of agricultural and domestic segment has increased. In FY’2012, the agricultural and domestic segment generated 43.0% of the total revenue which increased to 46.0% in FY’2014. On the other hand the industrial segment garnered 57.0% market share in FY’2012 which contracted to 54.0% in FY’2014. This increase in the revenue generated by the agricultural and domestic segment was due to increasing demand of energy efficient pumps in the agricultural sector.
Table: India Pumps Market Segmentation on the Basis of Revenues from Centrifugal Pumps and Positive Displacement Pumps in INR Billion, FY’2014 Category
FY’2014
Centrifugal Pumps Positive Displacement Pumps Table: India Pumps Market Segmentation by End Use on the Basis of Revenues in INR Billion, FY’2012-FY’2014 Category Industrial Agricultural &
FY’2012
FY’2013
FY’2014
COMPANIES CITED IN THE REPORT Competitive Landscape Particulars Companies Mentioned
Kirloskar Brothers Limited KSB Pumps Shakti Pumps WPIL Limited Jyoti Limited Roto Pumps
Products Mentioned
End Suction Pumps, Split Case Pumps, Multi Stage Pumps, Monobloc Pumps and Submersible Pumps
Competition
Kirloskar Bothers Limited was the largest player in the India pumps market. Kirloskar brothers Limited is engaged in the manufacturing of agricultural, domestic as well as industrial pumps. KSB Pumps is the second largest player in the market. The company has been focusing on the standard products segment for the energy sector. apart from the two large players, the India pumps market is highly fragmented in terms of market share and number of players
Product Portfolio of Major Players in India Pumps Market
Company
Product Specification
Kirloskar Brothers Limited
The company manufactures multiple variants of End Suction Pumps, Split Case Pumps, Multi Stage Pumps, Special and Engineered Pumps, Monobloc Pumps, Submersible Pumps and Sump Pumps which have domestic, agricultural as well as industrial applications
KSB Pumps
he company Manufactures Horizontal and Vertical Centrifugal Pumps, Monobloc Pumps, Pressure Booster Pumps and Submersible Pumps with applications in the domestic, agriculture and industrial sectorsT
Shakti Pumps
The company manufactures Submersible Pumps, Vertical Multistage Centrifugal Pumps, Pressure Booster Pumps, Self Priming Pumps, Open Well Pumps and End Suction Pumps which have widespread water and waste water applications in the domestic and agricultural sectors
WPIL Limited
The company manufactures Vertical Turbine Pumps, Vertical Mixed Flow and Axial Flow Pumps, Bore Well Pumps, Bottom Suction Type Pumps and Horizontal Centrifugal Pumps with applications in the power, irrigation, municipal and industrial sectors
Jyoti Limited
The company manufactures Vertical Turbine Pumps, Vertical Mixed Flow Pumps, Metallic Volute Pumps, Vertical Propeller Pumps, Horizontal Split Casing Pumps, Vertical Non Clog Centrifugal Pumps and Horizontal Non Clog Centrifugal Pumps which fulfill the water supply needs of industrial, domestic and agricultural sectors
Roto Pumps
The company manufactures Progressive Capacity Pumps and Twin Screw Pumps with applications in the mining, chemicals, varnish & ink, milk, curd, light, paper, sugar, edible oil, distillation and steel industries
KEY FACTORS CONSIDERED IN THE REPORT ● Comprehensive analysis of the India pumps market and its segments ● Market is presented by types of pumps, by end users and by manufacturing clusters ● Listed major players and their positioning in the market ● Identified major industry developments in last few years and assess the future growth of the market ● Regulatory framework help to understand investment opportunities and complexity involved
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