Agriculture Pumps Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Agriculture Pumps Market is projected to expand from a valuation of USD 5.61 Billion in 2025 to USD 8.79 Billion by 2031, reflecting a CAGR of 7.77%. These mechanical devices are essential for extracting and distributing water from sources like reservoirs and borewells to support arable land irrigation and livestock needs. The market’s growth is anchored by the escalating global need for food security and the intensification of farming methods to combat unpredictable rainfall. This reliance on artificial irrigation is underscored by environmental realities; according to the Association of Equipment Manufacturers, drought conditions affected 82 percent of surveyed farmers in 2024, highlighting the critical necessity for efficient water transport infrastructure to maintain crop yields.

However, the market faces significant hurdles due to the volatility of raw material costs, which squeeze manufacturing margins and increase capital expenditures for end-users. The industry is particularly sensitive to price shifts in essential metals required for casting and motor production. To illustrate this challenge, the Indian Pump Manufacturers Association noted that copper prices surged by nearly 50 percent between June and December 2025, a financial spike that forced price increases and limited adoption rates among cost-conscious smallholder farmers.

Market Drivers

The surging adoption of Solar-Powered Agricultural Pumps serves as a primary driver for market growth, fundamentally shifting the energy landscape of irrigation. Farmers are actively replacing diesel-dependent systems with solar alternatives to cut operational costs and bypass unreliable grid connectivity, a transition heavily supported by government initiatives aimed at decarbonizing the sector through off-grid infrastructure subsidies. The scale of this shift is evident in major agrarian economies; the Ministry of New and Renewable Energy’s 'Annual Report 2024-25', released in April 2025, indicated that a cumulative total of 6.16 lakh standalone solar agriculture pumps were installed under Component B of the PM-KUSUM scheme by December 2024, driving substantial volume growth for manufacturers.

Simultaneously, the urgent need for efficient water management amid growing scarcity is pushing the industry to innovate beyond basic extraction methods. With receding groundwater levels and increasing aquifer stress, there is a critical demand for engineered solutions that minimize waste and optimize water delivery for food production. This shift toward sustainability is yielding measurable results; Grundfos reported in its 'Sustainability Report 2024' (February 2025) that its solutions saved 1.5 billion cubic meters of water. Consequently, manufacturers focusing on these high-performance systems are seeing strong financial returns, as seen with KSB Limited, which reported sales revenue of INR 2,533 crores in March 2025 - a 12.7 percent increase driven largely by demand in their solar and agricultural segments.

Market Challenges

The unpredictability of raw material costs acts as a significant barrier to the expansion of the Global Agriculture Pumps Market. Manufacturers depend heavily on metals like steel, aluminum, and copper to produce key components such as impellers, casings, and motors. When input prices fluctuate erratically, producers face immediate pressure on operating margins and are often forced to pass these increased costs to end-users to maintain viability. This leads to a sharp rise in retail prices for irrigation machinery, directly impacting the purchasing power of cost-sensitive farmers who already operate on narrow profit margins.

As a result, the market suffers from a contraction in demand as agricultural businesses delay capital investments or forgo replacing aging infrastructure. This downturn is reflected in recent industry metrics showing a slowdown in equipment adoption. According to the Association of Equipment Manufacturers, total sales of agricultural machinery dropped by nearly 20 percent in late 2025 compared to the same period the previous year. This substantial decline demonstrates how raw material price instability stifles farm-level investment, effectively stalling the broader growth trajectory of the pump industry.

Market Trends

The integration of Pumping Systems with Precision Farming Networks is rapidly becoming a transformative trend, linking hydraulic infrastructure with digital agronomy platforms. This shift goes beyond basic water extraction, embedding pumps into connected systems that use satellite imagery and soil moisture sensors to enable variable rate irrigation (VRI). By aligning pump operations with real-time field data, farmers can customize water application to specific crop zones, maximizing yield efficiency. The economic momentum of this high-tech integration is visible in the performance of key players; Valmont Industries reported in February 2025 that sales in its agriculture segment grew 2.3 percent to USD 278.0 million, driven by robust international demand for advanced, technology-enabled infrastructure.

At the same time, the adoption of Energy-Efficient Variable Frequency Drives (VFDs) is becoming a standard requirement to counter rising electricity costs and mechanical wear. Unlike traditional fixed-speed motors that run at full capacity, VFDs dynamically adjust motor speed to match the immediate flow and pressure needs of the irrigation system. This capability significantly lowers energy consumption and extends equipment life by reducing hydraulic stress during startup and shutdown. The growing market reliance on such components is reflected in distribution data; Franklin Electric’s 'Fourth Quarter 2024 and Full Year Results' (February 2025) showed that net sales in its Distribution segment rose by 6 percent to USD 157.2 million, highlighting the expanding commercial flow of essential groundwater and pumping technologies.

Key Players Profiled in the Agriculture Pumps Market

• Grundfos AS
• Lindsay Corporation
• Valmont Industries, Inc.
• Kirloskar Brothers Limited
• Shimge Pump Industry Group Co., Ltd.
• Franklin Electric Co.
• Halliburton Company
• Zhejiang Doyin Pump Industry
• CRI Groups
• Xylem Inc.

Report Scope

In this report, the Global Agriculture Pumps Market has been segmented into the following categories:

Agriculture Pumps Market, by Type:

• Rotodynamic Pumps
• Centrifugal
• Mixed Flow
• Axial Flow
• Positive Displacement
• Reciprocating
• Rotary

Agriculture Pumps Market, by Material Type:

• Iron
• Bronze
• Aluminium
• Stainless Steel
• Other

Agriculture Pumps Market, by Power Source:

• Electricity Grid-Connection
• Diesel/Petrol
• Solar

Agriculture Pumps Market, by Horsepower:

• 0.5 to 3
• 4 to 15
• 16 to 30
• 31 to 40
• >40 HP

Agriculture Pumps Market, by Head Size:

• Up to 1 meter
• 1-3-meter
• 3-6 meter
• 6-10 meter
• 10-15 meter
• Above 15 meter

Agriculture Pumps Market, by End User:

• Irrigation
• Livestock Watering

Agriculture Pumps Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Agriculture Pumps Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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