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, by rotation of 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 pumps, such as water hammer pumps and the like. There are suitable deep pumps and water pumps if classified according to the working characteristics and structural characteristics of power machines and water pumps.
The global agricultural pump market size was valued at over USD 4.14 billion in 2019 and projected to reach USD 7.02 billion by 2027 with a gain of over 6.56% CAGR during the forecast period, 2020-2027. 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 agriculture activities across the world will complement the industry growth. The surge in the adoption of solar pumps for irrigation purposes in developed and developing countries provides an inadequate supply of electricity, and the use of 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 in accessing pumps installed at rough terrains is expected to foster the global market growth. The growing adoption of solar pumps across the world will accelerate the growth of the global agricultural pump market in the upcoming years.
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 is an effective way to improve the transformation and application of agricultural science and technology achievements. Agricultural mechanization promotes the rapid transformation of agricultural.
Based on the type, the global agricultural pump market 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 factors are growing the adoption of modern techniques for irrigation in developing countries.
The displacement pumps will witness steady growth during the forecast period because it is self-priming and especially advantageous when handling hazardous chemicals.
Based on the power source, the global agricultural pump market segregated into electricity-grid connection, diesel/petrol, and solar. The solar segment held a higher market share in 2019 and expected to dominate the global agricultural pump market by 2027. It is due to the availability of solar pumps at subsidized rates to the 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 on account of its advantages such as lower maintenance, higher potential, and remote access.
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 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 better surface finish, better efficiency and consistent performance, lesser weight, and lower height, resulting in ease in installation and transportation.
Based on the end-use, the global agricultural pump market bifurcates into irrigation and livestock watering. The irrigation segment dominates the global agricultural pump in 2019 and likely to capture maximum revenue by 2027. It is attributable to the agricultural sector makes use of pumps for irrigation purposes, and the growing area being brought under irrigation will demand agricultural pump in the future periods.
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.
By geography, the global agricultural pump market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific dominated the agricultural pump market in 2019. 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 2027. Due to the presence of well-established and emerging players in the region and providing a variable speed technology-based pump that offers more energy-efficient features for carrying out irrigation.
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.
By Power Source