Press Release

A USD 3.83 Billion Agriculture & Irrigation Pumps Market to Witness a CAGR of Around 4.94% During 2025

The Global Agriculture & Irrigation Pumps Market size was valued at around USD 3.83 billion in 2024 and is projected to reach USD 4.86 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.94% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in their recent research report. The agriculture and irrigation pumps are utilized for proper irrigation facilities in the farms & agricultural land by helping in the movement of water from one level to another and providing water at the required pressure.

Almost 4.8 billion hectares of land across the globe are for agriculture, and on over 80% of the cultivable land, rain-fed agriculture is practiced, which means irrigation is dependent on rainfall. However, the share of land that receives proper irrigation remains at 18%. The rest of the 82% of land does not receive proper irrigation due to a lack of irrigation facilities and uneven rainfall distribution. With the lack of irrigation facilities, more than 30% of the yield production of crops such as citrus fruits, sugarcane, rice, etc. gets hampered. For cereal crops, this share goes up to around 47%. Therefore, countries that are dependent on agriculture and have a significant share in global food production, are focusing on modernizing agriculture and ensuring proper irrigation facilities. This enhanced focus is ultimately driving the demand for irrigation and agriculture pumps to boost yield production by offering proper irrigation facilities in farms.

Moreover, the increased carbon emissions with the use of diesel (almost 59% emissions of all the emissions coming from energy sources) and electric pumps (almost 41%), are the factors that are shifting the focus of agriculture-based economies towards the use of solar pumps. Although the initial cost of installation of these pumps is higher, the overall lifetime maintenance cost is negligible. As a result, countries like India, China, Japan, the US, etc. are rapidly promoting the use of solar pumps. In India, the fleet of solar pumps in 2024 is more than 30 million pumps, expanding more with the scheme PM- KUSUM. The ultimate aim is to install more than 2 million new solar pumps by 2026 and replace more than 1.5 billion electric pumps with solar pumps. Further, in African countries to meet the desired results of efficient irrigation, the inability to use electric and diesel pumps is helping in the expansion of the fleet of solar pumps, further states the research report, Global Agriculture & Irrigation Pumps Market Analysis, 2025.”

Global Agriculture & Irrigation Pumps Market Segmentation Analysis

Centrifugal Pumps Segment Holds the Largest Market Share

Based on the type, the market is further bifurcated into centrifugal, positive displacement pumps. Of all the primary categories of agriculture & irrigation pumps, the Global Agriculture & Irrigation Pump Market is led by centrifugal pumps acquiring more than 90% share of the market. Overhung, split-case, & vertical pumps, all are categories of centrifugal pumps. The manufacturing of centrifugal pumps requires a lower number of components compared to other pumps. Along with it, they have benefits such as easy installation and energy efficiency use with lower maintenance costs. All these benefits of centrifugal water pumps along with the suitability of use & consistency in flow they provide, are the key reasons for the highest share of centrifugal water pumps.

 North America Leads the Agriculture & Irrigation Pumps Industry

Among all these major regions, North America led the market with more than 36% market. The large share is attributed to large and developed agricultural countries in the region such as the U.S., Canada, and Mexico. Thus the irrigation capacities are high in these countries, which is driving the agriculture pumps market in the region, according to MarkNtel Advisors' research report.

However, with the superfast growth rates, it is estimated that the region of Asia-Pacific will acquire the highest share by 2030 in the market. This will be majorly contributed by the fastest developing countries such as India, and China. Also, the continuous advancement in agricultural practices by the big economies such as India, China, and Japan, is anticipated to augment the revenue growth of the Agriculture & Irrigation Pumps Market.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Grundfos Group, Xylem Inc., KSB SE & Co. KGaA, Franklin Electric, Flowserve Co., Armstrong Fluid Technology, ITT Inc., SPX FLOW, Inc., Sulzer Ltd., Ebara Corporation, PSG Dover, WILO SE, Kirloskar Brothers Limited (KBL), Weir Group PLC, Torishima Pump Mfg. Co. Ltd., Pentair Plc., Patterson Pump Company, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the Globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?