Agricultural Pumps

Global Agricultural Pumps Market to Reach US$7.4 Billion by 2030

The global market for Agricultural Pumps estimated at US$5.4 Billion in the year 2024, is expected to reach US$7.4 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2024-2030. Rotodynamic Pumps, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$4.4 Billion by the end of the analysis period. Growth in the Positive Displacement Pumps segment is estimated at 5.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.5 Billion While China is Forecast to Grow at 8.9% CAGR

The Agricultural Pumps market in the U.S. is estimated at US$1.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.1% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Global Agricultural Pumps Market- Key Trends and Drivers

Agricultural pumps are essential components in farming operations, used for a variety of purposes such as irrigation, pesticide and fertilizer application, and drainage. These pumps facilitate the movement of water and other fluids, ensuring that crops receive the necessary resources for growth across vast areas of farmland. The main types of agricultural pumps include centrifugal, submersible, and turbine pumps, each suited for different applications. Centrifugal pumps are widely used for surface irrigation and are favored for their ability to pump large volumes of water at relatively low pressures. Submersible pumps, on the other hand, are used for deep well applications, drawing water from beneath the ground surface to supply overhead tanks or direct irrigation systems. Turbine pumps are typically employed in scenarios requiring high-pressure outputs, essential for sprinkler or drip irrigation systems that cover large agricultural fields.

Technological advancements have significantly influenced the design and efficiency of agricultural pumps. Modern agricultural pumps are increasingly equipped with energy-efficient motors and smart controls that can adjust the flow rate and pressure according to specific needs, reducing water and energy consumption. Solar-powered pumps are gaining popularity, particularly in remote and arid regions where electricity is scarce or non-existent. These pumps provide a sustainable and cost-effective solution for farmers, eliminating the dependency on fossil fuels and reducing operational costs. Moreover, the integration of IoT technologies allows for remote monitoring and control of pump systems, enabling farmers to optimize their water usage and manage resources more effectively through data analytics.

The growth in the agricultural pumps market is driven by several factors, including global population growth, the expansion of irrigated farmland, and increasing investments in agricultural infrastructure. As the global population continues to rise, the demand for food production intensifies, prompting more extensive and efficient irrigation techniques. Governments and international bodies are also supporting the expansion of irrigation coverage as a means to boost crop yields and reduce food scarcity. Climate change and the variability of rainfall patterns have further underscored the importance of dependable irrigation systems, propelling the demand for advanced and efficient agricultural pumps. Additionally, trends towards sustainable farming and reduced environmental footprints are encouraging the adoption of solar and energy-efficient pump solutions, further stimulating market growth in the sector.

SCOPE OF STUDY:

The report analyzes the Agricultural Pumps market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Pump Type (Rotodynamic Pumps, Positive Displacement Pumps); Power Source (Electricity-Grid Connection Power Source, Diesel / Petrol Power Source, Other Power Sources)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 74 Featured) -

• C.R.I. Pumps Private Limited
• Comet S.p.A.
• Cornell Pump LLC
• Crompton Greaves Consumer Electricals Limited.
• EBARA Corporation
• Kirloskar Brothers Limited
• Mono Pumps Limited
• Pentair Plc
• Roto Pumps Limited
• Sam Turbo Industry Private Limited
• Shimge Pump Industry Group Co., Ltd
• The Gorman-Rupp Company
• TORREN Pumps
• Tsurumi Manufacturing Co., Ltd.
• Wilo - Scot Pump

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.