Agricultural Pumps Market on Track for Strong Growth, Estimated to Grow at 7.8% CAGR Through 2029

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What Is the Expected CAGR for the Agricultural Pumps Market Through 2025?
The market size for agricultural pumps has seen consistent growth in the past few years. It is projected to increase from $5.38 billion in 2024 to $5.64 billion in 2025, with a compound annual growth rate (CAGR) of 4.8%. The previous growth in this period can be linked to various factors including farm mechanization trends, government policies and subsidies, concerns over water scarcity, the state of the economy, and worldwide agricultural trends.

What's the Projected Size of the Global Agricultural Pumps Market by 2029?
In the coming years, the agricultural pumps market is predicted to experience robust growth and is estimated to reach "$7.61 billion by 2029, expanding at a compound annual growth rate (CAGR) of 7.8%. The expansion during the predicted period can be linked to factors such as surge in population and subsequent demand for food, the effects of climate change, the integration of renewable energy, and research & development efforts. Key trends during this phase are expected to be intelligent agricultural technologies, advancements in technology, a rise in the implementation of precision agriculture, and increasing anxiety over water scarcity.

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Top Growth Drivers in the Agricultural Pumps Industry: What's Accelerating the Market?
The agricultural pump market's anticipated growth is heavily influenced by the rapid expansion of the agriculture sector. This economic sector is involved in the production of crops and livestock, along with agricultural engineering, equipment, fertilizers, and other farming commodities. Agricultural pumps play a critical role by ensuring that every part of the field receives enough water, which accelerates the cultivation process. For instance, a report from the France-based Organization for Economic Co-operation and Development in June 2022 highlighted the need for a 28% increase in agricultural productivity in the coming ten years to meet the zero-hunger goal. Moreover, global crop production is predicted to surge by 87% by 2030. Consequently, the agriculture sector's rapid growth significantly fuels the expansion of the agricultural pump market.

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What Trends Will Shape the Agricultural Pumps Market Through 2029 and Beyond?
In the agriculture pump market, key players are introducing unique products like borewell pumps to improve water supply solutions. Borewell pumps are equipment used to extract water from deep borewells or wells for uses such as irrigation, domestic water supply, and industrial applications. For example, in August 2023, KSB Limited, an Indian pumps and valves company, introduced a fresh line of energy-efficient pumps. The KSTP Sewage Pumps, structured for dewatering applications, comes in a 1 PH structure. The KGP Control Panel is designed to work with 100-mm borewell pump sets, ensuring compatibility with both oil- and water-filled applications, with a maximum capability of 2 HP. Suitable for low voltage applications, the UMN Series Oil Filled Pumpsets have a rated power of up to 3 HP, while the UPFN Borewell Pumpsets are meant for high head applications, with power capacities reaching up to 30 HP. Additionally, the Ultra Plus Series Monoblock Pumpsets provide three-phase options with capacities of up to 20 HP for various water handling activities. In conclusion, the KMR Series (Krishi Series) encompasses open well pumps specifically designed for irrigation uses.

What Are the Main Segments in the Agricultural Pumps Market?
The agricultural pumps market covered in this report is segmented -

1) By Type: Rotodynamic Pumps, Positive Displacement Pumps
2) By Power Source: Electricity-Grid Connection, Diesel Or Petrol, Solar
3) By HP: 0.5-3, 4-15, 16-30, 31-40, >40
4) By End-Use: Irrigation, Livestock Watering

Subsegments:
1) By Rotodynamic Pumps: Centrifugal Pumps, Axial Flow Pumps, Mixed Flow Pumps
2) By Positive Displacement Pumps: Gear Pumps, Diaphragm Pumps, Piston Pumps, Screw Pumps, Peristaltic Pumps

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Which Top Companies are Driving Growth in the Agricultural Pumps Market?
Major companies operating in the agricultural pumps market include 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., Lindsay Corporation, Cornell Pump Company, CNP (India) Private Limited, Kirloskar Brothers Limited, CRI Pumps Private Limited, The Weir Group PLC, Mahindra EPC Irrigation Limited, Zhejiang Leo Group Pumps Co. Ltd., Mono Pumps Limited, Texmo Pumps and Systems Limited, National Pump Company (P) Ltd., Shakti Pumps (India) Limited, Pentair plc, Falcon Pumps Private Limited, Walrus Pumps Co Ltd., Zhejiang Haicheng Suprasuny Pump Co. Ltd., Navitas Solar Pumps Private Limited, Cat Pumps (US) Inc., VestJet AS, Tsurumi Manufacturing Co. Ltd.

Which Regions Will Dominate the Agricultural Pumps Market Through 2029?
Asia-Pacific was the largest region in the agriculture pumps market in 2024. The regions covered in the agricultural pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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