The Agricultural Pumps Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Agricultural Pumps Market?
The size of the agricultural pumps market has been on a consistent growth trajectory. The market's worth is predicted to increase from $5.38 billion in 2024 to $5.64 billion in 2025, marking a compound annual growth rate (CAGR) of 4.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Agricultural Pumps Industry?
The global market for agricultural pumps is predicted to increase to a value of $7.61 billion by 2029, with a compound annual growth rate (CAGR) of 7.8%.
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What are the Key Growth Drivers Fueling the Agricultural Pumps Market?
The key drivers in the agricultural pumps market are:
• Rise in population growth and consequent food demand
• Impact of climate change on agriculture
• Integration of renewable energy in agricultural practices
• Investment in research and development in the sector
Global Market Segmentation: Identifying Major Agricultural Pumps Industry Segments
The agricultural pumps market covered in this report 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
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What are the Emerging Trends Shaping the Future of the Agricultural Pumps Market?
The key trends in the agricultural pumps market are:
• Smart agriculture technologies are emerging as a significant trend in the market.
• Technological developments in the sector continue to shape the future of the market.
• Precision farming techniques are increasingly being adopted by stakeholders.
• Water scarcity challenges are driving innovative solutions in the agricultural pumps market.
Who Are the Top Competitors & Leading Players in the Agricultural Pumps Market?
The major players in the agricultural pumps market are:
• Grundfos Holding A/S
• Xylem Inc
Regional Dominance: Which Area Leads the Global Agricultural Pumps Market?
Asia-Pacific was the largest region in the agriculture pumps market in 2024
