Robust growth of industrial sector coupled with expansion of power and oil & gas production facilities across the country to propel demand for multistage water pumps in India through 2023
According to TechSci Research report, “India Multistage Water Pumps Market By Operation, By End Use Industry, By Product Type, By Application, By Sales Channel, Competition Forecast & Opportunities, 2013-2023’’, the country’s multistage water pumps market is forecast to surpass $ 677 million by 2023, on account of growing power and food & beverage industries along with expanding oil & gas production facilities across the country. Moreover, increasing public and private investments and FDI inflows in the industrial sector to enhance production efficiency and to improve technology is further driving demand for multistage water pumps in various downstream industries. Multistage water pumps are majorly used in applications involving high pressure while offering high efficiency by consuming lesser energy and reducing load on energy supply sources.
Browse 53 market data Figures and 16 Tables spread through 111 Pages and an in-depth TOC on "India Multistage Water Pumps Market"
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On the basis of type, multistage water pumps market is majorly segmented into Ring Section, Split Casing and Barrel Casing. Ring section multistage water pumps garnered a dominant share in India multistage water pumps market in 2017 and the product segment is anticipated to maintain its dominance over the coming years as well owing to their excellent performance in handling hydrocarbons, clear chemical fluids, flammable liquids, etc. Additionally, low operational cost and availability of a wide product range in the market is anticipated to push demand for ring section multistage water pumps in India in the coming years. Split casing and barrel casing are the other types of multistage water pumps which hold a significant market share. Among them, split casing multistage water pumps are the fastest growing type, backed by easy dismantling of pumps’ parts without removing rotor, which makes cleaning and inspection process less time consuming.
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A high demand for multistage water pumps emanates from power and oil & gas sectors on the back of continuous increase in their production capacities and increasing demand for high pressure pumps in these sectors. “Rising government investments and initiatives to strengthen the growth of industrial sector coupled with growing product innovation and technology advancements by the pump manufacturers are expected to boost the sales of multistage water pumps in the country during the forecast period. Moreover, rising number of desalination plants along with shifting preference towards energy saving pumps would further steer growth in India multistage water pumps.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Multistage Water Pumps Market By Operation, By End Use Industry, By Product Type, By Application, By Sales Channel, Competition Forecast & Opportunities, 2013-2023” has evaluated the future growth potential of multistage water pumps market and provides statistics and information on market size, structure and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India multistage water pumps market.
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