The Indian single-cylinder pumpset market is projected to exhibit a CAGR of 5.3% during this decade and generate revenue of $1,834.3 million by 2030. The rise in the population is putting a strong pressure on the agricultural sector, which, along with the strong government support to the industrial sector, is supporting the market boom. A single-cylinder pumpset is essentially a water pump connected to a diesel engine that has one cylinder.

The rising population is propelling the Indian single-cylinder pumpset market by leading to the increment in the pressure on the agricultural sector. As per the United Nations World Population Prospects 2019 report, the population in India grew by 1.04%, to 1.36 billion, in 2019. This is propelling the demand for food crops, cash crops, horticulture crops, and other crops. For fulfilling this demand, pumpsets are widely used on arable land.

The government support to the industrial sector, in part, under the Make in India initiative, is another key factor propelling the sale of single-cylinder pumpsets in the country. These machines are used widely in the oil & gas, power generation, and water & wastewater management sectors. For example, the Deen Dayal Upadhyay Gram Jyoti Yojana and Integrated Power Development Scheme have been implemented to support electrification in India. With such supportive schemes, the use of pumpsets will increase in the coming years.

The diesel category will generate the highest revenue the market in the coming years, based on fuel type. This can be credited to the lower cost of diesel and higher fuel efficiency of the pumpsets that run on it. Moreover, compared to gasoline (petrol), diesel has around 15% more energy per unit volume. One liter of diesel has 36.9 Megajoules of energy compared to the 33.7 Megajoules per liter of petrol. Thus, the market will boom with the increase in the scale of agriculture and government support to the industrial sector.

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