Agricultural Pumps Market

By Type;

Rotodynamic Pumps-[Centrifugal Pumps, Axial Flow and Mixed Flow] and Positive Displacement Pumps-[Rotary Pumps and Reciprocating Pumps]

By Power Source;

Electricity-Grid Connection, Diesel & Petrol and Solar

By End Use;

Irrigation and Livestock Watering

By HP;

0.5-3, 4-15, 16-30, 31-40 and Greater Than 40

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn948613191 Published Date: October, 2025 Updated Date: November, 2025

Agricultural Pumps Market Overview

Agricultural Pumps Market (USD Million)

Agricultural Pumps Market was valued at USD 5,781.39 million in the year 2024. The size of this market is expected to increase to USD 9,780.56 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.8%.


Agricultural Pumps Market

*Market size in USD million

CAGR 7.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.8 %
Market Size (2024)USD 5,781.39 Million
Market Size (2031)USD 9,780.56 Million
Market ConcentrationMedium
Report Pages391
5,781.39
2024
9,780.56
2031

Major Players

  • Xylem Inc
  • Grundfos
  • Shakti Pumps Ltd
  • Valmont Industries
  • Lindsay Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Agricultural Pumps Market

Fragmented - Highly competitive market without dominant players


The Agricultural Pumps Market has become essential in modern farming, enabling reliable irrigation and effective water distribution. With greater focus on sustainable farming, about 45% of farms now integrate pumping systems to optimize water use. These solutions improve productivity and help maintain crop health regardless of rainfall variations.

Factors Driving Strong Market Demand
Rising demand for water conservation and efficient crop output is fueling market expansion. Nearly 38% of agricultural operations have embraced pumping technologies to maintain consistent irrigation. By ensuring precise water delivery, these systems strengthen soil management, improve yields, and enhance overall farming efficiency.

Technological Advancements Elevating Growth
Innovations such as solar-powered pumps, smart sensors, and automated systems are reshaping irrigation practices. Around 50% of recent installations include renewable energy or IoT-enabled features. These upgrades reduce operational expenses while supporting eco-friendly agriculture, making them increasingly attractive for modern farmers.

Focus on Efficiency and Cost Savings
Adoption is also growing due to the demand for energy-efficient agricultural equipment. Nearly 42% of farmers now prioritize pumps that offer greater efficiency with lower electricity consumption. By reducing water wastage and operational costs, these systems enhance profitability and promote resource-conscious farming practices.

Positive Outlook for Market Expansion
The Agricultural Pumps Market shows strong potential for future expansion as mechanized irrigation becomes more common. Close to 58% of stakeholders are planning investments in upgraded pumping technologies. Continuous innovation, rising awareness, and supportive initiatives will reinforce long-term growth in this sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Power Source
    3. Market Snapshot, By End Use
    4. Market Snapshot, By HP
    5. Market Snapshot, By Region
  4. Agricultural Pumps Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Irrigation
        2. Adoption of Precision Agriculture
        3. Government Initiatives and Subsidies
        4. Expansion of Agriculture in Emerging Markets
      2. Restraints
        1. High Initial Investment Costs
        2. Operational and Maintenance Expenses
        3. Energy Efficiency Challenges
        4. Water Resource Management Issues
      3. Opportunities
        1. Adoption of Smart Irrigation Systems
        2. Expansion of Precision Agriculture
        3. Focus on Sustainable Water Management
        4. Market Expansion in Emerging Economies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Agricultural Pumps Market, By Type, 2021 - 2031 (USD Million)
      1. Rotodynamic Pumps
        1. Centrifugal Pumps
        2. Axial Flow
        3. Mixed Flow
      2. Positive Displacement Pumps
        1. Rotary Pumps
        2. Reciprocating Pumps
    2. Agricultural Pumps Market, By Power Source, 2021 - 2031 (USD Million)
      1. Electricity-Grid Connection
      2. Diesel & Petrol
      3. Solar
    3. Agricultural Pumps Market, By End Use, 2021 - 2031 (USD Million)
      1. Irrigation
      2. Livestock Watering
    4. Agricultural Pumps Market, By HP, 2021 - 2031 (USD Million)
      1. 0.5-3
      2. 4-15
      3. 16-30
      4. 31-40
      5. Greater Than 40
    5. Agricultural Pumps Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Grundfos Holding A/S
      2. Xylem Inc.
      3. KSB SE & Co.
      4. Flowserve Corporation
      5. Sulzer Ltd.
      6. Pentair plc
      7. EBARA Corporation
      8. Franklin Electric Co., Inc.
      9. Wilo SE
      10. Shimge Pump Industry Group Co., Ltd.
      11. Shakti Pumps Ltd.
      12. Kirloskar Brothers Limited
      13. CNP Pumps India Pvt. Ltd.
      14. Lindsay Corporation
      15. Texmo Pumps & Systems Ltd.
  7. Analyst Views
  8. Future Outlook of the Market