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Global Agricultural Pumps Market 2017-2021

About Agricultural Pumps

Agricultural pumps have two major components, namely impellers and diffusers. Fluid entering inside the impeller, along the rotating axis, flows radially outward through the diffuser, toward the discharge pipe. Agricultural pumps, in a broader sense, can be segmented into centrifugal and positive displacement pumps. Positive displacement pumps work on a principle, which involves trapping a specific quantity of fluid at the inlet and forcing the fluid to move to the discharge pipe. A centrifugal pump relies on the conversion of rotating kinetic energy into hydrodynamic energy to pump fluid. Submersible pumps remain entirely submerged inside the liquid required to be pumped and are a type of centrifugal pumps. These pumps require relatively low energy to push the liquid toward the surface and ensure prevention of cavitation.

Technavio’s analysts forecast the global agricultural pumps market to grow at a CAGR of 4.71% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global agricultural pumps market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Agricultural Pumps Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Flowserve
  • Grundfos
  • KSB
  • Sulzer
  • Wilo
Other prominent vendors
  • CORNELL PUMP COMPANY
  • Zhejiang DOYIN PUMP INDUSTRY
  • EBARA PUMP
  • Franklin Electric
  • Junhe Pumps
  • Kaiquan Pump
  • HAICHENG SUPRASUNY PUMP
  • Xylem
  • Atlas Copco
  • General Electric
  • Halliburton Company
  • ITT Goulds Pumps
  • TOYO DENKI SEIZO
  • WALRUS PUMP
  • Tsurumi Manufacturing
  • The Gorman-Rupp Company
Market driver
  • Development of 3D printed impellers
  • For a full, detailed list, view our report
Market challenge
  • Volatility in raw material prices
  • For a full, detailed list, view our report
Market trend
  • Increased adoption of solar pumps
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Agricultural Pumps Market 2017-2021

Technavio recognizes the following companies as the key players in the global agricultural pumps market: Flowserve, Grundfos, KSB, Sulzer, and Wilo.

Other Prominent Vendors in the market are: CORNELL PUMP COMPANY, Zhejiang DOYIN PUMP INDUSTRY, EBARA PUMP, Franklin Electric, Junhe Pumps, Kaiquan Pump, HAICHENG SUPRASUNY PUMP, Xylem, Atlas Copco, General Electric, Halliburton Company, ITT Goulds Pumps, Toyo Denki Industrial, Walrus Pump, Tsurumi Manufacturing, and The Gorman-Rupp Company.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased adoption of solar pumps. With growing population, most countries are facing the problem of inadequate supply of electricity, due to which farmers have started relying on solar pumps to carry out their daily operations in farmlands. The benefit of using solar pumps is that they make the use of photovoltaic cells to generate electricity and are mainly used in the agricultural sector for irrigation purposes. Countries such as Bangladesh, India, and especially those in APAC, are facing the problem of inadequate supply of electricity. This has led to the use of diesel-powered generators, which are not considered as an economical option. These countries can be seen as potential markets for solar pumps for irrigation purposes. Apart from this, countries in South America and Africa are the other prominent markets for solar pumps.”

According to the report, one of the major drivers for this market is Development of 3D printed impellers. The global agricultural pumps market has been experiencing a lot of technological development, which has helped vendors enhance their product offerings. The development of the 3D printed impellers has revolutionized the agricultural industry. Various modeling software is being used by the vendors to design impellers and other components. Modeling software also helps to reduce the cost of product testing. 3D printed impellers have relatively better performance than conventional impellers. The increased use of 3D printing for manufacturing impellers has brought a reduction in fabrication cost, thus making impellers relatively affordable for manufacturers of agricultural pumps. There has been a significant improvement in the precision of 3D printing, which has made it more useful in product testing and designing.

Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. Raw materials used in agricultural pumps include stainless steel, iron, bronze, and copper. The price of raw materials in the global agricultural pumps market is volatile, which affects the cost of production. Many prominent vendors seek long-term contracts with their supplier to stay immune from fluctuations in raw material costs. This strategy may not be feasible for small vendors, as they lack sufficient financial resources. Factors that influence the cost of raw materials include inflation, production, and availability.

Companies Mentioned

Flowserve, Grundfos, KSB, Sulzer, and Wilo, CORNELL PUMP COMPANY, Zhejiang DOYIN PUMP INDUSTRY, EBARA PUMP, Franklin Electric, Junhe Pumps, Kaiquan Pump, HAICHENG SUPRASUNY PUMP, Xylem, Atlas Copco, General Electric, Halliburton Company, ITT Goulds Pumps, Toyo Denki Industrial, Walrus Pump, Tsurumi Manufacturing, and The Gorman-Rupp Company.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Types of pumps
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global pumps market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Global agricultural pumps market - Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global agricultural pumps market – Market size and forecast 2016-2021 ($ mn)
      • Table Global agricultural pumps market– Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by product
    • Segmentation by product type
      • Table Product – Market share 2016-2021 (%)
    • Comparison by product type
      • Table Comparison by product type
    • Centrifugal pumps – Market size and forecast 2016-2021
      • Table Centrifugal pumps – Market size and forecast 2016-2021 ($ mn)
      • Table Centrifugal pumps – Year-over-year growth 2017-2021 (%)
    • Displacement pumps – Market size and forecast 2016-2021
      • Table Displacement pumps – Market size and forecast 2016-2021 ($ mn)
      • Table Displacement pumps – Year-over-year growth 2017-2021 (%)
    • Market opportunity by product type
      • Table Market opportunity by product
  • Regional landscape
    • Geographical segmentation
      • Table Global agricultural pumps market– Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC – Market size and forecast 2016-2021
      • Table APAC – Market size and forecast 2016-2021 ($ mn)
      • Table APAC – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • EMEA – Market size and forecast 2016-2021
      • Table EMEA – Market size and forecast 2016-2021 ($ mn)
      • Table EMEA – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • Americas – Market size and forecast 2016-2021
      • Table Americas – Market size and forecast 2016-2021 ($ mn)
      • Table Americas – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global IoT market in smart farming 2016-2021 ($ billions)
    • Market challenges
      • Table Fluctuation in price of iron and copper in 2016
  • Market trends
    • Increased adoption of solar pumps
    • Increasing mergers and acquisitions
      • Table Key mergers and acquisitions in global agricultural pumps market
    • Emergence of renewable energy submersible pumps
      • Table Applications of renewable energy submersible pumps
  • Vendor landscape
    • Competitive scenario
    • Prominent vendors
      • Table Prominent vendors in global agricultural pumps market
    • Other prominent vendors
      • Table Other prominent vendors in global agricultural pumps market
    • Grundfos
      • Table Grundfos: Industries served
      • Table Grundfos: Product portfolio
      • Table Grundfos: Recent developments
    • Sulzer
      • Table Sulzer: Business segments
      • Table Sulzer: Product portfolio
      • Table Sulzer: Recent developments
    • Wilo
      • Table Wilo: Business segments
      • Table Wilo: Product portfolio
      • Table Wilo: Recent developments
    • KSB
      • Table KSB: Business segments
      • Table KSB: Product portfolio
      • Table KSB: Recent developments
    • Flowserve
      • Table Flowserve: Business segments
      • Table Flowserve: Product portfolio
      • Table Flowserve: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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