Agricultural Pumps Market Outlook: Size, Share, Trends & Growth Analysis (2024-2029) 

The market report presents a thorough analysis segmented by Type (Rotodynamic Pumps, Positive Displacement Pumps); by Power Source (Electricity Grid-connection, Diesel/Petrol, Solar); by Horse Power (0.5 to 3, 4 to 15, 16 to 30, 31 to 40, >40); by End User (Irrigation, Livestock Watering); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Outlook

• The agricultural pumps market is estimated to be at USD 6,158.67 Mn in 2024 and is anticipated to reach USD 8,148.67 Mn in 2029. 

• The agricultural pumps market is registering a CAGR of 5.76% during the forecast period of 2024-2029. 

• The global agriculture pump market is experiencing steady growth, driven by the increasing demand for efficient irrigation systems and advancements in pump technologies. The growing need to optimize water usage in agriculture and government initiatives supporting sustainable farming practices are boosting market expansion. 

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Ecosystem 

• The global agricultural pumps industry participants are always developing strategies to preserve a competitive advantage. 

• These companies innovate and sustain themselves through strategic investments, product development, and technologically advanced and environmentally sustainable pumping solutions. 

• Several important entities in the agricultural pumps market include Xylem Inc.; Shakti Pumps Ltd.; Lindsay Corp.; Shimge Pump Industry Group Co., Ltd.; Zhejiang Dayuan Pump Co., Ltd.; and others. 

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Findings 

Attributes	Values
Historical Period	2018-2022
Base Year	2023
Forecast Period	2024-2029
Market Size (2024)	USD 6,158.67 Mn
Market Size (2029)	USD 8,148.67 Mn
Growth Rate	5.76% CAGR from 2024 to 2029
Key Segments	Type (Rotodynamic Pumps, Positive Displacement Pumps); Power Source (Electricity Grid-connection, Diesel/Petrol, Solar); Horse Power (0.5 to 3, 4 to 15, 16 to 30, 31 to 40, >40); End User (Irrigation, Livestock Watering); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa)
Key Vendors	Xylem Inc.; Shakti Pumps Ltd.; Lindsay Corp.; Shimge Pump Industry Group Co., Ltd.; Zhejiang Dayuan Pump Co., Ltd.
Key Countries	The US; Canada; Mexico; Brazil; Argentina; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Israel; UAE; Saudi Arabia; Egypt; South Africa
Largest Market	Asia Pacific

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Trends  

• Hybrid Pumping Systems: Hybrid pumping systems, which integrate solar and grid power, are increasingly being adopted to address the challenges of unreliable electricity for irrigation. Combining solar panels with traditional grid electricity ensures a consistent water supply, regardless of power fluctuations. 

• Solar-Powered Pumps: Solar-powered pumps are gaining emphasis due to their cost-effectiveness and sustainability. They provide a reliable and eco-friendly solution in remote or off-grid areas. In January 2024, HortiNigeria introduced Kubura Hassan and her women’s group in Kano to solar-powered irrigation, encouraging environmentally sound farming practices. 

• Integration of IoT and Smart Technologies: Integrating IoT (Internet of Things) and smart technologies in pumps revolutionizes precision agriculture by enhancing water usage efficiency and cutting operational costs. These advancements allow for real-time monitoring and automated adjustments, leading to better resource management and increased crop yields. 

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Catalysts 

• Increasing Adoption of Efficient Irrigation Systems: The shift towards micro-irrigation systems like drip and sprinkler irrigation is driving the demand for agriculture pumps. In 2023, India’s Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) program continued to promote micro-irrigation, leading to increased sales of pumps suitable for these systems. 

• Government Subsidies and Support Programs: Governments worldwide are offering subsidies and incentives to encourage farmers to adopt advanced agricultural pumps, aiming to boost productivity and sustainability. These financial supports help reduce the initial investment costs and promote the use of energy-efficient and water-conserving technologies. 

• Expansion of Agriculture in Arid and Semi-Arid Regions: The expansion of agricultural activities in arid and semi-arid regions is significantly increasing the demand for robust and reliable pumping systems. These systems are crucial for efficiently accessing and distributing limited water resources to sustain crop growth and improve yield. As climate variability and water scarcity become more pressing, advanced pumping technologies are essential to optimize water use and support agricultural productivity. 

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Restraints 

• High Initial Costs of Advanced Pumping Systems: The substantial initial investment required for advanced irrigation pumps, including solar-powered and IoT-enabled models, presents a significant hurdle for small-scale farmers. These costs can be too high for many, restricting access to the latest technologies that could improve efficiency and productivity and ultimately limiting their potential for sustainable agricultural practices. 

• Water Resource Depletion and Management Issues: Depleting groundwater levels and unsustainable water management practices severely impact the effectiveness of agricultural pumps. As water sources become increasingly strained, the efficiency of these pumps diminishes, leading to higher operational costs and reduced agricultural output. 

• Infrastructure Limitations in Rural Areas: Inadequate rural infrastructure, including unreliable electricity and poor transportation networks, significantly hampers the effectiveness of both electric and solar-powered agricultural pumps. These infrastructure gaps impede pumping system installation and maintenance and limit operational efficiency and reliability. 

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Table of Contents 

1.       Introduction         1.1.    Research Methodology         1.2.    Scope of the Study  2.       Market Overview / Executive Summary         2.1.    Global Agricultural Pumps Market (2018 – 2022)         2.2.    Global Agricultural Pumps Market (2023 – 2029)  3.       Market Segmentation         3.1.    Global Agricultural Pumps Market by Type                 3.1.1.    Rotodynamic Pumps                3.1.2.    Positive Displacement Pumps         3.2.    Global Agricultural Pumps Market by Power Source                3.2.1.    Electricity Grid-connection                3.2.2.    Diesel/Petrol                3.2.3.    Solar         3.3.    Global Agricultural Pumps Market by Horse Power                3.3.1.    0.5 to 3                3.3.2.    4 to 15                3.3.3.    16 to 30                3.3.4.    31 to 40                3.3.5.    >40         3.4.    Global Agricultural Pumps Market by End User                3.4.1.    Irrigation                3.4.2.    Livestock Watering  4.       Regional Segmentation         4.1.    North America                4.1.1.    The US                4.1.2.    Canada                4.1.3.    Mexico         4.2.    South America                4.2.1.    Brazil                4.2.2.    Argentina                4.2.3.    Colombia                4.2.4.    Chile                4.2.5.    Rest of South America         4.3.    Asia Pacific                4.3.1.    China                4.3.2.    India                4.3.3.    Japan                4.3.4.    South Korea                4.3.5.    Rest of Asia Pacific         4.4.    Europe                4.4.1.    The UK                 4.4.2.    Germany                4.4.3.    Italy                4.4.4.    France                4.4.5.    Spain                4.4.6.    Rest of Europe         4.5.    The Middle East                4.5.1.    Turkey                4.5.2.    UAE                4.5.3.    Saudi Arabia                4.5.4.    Rest of the Middle East         4.6.    Africa                4.6.1.    Egypt                4.6.2.    South Africa                4.6.3.    Rest of Africa  5.       Value Chain Analysis of the Global Agricultural Pumps Market  6.       Porter Five Forces Analysis         6.1.    Threats of New Entrants         6.2.    Threats of Substitutes         6.3.    Bargaining Power of Buyers         6.4.    Bargaining Power of Suppliers         6.5.    Competition in the Industry  7.       Trends, Drivers and Challenges Analysis         7.1.    Market Trends         7.1.1.    Market Trend 1         7.1.2.    Market Trend 2         7.1.3.    Market Trend 3         7.2.    Market Drivers         7.2.1.    Market Driver 1         7.2.2.    Market Driver 2         7.2.3.    Market Driver 3         7.3.    Market Challenges         7.3.1.    Market Challenge 1         7.3.2.    Market Challenge 2         7.3.3.    Market Challenge 3  8.       Opportunities Analysis         8.1.    Market Opportunity 1         8.2.    Market Opportunity 2         8.3.    Market Opportunity 3  9.       Competitive Landscape         9.1.    Xylem Inc.         9.2.    Shakti Pumps Ltd.         9.3.    Lindsay Corp.         9.4.    Shimge Pump Industry Group Co., Ltd.         9.5.    Zhejiang Dayuan Pump Co., Ltd.         9.6.    Company 6         9.7.    Company 7         9.8.    Company 8         9.9.    Company 9         9.10.  Company 10

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Agricultural Pumps Market – FAQs 

1.  What is the current size of the agricultural pumps market? 

Ans. In 2024, the agricultural pumps market size is 6,158.67 Mn USD. 

2.  Who are the major vendors in the agricultural pumps market?  

Ans. The major vendors in the agricultural pumps market are Xylem Inc.; Shakti Pumps Ltd.; Lindsay Corp.; Shimge Pump Industry Group Co., Ltd.; Zhejiang Dayuan Pump Co., Ltd. 

3.  Which segments are covered under the agricultural pumps market segments analysis?  

Ans. The agricultural pumps market report offers in-depth insights into Type, Power Source, Horse Power, End User, and Geography.