Future Agriculture & Irrigation Pumps Market: Key Dynamics, Size & Share Analysis

The Global Agriculture & Irrigation Pumps Market size was valued at around USD 3.83 billion in 2024 and is projected to reach USD 4.86 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.94% during the forecast period, i.e., 2025-30. Enhanced irrigation practices globally aimed at achieving food security, in turn, derive demand for agriculture & irrigation pumps. Leading countries in agriculture such as the U.S., Brazil, France, India, China, Turkey, Japan, etc. are continuously working on modernizing their agricultural farm practices, and yield production.

Top Challenges Impacting the Agriculture & Irrigation Pumps Market Growth

Heavily Fluctuating Raw Material Prices of Agriculture Pumps – The prices of key raw materials of agriculture & irrigation pumps such as cast iron, steel, bronze, etc., have been fluctuating from 2021 to 2024. Further, the global steel prices were as high as USD 2,200 per ton in 2022, which was reduced to USD  765 in 2024 per ton & expected to reach USD 730 per million tons by 2025. Global prices for iron ore were around USD 100 per ton in 2023 and reduced to USD 90 per ton, which is further expected to reduce to USD 70 per ton by 2026. Thus, the fluctuation in prices of steel and iron ore makes it difficult for the manufacturers to reduce their input costs.

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Understanding the Core Segments in the Agriculture & Irrigation Pumps Market

Agriculture & Irrigation Pumps Market Size, Share & Industry Trends Analysis- By Type (Centrifugal Pumps [Overhung Pumps, Split Case PumpsVertical Pumps, Submersible Pumps], Positive Displacement Pumps [Diaphragm Pumps, Piston Pumps, Progressive Cavity Pumps, Peristaltic Pumps]), By Power Source (Electricity, Diesel), Renewables), By Horse Power (0.5 to 5 HP, 6 to 20 HP, 21 to 100 HP, 101 to 200 HP, Above 200 HP) and others

Geographical Analysis of the Agriculture & Irrigation Pumps Market

• North America
• South America
• Europe
• The Middle East and Africa
• Asia-Pacific

North America has the highest share over all the major regions contributing to the Global Agriculture & Irrigation Pump Market, and accounts for almost 36% market share.

Who Dominates the Agriculture & Irrigation Pumps Market Insights on Key Industry Players?

Companies are strengthening their presence in the Agriculture & Irrigation Pumps market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

• Grundfos Group
• Xylem Inc.
• KSB SE & Co. KGaA
• Franklin Electric
• Flowserve Co.
• Armstrong Fluid Technology
• ITT Inc.
• SPX FLOW, Inc.
• Sulzer Ltd.
• Ebara Corporation
• PSG Dover
• WILO SE
• Kirloskar Brothers Limited (KBL)
• Weir Group PLC  
• Torishima  Pump Mfg. Co. Ltd.
• Pentair Plc.
• Patterson Pump Company
• Others

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