With an annual turnover of Rs200 billion and annual production of 4.5 million pumps, India’s pumps and valves industry is the fastest growing in the Asia Pacific region. The growing demand for pumps and valves by industries in almost all major sectors, especially oil and gas and water and wastewater, is a major inducement for further growth in India’s pumps and valves sector
Indian Pump Industry has been registering significant growth since last few years. Further, the demand for industrial pumps in India in terms of revenue is expected to grow at a CAGR of over 7% during the period 2021-2026. Read this blog to know the growing demand for industrial pumps in India.
