As of 2023, the import of pumps for liquids to India stood at $1.29 billion. Forecasted data shows a steady increase from $1.3319 billion in 2024 to $1.495 billion by 2028. This indicates a consistent upward trend. The year-on-year increase starts at 3.1% for 2025, gradually slowing to about 2.7% in 2028, signaling a stable growing demand.
Over the 5-year forecast period from 2024 to 2028, the compounded annual growth rate (CAGR) is approximately 2.92%, demonstrating a modest but continuous expansion in the import market of pumps for liquids.
Future trends to watch for include:
- India's infrastructure development and industrialization which may increase demand.
- Technological advancements in pump efficiency impacting import volumes.
- Government policies on trade tariffs that could affect import dynamics.