Emerging Sub-Segments Transforming the Agricultural Pumps Market Landscape

The agricultural pumps market is positioned for significant growth as global water management challenges become more pressing. Driven by innovation and increasing demand for efficient irrigation methods, this sector is expected to expand steadily over the coming years. Let's explore the current market size, key players, emerging trends, and the major segments shaping the agricultural pumps industry.

Projected Growth and Size of the Agricultural Pumps Market by 2030
The agricultural pumps market is forecasted to reach a valuation of $8.05 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.9%. This anticipated growth stems from various factors such as rising concerns over water scarcity, the widespread adoption of solar-powered irrigation systems, and the increasing preference for energy-efficient pumping solutions. Additionally, the advancement of precision irrigation technologies and the support from governments for sustainable water infrastructure are significant contributors to market expansion. Key trends expected to influence the market include the growing use of solar-powered pumps, high-efficiency irrigation pumps, smart pump controllers, designs that require minimal maintenance, and the use of more durable materials in pump manufacturing.

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Leading Organizations Shaping the Agricultural Pumps Industry
The agricultural pumps market is dominated by several prominent companies, including Grundfos Holding A/S, Xylem Inc., KSB SE & Co KGaA, Flowserve Corporation, Jain Irrigation Systems Ltd., Franklin Electric Co Inc., Sulzer Ltd., WILO SE, Zhejiang Doyin Pump Industry Group Co. Ltd., Cornell Pump Company, CNP (India) Private Limited, Kirloskar Brothers Limited, CRI Pumps Private 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, and Tsurumi Manufacturing Co. Ltd.
In a notable development in October 2023, the Netherlands-based Verder Group acquired Spain's ITC, a company specialized in dosing pumps and control systems for agriculture and water treatment. This acquisition is intended to strengthen Verder Group's position in the dosing pump market by incorporating ITC's technology and expertise.

Innovations and New Opportunities Driving the Agricultural Pumps Sector
Agricultural pump manufacturers are focusing on new product innovations to improve water supply solutions, especially with devices like borewell pumps. These pumps are designed to extract water from deep underground wells for irrigation, domestic use, or industrial needs. For example, in August 2023, Indian company KSB Limited introduced a series of energy-efficient pumps tailored for various applications. Their product lineup includes the KSTP Sewage Pumps suitable for dewatering operations, the KGP Control Panel compatible with 100-mm borewell pump sets, and the UMN Series Oil Filled Pumpsets designed for low-voltage tasks up to 3 HP. The UPFN Borewell Pumpsets cater to high-head applications with capacities up to 30 HP, while the Ultra Plus Series Monoblock Pumpsets offer three-phase models up to 20 HP for versatile water handling. Additionally, KSB's KMR Series (Krishi Series) provides open well pumps specifically developed for irrigation requirements.

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Dominant Segments in the Agricultural Pumps Market
This report segments the agricultural pumps market into the following categories:
1) By Type: Rotodynamic Pumps, Positive Displacement Pumps
2) By Power Source: Electricity-Grid Connection, Diesel or Petrol, Solar
3) By HP Range: 0.5-3, 4-15, 16-30, 31-40, Over 40 HP
4) By End-Use: Irrigation, Livestock Watering

Further detailed classifications include:
- Rotodynamic Pumps subdivision into Centrifugal Pumps, Axial Flow Pumps, and Mixed Flow Pumps
- Positive Displacement Pumps subdivision into Gear Pumps, Diaphragm Pumps, Piston Pumps, Screw Pumps, and Peristaltic Pumps

These classifications help provide a clear understanding of the market's structure and the specific demands within agricultural pumping applications.

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This release was published on openPR.