KIRLOSKAR BROTHERS LTD
Kirloskar Brothers Ltd, the flagship company of the
$1.2-billion Kirloskar Group of Pune, is one of the
world's leading manufacturers and suppliers of engineered
pumps, industrial pumps, agriculture pumps
and domestic pumps as well as the largest infrastructure
pumping project contractor in Asia.
The pump industry was severely affected by the
global slowdown in 2008-09. Developed countries
accounted for 60 per cent of the market in 2009. The
global pump market is expected to decline by 6.3 per
cent in 2010. The market declined in 2009-10 in both
industrial and developing countries although the
decline was smaller in developing countries.
These trends indicate a faster growth rate for developing
countries. The recovery underway has helped to
raise the demand for pumps. However, major growth
will be properly fuelled by developing countries in Asia,
South America and Africa, and indebtedness brought
by the financial crisis may hold back growth in the
industrial countries.
The factors affecting the growth of the global pump
industry are:
- Amidst concerns of global warming, climate change
and rising energy cost, energy-efficient and robust
pumping solutions can be the growth drivers for the
industry.
- Increasing demand for better water and wastewater
management technologies and solutions.
- Desalination and various filtration technologies are
witnessing huge demand globally.
- Proper selection of pump based on the application
may lead to a more consultative sales approach.