- New pumping-dedicated products & solutions to help customers optimise pumping system performance
- The India pumps market projected to exceed INR 190.2 billion by 2019 driven by industrial and macro-economic factors
New Delhi: August 1, 2017 – Schneider Electric, the global specialist in energy management and automation, today expanded the range of its smart pumping solutions, under its automation portfolio, with the launch of AltivarTM, ModiconTM, and MagelisTM pumping products. The new devices, when combined with MachineStruxureTM automation solutions, helps build and manage flexible, connected, and efficient pumping systems across industries such as infrastructure, building, water & wastewater, oil & gas and food & beverage.
The India pumps market is estimated to grow at a considerable CAGR and is projected to exceed INR 190.2 billion by 2019 driven by industrial and macro-economic factors. Also, India Industrial Pump market is projected to grow at 12% CAGR till 2020 that is expected to drive demand for smart pumping solution pertaining to Industrial, Agricultural and domestic pumping solutions.
The country’s industrial sector constitutes a significant chunk of India’s pumps market with applications across power plants, chemical manufacturing and water & waste water treatment. Government efforts to improve infrastructure, water supply and sanitation services across the country along with recovery in real estate construction are expected to further drive the demand and use of pumping solutions in the country.
A “Smart Pumping” system has the ability to combine greater efficiencies with sensors and software to regulate and control flow and pressure. Smart Pumping solutions ensure business profitability by collecting and managing real-time information on system performance and enable organisations to make better business decisions.
Commenting on the growing need for smart pumping solutions across industries, Mr. Meenu Singhal, Vice president Industry Business, Schneider Electric India said, “We are at a juncture of mega-trends like industrialization and urbanization, where energy efficiency is at the core of every business, and to ensure efficiency it is key leverage the current industrial trends of, connectivity, IIoT and automation. Our smart pumping solutions are aimed at enabling our end users with advanced technology, improved system performance, and optimised costs. Our expertise help them achieve a competitive advantage and business sustainability”
Energy efficiency is a key concern in Indian industrial sector as a quarter of the energy consumed by industrial motors is used by pumps. It is estimated that close to 75% of pump systems in India are oversized, many by more than 20%. Further, electricity costs account for 40% of the total cost of ownership (TCO) of a pump.
In addition to this, Government of India’s efforts to improve infrastructure, water supply and sanitation services across the country along with recovery in real estate construction, are expected to further drive the demand and use of pumping solutions in the country.
Scarcity of water resources, rapid growth in urban population, stringent environmental regulations and process inefficiencies are some of the key challenges faced by India. Schneider’s products are designed to address these challenges and represent the company’s unique expertise to deliver industry-leading integrated solutions for water solutions and distribution. The company also provides support throughout the life cycle of a pumping system, from design and engineering to on-site maintenance services provided to optimise pumping system performance and increase business efficiency.
MachineStruxure solutions, including hardware, software, the full scope of Schneider Electric industry-specific know-how, and services, enable building tailor-made pumping systems faster and easier. Smart products & solutions from Schneider Electric’s comprehensive catalogue, such as the Altivar™ Process, Modicon controllers and the Magelis HMI, facilitate customisation through embedded pumping-related functionalities.
