Agricultural Pumps Market Report 2025

The agricultural pumps market size has grown steadily in recent years. It will grow from $5.38 billion in 2024 to $5.64 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to farm mechanization trends, government policies and subsidies, water scarcity concerns, economic conditions, global agricultural trends.

The agricultural pumps market size is expected to see strong growth in the next few years. It will grow to $7.61 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to population growth and food demand, climate change impact, renewable energy integration, research and development. Major trends in the forecast period include smart agriculture technologies, technological advancements, increased adoption of precision agriculture, rising water scarcity concerns.

The anticipated growth in the agricultural pump market is expected to be propelled by the rapidly expanding agriculture sector. This sector, encompassing the production of crops and livestock along with agricultural engineering, equipment, and related items, is a key component of the economy. Agricultural pumps play a crucial role in this sector by providing the necessary amount of water to different parts of the field, expediting the cultivation process. For example, a report published by the Organization for Economic Co-operation and Development in June 2022 highlighted the need for a 28% increase in agricultural productivity over the next decade to achieve zero-hunger targets, with global crop production estimated to rise by 87% by 2030. Hence, the robust growth in the agriculture sector is a driving force behind the agricultural pump market.

Government initiatives aimed at promoting agricultural mechanization are also expected to contribute to the growth of the agricultural pump market. Governments worldwide are implementing various programs and policies to encourage the adoption of agricultural pumps, recognizing their importance in enhancing agricultural productivity and sustainability. For instance, in August 2022, the UK government announced funding of up to $591,220 (£500,000) for farmers and growers to invest in cutting-edge robotics and mechanization through the Farming Futures Automation and Robotics competition. This initiative is part of the government's larger Farming Innovation Programme, totaling $319.25 million (£270 million). Thus, government efforts to promote agricultural mechanization are driving the growth of the agricultural pump market.

Leading companies in the agricultural pump market are introducing innovative products like borewell pumps to improve water supply solutions. A borewell pump is designed to extract water from deep underground borewells or wells for various uses, including irrigation, domestic water supply, and industrial applications. For example, in August 2023, KSB Limited, a pumps and valves company based in India, launched a new line of energy-efficient pumps. The KSTP Sewage Pumps are specifically engineered for dewatering applications and feature a 1 PH configuration. Additionally, the KGP Control Panel is compatible with 100-mm borewell pump sets and supports both oil- and water-filled applications, with a maximum capacity of 2 HP. The UMN Series Oil Filled Pumpsets are rated for up to 3 HP, making them suitable for low-voltage applications, while the UPFN Borewell Pumpsets are designed for high-head applications, with capacities reaching up to 30 HP. Furthermore, the Ultra Plus Series Monoblock Pumpsets offer three-phase options with capacities up to 20 HP, catering to a range of water handling tasks. Finally, the KMR Series (Krishi Series) includes open well pumps specifically designed for irrigation purposes.

Leading companies in the agricultural pump market are introducing innovative solutions like remote pump monitoring systems to enhance operational efficiency. A remote pump monitoring system is a technology that enables users to track and manage the performance and operational metrics of pumps in real-time from a distance, often utilizing IoT connectivity. For instance, in August 2022, Kirloskar Brothers Limited (KBL), a pump manufacturer based in India, launched KirloSmart, an advanced IoT-based remote pump monitoring system designed to improve the efficiency and reliability of pump operations. This system allows users to monitor and troubleshoot pumps in real time without needing manual intervention. By integrating innovative hardware and software, KirloSmart transmits operational data to a web-based portal and mobile application, providing valuable insights into pump health and performance. Additionally, the system features predictive maintenance analytics, alert notifications, and detailed reporting capabilities that help users identify potential issues and optimize energy consumption.

In October 2023, Verder Group, a Netherlands-based pump manufacturer, acquired ITC for an undisclosed sum. This acquisition aims to strengthen Verder Group's position in the dosing pump market by incorporating ITC's technology and expertise into its product lineup. ITC, based in Spain, specializes in the production of dosing pumps and control systems tailored for agricultural applications and water treatment.

Major companies operating in the agricultural pumps market include Grundfos Holding A/S, Xylem Inc., KSB SE & Co KGaA, Flowserve Corporation, Valmont Industries Inc., Jain Irrigation Systems Ltd., Franklin Electric Co Inc., Sulzer Ltd., WILO SE, Zhejiang Doyin Pump Industry Group Co. Ltd., Lindsay Corporation, Cornell Pump Company, CNP (India) Private Limited, Kirloskar Brothers Limited, CRI Pumps Private Limited, The Weir Group PLC, Mahindra EPC Irrigation Limited, Zhejiang Leo Group Pumps Co. Ltd., Mono Pumps Limited, Texmo Pumps and Systems Limited, National Pump Company (P) Ltd., Shakti Pumps (India) Limited, Pentair plc, Falcon Pumps Private Limited, Walrus Pumps Co Ltd., Zhejiang Haicheng Suprasuny Pump Co. Ltd., Navitas Solar Pumps Private Limited, Cat Pumps (US) Inc., VestJet AS, Tsurumi Manufacturing Co. Ltd.

Asia-Pacific was the largest region in the agriculture pumps market in 2024. The regions covered in the agricultural pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the agricultural pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Agricultural pumps are devices that utilize rotational motion mechanics to generate kinetic energy for the purpose of propelling water. These pumps play a crucial role in optimizing irrigation efficiency by delivering the right amount of water to different parts of the field, thereby expediting cultivation.

The two main types of agricultural pumps are rotodynamic pumps and positive displacement pumps. Rotodynamic pumps operate by continuously imparting energy to the fluid through the use of a rotating impeller. These pumps can be powered by electricity from the grid, diesel or petrol engines, and solar energy, with varying horsepower (hp) ranges including 0.5-3, 4-15, 16-30, 31-40, and greater than 40. The primary end-uses of agricultural pumps include irrigation and livestock watering.

The agricultural pumps market research report is one of a series of new reports that provides agricultural pumps market statistics, including agricultural pumps industry global market size, regional shares, competitors with an agricultural pumps market share, detailed agricultural pumps market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural pumps industry. The agricultural pumps market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The agricultural pumps market consists of sales of deep-well turbines, submersible pumps, and propeller pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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