Latin America Irrigation Water Pumps

Latin America Irrigation Water Pumps Market Research Report: Forecast (2022-2027)

By Type (Submersible Pump, Surface Pumps, Others), By Application (Pressure Increase, Water Transfer, Retention Lagoons, Others), By Country (Mexico, Brazil, Argentina, Colombia, Chile, Peru, Rest of Read more

  • Environment
  • Apr 2022
  • 164
  • ET55027

Market Definition

Machines are primarily used for the to & fro movement of things during irrigation. Irrigation pumps are used to pump water from a lower to a higher level, where it then streams through channels to the areas that support irrigation or to elevate it to the required pressure head so that it can be splashed on the fields via pipelines (sprinkling). These are either mechanical, electrical, or pneumatic pumps.

Latin America has a very prominent agriculture sector and is also one of the main revenue-generating sectors for many economies in the region, such as Chile, Peru, and Mexico, amongst many others, which have been the primary reason for the continuous demand for irrigation water pumps across the region.

Market Insights

The Latin America Irrigation Water Pumps Market is projected to grow at a CAGR of 3.06% during the forecast period, 2022-27. The major factor attributed to the growth of the market has been rising food security concerns in the countries such as Brazil, Colombia, Chile, Peru, etc. This, in turn, uplifted the production of crops in the region, thus positively impacting the demand for irrigation water pumps. The increasing population, improper irrigation facilities, uncertainty of rain, depleting groundwater table, etc., are some of the prominent challenges faced by farmers, which has caught-up the attention of the regional governments to invest massively in the agricultural sector. For instance:

  • In 2021, the Mexican government announced investments of nearly USD374 million for the construction of five dam projects in the states of Sinaloa, Nuevo Leon, Jalisco, and Durango.

Under this project, the water stored in dams would be further used for the irrigation of farmlands in Mexico. In parallel to this, in 2019, the government of Colombia announced the “National Irrigation Plan 2022,” with an investment of around USD2.87 billion, owing to producing a healthy yield of crops such as coffee, rice, corn, etc. Hence, the rising propensity of the regional governments towards the health yield of crops as well as for food security concerns is expected to boost the demand for irrigation water pumps in the forecast years. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 3.06%
Country Covered Mexico, Brazil, Argentina, Colombia, Chile, Peru, Rest of Latin America
Key Companies Profiled Grundfos, Xylem, KSB, Franklin, CRI Pumps, Torishima Pump Mfg. Co., Ltd., Ruhrpumpen, Dorot, Ingersoll Rand, Ebara, Zoeller Pump Company, Others
Unit Denominations USD Million/Billion

 

Moreover, the rising exports of agricultural yields, such as grapes, apples, and coffee from the countries like Brazil, Colombia, Argentina, etc., are necessitating the requirements for irrigation water pumps to produce a healthy yield. Some of the prominent importers of these crops from Latin America are the US, Germany, France, etc. Thus, the growing production of fruit crops in the region is estimated to support the growth of irrigation water pumps in the region during the forthcoming period.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Latin America Irrigation Pumps Market Porter’s Five Forces Model
  5. Latin America Irrigation Pumps Market Trends & Insights
  6. Latin America Irrigation Pumps Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. Latin America Irrigation Pumps Market Policies & Regulations
  8. Latin America Irrigation Pumps Market Hotspot & Opportunities
  9. Latin America Irrigation Pumps Market Supply Chain Analysis
  10. Latin America Irrigation Pumps Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
        1. Submersible Pump
        2. Surface Pumps
        3. Others
      2. By Application
        1. Pressure Increase
        2. Water Transfer
        3. Retention Lagoons
        4. Others
      3. By Country
        1. Mexico
        2. Brazil
        3. Argentina
        4. Colombia
        5. Chile
        6. Peru
        7. Rest of Latin America
      4. By Competitors
        1. Market Share & Analysis
        2. Competition Characteristics
  11. Mexico Irrigation Pumps Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By Application
  12. Brazil Irrigation Pumps Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By Application
  13. Argentina Irrigation Pumps Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By Application
  14. Colombia Irrigation Pumps Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By Application
  15. Chile Irrigation Pumps Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By Application
  16. Peru Irrigation Pumps Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
      2. By Application
  17. Latin America Irrigation Pumps Market Key Strategic Imperatives for Success & Growth
  18. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Grundfos
      2. Xylem
      3. KSB
      4. Franklin
      5. CRI Pumps
      6. Torishima Pump Mfg. Co., Ltd.
      7. Ruhrpumpen
      8. Dorot
      9. Ingersoll Rand
      10. Ebara
      11. Zoeller Pump Company
      12. Others
  19. Disclaimer
Latin America Irrigation Water Pumps Market Segmentation
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