A German player was looking to understand the size and potential of the canned motor pumps market in India. Based on the findings, the client aimed to evaluate the feasibility of entering the Indian market.
They showed particular interest in the application of canned motor pumps across various industries. Infogence supported this initiative by conducting thorough primary research, providing valuable insights to guide its India Market Entry Strategy.
Market Overview: India’s canned motor pump market is poised for rapid growth, driven by industrialization and rising demand across Chemicals, Petrochemicals, Oil & Gas, and Pharma sectors—especially for handling volatile fluids like LNG and ammonia.
The market achieved $xxx Mn in Value and xxxxx units in Volume in 2024. We expect it to grow to $xxx Mn by 2028, with a compound annual growth rate (CAGR) of 9%. Their leak-free, airtight, energy-efficient, and low-maintenance design is accelerating adoption, further fueled by infrastructure projects such as Metro and Rail.
Key Questions Addressed: To guide the manufacturer, Infogence explored several critical questions:
- Market Size: What is the market value and volume for canned motor pumps used for Oil & Gas, Chemical & Pharma, Refinery, Power Plant, Cold Storage, etc.
- Segmentation: How is the market segmented by Brands, Industries, Applications, and Geography?
- Competitive Landscape: Who are the major competitors, and what are their market shares and go-to-market strategies, and distribution structure?
- Growth Opportunities: What are the growth opportunities and challenges in Canned Motor Pumps segment?
- Five-Year Outlook: What is the outlook for the next five years?
Research Methodology: We employed extensive qualitative primary research to analyze both the demand and supply sides. To that end, we engaged with over 100+ stakeholders. These included competitors, distributors, importers, end users, contractors, OEMs, EPCs, consultants, and industry experts. Through this approach, we ensured a broad and balanced perspective. Consequently, this comprehensive engagement provided a detailed and well-rounded assessment of the market.
Conclusion: Infogence conducted in-depth primary research and helped the German player understand the Indian canned motor pump market across industries and design a Market Entry Strategy accordingly. This research, helped in key decisions regarding market entry, opportunity assessment, segment prioritizations, and target customer identification. The strategic approach has positioned our client to capitalize on the growing demand in this niche sector over the next five years.
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