The population of India, which is already the second-highest in the world, rose to 1.36 billion in 2019 from 1.35 billion in 2018, and it will further increase to 1.7 billion by 2050, says the United Nations (UN). This is putting immense pressure on the agrarian community to feed the rising number of mouths, which hasn’t been easy considering the rapid urbanization taking place in the country. As cities are growing and rural lands are transforming into urban zones, farmlands are giving way to buildings and roads.
Additionally, for a long time, most of the farmers in India have depended on seasonal rains, but with time, irrigation is being practiced to grow crops round the year. As a result of all these factors, the Indian single-cylinder pumpset market is forecast by P&S Intelligence to grow from $1,126.8 million in 2019 to $1,834.3 million by 2030, at a 5.3% CAGR between 2020 and 2030. Pumps are an important tool to draw water from underground sources and irrigation canals and route them to fields.
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This will become another major factor propelling the demand for pumpsets, as the increasing water pollution is leading to the formulation of stringent policies regarding water & wastewater treatment. Highlighting the unmet need for water & wastewater treatment, the UN says, “80 per cent of wastewater flows back into the ecosystem without being treated or reused.” This is prompting the construction of sewage treatment plants across India, where pumpsets are among the most-important equipment. In addition, the government also provides the technical know-how, funding, and equipment for primary, secondary, and tertiary water treatment.
Engines fueled by diesel are more popular in the Indian single-cylinder pumpset market than those running on petrol (gasoline). Diesel engines are not only more fuel-efficient than gasoline engines, but diesel is also itself cheaper than gasoline. This brings down the overall operating cost of the pumpset, which is a boon for India, where most of the farmers do not have high incomes. With the decreasing farming area per person, farmers have less land to grow on, thus, less produce to sell, which is why cost-saving in any form possible is only going to help them.
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Kirloskar Oil Engines Ltd., Neptune Fairdeal Products Pvt. Ltd., Basant Products (India) Ltd., Apan (India) Exports, Bharat Industries, Gujarat Forgings Pvt. Ltd., Mittal Diesel, Prem Engineering Pvt. Ltd., Kissan Iron Works, and Usha International Ltd. some of the leading players operating in the Indian single-cylinder pumpset market.
Market Size Breakdown by Segment
By Power Rating
- Below 5 HP
- 5.1 HP–10 HP
- 10.1 HP–15 HP
By Fuel Type
- Diesel
- Gasoline
By End Use
- Industrial
- Agriculture
- Commercial
By Engine Capacity
- Below 150 cc
- 150 cc–300 cc
- 301 cc–600 cc
By Pump Type
- Submersible
- Monoblock
Geographical Analysis
- Punjab & Haryana
- Uttar Pradesh
- West Bengal
- Madhya Pradesh
- Rajasthan
- Gujarat
- Maharashtra
- Andhra Pradesh
- Karnataka
- Tamil Nadu
- Rest of India
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