DUBLIN–(BUSINESS WIRE)–The “India Electric Water Pump Market (2020-2026): Market Forecast by Types, by Operation, by Regions and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
The Indian Electric Water Pump Market witnessed moderate growth during the period 2016-2019 underpinned by rapid growth in the residential & commercial sector. This was owing to the ongoing urbanization of multiple cities in India, along with rising demand from agriculture as a result of the agricultural initiatives taken by the Government to strengthen the irrigation infrastructure in rural parts of the country.
The rising construction of water/sewage treatment plants is another major factor driving the growth of the electric water pump market in India. Despite the decline in market revenues during 2020 as a result of the COVID-19 pandemic, recovery is expected in market revenues post-2020, with the gradual opening of economic activities and restart of construction projects.
The Indian Electric Water Pump Market size is projected to grow at a CAGR of 4.6% during 2020-2026. The major demand generating sector for electric water pumps in India has been the agriculture and construction sector that comprises both real estate and urban development.
Rising government concern for rural electrification and strengthening irrigation infrastructure would bode well for the electric water pumps market in India over the coming years. Increasing investments in the urban infrastructure with an aim to develop several smart cities, along with several upcoming projects for treating wastewater and sewage such as the National Mission for Clean Ganga, sewage treatment plants in Budhana and Muzaffarnagar, wastewater treatment plant to be built by SUEZ in Delhi would further propel the demand for electric water pumps during the forecast period.
Market Analysis by Types
Based on Types, the agricultural sector has captured the majority of the market revenue share in 2019, and the segment is expected to dominate the overall market in the forecast period as well since the water supply is the foremost requirement in the agriculture domain for producing water-intensive crops.
The residential and commercial sector is anticipated to generate huge demand for electric water pumps in terms of volume across the country in the forthcoming period on the back of multiple construction projects in the implementation and conceptualization stage such as the industrial park project in Orissa, textile park project in Uttar Pradesh, Mahindra industrial park project in Gujarat and several other such projects.
Key Attractiveness of the Report:
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/h5bk1i
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Providing High-end Imaging Services: Establishing a New Benchmark for Personalized Medical Imaging Services HONG KONG…
JAKARTA, INDONESIA - Media OutReach Newswire - 22 November 2024 - VinFast Auto has officially…
SYDNEY, AUSTRALIA - Media OutReach Newswire - 22 November 2024 - The global cryptocurrency market…
HANOI, VIETNAM – Media OutReach Newswire - 22 November 2024 - By capitalizing on its…
HANGZHOU, CHINA - Media OutReach Newswire - 22 November 2024 - As the 2024 World…
BEIJING, CHINA - Media OutReach Newswire - 22 November 2024 - The 2024 Beijing Changping…
