Global Agricultural Pumps Market 2017-2021

This industry research report identifies Flowserve, Grundfos, KSB, Sulzer, and Wilo as the key vendors in the global agricultural pumps market. This industry research report also presents a comprehensive analysis of the market by product (centrifugal pumps and displacement pumps) and by geography (the Americas, APAC, and EMEA).

Overview of the global agricultural pumps market

With the increasing population across the world, there is a rising concern about the growing demand for food. It has been predicted that the global population will reach almost 10 billion by 2050. This growing population will drive the need for replacing traditional farming techniques with smart farming. According to Technavio’s market research report, the increasing adoption of smart pumps will be one of the primary factors that will fuel the growth of the agricultural pumps market in the coming years. Smart pumps are controlled with the help of pump controllers and their adoption helps in the optimum utilization of resources. Moreover, the adoption of these pumps can also help in overcoming challenges such as the fluctuating power supply and difficulty in accessing pumps installed at rough terrains.  These benefits will drive the preference for smart pumps, which will subsequently fuel the growth of the agricultural pumps market. Our market research analysts predict that this market will grow steadily at a CAGR of almost 5% by 2021.

The increasing adoption of solar pumps is one of the key trends that will gain traction in the agricultural pumps market during the next few years. Solar pumps utilize photovoltaic cells to generate electricity and finds applications in the agricultural sector for irrigation purposes. Most of the solar pumps are equipped with automatic start and stop function, which protects them from running dry. Additionally, solar pumps also have low maintenance cost. With several countries across the globe facing challenges related to inadequate power supply, such benefits will drive the preference for solar pumps among farmers, augmenting the growth prospects of this agricultural irrigation pumps market.

Competitive landscape and key vendors

The agricultural pumps market is highly competitive and has the presence of large international vendors. Moreover, with the entry of new vendors, the competitive environment among the players in this agricultural irrigation pumps market will intensify in the coming years. To improve their market positions in this intensely competitive environment, the vendors are focusing on providing product customization options to cater to the requirements of their customers.

The leading vendors in the market are-

• Flowserve
• Grundfos
• KSB
• Sulzer
• Wilo

The other prominent vendors in the market are CORNELL PUMP COMPANY, Zhejiang DOYIN PUMP INDUSTRY, EBARA PUMP, Franklin Electric, Junhe Pumps, Kaiquan Pump, HAICHENG SUPRASUNY PUMP, Xylem, Atlas Copco, General Electric, Halliburton Company, ITT Goulds Pumps, Toyo Denki Industrial, Walrus Pump, Tsurumi Manufacturing, and The Gorman-Rupp Company.

Segmentation by product type and analysis of the agricultural pumps market

• Centrifugal pumps
• Displacement pumps

During 2016, the centrifugal pumps segment accounted for the major share of the agricultural pumps market. Centrifugal pumps find applications in pumping fluids, cooling, and aeration. Owing to the huge investment plans by major countries in APAC and the Middle East, there will be huge demand for centrifugal pumps in the coming years as well.

Segmentation by geography and analysis of the agricultural pumps market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the agricultural pumps market throughout the forecast period. The positive government initiatives and huge investments in the agricultural sector, especially in countries such as China and India will drive the growth of this agricultural irrigation pumps market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global agricultural pumps market?
• What are the key market trends impacting the growth of the global agricultural pumps market?
• What are the challenges to global agricultural pumps market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global agricultural pumps market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global agricultural pumps market? 

Technavio also offers customization on reports based on specific client requirement.