Global Agricultural Pump Market

Global Agricultural Pump Market By Type (Rotodynamic Pumps (Centrifugal, Mixed Flow, Axial Flow), and Positive Displacement Pumps (Rotary and Reciprocating Pumps)), By Power Source (Electricity-Grid Connection, Diesel/Petrol, and Solar), By Horsepower (0.5 -3, 4-15, 16-30, 31-40, and > 40), By End-Use (Irrigation, and Livestock Watering), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2027

Global Agricultural Pump Market Overview:

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.

Global Agricultural Pump Market Insights

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.

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 is an effective way to improve the transformation and application of agricultural science and technology achievements. Agricultural mechanization promotes the rapid transformation of agricultural.

Type Segmental Analysis

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.

Power Source Segmental Analysis

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.

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 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.

End-use segmental Analysis

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.

Region Segmental Analysis

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.

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

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

Global Agricultural Pump Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Supply Chain Analysis
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • New Technological Landscape
    • Competitors & Product Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
  5. Global Agricultural Pump Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Thousands Unit)

 

  • Market Share & Forecast, 2016-2027
    • 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
  1. North America Agricultural Pump Market Overview
    • North America Agricultural Pump Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Thousands Unit)
      • North America Agricultural Pump Market Share & Forecast, 2016-2027
        • 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 Country
            • US
            • Canada
            • Mexico
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on North America Agricultural Pump Market
  1. Europe Agricultural Pump Market Overview
    • Europe Agricultural Pump Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Thousands Unit)
      • Europe Agricultural Pump Market Share & Forecast, 2016-2027
        • 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 Country
            • Germany
            • UK
            • France
            • Italy
            • Rest of Europe
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on Europe Agricultural Pump Market
  1. Asia Pacific Agricultural Pump Market Overview
    • Asia Pacific Agricultural Pump Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Thousands Unit)
      • Asia Pacific Agricultural Pump Market Share & Forecast, 2016-2027
        • 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 Country
            • China
            • India
            • Japan
            • Australia
            • Rest of Asia Pacific
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on Asia Pacific Agricultural Pump Market
  1. South America Agricultural Pump Market Overview
    • South America Agricultural Pump Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Thousands Unit)
      • South America Agricultural Pump Market Share & Forecast, 2016-2027
        • 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 Country
            • Brazil
            • Argentina
            • Rest of South America
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on South America Agricultural Pump Market
  1. Middle East & Africa Agricultural Pump Market Overview
    • Middle East & Africa Agricultural Pump Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Consumption
        • By Volume (Thousands Unit)
      • Middle East & Africa Agricultural Pump Market Share & Forecast, 2016-2027
        • 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 Country
            • Saudi Arabia
            • UAE
            • South Africa
            • Rest of Middle East & Africa
          • Price-Point Analysis
          • Manufacturer & Distributor List (Top 5)
          • Company Market Share (Top 3-5)
          • Economic Impact Study on Middle East & Africa Agricultural Pump Market
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • 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
      • Other Prominent Players