Agricultural Pumps Market Size is Expected to Reach USD 7.3 Billion by 2030

Global Agricultural Pumps Market is expected to exceed USD 7.3 billion by 2030, from USD 4.89 billion in 2020 at a CAGR of 8.66% in the coming years i.e. 2021-30 .

PHILADELPHIA, UNITED STATES, Feb. 9, 2022 /EINPresswire.com/ — Fatpos Global has released a report titled, “Agricultural Pumps Market – Market Size, Share & Trends Analysis 2019-2020 and Forecast till in 2030”, which is expected to reach USD 7.3 billion by 2030. According to a study by Fatpos Global, the market is expected to grow at a CAGR of 8.66% between 2020 and 2030. According to the report, the main driver of growth is the growing adoption of modern irrigation. techniques that have replaced traditional farming techniques due to increasing food demand and labor costs in developing countries. Government support for the adoption of the same is also expected to help the market grow significantly., increased pressure on food supplies worldwide due to the increase in population, significant savings on smart farming techniques and government initiatives to adopt advanced farming technologies. . The growing need for optimal agricultural production with scarce funds gives it enormous popularity among farmers.

“The growing population and rising incomes of farmers globally are expected to drive the growth of this market as farmers shift from traditional farming techniques to modern techniques such as the use of smart pumps. Smart pumps are controlled with special pump controllers which help in the optimal use of resources. Another factor is the growing demand for energy-efficient solar pumps that use photovoltaic cells for power generation. The low maintenance cost of solar pumps and smart, automatic shut-off features are the reasons for their growing demand. said a senior analyst at Fatpos Global.

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Global Agricultural Pumps Market: Key Players
•Franklin Electric
• Wilo SE
• Kirloskar Group
• Haicheng surpasuny pump
• Grundfos
• Falcon Pumps Pvt. ltd.
• Sulzer Ltd.
• KSB SE & Co.
• The Flowserve Company
• Cornell Pump Company
• Morse pump
• The Gorman-Rupp Company
• Other top players

Agricultural pumps are called mechanical systems which are used by creating suitable pressure heads for transporting material from one destination to another. They are used to meet the needs of farmers and maintain higher production. They are also widely used for irrigation of crops that require huge amounts of water. A pump is a device that moves water or fluids by mechanical operation. An agricultural pump is a pump designed for agricultural use; it transports water through pipes from sources such as boreholes, dams, rivers and storage facilities for various uses such as irrigation, drainage, flood control, circulation of water, sewage treatment and water supply. They are used to maintain greater agricultural productivity and meet the needs of farmers.

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In the new report, Fatpos Global strives to present an unbiased analysis of the Global Agricultural Pumps Market which covers historical demand data as well as forecast figures for the period, i.e., 2021-2030. The study includes compelling information about the growth seen in the market. The market is segmented on the basis of type into centrifugal pumps and positive displacement pumps. On the basis of energy source, it can be divided into Grid Connection, Diesel/Petrol and Solar. Geographically, the market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa.

Market regions
• North America: (United States and Canada)
• Latin America: (Brazil, Mexico, Argentina, rest of Latin America)
• Europe: (Germany, United Kingdom, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
• Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, rest of Asia-Pacific)
• Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)

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Agricultural Pumps Market Segmentation:
By product type
• Centrifugal pumps
• Deployment Pumps
By app
• Watering
• Agricultural vehicles
• Agricultural machinery
• Others
By power source
• Connection to the electrical network
• Diesel/Petrol
• Solar
• Dynamics of the agricultural pumps market

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Global Smart Agriculture Market
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