Agriculture Irrigation Pumps Market Overview and Insights:

According to MarkNtel Advisors Report, 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.

Agriculture Irrigation Pumps Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

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Key Takeaways: Beneficial for Stakeholders and Clients:

• Historical Data: 2020-23
• Base Year: 2024
• Forecast Period: 2025-2030

What are the major challenges facing the Agriculture Irrigation Pumps Market?

Heavily Fluctuating Raw Material Prices of Agriculture Pumps – The prices of key raw materials of agriculture irrigation pumps such as cast iron, steel, bronze, etc., have been fluctuating from 2021 to 2024. Further, the global steel prices were as high as USD 2,200 per ton in 2022, which was reduced to USD  765 in 2024 per ton expected to reach USD 730 per million tons by 2025. Global prices for iron ore were around USD 100 per ton in 2023 and reduced to USD 90 per ton, which is further expected to reduce to USD 70 per ton by 2026. Thus, the fluctuation in prices of steel and iron ore makes it difficult for the manufacturers to reduce their input costs.

The overcapacity of steel production in China was one of the primary reasons for this volatility, as the manufacturers started dumping in the international markets which invited anti-dumping duties from various countries, again impacting the prices. Moreover, the military conflict in Europe and the Middle East near various important trade routes has increased the transportation cargo insurance costs for the commodity exporters. Thus, the increased cost is eventually passed on to the consumers, further affecting the overall market growth of pump manufacturing companies.

Who are the Key Players Operating in the Agriculture Irrigation Pumps Industry?

The top companies of the Agriculture Irrigation Pumps market ruling the industry are: 

• 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

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What is Included in Agriculture Irrigation Pumps Market Segmentation?

The report has segmented the market into the following categories:

By Type

• Centrifugal Pumps
  • Overhung Pumps- Market Size Forecast 2020-2030, USD Million
    • Vertical Inline- Market Size Forecast 2020-2030, USD Million
    • Horizontal End Suction- Market Size Forecast 2020-2030, USD Million
  • Split Case Pumps- Market Size Forecast 2020-2030, USD Million
    • Single/Two Stage- Market Size Forecast 2020-2030, USD Million
    • Multi Stage- Market Size Forecast 2020-2030, USD Million
  • Vertical Pumps- Market Size Forecast 2020-2030, USD Million
    • Turbine- Market Size Forecast 2020-2030, USD Million
      • Solid Handling- Market Size Forecast 2020-2030, USD Million
      • Non-solid Handling- Market Size Forecast 2020-2030, USD Million
    • Axial- Market Size Forecast 2020-2030, USD Million
    • Mixed Flow- Market Size Forecast 2020-2030, USD Million
  • Submersible Pumps
    • Solid Handling- Market Size Forecast 2020-2030, USD Million
    • Non-solid Handling- Market Size Forecast 2020-2030, USD Million
  • Positive Displacement Pumps
    • Diaphragm Pumps- Market Size Forecast 2020-2030, USD Million
    • Piston Pumps- Market Size Forecast 2020-2030, USD Million
    • Progressive Cavity Pumps- Market Size Forecast 2020-2030, USD Million
    • Peristaltic Pumps- Market Size Forecast 2020-2030, USD Million

Centrifugal pumps lead the market among all these different types of pumps by holding more than 90% share of the Global Agriculture Irrigation Pumps Market. Centrifugal pumps are manufactured using less number of components and are easy to install with lower maintenance which results in energy efficiency. Along with this, these pumps are available in different categories, suitable for varied ranges of flow pressure. Also, the consistent flow provided by them makes them more suitable for agriculture irrigation purposes.

By Power Source

• Electricity - Market Size Forecast 2020-2030, USD Million
• Diesel- Market Size Forecast 2020-2030, USD Million
• Renewables - Market Size Forecast 2020-2030, USD Million

By Horse Power

• 5 to 5 HP - Market Size Forecast 2020-2030, USD Million
• 6 to 20 HP- Market Size Forecast 2020-2030, USD Million
• 21 to 100 HP - Market Size Forecast 2020-2030, USD Million
• 101 to 200 HP – Market Size Forecast 2020-2030, USD Million
• Above 200 HP - Market Size Forecast 2020-2030, USD Million

By Region

• North America
• South America
• Europe
• The Middle East and Africa
• Asia-Pacific

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Frequently Asked Questions (FAQs)-

• What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
• What are the trends influencing the current scenario of the market?
• How has the Agriculture Irrigation Pumps industry been evolving in terms of geography adoption?
• Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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