Ifat India 2015 Expanding Indian Water Pumps Market to Promise Business Prospects
Technology for processing drinking water and treating wastewater — and the many kinds of pumps needed for this — is one of the main exhibition sections at Ifat India. India’s leading environmental technology fair will be taking place for the third time at the Bombay Exhibition Centre (BEC) in Mumbai, between October 13 and 15, 2015.
Munich/Germany – Worldwide demand for pumps that transfer liquid is set to increase in the coming years at an annual rate of around 5.5 percent, with the expected market volume reaching USD 84 billion in 2018. This is one finding of a recent study by international market researchers Freedonia. Alongside the oil and gas industry, as well the chemicals industry, water management is one of the main fields of application for pumps. According to the analysts at Freedonia, two factors are driving the demand for pumps worldwide: The first is that developing and newly industrializing countries are gradually improving their water and wastewater infrastructure, and the second is that the industrialized nations are replacing and upgrading their now ageing facilities.
Sales in Asia
In particular Asian countries, such as China and India, will account for a considerable proportion of future demand for modern pump solutions. Consultants Frost & Sullivan, for example, expect annual sales of displacement pumps in China to rise from around USD 1.19 billion in 2013 to around 2.01 billion in 2018. This represents a rate of increase year-on-year of eleven percent. For India, the international market researchers and consultants TechSci Research forecast an average annual growth in the market of twelve percent between 2015 and 2020.
Among the most important drivers behind this development, say the analysts, is Indian agriculture, which is increasingly drawing on ground water for irrigation purposes. Business is also being boosted as a result of state initiatives to improve the water infrastructure and drinking water supplies across the subcontinent. And, last but not least, the industrial sector is making a significant contribution to the pumps market in India, namely in power stations, chemical companies and water and wastewater processing facilities. In this connection, the report by TechSci cites the rapid expansion in the use of desalination technology in India. In the coming years around 15 such installations are expected to go into service, and high-performance pumps are an essential part of the technology that goes into them.
According to a report by the Tata Strategic Management Group in cooperation with the Federation of Indian Chambers of Commerce and Industry, sales of centrifugal and displacement pumps in India reached the equivalent of USD 1.34 billion in the financial year 2012/13.
The pumps market in India has considerable potential — all of which adds up to an excellent basis for exhibitors and visitors doing business at the upcoming IFAT India.
Further information on IFAT India: www.ifat-india.com.