A Swedish player was looking to understand the size and potential of the vertical turbine pump market in India. Based on the findings, the client aimed to evaluate the feasibility of entering the Indian market through contract manufacturing, importing or own manufacturing.
Moreover, they showed particular interest in the application of vertical pumps across various industries. Infogence supported this initiative by conducting thorough primary research, providing valuable insights to guide its Market Assessment.
Market Overview: India’s vertical turbine pump (VTP) market is growing rapidly, driven by rising industrialization and expanding infrastructure. Consequently, continued industrial growth has increased demand for efficient pumps, especially VT Pumps, across Agriculture, Water Supply, and Manufacturing. As a result, users prefer VT Pumps for their high flow rates and adaptability to varying head conditions. These pumps effectively serve diverse applications, ranging from Irrigation to Industrial water supply systems.
The market reached $xxx Mn by Value and xxxxx Units by Volume by 2024. It is expected to grow to $xxx Mn by 2028, achieving a CAGR of 10%. Furthermore, rising demand for irrigation and wastewater treatment continues to fuel this growth. In addition, expanding industrial infrastructure increases the need for efficient and reliable pump solutions.
Key Questions Addressed: To guide the manufacturer, Infogence explored several critical questions:
- Market Size: What is the market value and volume for vertical turbine pumps?
- Segmentation: How is the market segmented by Brands, Applications, Industries and Geography?
- Competitive Landscape: Who are the major competitors, and what are their market shares, go-to-market strategies, and service structure?
- Growth Opportunities: What are the growth opportunities and challenges in vertical turbine pumps?
- Five-Year Outlook: What is the outlook for the next five years?
Research Methodology: To begin with, we employed extensive qualitative primary research to analyze both demand and supply sides of the market. Specifically, we engaged with over 115+ stakeholders. These included competitors, distributors, importers, end users, contractors, OEMs, EPCs, consultants, and experts. As a result, this wide-ranging engagement enabled us to deliver a detailed and well-rounded market assessment.
Strategic Recommendations: We suggested the Swedish player to increase their reach by way of Partnerships, Distributors & Service networks across India. Based on our findings, the Swedish player gained valuable insights and decided to implement an integrated market expansion strategy.
Conclusion: Through extensive primary research, Infogence provided the Swedish player with a clear view of the Indian vertical turbine pump market across industries. The insights guided decisions on market expansion, opportunity sizing, segment prioritization, and target customer focus—strategically positioning the company to tap into growing demand over the next five years.