Global Irrigation Pumps market report, size, share, trends and forecast to 2028

According to Stratistics MRC, the Global Irrigation Pumps Market is accounted for $12.3 billion in 2022 and is expected to reach $21.5 billion by 2028 growing at a CAGR of 9.8% during the forecast period.

Irrigation pumps are used to transfer water from one location to another by generating an appropriate pressure head. The water then flows into the agricultural fields via the channels. Farmers use irrigation pumps to help them achieve a higher crop yield. Irrigation pumps come in centrifugal, rotary and submersible varieties. Growth and expansion of the agricultural industry, particularly in developing economies as well as increased government support for the agricultural sector and surging globalization will also carve the way for the growth of the market.

Agriculture is crucial in majority of developing countries. For instance, the Government of India is developing policies and initiatives to increase agricultural production while also promoting sustainable development. The availability of substantial subsidies and schemes (JNNSM, KUSUM, and so on) for the adoption of pumps has increased their affordability. Countries such as China and India have benefited from government subsidies to increase the area under irrigation. Cropping intensities and yields are consistently greater in irrigated areas than in rain-fed areas. As a result, the demand for an efficient irrigation system is expanding by the day, and it is expected to drive the Irrigation pumps market during the forecast period.

By geography, Due to increased grain production and the need for irrigation facilities, Asia-Pacific is expected to hold the largest market share during the forecast period. The rise in agricultural land, particularly in developing economies such as India and China, the dominance, will continue during the forecast period. Growing awareness, rising personal disposable income, and increased government support are all important factors driving this region's growth.

Some of the key players profiled in the Irrigation Pumps Market include KSB SE & Co. KGaA, BurCam, Davey Water Products Pty Ltd, CNP Pumps India Pvt. Ltd, Ace Pump Corporation, Grundfos Group, Zoeller Company, Tuhorse Pumps, Leo Pumps, Franklin Electric, Shimge Pump Group, Guangdong Lingxiao Pump Industry Co. Ltd, Haicheng Suprasuny Pump Co. Ltd, Ebara Corporation and Pacer Pumps

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By Types:
• Submersible Pumps
• Centrifugal Pumps
• Rotary Pumps
• Other Types

By Applications:
• Farmland
• Garden
• Other Applications

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