- The key vendors in the pumps market in India 2015-2019 are Kirloskar Brothers Ltd., CRI, KSB AG, Crompton Greaves, Jyoti, Grundfos, WPIL Limited, Dynamatic Technologies and Texmo
London, 28 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the pumps market in India 2015-2019. Market consolidation is one of the key trends being witnessed in this market. Vendors are developing pump sets optimized by rapid changes in technology, customer requirements, and economic and climatic conditions. This has led to a rising number of acquisitions in the market. The pumps market in India 2015-2019 is expected to grow at a CAGR of 12.76% over the forecast period of 2015-2019.
More end-users are focused on ways to enhance energy-efficiency measures by adopting the most technologically advanced pumps. The benefits of energy efficient pumps is encouraging end-users to replace their old pumps, thereby boosting the growth of the market.
“One of the major trends in the market is the increasing demand for integrated solutions such as motors, seals, drivers, and valves,” says Faisal Ghaus, Vice President of Technavio Research.
“Since the market is highly price-sensitive, most vendors differentiate their products with integrated solutions.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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