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The global Agriculture Pump Set market size was valued at US$ 4.82 billion in 2024 and is projected to reach US$ 6.73 billion by 2030, at a CAGR of 5.7% during the forecast period 2024-2030.
The United States Agriculture Pump Set market size was valued at US$ 687.4 million in 2024 and is projected to reach US$ 912.8 million by 2030, at a CAGR of 4.8% during the forecast period 2024-2030.
Agriculture Pump Sets are specialized pumping systems designed for irrigation and water management in agricultural applications, including centrifugal, submersible, and turbine pumps tailored for farm use.
The global Agriculture Pump Set market is experiencing steady growth, driven by increasing mechanization in agriculture and the need for efficient water management. In 2023, global sales reached approximately 5.2 million units, with Asia-Pacific accounting for 65% of demand. Surface pumps remain the largest segment, representing 55% of sales, followed by submersible pumps at 35%. The market benefited significantly from government subsidies for agricultural modernization in developing countries, leading to a 12% increase in pump set adoption in small and medium farms in 2023. Technological advancements have focused on improving energy efficiency and durability, with new variable frequency drive (VFD) equipped pumps offering up to 30% energy savings compared to traditional models. The market is seeing strong growth in solar-powered pump sets, increasing at 18% annually, driven by off-grid farming needs and sustainability initiatives. In 2023, severe droughts in major agricultural regions led to a 25% spike in demand for high-capacity irrigation pumps. The industry faces challenges from groundwater depletion and changing precipitation patterns, but innovations in precision irrigation and smart pumping systems are addressing these issues. Emerging applications in aquaponics and vertical farming are showing promise, with specialized pump sets for controlled environment agriculture growing at 22% CAGR, albeit from a small base of 2% market share. Looking ahead, the market is expected to benefit from the integration of IoT and AI in agriculture, with smart, connected pump systems for precision farming projected to grow at 15% CAGR through 2030.
Report Overview Agricultural pump set are extensively utilized in the agriculture sector to transport or draw water through pipes from various sources such as rivers, bore wells, and dams, water tanks, and storage facilities. This report provides a deep insight into the global Agriculture Pump Set market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Agriculture Pump Set Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market. In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Agriculture Pump Set market in any manner. Global Agriculture Pump Set Market: Market Segmentation Analysis The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments. Key Company The Kirloskar Group Grundfos Falcon Pumps Wilo Sulzer KSB The Flowserve Corporation CORNELL PUMP COMPANY WALRUS PUMP The Gorman-Rupp Company HAICHENG SUPRASUNY PUMP Franklin Electric Market Segmentation (by Type) Centrifugal Pumps Displacement Pumps Market Segmentation (by Application) Garden Farm Others Geographic Segmentation