Agriculture Pumps Market to Grow with a CAGR of 7.04% through 2028
Advancements in remote control & automation of
pumps and technological advancements in pump manufacturing is expected to drive
the Global Agriculture Pumps Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Agriculture
Pumps Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Agriculture Pumps Market stood at USD 4.87 Billion in 2022 and is
anticipated to grow with a CAGR of 7.04% in the forecast period, 2024-2028. The Global
Agriculture Pumps Market is influenced by several drivers. Technological
advancements in pump manufacturing techniques, focusing on efficiency and
reliability, are contributing to the market growth. The increasing adoption of
modern farming practices and the global shift towards mechanization in
agriculture also drive this market.
Furthermore, the need for water management in
agriculture, exacerbated by unpredictable weather patterns due to climate
change, is spurring the demand for these pumps. Also, government subsidies and
initiatives to promote sustainable farming are playing a significant role in
boosting this market.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Agriculture
Pumps Market.”
The global agriculture pumps market is experiencing
significant growth, primarily fueled by the increasing mechanization in the
agriculture sector and the rising demand for food products due to population
growth. This market encompasses a wide range of pump types, including
centrifugal, rotary, and submersible pumps, which are specifically designed to
meet various agricultural needs such as irrigation, livestock watering, and
drainage.
With the advent of technological advancements, such as
smart irrigation systems and precision agriculture, farmers are now able to
optimize water usage and maximize crop yield. These advancements, coupled with
government initiatives supporting agricultural growth and increasing awareness
about efficient water use, are expected to further propel the agriculture pumps
market in the future. As the world continues to face challenges related to food
security and sustainable agriculture, the importance of efficient and reliable
pumping solutions becomes even more prominent.
In addition, the agriculture pumps market is
witnessing a growing trend towards the use of renewable energy sources, such as
solar power, to drive these pumps. By harnessing the power of the sun,
solar-powered pumps not only reduce dependence on conventional energy sources
but also contribute to environmental sustainability by minimizing carbon
emissions. This shift towards renewable energy aligns with the global focus on
reducing carbon emissions and mitigating climate change, ensuring a greener and
more sustainable future for agriculture.
Overall, the agriculture pumps market is poised for
continued growth as it plays a vital role in ensuring efficient and sustainable
agricultural practices worldwide. With ongoing technological advancements, such
as advanced control systems and precision irrigation techniques, coupled with
the increasing adoption of renewable energy solutions, the market is expected
to evolve further. This evolution will lead to the development of even more
innovative and efficient pumping solutions that cater to the specific needs of
the agriculture sector. These advancements will not only enhance productivity
but also contribute to water conservation and resource optimization, making
agriculture more sustainable and resilient in the face of evolving challenges.
The Global Agriculture Pumps Market is segmented into
type, material type, power source, horsepower, head size, end user, regional
distribution, and company.
Based on end user, in the global agriculture pumps
market, irrigation consistently dominates over livestock watering. This trend
can be attributed to the critical role of irrigation in crop cultivation,
ensuring consistent yields and high-quality produce across varying weather
conditions and diverse climate zones. By providing a controlled water supply to
plants, irrigation systems optimize the distribution of water, nutrients, and
fertilizers, resulting in improved growth and productivity.
The prevalence of irrigation as a key application of
agricultural pumps also stems from its extensive use in both subsistence
farming and commercial agriculture. In subsistence farming, where
self-sufficiency is crucial, irrigation systems enable farmers to cultivate
crops even in regions with limited rainfall or unreliable water sources. On the
other hand, commercial agriculture relies heavily on irrigation to maximize
crop yields and meet the demands of a growing population. From large-scale crop
plantations to greenhouse farming, irrigation is a universal requirement in
agricultural practices worldwide. By implementing reliable irrigation systems
powered by efficient agricultural pumps, farmers can overcome the challenges
posed by unpredictable weather patterns and water scarcity. This not only
enhances food security but also contributes to the overall sustainability and
resilience of the agricultural sector. As the world faces increasing pressures
to feed a growing population, the significance of irrigation in ensuring stable
and abundant food production cannot be overstated.
Based on region, the Asia-Pacific region holds a
dominant position in the global agriculture pumps market, primarily due to its
vast agricultural sector. This region, comprising countries like China, India,
and Australia, is characterized by a high dependence on agriculture, with a
significant proportion of the population engaged in farming activities.
Moreover, rapid technological advancements, coupled with supportive
governmental initiatives for modern farming practices, have spurred the
adoption of advanced machinery like agricultural pumps. In China, for instance,
the government has implemented policies to promote agricultural innovation and
increase productivity. This includes the use of efficient irrigation systems
powered by agriculture pumps, which help farmers optimize water usage and reduce
wastage. Similarly, in India, the Green Revolution and subsequent initiatives
have transformed the agriculture landscape, with the adoption of modern farming
techniques and equipment playing a crucial role.
Australia, known for its vast agricultural lands, also
relies on agriculture pumps to ensure efficient irrigation and precise water
delivery. The country's arid climate makes water management a critical aspect
of agriculture, and the use of advanced pumps helps farmers overcome this
challenge. Furthermore, the increasing need to achieve food security amidst
growing populations propels the demand for efficient irrigation systems,
further bolstering the agriculture pumps market in the Asia-Pacific region. As the
population continues to rise, the pressure on the agricultural sector
intensifies, making it crucial to optimize resources and increase productivity.
Major companies operating in Global Agriculture
Pumps Market are:
- Grundfos AS
- Lindsay Corporation
- Valmont Industries, Inc.
- Kirloskar Brothers Limited
- Shimge Pump Industry Group Co., Ltd.
- Franklin Electric Co.
- Halliburton Company
- Zhejiang Doyin Pump Industry
- CRI Groups
- Xylem Inc.
Download
Free Sample Report
Customers can also request for 10%
free customization on this report.
“The future of the Global Agriculture Pumps Market
holds great promise as it presents numerous opportunities across various
sectors, including irrigation, livestock watering, and residential water
supply. With technological advances like smart pumps and solar-powered pumps
gaining traction, the market is expected to witness substantial growth.
Furthermore, the increasing global population and the consequent rise in food
demand, coupled with the prevailing water scarcity issues, are driving the
urgent need for efficient agricultural pumps that can maximize productivity
while minimizing water usage. As the world looks to address these challenges,
the demand for innovative and sustainable solutions in the agriculture sector
is set to soar, opening up new avenues for growth in the Global Agriculture
Pumps Market.,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based management consulting firm.
“Agriculture Pumps Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028
Segmented By Type (Rotodynamic Pumps, Centrifugal, Mixed
Flow, Axial Flow, Positive Displacement, Reciprocating, Rotary), By Material
Type (Iron, Bronze, Aluminium, Stainless Steel and Other), By Power Source
(Electricity Grid-Connection, Diesel/Petrol, Solar), By Horsepower (0.5 to 3, 4
to 15, 16 to 30, 31 to 40, >40 HP), By Head Size (Up to 1 meter, 1–3-meter,
3-6 meter, 6-10 meter, 10-15 meter, Above 15 meter), By End User (Irrigation,
Livestock Watering), By
Region and Competition”, has evaluated
the future growth potential of Global Agriculture Pumps Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Agriculture Pumps Market.
Contact
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com