Pumps Market in India
About Pump Market
The global pump market is projected to grow at a CAGR of 5.47% during the forecast period, and is likely to reach $55.32 billion by the end of 2020. Though the global growth of the market is expected to be robust, the factors that fuel this growth will vary from region to region. In emerging economies such as India and China, growth in the pump market will primarily be the result of rapid industrialization as investments in the water infrastructure and power generation sectors grow. In the developed countries, improving manufacturing output will enable the growth of process manufacturing industries. In the US, improving economy and the boom in hydraulic fracking (fracturing) in the country’s oil and gas sector will accelerate the demand for pumps.
The analysts forecast the pumps market in India to grow at a CAGR of 9.66% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the pumps market in India for 2016-2020. To calculate the market size, the report considers the demand for pumps from various end-users. The average price of pumps has been taken into consideration for estimating the market revenue.
The market is divided into the following segments based on geography:
-Rest of India
Pumps Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors
-Sam Turbo Industry
To read the complete report at: http://www.marketreportsonindia.com/industry-mfg-market-research-reports-12704/pumps-india2.html
Related Research Reports: http://www.marketreportsonindia.com/market-research-report/industry-mfg.html?q=Pumps&ipage=&sortby=dd
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