Pumps Industry 2017 Market Trends and Competitive Landscape Analysis Pumps Market: 2017 India Industry Trend, Profit, a | Page 2

Pumps Market - India Industry Analysis, Size, Share, Growth, Trends
and Forecasts 2017 – 2020
Pumps Market in India 2017 showcases a comprehensive market scenario of the Pumps industry in India
along with the influencers responsible for future growth. Agricultural sector accounts for the highest share
of demand for Pumps in the Indian market. Southern India accounts for the highest share of Pumps
manufactured in the country. Expansion in Infrastructure is one the major factors influencing the growth of
the Pumps market. Erratic monsoon in India provides a major opportunity for market growth. Fluctuations
in ground water level have also facilitated further development of the market. Rise in population and
urbanization has boosted the demand for Pumps in the market. Healthy economic outlook is also
stimulating the growth of the Indian Pumps industry. The Government of India is actively encouraging
technology development and transfer to enable the small scale Pumps manufacturers to enter high-tech
areas such as aerospace and defense.
However, the players operating in the market also face several challenges which are hampering their
development and growth. Agricultural power subsidy by the government poses a major hindrance in
market growth. High price sensitivity of customers also presents a major challenge for market growth.
Moreover, rise in cost of inputs acts as a major bottleneck in the development of the Indian Pumps
industry. The major player in the Indian Pumps market is Kirloskar Brothers Limited, holding a considerable
portion of the market share along with KSB Pumps, Dynamatic Technologies, Shakti Pumps, WPIL Limited
and others.
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