"Irrigation Pumps Market - Industry Trends and Forecast to 2028
Global Irrigation Pumps Market, By Product Type (Submersible Pump, Vortex Pump, Centrifugal Pump, Non-submersible Pump and Others), End Use (Farmland, Gardens and Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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Data Bridge Market Research analyses that the irrigation pumps market will project a compound annual growth rate (CAGR) of 7.80% during the forecast period of 2021-2028. Growing demand for powered implements and 4-wheel drive tractors, rising demand for new and mechanized techniques for farming or agriculture especially in the developing countries, rising integration of advanced technology with the agricultural equipment are the major factors attributable to the growth of irrigation pumps market. This means that the irrigation pumps market value, which was USD 4.2 billion in 2020 will climb up to USD 7.65 billion by the year 2028.
**Segments**
- **Product Type:** The irrigation pumps market can be segmented based on product type into centrifugal pumps, axial flow pumps, submersible pumps, and others. Centrifugal pumps are widely used in irrigation systems due to their high efficiency and ability to handle large volumes of water. Axial flow pumps are suitable for low head applications, while submersible pumps are ideal for deep well irrigation.
- **Application:** In terms of application, the market can be segmented into agriculture, horticulture, landscaping, and others. Agriculture is the major application segment for irrigation pumps, driven by the need to optimize water usage and increase crop yield. Horticulture and landscaping sectors also contribute to the demand for irrigation pumps for maintaining gardens, nurseries, and green spaces.
- **Power Source:** Based on the power source, the market can be segmented into electric pumps, diesel-powered pumps, and solar-powered pumps. Electric pumps are the most commonly used type, providing consistent performance and easy operation. Diesel-powered pumps are preferred in areas with limited access to electricity, while solar-powered pumps are gaining popularity due to their eco-friendly and cost-effective nature.
**Market Players**
- **Xylem Inc.:** Xylem Inc. is a leading player in the irrigation pumps market, offering a wide range of products such as centrifugal pumps, submersible pumps, and booster systems. The company focuses on innovation and sustainability in its product offerings to meet the evolving needs of the agriculture sector.
- **Grundfos:** Grundfos is another key player in the market known for its high-quality irrigation pumps tailored for agricultural applications. The company emphasizes energy efficiency and smart technology integration in its pump solutions to enhance productivity and reduce operational costs for farmers.
- **Kirloskar Brothers Limited:** Kirloskar Brothers Limited is a prominent player in the irrigation pumps market, providing reliable and durable pumps for various irrigation requirements. The company's diverse product portfolio includes submersible pumps, monoblock pumpsThe irrigation pumps market is witnessing significant growth and evolution driven by several key factors. One of the primary drivers of market growth is the increasing global demand for efficient and sustainable agricultural practices. With the rising population and shrinking arable land, there is a growing need to optimize water usage and maximize crop yield, creating a strong demand for irrigation systems and pumps. Additionally, climate change and erratic weather patterns have further emphasized the importance of efficient irrigation solutions to ensure food security and mitigate water scarcity challenges.
Product innovation is playing a crucial role in shaping the competitive landscape of the irrigation pumps market. Market players are continually investing in research and development activities to introduce advanced technologies and enhance the performance and efficiency of irrigation pumps. For instance, companies like Xylem Inc., Grundfos, and Kirloskar Brothers Limited are focusing on developing smart and energy-efficient pump solutions that can adapt to varying irrigation requirements and provide real-time monitoring and control capabilities. These technological advancements not only improve the productivity of agricultural operations but also help in reducing operational costs and environmental impact.
Another notable trend in the irrigation pumps market is the increasing adoption of solar-powered pumps. Solar energy has emerged as a sustainable and cost-effective power source for irrigation pumps, especially in remote areas where access to electricity is limited or unreliable. Solar-powered pumps offer farmers the advantage of reducing operating costs, minimizing dependence on fossil fuels, and promoting environmental sustainability. As a result, many market players are expanding their product portfolios to include solar-powered options to cater to the growing demand for eco-friendly irrigation solutions.
The market segmentation based on application highlights the diverse end-user industries that drive the demand for irrigation pumps. While agriculture remains the dominant application segment, other sectors such as horticulture and landscaping are also significant contributors to market growth. The increasing focus on urban farming, greenhouse cultivation, and ornamental gardening has boosted the demand for irrigation pumps in horticulture and landscaping applications. Moreover, government initiatives and subsidies supporting sustainable farming practices and water conservation efforts are further fueling the adoption of irrigation**Segments:**
- **Product Type:** The irrigation pumps market is segmented based on product type into centrifugal pumps, axial flow pumps, submersible pumps, and others. Centrifugal pumps are widely used for their high efficiency, while axial flow pumps are suitable for low head applications. Submersible pumps are ideal for deep well irrigation.
- **Application:** In terms of application, the market can be segmented into agriculture, horticulture, landscaping, and others. Agriculture is the major application segment, driven by the need to optimize water usage. Horticulture and landscaping also contribute to the demand for irrigation pumps.
- **Power Source:** The market can be segmented into electric pumps, diesel-powered pumps, and solar-powered pumps. Electric pumps are commonly used for their consistent performance. Diesel-powered pumps are preferred in areas with limited electricity access, while solar-powered pumps are gaining popularity for their eco-friendly nature.
**Global Irrigation Pumps Market, By Product Type (Submersible Pump, Vortex Pump, Centrifugal Pump, Non-submersible Pump, and Others), End Use (Farmland, Gardens, and Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil,
Irrigation Pumps Key Benefits over Global Competitors:
- The report provides a qualitative and quantitative analysis of the Irrigation Pumps Market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
Table of Contents: Irrigation Pumps Market
1 Introduction
2 Global Irrigation Pumps Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Irrigation Pumps Market, by Product Type
7 Irrigation Pumps Market, by Modality
8 Irrigation Pumps Market, by Type
9 Irrigation Pumps Market, by Mode
10 Irrigation Pumps Market, by End User
12 Irrigation Pumps Market, by Geography
12 Irrigation Pumps Market, Company Landscape
13 Swot Analysis
14 Company Profiles
Critical Insights Related to the Keyword Included in the Report:
- Exclusive graphics and Illustrative Porter’s Five Forces analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth-driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
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