Press release
Accelerating Growth in Agricultural Pumps Market: Insights on Market Size, CAGR, Key Drivers, and Emerging Trends
Agricultural Pumps Market Size
What Is The Projected Market Size Of The Global Agricultural Pumps Market And Its Growth Rate?
The global agricultural pumps market is on a steady growth trajectory. Key statistics on market size and CAGR are as follows:
• The market size expanded from $5.38 billion in 2024 to $5.64 billion in 2025, marking a CAGR of 4.8%.
• Trends such as farm mechanization, government policies and subsidies, and rising water scarcity concerns were key growth factors in this period.
• Looking ahead, the market size is projected to surge to $7.61 billion in 2029 at a CAGR of 7.8%.
• Population growth, expanding food demand, climate change impact, integration of renewable energy, and ongoing research and development are expected to fuel this forecasted growth.
What Is Driving The Growth In The Agricultural Pumps Market?
The anticipated growth in the agricultural pumps market is largely attributed to the rapid expansion in the agriculture sector. Across the globe, the agriculture sector is not limited to crop production and livestock rearing, but also includes a myriad of associated elements such as agricultural engineering, equipment, fertilizer, and more. Agricultural pumps offer a critical value-add by distributing optimal water quantities across different field parts, thereby boosting cultivation efficiency. For instance, a report by the Organization for Economic Co-operation and Development projected a necessary agricultural productivity increase of 28% over the next decade to meet the zero-hunger target. Furthermore, global crop production is expected to surge by an astounding 87% by 2030. These factors collectively pave the way for an expanding agricultural pump market.
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Who Are the Key Players Driving Agricultural Pumps Market Growth?
• Grundfos Holding A/S
• Xylem Inc.
• KSB SE & Co KGaA
• Flowserve Corporation
• Valmont Industries Inc.
• Jain Irrigation Systems Ltd.
• Franklin Electric Co Inc.
• Sulzer Ltd.
• WILO SE
• Zhejiang Doyin Pump Industry Group Co. Ltd.
(Note: This is a partial list. The complete list of key players is available in the full report.)
What Are The Key Trends In The Agricultural Pumps Market?
• Adoption of smart agriculture technologies
• Advancements in pump design and function
• Growing preference for precision agriculture
• Intensifying concerns over water scarcity
What Are The Segments Of The Global Agricultural Pumps Market?
• By Type: Rotodynamic Pumps, Positive Displacement Pumps
• By Power Source: Electricity-Grid Connection, Diesel Or Petrol, Solar
• By HP: 0.5-3, 4-15, 16-30, 31-40, >40
• By End-Use: Irrigation, Livestock Watering
Which Region Leads The Agricultural Pumps Market?
Asia-Pacific dominated the global agricultural pumps market in 2024. This region is poised to maintain its market leadership, buoyed by robust farming activities and related infrastructure development. Apart from Asia-Pacific, the report also provides insights on the agricultural pumps market across Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Agricultural Pumps Market Global Market Report?
- Market Size Analysis: Analyze the Agricultural Pumps Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Agricultural Pumps Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall Agricultural Pumps Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Agricultural Pumps Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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