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India Submersible Water Pumps Market Holds A Good Growth Of 10 Percent Cagr
India submersible water pumps market was valued at $ 565 million in 2018 and is projected to grow at a CAGR of over 10% and cross $ 1 billion by 2024. Anticipated growth in the market can be attributed to growth in the agriculture sector and rising water scarcity in India. Moreover, the government of India is focusing on improving the country’s agriculture sector by boosting investments into the sector. The government is also providing highly subsidized power supply to farmers, which is likely to push demand for submersible water pumps from this sector. Additionally, rapidly growing industrial activities are further expected to positively influence India submersible water pumps in the coming years.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
• To analyze and forecast India submersible water pumps market size.
• To define, classify and forecast India submersible water pumps market on the basis of type, mode of operation, end use and regional distribution.
• To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of the region by segmenting India submersible water pumps market into four regions, namely, North, West, East, and South.
• To identify tailwinds and headwinds for India submersible water pumps market.
• To strategically profile leading players operating in India submersible water pumps market.
Some of the major players operating in India submersible water pumps market are CRI Pumps Private Limited, Kirloskar Brothers Limited, Crompton Greaves Consumer Electrical Ltd., KSB Pumps Limited, Texmo Industries, Shakti Pumps India Limited, Pluga Pumps and Motors Pvt Ltd, Lubi Industries LLP, La-Gajjar Machineries Pvt. Ltd., Oswal Pumps Ltd., and Falcon Pumps Pvt. Ltd.
They performed primarily as well as exhaustive secondary research for this study. Initially, They sourced a list of submersible water pumps companies in India. Subsequently, They conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they were able to include companies that could not be identified due to the limitations of secondary research. They analyzed product offerings, end users and regional presence of all major submersible water pump suppliers across India.
They calculated India submersible water pumps market size using a bottom-up approach, wherein manufacturers’ value sales data for different product types were recorded as well as the forecast for the future years was made. Secondary sources such as company annual reports, Ministry of Corporate Affairs, Ministry of Oil & Gas, World Bank, Press Releases, Industry Magazines, Industry Reports, News Dailies, Credible Paid Databases, Proprietary Databases, etc., were also studied.
Key Target Audience:
• Submersible water pump manufacturers, suppliers, distributors, and other stakeholders
• Associations, organizations, and alliances related to submersible water pumps
• Government bodies such as regulating authorities and policymakers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as submersible water pump manufacturers, distributors, dealers, and policymakers. The study would also help them in deciding which market segments should be targeted over the coming years in order to strategize investments and capitalize on the growth of the market.
In this report, India submersible water pumps market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• Market, by Product Type:
• Market, by Mode of Operation:
• Market, by End Use:
o Water and Wastewater
• Market, by Region:
• Market, by Company:
o CRI Pumps Pvt. Ltd.
o Kirloskar Brothers Limited
o Crompton Greaves Consumer Electrical Ltd
o KSB Pumps Limited
o La-Gajjar Machineries Pvt. Ltd.
Competition Benchmarking: Benchmarking of leading 10 players on the basis of type.
Voice of Customer: Customer analysis by considering parameters, such as brand awareness, brand satisfaction, purchase decision influencers, and challenges & unmet needs.
Company Profiles: Detailed analysis of the major companies present in India submersible water pumps market.
With the given market data, They offer customizations according to a company’s specific needs. The following customization options are available for the report:
Channel Partner Analysis
• A detailed list of distributors and dealers across the country.
• Detailed analysis and profiling of additional market players (up to five).
• Detailed analysis of new products and their driving forces in the market.
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