Growing government initiatives, rising investments in water, drip irrigation and lift irrigation related projects, coupled with increasing power and sewage treatment plant construction projects to drive India vertical turbine water pumps market through 2023
According to TechSci Research report, “India Vertical Turbine Water Pumps Market By Operation, By Sales Channel, By End Use Industry, Competition Forecast & Opportunities, 2013-2023”, vertical turbine water pumps market in India is projected to surpass $ 259 million by 2023, on the back of increasing demand from agriculture as well as construction sector. Technological advancements, huge investments in micro irrigation, lift irrigation and drip irrigation projects, and rising demand for pumps with high discharge are expected to aid market growth in the coming years. Moreover, the government has plans to expand renewable energy capacity to 227GW till 2022, which in turn is anticipated to have a positive impact on the country’s vertical turbine water pumps market through 2023.
Browse 15 market data Tables and 37 Figures spread through 97 Pages and an in-depth TOC on "India Vertical Turbine Water Pumps Market"
Some of the major players operating in the vertical turbine water pumps market in India are Kirloskar Brothers Limited, Flowmore Limited, Wilo Mather & Platt Pumps Private Limited, and WPIL Limited, among others. On the basis of operation, vertical turbine water pumps market is majorly segmented into axial, radial and mixed flow vertical turbine water pumps. Of these types, mixed flow vertical turbine water pumps account for the largest market share. Building services segment is expected to witness the fastest growth in the country’s vertical turbine water pumps market, owing to significant investments in infrastructure projects, green buildings and smart cities across the country.
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“North India generates the largest demand for vertical turbine water pumps in the country, backed by significant budget allocations and investments in this region. For instance, New Delhi Municipal Council’s budget increased from $ 560 million in 2017-18 to an estimated $ 600 million in 2018-19, while state government of Haryana has allocated about $ 67 million for solar based irrigations schemes and encouraging micro-irrigation in the state. All these developments are likely to drive demand for vertical turbine water pumps in North India through 2023.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India VerticalTurbine Water Pumps Market By Operation, By Sales Channel, By End Use Industry, Competition Forecast & Opportunities, 2013-2023” has evaluated the future growth potential of vertical turbine water pumps market in India and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in India vertical turbine water pumps market.
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