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Messe München GmbH
Adres: | Messegelände | 81823 München | Germany |
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Wiadomość: Expanding market for pumps in India
19-06-2015· Drinking water supply and wastewater treatment are driving the market
· High demand from Asian countries
· Indian water pumps market expected to grow annually by 12%
Expanding market for pumps in India
· Drinking water supply and wastewater treatment are driving the market
· High demand from Asian countries
· Indian water pumps market expected to grow annually by 12%
Technology for processing drinking water and treating wastewater—and the many kinds of pumps needed for this—is one of the main exhibition sections at IFAT India. India´s leading environmental technology fair will be taking place for the third time at the Bombay Exhibition Centre (BEC) in Mumbai, between October 13 and 15, 2015. This event will again be bringing together decision-makers and users of this technology with the international companies that supply high-tech products and services, including from the pumps segment.
Demand for pumps is rising
Worldwide demand for pumps that transfer liquid is set to increase in the coming years at an annual rate of around 5.5 percent, with the expected market volume reaching USD 84 billion in 2018. This is one finding of a recent study by international market researchers Freedonia. Alongside the oil and gas industry, as well the chemicals industry, water management is one of the main fields of application for pumps. According to the analysts at Freedonia, two factors are driving the demand for pumps worldwide: The first is that developing and newly industrializing countries are gradually improving their water and wastewater infrastructure, and the second is that the industrialized nations are replacing and upgrading their now ageing facilities.
Sales in Asia
In particular Asian countries, such as China and India, will account for a considerable proportion of future demand for modern pump solutions. Consultants Frost & Sullivan, for example, expect annual sales of displacement pumps in China to rise from around USD 1.19 billion in 2013 to around 2.01 billion in 2018. This represents a rate of increase year-on-year of eleven percent.
For India, the international market researchers and consultants TechSci Research forecast an average annual growth in the market of twelve percent between 2015 and 2020.
Among the most important drivers behind this development, say the analysts, is Indian agriculture, which is increasingly drawing on ground water for irrigation purposes. Business is also being boosted as a result of state initiatives to improve the water infrastructure and drinking water supplies across the subcontinent. And, last but not least, the industrial sector is making a significant contribution to the pumps market in India, namely in power stations, chemical companies and water and wastewater processing facilities. In this connection, the report by TechSci cites the rapid expansion in the use of desalination technology in India. In the coming years around 15 such installations are expected to go into service, and high-performance pumps are an essential part of the technology that goes into them.
According to a report by the Tata Strategic Management Group in cooperation with the Federation of Indian Chambers of Commerce and Industry, sales of centrifugal and displacement pumps in India reached the equivalent of USD 1.34 billion in the financial year 2012/13.
The pumps market in India has considerable potential—all of which adds up to an excellent basis for exhibitors and visitors doing business at the upcoming IFAT India.
Further information on IFAT India: www.ifat-india.com.
About IFAT India
IFAT India is India’s leading environmental trade fair for technology and services in the water, sewage, refuse and recycling segments. The last event, covering approximately 5,000 square meters of exhibition space, attracted 123 exhibitors from 19 countries, and 4,782 trade visitors. The trade fair takes place annually in the Bombay Exhibition Centre (BEC) in Mumbai—the dates for the next event are October 13 to 15, 2015.
IFAT worldwide
Messe München International supports the environmental technology sector by organizing not only IFAT, the world’s leading trade fair for the sector, but also a range of other international environmental trade fairs at locations around the globe. These comprise IE expo in Shanghai, IFAT Eurasia in Ankara, IFAT India in Mumbai and the IFAT Environmental Technology Forum in Johannesburg.
Messe München International
Messe München International is one of the world’s leading trade show companies. In Munich alone it organizes around 40 trade shows for capital and consumer goods, and key high tech industries. Each year more than 30,000 exhibitors and around two million visitors take part in the events held at the Messe München exhibition center, the ICM – International Congress Center München, and in the MOC Veranstaltungscenter München. The leading international trade fairs of Messe München International are all independently audited.
In addition, Messe München International organizes trade shows in China, India, Turkey and South Africa. With a combination of affiliates abroad – in Europe, Asia and in Africa – and over 60 foreign representatives actively serving over 100 countries, Messe München International has a worldwide business network. The Group also takes a pioneering role as regards sustainability: It is the first trade-fair company to be awarded energy-efficiency certification from the technical inspection authorities TÜV SÜD.
For further questions, please feel free to contact me.
Kind regards,
Liza Paul
MESSE MÜNCHEN GMBH
Messegelände
81823 München
Deutschland/Germany
Tel. +49 89 949-21502
Fax +49 89 949 97-21502
liza.paul@messe-muenchen.de
www.messe-muenchen.de
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