Agricultural Pumps

Agricultural Pumps

Global Agricultural Pumps Market to Reach US$7.4 Billion by 2030

The global market for Agricultural Pumps estimated at US$5.1 Billion in the year 2023, is expected to reach US$7.4 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2023-2030. Rotodynamic Pumps, one of the segments analyzed in the report, is expected to record a 5.8% CAGR and reach US$4.4 Billion by the end of the analysis period. Growth in the Positive Displacement Pumps segment is estimated at 5.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.4 Billion While China is Forecast to Grow at 9.0% CAGR

The Agricultural Pumps market in the U.S. is estimated at US$1.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 9.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.2% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Global Agricultural Pumps Market- Key Trends and Drivers

Agricultural pumps are essential components in farming operations, used for a variety of purposes such as irrigation, pesticide and fertilizer application, and drainage. These pumps facilitate the movement of water and other fluids, ensuring that crops receive the necessary resources for growth across vast areas of farmland. The main types of agricultural pumps include centrifugal, submersible, and turbine pumps, each suited for different applications. Centrifugal pumps are widely used for surface irrigation and are favored for their ability to pump large volumes of water at relatively low pressures. Submersible pumps, on the other hand, are used for deep well applications, drawing water from beneath the ground surface to supply overhead tanks or direct irrigation systems. Turbine pumps are typically employed in scenarios requiring high-pressure outputs, essential for sprinkler or drip irrigation systems that cover large agricultural fields.

Technological advancements have significantly influenced the design and efficiency of agricultural pumps. Modern agricultural pumps are increasingly equipped with energy-efficient motors and smart controls that can adjust the flow rate and pressure according to specific needs, reducing water and energy consumption. Solar-powered pumps are gaining popularity, particularly in remote and arid regions where electricity is scarce or non-existent. These pumps provide a sustainable and cost-effective solution for farmers, eliminating the dependency on fossil fuels and reducing operational costs. Moreover, the integration of IoT technologies allows for remote monitoring and control of pump systems, enabling farmers to optimize their water usage and manage resources more effectively through data analytics.

The growth in the agricultural pumps market is driven by several factors, including global population growth, the expansion of irrigated farmland, and increasing investments in agricultural infrastructure. As the global population continues to rise, the demand for food production intensifies, prompting more extensive and efficient irrigation techniques. Governments and international bodies are also supporting the expansion of irrigation coverage as a means to boost crop yields and reduce food scarcity. Climate change and the variability of rainfall patterns have further underscored the importance of dependable irrigation systems, propelling the demand for advanced and efficient agricultural pumps. Additionally, trends towards sustainable farming and reduced environmental footprints are encouraging the adoption of solar and energy-efficient pump solutions, further stimulating market growth in the sector.

Select Competitors (Total 74 Featured) -

• C.R.I. Pumps Private Limited
• Comet S.p.A.
• Cornell Pump LLC
• Crompton Greaves Consumer Electricals Limited.
• EBARA Corporation
• Kirloskar Brothers Limited
• Mono Pumps Limited
• Pentair Plc
• Roto Pumps Limited
• Sam Turbo Industry Private Limited
• Shimge Pump Industry Group Co., Ltd
• The Gorman-Rupp Company
• TORREN Pumps
• Tsurumi Manufacturing Co., Ltd.
• Wilo - Scot Pump;

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