Global Agricultural Pump Market Overview:

The global agricultural pump market size is estimated to reach USD 09.02 billion by 2030, with a gain of over 6.56% CAGR during the forecast period 2022-2030, and it was valued at over USD 6.15 billion in 2022.

Agricultural water pumps are a type of agricultural machinery. Water pumps are machines that transport or pressurize liquids. According to the principle, the main working parts and structural features to classify the first type is a vane pump, which rotates the impeller to a centrifugal force or a driving force for work. The second category is the displacement pump. It alternates the piston the piston’s working volume, such as rod pumps and triple pumps; the third category is a particular type of pump, such as water hammer pumps and the like. There are suitable deep and water pumps if classified according to the working characteristics and structural characteristics of power machines and water pumps.

Global Agricultural Pump Market Insights

The major growth is the growing adoption of modern irrigation techniques in developing countries and the advent of big data in agricultural farms. Additionally, the increasing global population and large dependency on agriculture production will accelerate the growth of the global agricultural pump industry in future periods. The growing population worldwide and the increasing concern about the growing demand for food will foster the growth of the agricultural pump market. Further, the mounting industrialization and construction activities and the swelling of agriculture worldwide will complement the industry’s growth. The surge in the adoption of solar pumps for irrigation purposes in developed and developing countries provides an inadequate electricity supply, and diesel-powered generators are anticipated to enhance the agricultural pump demand.

Moreover, the growing use of renewable energy centrifugal pumps to decrease the operation cost of pumps to zero will stimulate the global agricultural pump market share in the analysis timeframe. Since water resources are essential agricultural production factors during drainage, irrigation, flood, and drought, there is an urgent need for convenient and rapid drainage and irrigation power to ensure the cultivation of crops. The surge in the adoption of smart pumps helps overcome challenges such as the fluctuating power supply and difficulty accessing pumps installed on rough terrains and is expected to foster global market growth. The growing adoption of solar pumps worldwide will accelerate the growth of the global agricultural pump market in the upcoming years.

Growth Driver

Growing mechanization of agricultural activities in developing countries

Agricultural mechanization promotes the transformation and application of agricultural scientific and technological achievements. Agricultural mechanization is an active carrier of agricultural science and technology promotion. It is perfecting the agricultural mechanization technology promotion mechanism, accelerating agricultural mechanization technology innovation. It promotes agricultural mechanization technology progress, and achieving a close combination of agronomy and agricultural machinery effectively improves the transformation and application of agricultural science and technology achievements. Agricultural mechanization promotes the rapid transformation of agriculture.

Type Segmental Analysis

Based on the type, the global agricultural pump market is classified into rotodynamic pumps (centrifugal, mixed flow, axial flow) and positive displacement pumps (rotary and reciprocating pumps). The rotodynamic pumps segment is expected to capture the highest revenue share for the agricultural pump during the forecast period. The key factor is the growing adoption of modern techniques for irrigation in developing countries.

The displacement pumps will witness steady growth during the forecast period because they are self-priming and especially advantageous when handling hazardous chemicals.

Power Source Segmental Analysis

Based on the power source, the global agricultural pump market is segregated into electricity-grid connection, diesel/petrol, and solar. The solar segment held a higher market share in 2021 and is expected to dominate the global agricultural pump market by 2030. This is due to the availability of solar pumps at subsidized rates to farmers across developing countries and increasing agriculture activities in these regions.

The electricity grid connection will grow at a momentous CAGR in the forecast period because of its advantages, such as lower maintenance, higher potential, and remote access.

Horsepower Segmental Analysis

Based on the horsepower, the global agricultural pump market segmented into 0.5 -3, 4-15, 16-30, 31-40, and > 40. The 4-15 HP segment anticipated significant growth over the analysis timeframe due to increasing adoption in small and medium-sized landholdings. It is used to withdraw water from sources such as reservoirs and lakes.

The 16-30 HP is poised to record the fastest growth during the forecast period. It has a better surface finish, better efficiency and consistent performance, lesser weight, and lower height, resulting in ease of installation and transportation.

End-use segmental Analysis

Based on the end-user, the global agricultural pump market bifurcates into irrigation and livestock watering. The irrigation segment will dominate the global agricultural pump in 2021 and will likely capture maximum revenue by 2030. It is attributable to the agricultural sector using pumps for irrigation purposes, and the growing area being brought under irrigation will demand agricultural pumps in the future.

The livestock watering will grow at a significant CAGR in the forecast period due to the growing meat consumption across the globe, requiring an agricultural pump.

Region Segmental Analysis

The global agricultural pump market is segmented by geography into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific dominated the agricultural pump market in 2021. Due to the significant economies of India, China, and Japan in the region, it has positive government initiatives and massive investments in the agricultural sector.

North America will capture a prominent share of the agricultural pump market by 20 due to the presence of well-established and emerging players in the region and the provision of a variable-speed technology-based pump that offers more energy-efficient features for carrying out irrigation.

Competitor Analysis

Companies such as Xylem Inc., Grundfos, Shakti Pumps Ltd, Valmont Industries, Jain Irrigation Systems, Lindsay Corporation, Shimge Pump Industry Group, Franklin Electric, Zhejiang Doyin Pump Industry Co. Ltd, Mahindra EPC Ltd, Leo Group Pumps, CNP Pumps India Pvt Ltd, Flowserve, KSB SE, WILO, Mono Pumps, Texmo Pumps, National Pump Company, Weir Pumps, and Pentair Pumps are the key players in the global agricultural pump market.

Key Stakeholders

• Market research and consulting firms
• Industry associations
• Global agricultural pump manufacturing firm
• Research organizations and consulting companies
• Organizations, associations, and alliances related to agricultural pump
• Regulatory bodies
• Suppliers
• Retailers

Scope of the report

Recent Developments

1. In 2021, Xylem Inc. declared the purchase of Analytik Jena, a Germany-based water quality measurement and testing technology manufacturer. The acquisition will enable Xylem to expand its product offerings and strengthen its global agricultural pump market position.
2. In February 2018, Lindsay Corporation announced its FieldNET application, which fully automates farm functions, including motors, pumps and emitters.
3. In November 2019, WILO USA LLC, a subsidiary of WILO SE, through its recently established subsidiary, American-Marsh Pumps LLC, gained US manufacturer J-Line Pump Co. d/b/a American-Marsh Pumps. The acquisition of American-Marsh Pumps reinforces its footprint in the US and extends the product portfolio for its customers in the water management, industry, and building services sections.
4. In January 2020, Franklin Electric obtained Valley Farms Supply, Inc. (Lansing, Michigan) for USD 9.0 million. Valley Farms is a professional groundwater wholesaler working at three locations in Michigan and one in Indiana. Valley Farms has approximately USD 28.0 million of merged annual sales.

The objective of the Research

• Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
• Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
• Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
• Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
• The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Type

• Rotodynamic Pumps
  • Centrifugal
  • Mixed Flow
  • Axial Flow
• Positive Displacement Pumps
  • Rotary
  • Reciprocating pumps

By Power Source

• Electricity-Grid Connection
• Diesel/Petrol
• Solar

By Horsepower

• 5 -3 HP
• 4-15 HP
• 16-30 HP
• 31-40 HP
• > 40 HP

By End-Use

• Irrigation
• Livestock Watering

By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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Report Content

1.     Research Strategic Development

1.1.   Market Modelling

1.2.   Product Analysis

1.3.   Market Trend and Economic Factors Analysis

1.4.   Market Segmental Analysis

1.5.   Geographical Mapping

1.6.   Country Wise Segregation

2.     Research Methodology

2.1.   Identification of Target Market

2.2.   Data Acquisition

2.3.   Refining of Data/ Data Transformations

2.4.   Data Validation through Primary Techniques

2.5.   Exploratory Data Analysis

2.6.   Graphical Techniques/Analysis

2.7.   Quantitative Techniques/Analysis

2.8.   Visual Result/Presentation

3.     Executive Summary
4.     Market Insights

4.1.  Supply Chain Analysis

4.2.  Economic Factor Analysis

4.2.1.            Drivers

4.2.2.            Trends

4.2.3.            Opportunities

4.2.4.            Challenges

4.3.  Technological Landscape

4.4.  Competitors & Product Analysis

4.5.   Regulatory Framework

4.6.   Company market share analysis, 2022

4.7.  Porter’s Five forces analysis

4.8.  Price point analysis

4.9.  New Investment Analysis

4.10.PESTEL Analysis

4.11.Pre Covid-19 Impact

4.12.Covid-19 Impact

4.13.Post Covid-19 Impact

5. Global Satellite Service Market, 2017-2030

5.1  Market size & Forecast, 2017-2030

5.1.1.            Demand

5.1.1.1            By Value (USD Billion)

5.2.  Market Share & Forecast, 2017-2030

5.2.1.            By Type

5.2.1.1. Rotodynamic pumps

5.2.1.1.1. Centrifugal

5.2.1.1.2. Mixed Flow

5.2.1.1.3. Axial Flow

                                        5.2.1.2. Positive Displacement Pumps

                                                   5.2.1.2.1. Rotary

                                                   5.2.1.2.2. Reciprocating pumps

5.2.2.            By Power source

5.2.2.1.            Electricity-Grid Connection

5.2.2.2.            Diesel/petrol

5.2.2.3.          Solar

5.2.3.            By Horsepower

5.2.3.1.            5-3 HP

5.2.3.2.       4-15 HP

5.2.3.3.       16-30 HP

5.2.3.4.       31-40  HP

5.2.3.5.      >40 HP

5.2.4.    By End-Use

5.2.4.1.            Irrigation 

5.2.4.2.       Livestock Watering

5.2.5.            By Region

5.2.5.1.            North America

5.2.5.2.            Europe

5.2.5.3.            Asia Pacific

5.2.5.4.            The Middle East & Africa

5.2.5.5.            South America

6. North America Satellite Service Market, 2017-2030

6.1.  North America Satellite Service Market size & Forecast, 2017-2030

6.1.1.            Demand

6.1.1.1.            By Value (USD Billion)

6.2.  North America Satellite Service Market Share & Forecast, 2017-2030

6.2.1.             By Type

6.2.1.1. Rotodynamic pumps

6.2.1.1.1. Centrifugal

6.2.1.1.2. Mixed Flow

6.2.1.1.3. Axial Flow

                                        6.2.1.2. Positive Displacement Pumps

                                                   6.2.1.2.1. Rotary

                                                   6.2.1.2.2. Reciprocating pumps

6.2.2.            By Power source

6.2.2.1.            Electricity-Grid Connection

6.2.2.2.            Diesel/petrol

6.2.2.3.          Solar

6.2.3.            By Horsepower

6.2.3.1.            5-3 HP

6.2.3.2.       4-15 HP

6.2.3.3.       16-30 HP

6.2.3.4.       31-40  HP

6.2.3.5.      >40 HP

6.2.4.    By End-Use

6.2.4.1.            Irrigation 

6.2.4.2.       Livestock Watering

6.2.5.            By Country

6.2.5.1.            US

6.2.5.2.            Canada

6.2.5.3.            Mexico

7. Europe Satellite Service Market, 2017-2030

7.1.  Europe Satellite Service Market size & Forecast, 2017-2030

7.1.1.            Demand

7.1.1.1.            By Value (USD Billion)

7.2.  Europe Satellite Service Market Share & Forecast, 2017-2030

7.2.1.              By Type

7.2.1.1. Rotodynamic pumps

7.2.1.1.1. Centrifugal

7.2.1.1.2. Mixed Flow

7.2.1.1.3. Axial Flow

                                       7.2.1.2. Positive Displacement Pumps

                                                   7.2.1.2.1. Rotary

                                                   7.2.1.2.2. Reciprocating pumps

7.2.2.            By Power source

7.2.2.1.            Electricity-Grid Connection

7.2.2.2.            Diesel/petrol

7.2.2.3.          Solar

7.2.3.            By Horsepower

7.2.3.1.            5-3 HP

7.2.3.2.       4-15 HP

7.2.3.3.       16-30 HP

7.2.3.4.       31-40  HP

7.2.3.5.      >40 HP

7.2.4.    By End-Use

7.2.4.1.            Irrigation 

7.2.4.2.       Livestock Watering

7.2.5.            By Country

7.2.5.1.            Germany

7.2.5.2.            UK

7.2.5.3.            France

7.2.5.4.            Italy

7.2.5.5.            Rest of Europe

8. Asia Pacific Satellite Service Market, 2017-2030

8.1.  Asia Pacific Satellite Service Market size & Forecast, 2017-2030

8.1.1.            Demand

8.1.1.1.            By Value (USD Billion)

8.2.  Asia Pacific Satellite Service Market Share & Forecast, 2017-2030

8.2.1.         By Type

8.2.1.1. Rotodynamic pumps

8.2.1.1.1. Centrifugal

8.2.1.1.2. Mixed Flow

8.2.1.1.3. Axial Flow

                                        8.2.1.2. Positive Displacement Pumps

                                                   8.2.1.2.1. Rotary

                                                   8.2.1.2.2. Reciprocating pumps

8.2.2.            By Power source

8.2.2.1.            Electricity-Grid Connection

8.2.2.2.            Diesel/petrol

8.2.2.3.          Solar

8.2.3.            By Horsepower

8.2.3.1.            5-3 HP

8.2.3.2.       4-15 HP

8.2.3.3.       16-30 HP

8.2.3.4.       31-40  HP

8.2.3.5.      >40 HP

8.2.4.    By End-Use

8.2.4.1.            Irrigation 

8.2.4.2.       Livestock Watering

8.2.5.            By Country

8.2.5.1.            China

8.2.5.2.            India

8.2.5.3.            Japan

8.2.5.4.            Australia

8.2.5.5.            Rest of Asia pacific

9. The Middle East & Africa Satellite Service Market, 2017-2030

9.1.  The Middle East & Africa Satellite Service Market size & Forecast, 2017-2030

9.1.1.            Demand

9.1.1.1.            By Value (USD Billion)

9.2.  The Middle East & Africa Satellite Service Market Share & Forecast, 2017-2030  By Type

9.2.1.1. Rotodynamic pumps

9.2.1.1.1. Centrifugal

9.2.1.1.2. Mixed Flow

9.2.1.1.3. Axial Flow

                                        9.2.1.2. Positive Displacement Pumps

                                                   5.2.1.2.1. Rotary

                                                   5.2.1.2.2. Reciprocating pumps

9.2.2.            By Power source

9.2.2.1.            Electricity-Grid Connection

9.2.2.2.            Diesel/petrol

9.2.2.3.          Solar

9.2.3.            By Horsepower

9.2.3.1.            5-3 HP

9.2.3.2.       4-15 HP

9.2.3.3.       16-30 HP

9.2.3.4.       31-40  HP

9.2.3.5.      >40 HP

9.2.4.    By End-Use

5.2.4.1.            Irrigation 

5.2.4.2.       Livestock Watering

9.2.5.            By Country

9.2.5.1.            Saudi Arabia

9.2.5.2.            UAE

9.2.5.3.            South Africa

9.2.5.4.            Rest of The Middle East & Africa

10. South America Satellite Service Market, 2017-2030

10.1.                    South America Satellite Service Market size & Forecast, 2017-2030

10.1.1.        Demand

10.1.1.1.        By Value (USD Billion)

10.2.                    South America Satellite Service Market Share & Forecast, 2017-2030

10.2.1.   By Type

10.2.1.1. Rotodynamic pumps

10.2.1.1.1. Centrifugal

10.2.1.1.2. Mixed Flow

10.2.1.1.3. Axial Flow

                                        10.2.1.2. Positive Displacement Pumps

                                                   10.2.1.2.1. Rotary

                                                   10.2.1.2.2. Reciprocating pumps

10.2.2.            By Power source

10.2.2.1.            Electricity-Grid Connection

10.2.2.2.            Diesel/petrol

10.2.2.3.          Solar

10.2.3.            By Horsepower

10.2.3.1.            5-3 HP

10.2.3.2.       4-15 HP

10.2.3.3.       16-30 HP

10.2.3.4.       31-40  HP

10.2.3.5.      >40 HP

10.2.4.    By End-Use

5.2.4.1.            Irrigation 

5.2.4.2.       Livestock Watering

10.2.5.        By Country

10.2.5.1.        Brazil

10.2.5.2.        Argentina

10.2.5.3.        Rest of South America

11. Competitor Analysis

11.1. Company Description

11.2. Financial Analysis

11.3. Key Products

11.4. Key Management Personnel

11.5. Contact Address

11.6. SWOT Analysis

11.7. Company profile

11.7.1.        Algatech Ltd.

11.7.2.     Xylem Inc.

11.7.3.     Grundfos

                               11.7.4.     Shakti Pumps Ltd

                              11.7.5       Valmont Industries

                              11.7.6.      Jain Irrigation Systems

                              11.7.7.      Lindsay Corporation

                             11.7.8.       Shimge Pump Industry Group

                              11.7.9.      Franklin Electric

                              11.7.10     Zhejiang Doyin Pump industry Co. Ltd

                             11.7.11     Mahindra EPC Ltd

                             11.7.12     Leo Group Pumps

                            11.7.13     CNP Pumps India Pvt Ltd

                            11.7.14      Flowserve

                           11.7.15       KSB SE

                           11.7.16      WILO

                            11.7.17     Other Prominent Players