The Indian pump market is currently valued at approximately Rs 200 billion, and is expected to expand at a 7 per cent compound annual growth rate, with agriculture accounting for 27 per cent of the market, buildings 19 per cent, water and wastewater management 17 per cent, power generation 12 per cent, oil and gas 8 per cent, metals and mining 4 per cent, and other industries approximately 13 per cent. The valves market is likely to follow a similar trajectory.
Increased oil demand and increased investment in water and wastewater treatment activities are projected to have a significant impact on the pump market. Domestic demand is also mostly met by domestic vendors, owing to the industry’s robust capacity to supply demand.
South India is likely to dominate the Indian pump business in terms of revenue. By 2026, the region is expected to generate more than $1.1 billion in income. Karnataka, Tamil Nadu and Andhra Pradesh are expected to provide the most revenue to the industry. Demand for submersible pumps from farmers is increasing as groundwater levels continue to decline. With the Karnataka government subsidising energy for farmers, there has been a surge in industry demand for pumps, which is likely to bode well for their expansion, particularly agricultural ones. The automobile, agriculture, aerospace, textile and apparel, biotechnology and heavy engineering industries are projected to have a substantial impact on the market. Tamil Nadu has established a foundation of over 200,000 agricultural gadgets, one of the largest in India.
Among the top players in the Indian pump market are Crompton, Flowserve, the Jyoti Group, Kirloskar Brothers Limited (KBL), KSB, Roto Pumps, Commitment Reliability Innovation (CRI) Pumps, Shakti Pumps and WPIL. Other significant competitors in the market include the Aqua Group, Best Engineers Pumps, Deccan, Duke Plasto Technique, ELLEN, Endura Pumps, Falcon Pumps, Grundfos, Jasco, Kishor Pumps, Lubi Pumps, Mahendra Pumps, MAK, MAXWELL, MBH Pumps and Oswal Pumps. Coimbatore, Belgaum, Batala & Jalandhar, Kolhapur, Rajkot, Ahmedabad and Hyderabad are a few of the industrial clusters that exist in India.
Major players and their offerings
Flowserve
With the establishment of a pump manufacturing plant in Coimbatore, India, in 2014, the firm expanded its activities in the country and began manufacturing pump products for the oil and gas, electricity, and chemical industries. This facility will serve as a springboard for ongoing growth in India and the region, manufacturing industrial and engineered pumps for both the domestic and export markets. Flowserve’s products are engineered to handle extreme temperatures, caustic chemicals, high pressures and other harsh environments in some of the world’s most remote and developing regions.
Flowserve is currently on a journey of reinvention dubbed Flowserve 2.0. Since 2018, it has made concerted efforts to develop its core business through operational excellence, digitalisation, customer experience and strategy alignment. Meanwhile, it is committed to assisting its clients’ energy transition and growing in new and developing segments through diversification, digitisation and technology investments.
Kirloskar Brothers
KBL, a leading pump manufacturer, recently established a new manufacturing unit in Maharashtra to focus on high-end technological items used mostly in nuclear applications.
KBL’s continuous commitment to the government’s Make in India and Aatmanirbhar Bharat initiatives is evident in its Advanced Technology Product Division. KBL is the pioneer and market leader in India for primary and secondary sodium pumps for fast breeder reactors. Additionally, it is one of the few suppliers of primary heat transfer pumps to the nuclear industry. Concrete volute pumps manufactured by the firm are a critical component of numerous nuclear and thermal power facilities across India.
Shakti Pumps
Shakti Pumps, which pioneered the country’s first Bureau of Energy Efficiency five-star-rated pumps, is also the first local manufacturer of all-stainless-steel pumps and energy efficient motors.
In November 2021, the company announced that it had entered the electric vehicle market by manufacturing motors, chargers, controllers and multi-application component variable frequency drives and has carved out a niche for itself in both domestic and foreign markets.
Shakti Pumps India is a manufacturer and distributor of solar and motorised pumps. The company operates two plants in Madhya Pradesh and sold 35,000 solar pumps in 2020-21, including 25,000 under the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan scheme.
KSB
Among the significant orders KSB won in financial year 2020-21 are those for Indian Oil Corporation Limited’s (IOCL) Kandla-Gorakhpur LPG pipeline project, the IOCL Haldia reactor feed Pump Project, orders for various distillery projects from Excel Engineering, various paper industry projects, and orders for the Andritz-UPM Taurus, Bangladesh Chemical and Fertilizer, and Baltic Gas chemical complex projects. KSB’s product line includes the OH2 pump, the BB2 pump, the BB5 pump, the VS6 pump and the VS1 pump. From India, KSB has also begun manufacturing axially split, multistage, between-bearings BB3 pumps.
KSB has taken various measures to strengthen its position in multiple markets, including expanding its product portfolio through the introduction of new products, and increasing its focus on sectors such as agriculture, solar, chemicals, water and wastewater, and digitalisation initiatives.
CRI Pumps
CRI won the National Energy Conservation Award for the seventh time (and the fifth time in a row) in 2021, establishing itself as a pioneer in the pumping sector by developing energy efficient pumps.
CRI has saved India a remarkable 21,500 million units (MUs) of power through the biggest range of energy-efficient products as of December 2021. CRI is a dependable partner for the government in effectively implementing a variety of energy saving projects, including agriculture demand-side management.
It has a strong portfolio of carefully designed pumping products and has installed over 2 million star-rated pumps and 50,000 internet of things (IoT)-enabled solar pumps across the country, assisting industrialists, builders, farmers and residents in realising significant savings on electricity consumption and money.
Grundfos
Grundfos provides intelligent products across multiple industry areas that are combined with digital technology to ensure long-term customer solutions. Grundfos’s pumps are embedded with IoT and data analytics, enabling predictive maintenance, automatic data collecting and remote pump operation.
Another ground-breaking discovery from Grundfos is iSOLUTIONS, which ushers in a new era of intelligence for pump systems and water handling technologies by looking beyond individual components to improve the overall system. The MAGNA3 system from Grundfos is a best-in-class circulator with an industry-leading energy efficiency index. Grundfos India is in charge of sales in India, Bangladesh, Bhutan, Nepal and the Maldives.
Going forward
The growing government interest in rural electrification and irrigation infrastructure development bodes well for India’s electric water pump industry in the coming years. Increased investment in urban infrastructure with the goal of developing several smart cities, as well as several upcoming wastewater and sewage treatment projects, such as the National Mission for Clean Ganga, sewage treatment plants in Budhana and Muzaffarnagar, and a SUEZ-built wastewater treatment plant in Delhi, would all contribute to the demand for electric water pumps. The residential and commercial sectors are expected to generate a large volume of demand for electric water pumps across the country in the coming period, owing to the implementation and conceptualisation of numerous construction projects such as the industrial park project in Odisha, the textile park project in Uttar Pradesh and the Mahindra Industrial Park project in Gujarat.