Global Agricultural Pumps Market 2024-2030

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    AGRICULTURAL PUMPS MARKET

     

     

    INTRODUCTION

     

    Pumping systems are critical in delivering energy to fluids in residential, commercial, and agricultural applications. Furthermore, they are widely used in municipal water and wastewater services, as well as industrial services for the food, chemical, petrochemical, pharmaceutical, and mechanical sectors. Groundwater  has  been  a  source  of  irrigation  water  since  ancient  times.  Even  after  the introduction  of  canal  irrigation

     

    infographic: Agricultural Pumps Market, Agricultural Pumps Market Size, Agricultural Pumps Market Trends, Agricultural Pumps Market Forecast, Agricultural Pumps Market Risks, Agricultural Pumps Market Report, Agricultural Pumps Market Share

     

     

    Agriculture water pumps are the most efficient irrigation machines. They are essential in agriculture because they transport water from the source to the agricultural land. Pumps can be used for a variety of irrigation methods, including drip, sprinkler, and hosepipe irrigation. There are several varieties of fuel-powered water pump devices on the market. Diesel, gasoline, kerosene, and electrically powered water pump devices are just a few examples.

     

    They are chosen depending on the available budget, land size, water source, and power sources. Domestic usage, farm irrigation, agricultural use, submerged pump in fountains, wells, sumps, and other applications are all covered by these water pumps.

     

    There are primarily two types of irrigation systems used to provide water to crops. There are two types of irrigation systems: gravity flow irrigation and pressured irrigation. Water is delivered to crops by gravitational forces in a gravity flow irrigation system, and no pumping is required.

     

    Water is transported by some external pressure in pressurized irrigation systems, and pumps are an essential component of this system. Its usual applications include tube well irrigation, lift irrigation systems, sprinkler irrigation systems, and drip irrigation systems.

     

     

    AGRICULTURAL PUMPS MARKET DEVELOPMENTS AND INNOVATIONS

     

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Farmers respond positively to agricultural pump power policy The new agriculture pump policy, announced on December 18, 2020, is getting a good response across the state. A huge number of farmers have availed this scheme. There are 44.44 lakh agricultural pump consumers in the state having arrears of Rs 45,785 crore. The new scheme will provide a total relief of Rs 30,000 crore. India Better Accessibility and Innovation

     

     

    AGRICULTURAL PUMPS MARKET DYNAMICS

     

    Irrigation is one of the techniques that can boost yields, minimize sensitivity to shifting rainfall patterns, and allow for a variety of farming practises. Despite its expansion, land under irrigation still accounts for a small proportion of total cultivated area, particularly in Sub-Saharan Africa, where just 5% of farmland is irrigated. Energy that is affordable, dependable, and ecologically friendly is a critical input for providing irrigation services.

     

    Because of a lack of electricity and the usage of diesel-controlled generators, the growing popularity and widespread acceptance of sunlight-based pumps for water system applications in developed and developing countries is a key factor that is expected to boost the global agricultural pump set market.

     

    Additionally, sunlight-powered pumps may generate electricity by utilizing photovoltaic cells, which can also be used in agriculture. One of the elements boosting interest in agricultural pumps established across the world is the growing global population and significant dependency on farming creation.

     

    Infographic: Global Agricultural Pumps Market, Global Agricultural Pumps Market Size, Global Agricultural Pumps Market Trends,  Global Agricultural Pumps Market Forecast,  Global Agricultural Pumps Market Risks, Global Agricultural Pumps Market Report, Global Agricultural Pumps Market Share

     

     

    The increased usage of solar pumps for irrigation in developed and emerging nations, owing to insufficient energy supply and the use of diesel-powered generators, is a significant driver predicted to fuel the worldwide agricultural pump set market.

     

    Furthermore, solar pumps may create power using photovoltaic cells, which can then be used in the agricultural sector. Asia Pacific (APAC) is projected to present major possibilities to the agricultural Pump in the near future, owing to the region’s strong economies of India, China, and Japan.

     

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN GLOBAL AGRICULTURAL PUMPS MARKET

     

    Agricultural technology is rapidly evolving. Farm machinery, farm structures, and production facilities are continuously being upgraded. There are various agricultural applications that are appropriate for photovoltaic (PV) systems.

     

    These applications include a combination of individual installations and systems built by utility companies where it has been determined that a PV solution is the optimum option for a remote agricultural demand, such as water pumping for crops or cattle.

     

    solar pumping  technology  has  been  deployed  for  decades, recent cost reductions and increasing awareness of the potential benefits of this technology, has compelled a growing number of countries to launch programmes to accelerate its deployment. During the day, the electric current created by the PV panels charges the batteries, and the batteries, in turn, give power to the pump whenever water is required.

     

    The usage of batteries stretches out the pumping over a longer length of time by supplying a constant operating voltage to the pump’s DC motor. As a result, even throughout the night and low light hours, the system can provide a consistent source of water for cattle.

     

    There has been improvised usage of wireless technologies to have better reliability. The use of automation to control an electrical motor or pump in the agricultural sector is the major focus. Agriculture is a field job by definition, therefore the gadgets utilized are sparsely scattered. Farmers find it challenging to handle and operate these gadgets in real time as a result.

     

    The introduction of numerous wireless communication systems with lower running costs as well as interactive protocols. The adoption of the GSM communication technology expands the system’s working range.

     

    The proposed model enables to control the field devices over a wireless link which is GSM based and can read signals from sensors connected in the field and can send the sensed electrical parameters of the motor or pump to an Android device.

     

     

    AGRICULTURAL PUMPS MARKET RECENT ACQUISITION 

     

    Holland Pump Company, a leading independent specialty pump rental and dewatering solutions provider, announced today that it has purchased Baton Rouge, Louisiana-based Alpha Pump & Equipment, Inc.  Holland Pump gained expanded product and technical skills to service industrial sites, as well as a larger footprint in the Gulf Coast region, as a result of the acquisition. 

     

    Superior customer service and engineering capabilities that help customers to complete dewatering and pumping projects more quickly have long been at the heart of the Holland Pump offer to its construction, municipal, and agriculture clients. 

     

    Holland Pump’s engineering and service skills, particularly in the petrochemical, environmental, mining, and marine sectors, will be enhanced by the highly complementary addition of Alpha Pump and its experience in the industrial pumping market. Across the Gulf Coast, Alpha Pump is a leading specialist pump and accessory provider for industrial solutions. 

     

    With over 16 years of experience, the company has earned a reputation for providing excellent customer service and industrial pumping competence, particularly in highly specialised applications such as pumping hydrochloric acid, phosphoric acid, sulphuric acid, sodium hydroxide, or benzyne. Customers may count on Alpha Pump for sales, service, rentals, and engineering support 24 hours a day, seven days a week. 

     

     

    AGRICULTURAL PUMPS MARKET COMPETITIVE LANDSCAPE

     

    Industry invests much in research and development in the larger field of seed treatments, and most of this technology is private. Many biological seed treatments are being researched and commercialized for use as pesticides and bio stimulants.

     

    However, it is beyond the scope of this book to critically evaluate the qualities and efficacy of these biologicals, despite the fact that they are commercially employed.

     

    Xylem has been involved in development of the latest class of flow pumps for agricultural purposes. The Horizontal Axial Flow Pumps are part of the most recent development which are focused on provisioning flow rates as high as 500,000 Gallon per minute.

     

    The major advantage of this type of pump is that the rotating element sits “high and dry” away from the corrosive effects of the pumped water when pump is not in use. Thus the horizontal design offers longer lifetime compared to vertically installed pumps.

     

    Split casing allows shipping the pump in lower weight pieces reducing the need for a bigger crane, therefore lowering the cost of construction and transportation. It also plays a multi-dimensional role of Flood Control element.

     

    Grundfos Systems is involved in developing the recent innovation in the Submersible class of irrigation pumps. The Grundfos SP are submersible borehole pumps, designed for pumping groundwater. Grundfos SP are all stainless-steel pumps, and they are available in 3 material grades.

     

    The pumps are suitable for boreholes in sizes ranging from 4″ over 6″ and 8″ to 10″. It delivers optimum efficiency during periods of high demand, ensuring low long-term costs and high operating reliability.

     

    The pumps are suitable for a variety of applications, including groundwater supply to waterworks, irrigation, groundwater lowering, pressure boosting, and industrial applications.

     

     

    AGRICULTURAL PUMPS MARKET GEOGRAPHY OVERVIEW

     

    North America 

    The North American market, particularly the USA, will be one of the prime markets for  Agricultural Pumps Market    due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements. The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period. Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive. 

     

    Europe 

    The European market, particularly Western Europe, is another prime market for  Agricultural Pumps Market    due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive. In Western Europe, the margins for  Agricultural Pumps Market    are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period. 

      

    Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe. 

      

    There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of  Agricultural Pumps Market    in the region. 

     

    Asia 

    Asia will continue to be the global manufacturing hub for Agricultural Pumps Market     over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region. There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries.    

     

    There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon. 

     

    Africa 

    Africa is expected to see the largest growth in Agricultural Pumps Market     over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand. This development is supported by both established companies and startups in the region, with assistance from various charitable organizations. Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape. 

     

    RoW 

    Latin America and the Oceania region will showcase growth over the forecast period in Agricultural Pumps Market    . In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which is supported by foreign investments in the region. This will be across industries mainly automotive and medical devices. There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region. 

     

     

    AGRICULTURAL PUMPS MARKET MARGIN COMPARISON

     

    Margin Comparison (Highest to lowest)  Region  Remarks 
    Europe  The supply chain demands and the purchasing power in the region enable suppliers to extradite a larger margin from this region than other regions. This is for both locally manufactured as well as imported goods and services in the region. 
    North America  Due to the high spending power in this region, the margins are higher compared to the rest of the world, but they are lower than Europe as there is higher competition in this region. All the suppliers of goods and services target USA as a main market thereby decreasing their margins compared to Europe 
    Asia  Lower purchasing power, coupled with higher accessibility of services in this regions doesn’t enable suppliers to charge a high margin making it lower than Europe and North America. The quality of goods and services are also affected due to this aspect in the region 
    Africa and ROW  The margins are the lowest in this region, except for Australia and New Zealand as the countries in this region don’t have much spending power and a large portion of the products and services from this area is exported to other parts of the world 

     

     

    INNOVATION INVESTMENTS BY REGION

     

    USA – $210 billion is allocated to federal R&D with main focus on health research, clean energy, semiconductor manufacturing, sustainable textiles, clean energy, and advanced manufacturing. Investments by private players are mainly focused on technological development including 5G infrastructure and AI in the region. 

     

    Europe – EIC is investing €1 billion to innovative companies in sectors like AI, biotechnology, and semiconductors. There is also a focus on developing the ecosystem in the continent as well as improving the infrastructure for developing industries such as electric vehicles and sustainable materials. Private players are targeting data centers, AI, battery plants, and high end technological R&D investments. 

     

    Asia – There are investments to tackle a range of scientific and technological advancements in this region mainly coming in from China, India, South Korea, and Japan. This will include artificial intelligence, 5G, cloud computing, pharmaceutical, local manufacturing, and financial technologies. Many countries are aiming to be digital hubs including Saudi Arabia. 

     

    Africa – Investments in the region are focused on improving the technological capabilities in the region along with socio-economic development and growth. Private participants of investments in this region is venture capital dominated who are targeting the various growth elements of the region as social stability improves. The major industries are fintech, easier lending, and manufacturing. 

     

    Latin America – The focus in the region is for fintech, e-commerce, and mobility sectors. There are also investments in improving manufacturing in the region. Local investments is focused on improving the healthcare, and transportation infrastructure in the region. The region is attracting foreign investments to improve their ability to utilize the natural resources present in the region. 

     

    Rest of the World – The investments in this region are focused on clean energy, green metals, and sustainable materials. Funds in Australia are focused on solar energy and battery technologies, along with high end futuristic areas such as quantum computing. The main countries of private investment in ROW will be Australia, Canada, and New Zealand. 

     

     

    AGRICULTURAL PUMPS MARKET COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2024
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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