Market Size of India Industrial Pump Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.93 Billion |
| Market Size (2029) | USD 1.19 Billion |
| CAGR (2024 - 2029) | 4.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Industrial Pump Market Analysis
The India Industrial Pump Market size is estimated at USD 0.93 billion in 2024, and is expected to reach USD 1.19 billion by 2029, growing at a CAGR of 4.80% during the forecast period (2024-2029).
- Over the medium term, the increasing industrialization and urbanization activities coupled with supportive government policies are expected to increase the demand for the industrial pump market in India.
- On the other hand, high operations and maintenance costs are expected to hinder India's industrial pump market growth.
- Nevertheless, the increasing technological advancements in the market to produce energy-efficient pumps with higher operational efficiency are expected to create huge opportunities for the Indian industrial pump market.
