Agricultural Pumps Market Analysis: Major Players, Lucrative Segments And Top Geographies
3 Jul, 2023
The global agricultural pumps market size is expected to grow from $4.89 billion in 2022 to $5.16 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global agricultural pumps market size is expected to reach $6.43 billion in 2027 at a CAGR of 5.7%.
Global Agricultural Pumps Market Key Driver
The continuously expanding agriculture industry is likely to boost the agricultural pump market ahead. Agriculture is an economic sector that produces crops and cattle, as well as agricultural engineering, equipment, fertiliser, and other farming-related commodities. To speed up cultivation, an agriculture pump delivers the appropriate amount of water to each section of the field.
Get a sample of the global agricultural pumps market reportGlobal Agricultural Pumps Market Segments
The global agricultural pumps market is segmented:
1) By Type: Rotodynamic Pumps, Positive Displacement Pumps
2) By Power Source: Electricity-Grid Connection, Diesel Or Petrol, Solar
3) By HP: 0.5-3, 4-15, 16-30, 31-40, >40
4) By End-Use: Irrigation, Livestock Watering
5) By Geography: The regions covered in the agricultural pumps market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global agricultural pumps market.
Major Agricultural Pumps Industry Players
Grundfos Holding A/S, Xylem Inc., KSB SE & Co KGaA, Flowserve Corporation, Valmont Industries Inc., Jain Irrigation Systems Ltd., Franklin Electric, Sulzer Ltd., WILO SE, Shimge Pump Industry Group Co Ltd., Lindsay Corporation, CORNELL PUMP COMPANY, CNP India Private Limited, Kirloskar Brothers Limited, CRI Pumps Private Limited
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Agricultural Pumps Market Overview
Agricultural pumps are pumps that use rotational motion mechanics to propel water with kinetic energy. By providing the right amount of water to each part of the field to speed up cultivation, they offer exceptional irrigation efficiency.
Agricultural Pumps Global Market Report 2023 provides data on the global agricultural pumps market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The agricultural pumps market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.