The Indian pump industry is growing at an annual CAGR of ~10 per cent - which is higher than the international CAGR average of ~6 per cent - due to the surge in infrastructure development, growth in agriculture and other water intensive industries.
Foreign shopping to widen market
Pumps are a common and important component in almost all industrial segments across the world. The most commonly and widely used pumps are the centrifugal pumps or the water pumps, of which the agricultural segment in India are the largest consumers
Exports to increase in the coming years
For the consumers and the market the star rating in the initial years appeared very attractive, but in the past few years, the market has failed to register the expected response for star rated products. This is because a majority of the consumers are from agricultural background, constituting 45 per cent of the domestic pump market.
Smart Metering is still at the nascent stage in India, where it is being tested and implemented by only a few utilities equipped with the money and technology to do so. However, it provides a sea of possibilities in streamlining and advancing our home energy infrastructure.
Needs Pump Priming
The manufacturing industry places heavy demand on pumps, when it comes to optimum operation, high reliability and low energy consumption. The sector, which is one of the indispensible sectors driven by motors, is making strides in indigenisation of advanced technologies.
Come up trumps with standards
Due to failure in adoption of global standards by manufacturers, Indian motor industry is losing ground to rising imports. Today, energy efficiency is of dominant importance due to the ever rising electrical energy demand, growing awareness about global warming, and fossil fuel prices threatening to spiral again.
Advertise Here [300 W x 250 H pixels]