India Intelligent Pump Market Forecast Highlights Revenue Share Analysis Across Prime Geographies During the Forecast Period 2020 to 2027

The major factor that is responsible for driving the growth of the India Intelligent Pump market is the increasing focus on energy efficiency and the growing adoption of the Industrial Internet of Things (IIoT) along with the remarkable advantages offered by these intelligent systems. The intelligent pump provides real-time operating data with wireless control & monitoring system and has a longer lifespan, thereby helps to save energy consumption. The increasing adoption of intelligent pumps among a wide range of end-use industries to monitor, control, and manage flow or pressure of water is driving the demand of the market. Moreover, increasing power generation capacity and development of numerous smart cities projects in India is further propelling the growth of the market during the forecast period. However, the high initial capital cost is restraining the growth of the market.
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An intelligent pump refers to a pump that can control and manage flow or pressure of water. It is mainly used in boilers, water treatment plants, and in various desalination processes. The intelligent pumps help in saving energy, improves machine lifespan, and reduces system cost. The intelligent pump is used to adjust operations automatically to meet the requirements of the system, thus allowing the pump to operate more effectively and efficiently.
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Based on the pump type, the centrifugal pump segment is expected to grow at a higher CAGR during the forecast period. Centrifugal pumps are used in building automation for Heating, Ventilation, and Air Conditioning (HVAC) systems and water systems. It is often used in building for pumping general and domestic water supply. In the water & wastewater treatment sector, it is used for processing & treatment of drinking water, change osmosis process, and machine tool lubrication. Thus, the increasing application of the centrifugal pumps across different industry verticals is accelerating the demand of this segment.
Based on the component, the control system segment is projected to grow at a higher CAGR in the market during the forecast period owing to the increasing adoption of intelligent pump due to its energy-efficient application in several industries such as oil & gas, building automation, water & wastewater, and other industries.
Based on the end-user, the building automation segment is anticipated to lead the India Intelligent pump market during the forecast period. The growing concern for energy consumption followed by increasing initiatives by the government of India, such as the UJALA scheme, National Mission for Enhanced Energy Efficiency (NMEEE) under NAPCC and Smart cities vision program of India are fuelling the growth of the market.
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Various notable players operating in the India Intelligent Pump market include Kirloskar Brothers Limited, KSB Pumps Limited, Grundfos Pumps India Private Ltd., Xylem India Pvt Ltd., ITT Corporation India Pvt. Ltd., Allweiler India Pvt. Ltd., Regal Beloit India, Wilo India Mather & Platt, Flowserve Corporation, and Colfalx Corporation.
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Key Development:
  • In Nov 2018, Grundfos Pumps India Pvt. Ltd., the Indian subsidiary of Denmark-based Grundfos, invested INR 125 Crore (USD 17.5 Million) to set-up its third pump production unit in Tamil Nadu by 2020.
The India Intelligent Pump market has been segmented based on pump type, component, and end-user. Based on the pump type, the market is segmented into Centrifugal Pumps, and Positive Displacement Pumps. Based on the component, the market is segmented into Control System, Variable Drives, and Pumps. Based on the End-User, the market is segmented into Building Automation, Water & Wastewater, Oil & Gas, Chemicals, Power Generation, and Other Industries.
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