Future Pump Industry in India

While India has over 17% of the world population, its pump business is only 1.75% of the global pump set business. These are important and critical times for the pump industry. The consolidation phase in the international pump industry is continuing with a number of acquisitions happening for reasons of strategic fit and market expansion. This has interesting ramifications for the Indian market from the point of view of future market leadership.

With the increasing scarcity and rising cost of water, its proper and efficient transportation is gaining importance. Pumps consume the major component of energy in an industry and rising energy costs are a big concern. Water transportation experts are forever working on reducing friction and bending losses and reducing the operating costs by using more energy efficient pumps. The challenge for all utility professionals is to select, design and operate more rugged, more reliable water transportation systems that need less maintenance and lower downtime.

Reducing the operational and maintenance costs remains the biggest requirement. With rising energy costs, the demand is to reduce frictional losses and transfer more water with less energy. System design and the material selection play a critical role in this demand.

While the Indian pump market is expected to grow at 10 percent, there is a high degree of competition from local, national and international players. The industry needs to work on production, manufacturing process and the right infrastructure. Improving efficiency and raising competitiveness would go a long way in growing the sector.

A special word on the emerging materials of construction. Evolution in new metallic materials has led to new grades and alloys that can successfully perform over more difficult environments. Developments in polymer chemistry have led to newer plastic grades that are similarly better suited. The objective is to develop materials which have longer life, lesser weight, are more corrosion-resistant and have more tensile strength. It will be interesting to see the trends in the evolution of material science and how it affects the pump industry.

Maintaining the pumping system over its lifetime is another challenge for users and utility providers. Preventing deterioration in performance is a function of initial design, material selection, preventive maintenance programmes and monitoring devices. Increase in pumping energy costs due to frictional losses and system downtime costs also need to be factored in the calculations.

The pump industry needs to invest into R&D and new product development to adjust to the changing customer requirements. This is one field where profitability and growth can come only by pumping ahead.

The industry needs to work on production, manufacturing process and the right infrastructure. Improving efficiency and raising competitiveness would go a long way in growing the sector.