The demand for Solar pumps is expected to grow at a steady rate due to the increased application of Solar pumps in several end-user sectors. Submersible Pump manufacturers in India have focused solely on the agriculture and construction services sectors.
The increasing oil demand and expanded investments in water and wastewater treatment activities are likely to affect the pump market substantially. The domestic demand is also majorly met by local vendors, with the industry having robust capabilities to meet the demand.
India's solar pump market is likely to witness the emergence of intelligent pump systems and micro disc pump technology in the next few years. Intelligent systems are expected to control and regulate the fluid's flow or pressure and adjust to process changes and have a fault-tolerant design. The market contributes significantly to the country's GDP as these devices play a major role in the agriculture and infrastructure sector.
Solar Pump Market In India Segmentation
This research report includes a detailed segmentation by product type, end-user type, geography. The centrifugal pump market in India is expected to be competitive, with several established vendors expanding their product portfolio. Centrifugal is best suited for non-air or vapor-containing liquids with low viscosity.
Technology capabilities of centrifugal, particularly solar submersible pumps, are a key driver for increased demand from India's agricultural sector. The single-stage and submersible are major centrifugal devices used in India. Agriculture Pump and infrastructure projects account for the major application.
Industrial pumps are witnessing a high demand from cement, steel, oil & gas, water & wastewater sectors. The increased oil and gas demand and high investments in water and wastewater treatment activities are projected to increase sales substantially. The industrial pump market in India is expected to reach over $2 billion by 2026.
Market Opportunities & Trends
Demand For Energy Efficient Pumps
Demand For Solar Pump
Increasing Export Of Centrifugal Pumps
Market Growth Enablers
Infrastructure Expansion
Deteriorating Groundwater Level
Growing Agricultural Sector
Market Restraints
Rising Raw Material Cost
Poor Electricity Supply
International Competition
Prominent Vendors
Website : https://www.solarpumpindia.net/
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