Growth Opportunities in the India Intelligent Pump Market look promising over the next six years. This is mainly due to the rising power generation capacity and development of numerous smart cities projects in India, the rising emphasis on energy efficiency, and the high adoption of the Industrial Internet of Things (IIoT), followed by the exceptional advantages provided by these intelligent systems.
India Intelligent Pump Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The rising emphasis on energy efficiency and the high adoption of the Industrial Internet of Things (IIoT), followed by the exceptional benefits provided by these intelligent systems, are the key drivers contributing to the growth of the India intelligent pump market. The intelligent pump offers real-time operating data with wireless control & monitoring system and has a better lifespan, thus aids in saving energy consumption. The strong adoption of intelligent pumps among a large range of end-use sectors to control, monitor, and manage the flow or pressure of water is further stimulating the growth of the market. Additionally, the rising power generation capacity and development of several smart city projects in India is further propelling the growth of the India intelligent pump market. On the other hand, the factor hindering the growth of the market includes the high initial capital price.
Pump Type Segment Drivers
Based on the pump type, the centrifugal pump is rise at a faster CAGR in the coming years. Centrifugal pumps are used in building automation for Heating, Ventilation, and Air Conditioning (HVAC) systems and water systems. It is utilized in building for pumping general and domestic water supply. The water & wastewater treatment industry is used to change the osmosis process, processing & treatment of drinking water, and machine tool lubrication. Thereby, the growing application of centrifugal pumps across various industry verticals is further stimulates the growth of the market.
End-User Segment Drivers
Based on the end-user, building automation is projected to dominate the market in the coming years due to the increasing concern for energy consumption, along with rising initiatives by the government of India, including the National Mission for Enhanced Energy Efficiency (NMEEE) under NAPCC, UJALA scheme, and Smart cities vision program of India are certain factors that are expected to drive the growth of the market.
India Intelligent Pump Market’s leading Manufacturers:
- Kirloskar Brothers Limited
- KSB Pumps Limited
- Grundfos Pumps India Private Ltd.
- Xylem India Pvt Ltd.
- ITT Corporation India Pvt. Ltd.
- Allweiler India Pvt. Ltd.
- Regal Beloit India
- Wilo India Mather & Platt
- Flowserve Corporation
- Colflax Corporation
India Intelligent Pump Market Segmentation:
Segmentation by Pump Type:
- Centrifugal Pumps
- Positive Displacement Pumps
Segmentation by Component:
- Control System
- Variable Drives
- Pumps
Segmentation by End-User:
- Building Automation
- Water & Wastewater
- Oil & Gas
- Chemicals
- Power Generation
- Other Industries
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
