Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Agriculture & Irrigation Pumps Market, The Global Agriculture & Irrigation Pumps Market size was valued at around USD 4.86 billion in 2024 and is projected to reach USD 4.86 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.94% during the forecast period, i.e., 2025-30. The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Agriculture & Irrigation Pumps Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2025-2030
• Market Size in 2024: USD 3.83 billion
• CAGR (2025-2030): 4.94%

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Global Agriculture & Irrigation Pumps Market Segmentation Breakdown:

• By Type
  • Centrifugal Pumps
    • Overhung Pumps- Market Size & Forecast 2020-2030, USD Million
      • Vertical Inline- Market Size & Forecast 2020-2030, USD Million
      • Horizontal End Suction- Market Size & Forecast 2020-2030, USD Million
    • Split Case Pumps- Market Size & Forecast 2020-2030, USD Million
      • Single/Two Stage- Market Size & Forecast 2020-2030, USD Million
      • Multi Stage- Market Size & Forecast 2020-2030, USD Million
    • Vertical Pumps- Market Size & Forecast 2020-2030, USD Million
      • Turbine- Market Size & Forecast 2020-2030, USD Million
        • Solid Handling- Market Size & Forecast 2020-2030, USD Million
        • Non-solid Handling- Market Size & Forecast 2020-2030, USD Million
      • Axial- Market Size & Forecast 2020-2030, USD Million
      • Mixed Flow- Market Size & Forecast 2020-2030, USD Million
    • Submersible Pumps
      • Solid Handling- Market Size & Forecast 2020-2030, USD Million
      • Non-solid Handling- Market Size & Forecast 2020-2030, USD Million
    • Positive Displacement Pumps
      • Diaphragm Pumps- Market Size & Forecast 2020-2030, USD Million
      • Piston Pumps- Market Size & Forecast 2020-2030, USD Million
      • Progressive Cavity Pumps- Market Size & Forecast 2020-2030, USD Million
      • Peristaltic Pumps- Market Size & Forecast 2020-2030, USD Million

Centrifugal pumps lead the market among all these different types of pumps by holding more than 90% share of the Global Agriculture & Irrigation Pumps Market.

• By Power Source
  • Electricity - Market Size & Forecast 2020-2030, USD Million
  • Diesel- Market Size & Forecast 2020-2030, USD Million
  • Renewables - Market Size & Forecast 2020-2030, USD Million

The market for agriculture & irrigation pumps in the segmentation based on the power source category is dominated by electricity power with more than 60% market share.

• By Horse Power
  • 5 to 5 HP - Market Size & Forecast 2020-2030, USD Million
  • 6 to 20 HP- Market Size & Forecast 2020-2030, USD Million
  • 21 to 100 HP - Market Size & Forecast 2020-2030, USD Million
  • 101 to 200 HP – Market Size & Forecast 2020-2030, USD Million
  • Above 200 HP - Market Size & Forecast 2020-2030, USD Million

Geographical Growth Insights:

• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

North America has the highest share over all the major regions contributing to the Global Agriculture & Irrigation Pump Market, and accounts for almost 36% market share.

MarkNtel Advisors Highlights Key Market Drivers for Agriculture & Irrigation Pumps Market:

Increasing Demand from Irrigation Industry –  Major countries in agriculture across the globe are the United States, China, Brazil, Russia, India, Turkey, France, Mexico, Canada, Germany, etc. These countries are continuously making efforts to sustain agricultural productivity and progress in irrigation facilities, to meet the global food demands of the rising population. In India, almost 60% of the total land comes under agriculture. Thus, there is increasing focus on the installation of solar pumps in this region. As per PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan), the goal is to replace almost 1.5 million already installed electric pumps with solar agricultural pumps by the year 2026. In addition to this, the scheme further aims to install 2 million new solar agricultural pumps.

In 2023, India organized a summit named “Smart Irrigation Summit” in collaboration with the Irrigation Association of India. The main objective of this summit was to discuss more resilient options & technological advancements that can be made for agriculture & irrigation.  Thus, to sustain agricultural productivity and yield production, efforts are being made to provide proper irrigation facilities to the farmers, which further enhances the demand for agriculture pumps.

A Comprehensive Analysis of Leading Companies in Global Agriculture & Irrigation Pumps Market

Grundfos Group, Xylem Inc., KSB SE & Co. KGaA, Franklin Electric, Flowserve Co., Armstrong Fluid Technology, ITT Inc., SPX FLOW, Inc., Sulzer Ltd., Ebara Corporation, PSG Dover, WILO SE, Kirloskar Brothers Limited (KBL), Weir Group PLC, Torishima Pump Mfg. Co. Ltd., Pentair Plc., Patterson Pump Company, and others

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Global Agriculture & Irrigation Pumps Industry Recent Development:

• September 2024: KSB SE & Co. KGaA is launching a new intelligent submersible motor pump under the name AmaRex Pro for wastewater management applicable in multiple industries.
• June 2023: Sulzer Ltd. launched a closed impeller to its AHLSTAR A single-stage pump range. It supports all types of liquids that are used in industrial applications.

What are the growth Challenge driving the Global Agriculture & Irrigation Pumps Market?

Heavily Fluctuating Raw Material Prices of Agriculture Pumps – The prices of key raw materials of agriculture & irrigation pumps such as cast iron, steel, bronze, etc., have been fluctuating from 2021 to 2024. Further, the global steel prices were as high as USD 2,200 per ton in 2022, which was reduced to USD  765 in 2024 per ton & expected to reach USD 730 per million tons by 2025. Global prices for iron ore were around USD 100 per ton in 2023 and reduced to USD 90 per ton, which is further expected to reduce to USD 70 per ton by 2026. Thus, the fluctuation in prices of steel and iron ore makes it difficult for the manufacturers to reduce their input costs.

The overcapacity of steel production in China was one of the primary reasons for this volatility, as the manufacturers started dumping in the international markets which invited anti-dumping duties from various countries, again impacting the prices. Moreover, the military conflict in Europe and the Middle East near various important trade routes has increased the transportation & cargo insurance costs for the commodity exporters. Thus, the increased cost is eventually passed on to the consumers, further affecting the overall market growth of pump manufacturing companies.

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key subsegments, benefiting both market leaders and new entrants.

Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.

Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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