India Single-Cylinder Pumpset Market To Reach
The Indian single-cylinder pumpset market is projected to exhibit a CAGR of 5.3% during this decade and generate revenue of $1,834.3 million by 2030. The rise in the population is putting a strong pressure on the agricultural sector, which, along with the strong government support to the industrial sector, is supporting the market boom. A single cylinder pumpset is essentially a water pump connected to a diesel engine that has one cylinder.
The rising population is propelling the Indian single cylinder pumpset market by leading to the increment in the pressure on the agricultural sector. As per the United Nations World Population Prospects 2019 report, the population in India grew by 1.04%, to 1.36 billion, in 2019. This is propelling the demand for food crops, cash crops, horticulture crops, and other crops. For fulfilling this demand, pumpsets are widely used on arable land.
The government support to the industrial sector, in part, under the Make in India initiative, is another key factor propelling the sale of single cylinder pumpsets in the country. These machines are used widely in the oil & gas, power generation, and water & wastewater management sectors. For example, the Deen Dayal Upadhyay Gram Jyoti Yojana and Integrated Power Development Scheme have been implemented to support electrification in India. With such supportive schemes, the use of pumpsets will increase in the coming years.
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The Indian single cylinder pumpset market, when segmented based on power rating, was led by the below 5HP category, in terms of value, in 2019. This is attributed to the increment in the adoption of these pumpsets in small-scale commercial spaces. Below 5HP pumps are also used for livestock watering and irrigation purposes. Since most of the farmers in the country are not wealthy, the cheap below-5HP pumpsets give them the ability to get their yield up without investing huge sums.
The diesel category will generate the highest revenue the market in the coming years, based on fuel type. This can be credited to the lower cost of diesel and higher fuel efficiency of the pumpsets that run on it. Moreover, compared to gasoline (petrol), diesel has around 15% more energy per unit volume. One liter of diesel has 36.9 Megajoules of energy compared to the 33.7 Megajoules per liter of petrol.
Among the various categories of the end use segment, agriculture is set to witness the fastest Indian single cylinder pumpset market growth. The increasing usage of pumpsets for irrigation and livestock watering will be responsible for this. To fulfill the food demand of the nation, the agrarian community is rapidly deploying pumpsets on arable land. Because of sustained government efforts in the last 40 50 years, the dependence on seasonal rainfall has reduced and that on irrigation canals and underground water has risen, thereby driving pumpset usage.
Uttar Pradesh held the largest share in the Indian single cylinder pumpset market in 2019 due to the increasing requirement for these machines within the industrial and agricultural sectors. Punjab & Haryana are expected to exhibit the fastest growth in pumpset sales in the coming years due to the large scale of agricultural activities. All these three states have vast tracts of arable land and are among the most agriculturally productive in the nation.
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Thus, the market will boom with the increase in the scale of agriculture and government support to the industrial sector.
India Single Cylinder Pumpset Market Size Breakdown by Segment
Based on Power Rating
• Below 5 HP
• 5.1 HP 10 HP
• 10.1 HP 15 HP
Based on Fuel Type
• Diesel
• Gasoline
Based on End Use
• Industrial
• Agriculture
• Commercial
Based on Engine Capacity
• Below 150 cc
• 150 cc 300 cc
• 301 cc–600 cc
Based on 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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