세계의 농업용 펌프 시장 - 시장 규모, 부문, 전망, 매출 예측 : 제품 유형별, 전력별, 용도별, 정격전력별, 지역별(2022-2028년)
Global Agricultural Pumps Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Product Type, Power Source, Application, Power Rating, and Region
세계의 농업용 펌프 시장 규모는 2022년은 약 50억 달러에 이를 것으로 추정되며, 2022-2028년간 약 6%의 연평균 복합 성장률(CAGR)로 성장을 지속하여 2028년까지 약 70억 달러에 이를 것으로 예상됩니다.
세계의 농업용 펌프(Agricultural Pumps) 시장을 조사했으며, 시장 개요, 시장 규모와 예측, 동향, 성장 촉진요인 및 과제, 제품 유형별·전력별·용도별·정격전력별·지역별 분석 및 경쟁 구도 등의 정보를 전해드립니다.
Agricultural pumps serve the purposes of land irrigation and livestock watering by pulling out water from reservoirs and transferring them to another area with ease. These pumps are powerful enough to draw water from a range of sources, from underground sources that could be 60 to 1,500 feet deep to sources that are situated on the surface. Agricultural pumps could be Rotodynamic or Positive Displacement Pumps. While rotodynamic pumps comprise sub-segments such as centrifugal pumps, axial flow pumps, and mixed-flow pumps, positive displacement pumps include rotary and reciprocating pumps. Agricultural pumps are capable of fetching power from electricity grids or may be fueled by diesel/petrol and solar power.
According to Ken Research Analysis, the Global Agricultural Pumps Market is estimated to have grown to a size of ~US$5 billion in 2022 from ~US$3 billion in 2017. The market is expected to grow further to a size of ~US$7 billion by 2028 at a CAGR of around ~6% for the forecasted period of 2022-2028, owing to the consistent rise in global population, increased pressure for food on agricultural production/supply system, growing adoption rate of modern and efficient farming techniques and governments across the world proactively supporting the modernization.
Global population is growing at a consistent pace. According to the United Nations, the global population is estimated to reach 8 billion on November 15th, 2022The UN further estimates that the global population could reach 9.7 billion by 2050 and 11 billion by 2100. Proportionately, the demand for food is also expected to increase, resulting in the need for more and more cultivable lands to be brought under an efficient irrigation system. It requires powerful and efficient pumps that could draw water from underground sources as well as surface-level reservoirs and lakes that are situated at quite a distance from the field.
Agricultural pumps also help make the farming process more efficient and cost-effective. For instance, solar energy-powered pumps can reduce disruptions in the water supply at places where the supply of electricity is insufficient and irregular. Centrifugal pumps, a sub-category of the rotodynamic variety, are capable of transferring low-viscosity fluids at a high flow rate. A rotodynamic pump is also designed in a way that makes it ideal for handling large volumes of water without requiring a high maintenance cost. The design of these pumps is simple and they are suited for operations that are run continuously. Positive displacement pumps, on the other hand, help deal with high-viscosity fluids, such as groundwater. They remain steadily efficient even in situations where the supply of water is irregular in its pressure, flow, and viscosity.
Overall, these two broad categories of pumps, rotodynamic and positive displacement, help farming remain efficient in all probable sorts of farming conditions without letting the operational and maintenance costs increase and take a toll on agricultural earnings.
Accessibility to efficient pumping systems still remains a challenge in many parts of the world. Studies have shown that small-acreage landholders in areas like sub-Saharan Africa, where modernized irrigation is the need of the hour, still can't afford to purchase a solar energy-powered pump without the help of institutional financing. According to a study published in The Journal of Development Studies in 2021, institutional financiers are inclined to disburse irrigation support funds to owners whose lands are best-suited for irrigation and offer higher chances of recovering the investment. However, the owners of such lands already have high incomes, while smallholder farmers with less income remain unattended by the benefits.
The initial days of the COVID-19 outbreak were marked by disrupted supply chains where companies could not meet their production target within the stipulated time owing to the unavailability of raw materials and subsequently the production getting hindered. Many small manufacturers had to shut their units down after not being able to meet production timelines for a sustained period of time. It also resulted in a gross imbalance in the supply-demand dynamics of the market. However, the market has been witnessing a rebound since imports and exports of goods and materials have become regularized. Many well-known manufacturers have started expanding their product portfolio with solutions that cater to the changed agrarian scenario.
Scope of the Report:
Agricultural Pumps Market is segmented into product type, power source, power rating, application, and region. In addition, the report also covers the size and forecasts for the four major regions of the market. The revenue used to size and forecast the market for each segment is US$ billion.
By Product Type
Positive Displacement Pumps
By Power Source
By Power Rating
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy)
Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
LAMEA (Latin America, Middle East, Africa)
Falcon Pumps Pvt. Ltd.
Walrus Pump Co. Ltd.
Key Trends by Market Segment
By Product Type: Rotodymanic pumps accounted for the largest share of the market in 2021. Among its sub-categories, namely Centrifugal Pumps, Axial Flow Pumps, and Mixed Flow Pumps, Centrifugal pumps emerged as the largest segment. The positive displacement pumps are expected to witness the fastest CAGR during the forecast period of 2022-2028.
The Centrifugal Pumps witnessed the maximum demand owing to its capability of offering high levels of efficiency across a range of operating conditions. These pumps are also easy to install and can be deployed at lower costs. Mixed flow pumps, another subcategory of rotodynamic pumps, offer a high flow rate, while axial flow pumps are known for their higher mass-flow rates.
Since positive displacement pumps are capable of offering high-pressure outflow of fluids while working under low-pressure conditions, many businesses and agricultural support organizations are trying to encourage the adoption of these pumps by increasing investment and promoting innovation in this category.
By Power Source: Pumps powered by electricity grid connections accounted for the largest share of the market in 2021. However, solar energy-powered pumps are expected to witness the fastest growth during the forecasted period of 2022-2028.
In vast areas of North America, Europe, and the Asia Pacific, electricity grid-connected agricultural pumps are preferred as they are relatively cheaper than diesel/petrol-powered pumps. Many provincial and national governments in the Asia Pacific region offer subsidies on the price of electricity as well.
Solar power-backed pumps that leverage the technology of photovoltaic cells are considered sustainable solutions that are immune from fluctuations in prices as is evident in the cases of electricity or fossil fuel. They also do not damage the feeders and reduce supply.
By Application: In terms of application, agricultural pumps meant for irrigation occupied the largest share of the market in 2021.
The depletion of groundwater, diminishing levels of surface water reserves, and major droughts across large regions like Chile or the United States have made irrigation pumps a dire necessity for most farmers worldwide. Efficient irrigation also ensures high levels of productivity and profitability in the agricultural sector. According to the Census of Agriculture conducted in the United States in 2017, farms with irrigation held more than 54% of the total value of U.S. crop sales, whereas irrigated land accounted for less than 20% of the country's total harvested cropland.
The use of agricultural pumps to meet the demand for livestock watering is also expected to increase at a significant rate during the forecasted period of 2022-2028. The consumption of meat and poultry is anticipated to increase worldwide, consolidating the demand for this segment.
By Power Rating: The 4-15 hp segment accounted for the largest segment of the market in 2021, and is expected to continue on its growth trajectory at a substantial pace during the forecast period of 2022-2028.
The largest market share of the 4-15 hp segment is driven by these pumps' capability to resist voltage fluctuations. Small and medium-sized landowners deploy these pumps as solutions to extract water from lakes and reservoirs.
Fragmentation of cultivable land is a reality across the world. According to the data published by the Food and Agriculture Organization of the United Nations in 2021, five of every six farms in the world are built on less than two hectares of land. Smallholder farmers work on around 12%of all agricultural land while producing 35% of the world's food. Efficiency is, therefore, even more, crucial for these farmers who find 4-15 hp pumps cost-effective.
By Region: Asia Pacific accounted for the largest segment of the market in 2021, owing to the vast presence of irrigated cropland area in countries like China and India.
According to a report published by the Food and Agriculture Organization of the United Nations in 2020, three of the five top countries in the world with the largest irrigated cropland area fall within the Asia Pacific region, including China, India, and Pakistan. While China and India consist of around 68 Million hectares each, Pakistan holds an area of 20 million hectares.
However, when it comes to the largest agricultural land extant, China tops the chart with 500 million hectares (Mha), followed by the United States, Australia (about 400 Mha each), and Brazil (278 Mha). Resultantly, North America and LAMEA are also considered to be significant markets for agricultural pumps.
The Global Agricultural Pumps market has ~500 players, including globally diversified players, regional players, and country-niche players having expertise in addressing specific needs prevalent in the land, irrigation, and livestock requirements of a specific region.
Large global players constitute ~5% of the market in terms of the number of competitors, while regional players hold the largest share. Some of the major players in the market include Xylem Inc., Grundfos, Franklin Electric, Flowserve, WILO, Falcon Pumps Pvt. Ltd., Walrus Pumps Co. Ltd., Kirloskar Group, Haicheng Suprasuny Pump, Lindsay Corporation.
Recent Developments Related to Major Players
In October 2022, Grundfos, a leading player in the global agricultural pumps market, launched a set of satellite-connected, solar-powered water pumps for livestock farming in association with Myriota, a key player in offering secure, low-power satellite connectivity for the Internet of Things (IoT).
In March 2022, India-based Kirloskar Group, exhibited a range of energy-efficient irrigation pumps at India's largest agricultural fair in Pune. Made for irrigation purposes, these advanced-technology pumps from Kirloskar would consume less energy for high performance and are expected to save farmers' electricity bills by up to 20%.
The Global Agricultural Pumps market is expected to grow steadily at a moderate pace during the forecast period. Multiple factors will drive growth in this segment, including the growing demand for food supply for a consistently surging world population, and the need for cost-efficient smart farming techniques that will save energy and reduce operational costs. The Asia-Pacific region, owing to its vast area of irrigated croplands and the proportionate pressure from a burgeoning population, contributes the most to the demand. Though the market is highly competitive with ~500 players, regional players control the dominant market share and global players also hold a significant market share.
Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.
Key Topics Covered in the Report
Snapshot of the Global Agricultural Pumps Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Agricultural Pumps Market
Historic Growth of the Overall Global Agricultural Pumps Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Agricultural Pumps Industry
Overview, Product Offerings, and Strength & Weakness of Key Competitors
COVID-19 Impact on the Overall Global Agricultural Pumps Market
Future Market Forecast and Growth Rates of the Total Global Agricultural Pumps Market and by Segments
Market Size of Application Segments with Historical CAGR and Future Forecasts
Analysis of the Global Agricultural Pumps Market
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region
Notable Major Companies Mentioned in the Report
Falcon Pumps Pvt. Ltd.
Walrus Pump Co. Ltd.
Notable Emerging Companies Mentioned in the Report
Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report
Agricultural Pumps and Component Manufacturers
Agricultural Supply Marketplaces
Government Agricultural Departments
Agri-tech Industry Investors/ VC Funds
Agricultural Pump Raw Material Suppliers
Farmer Support Groups/ Non-Governmental Organization (NGO)
Large Agricultural Farms/ Food Production Companies
Time Period Captured in the Report
Historical Period: 2017-2021
Forecast Period: 2022E-2028F
Frequently Asked Questions
What is the Study Period of this Market Report?
The Global Agricultural Pumps Market is covered from 2017 - 2028 in this report, which includes a forecast for the period 2022-2028.
What is the Future Growth Rate of the Global Agricultural Pumps Market?
The Global Agricultural Pumps Market is expected to witness a CAGR of ~6% over the next 6 years.
What are the Key Factors Driving the Global Agricultural Pumps Market?
The rise in global population, increased pressure for food on the agricultural production/supply system, growing adoption rate of modern and efficient farming techniques, and governments across the world proactively supporting modernization are some of the key factors driving the global agricultural pumps market.
Which is the Largest Application Segment within the Global Agricultural Pumps Market?
Application-wise, Irrigation occupied the larger chunk of the market.
Who are the Key Players in the Global Agricultural Pumps Market?
Some of the major players in this market include Xylem Inc., Grundfos, Franklin Electric, Flowserve, WILO, Falcon Pumps Pvt. Ltd., Walrus Pumps Co. Ltd., Kirloskar Group, Haicheng Suprasuny Pump, Lindsay Corporation, etc.
2.7.1 By Product Type
2.7.2 By Power Source
2.7.3 By Power Rating
2.7.4 By Application
2.7.5 By Region
3.2.1 Rotodynamic Pumps
3.2.2 Positive Displacement Pumps
4.2.1 Electricity Grid-Connection
5.2.2 Livestock Watering
8.4.1 Major Production and Consumption Hubs in North America
8.4.2 Notable Emerging Agricultural Pumps Companies in North America
8.4.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product Type, 2017-2028
8.4.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Power Source, 2017-2028
8.4.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Power Rating, 2017-2028
8.4.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.4.7 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
8.5.1 Major Production and Consumption Hubs in Europe
8.5.2 Notable Emerging Agricultural Pumps Companies in Europe
8.5.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product Type, 2017-2028
8.5.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Power Source, 2017-2028
8.5.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Power Rating, 2017-2028
8.5.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.5.7 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
Rest of Europe
8.6.1 Major Production and Consumption Hubs in the Asia Pacific
8.6.2 Notable Emerging Agricultural Pumps Companies in the Asia Pacific
8.6.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product Type, 2017-2028
8.6.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Power Source, 2017-2028
8.6.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Power Rating, 2017-2028
8.6.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.6.7 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
Rest of Asia Pacific
8.7.1 Major Production and Consumption Hubs in LAMEA
8.7.2 Notable Emerging Agricultural Pumps Companies in LAMEA
8.7.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product Type, 2017-2028
8.7.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Power Source, 2017-2028
8.7.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Power Rating, 2017-2028
8.7.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Application, 2017-2028
8.7.7 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Region, 2017-2028