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Agricultural Pumps Market Revenue Outlook: What CAGR Lies Ahead Through 2030?
The agricultural pumps market size has experienced significant expansion in recent years. It is projected to increase from $5.56 billion in 2025 to $5.94 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 6.9%. This historical growth can be ascribed to several factors, including the enlargement of irrigated agricultural areas, increasing reliance on groundwater extraction, the availability of grid-connected rural electricity, the rising adoption of mechanized irrigation techniques, and the proliferation of commercial farming activities.
The agricultural pumps market size is poised for significant expansion in the coming years, with projections indicating it will reach $8.05 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.9%. This expansion during the forecast period can be attributed to intensifying water scarcity issues, the increasing embrace of solar irrigation solutions, a heightened need for energy-efficient pumping technology, the spread of precision irrigation methods, and bolstered governmental backing for sustainable irrigation infrastructure. Key developments anticipated in this period include a greater uptake of solar-powered pumping systems, a surge in demand for high-efficiency irrigation pumps, the expanding incorporation of smart pump controllers, the proliferation of designs for pumps requiring minimal maintenance, and an increased utilization of robust pump materials.
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Agricultural Pumps Market Opportunity Drivers: What’s Unlocking New Revenue Potential?
The expanding agriculture sector is projected to boost the growth of the agricultural pump market in the future. This sector of the economy is responsible for producing crops and livestock, in addition to providing agricultural engineering, equipment, fertilizers, and other farming-related products. An agricultural pump ensures the appropriate amount of water reaches every part of the field, thereby accelerating cultivation. For example, in December 2024, the Food and Agriculture Organization of the United Nations (FAO), an Italy-based intergovernmental organization, stated that global production of primary crops reached 9.9 billion tonnes in 2023, an increase of about 3 % from 2022, when it was 9.6 billion tonnes. Therefore, the rapidly expanding agriculture sector is fostering the development of the agricultural pump market.
Agricultural Pumps Market Segment Performance And Emerging Opportunities
The agricultural pumps market covered in this report is segmented –
1) By Type: Rotodynamic Pumps, Positive Displacement Pumps
2) By Power Source: Electricity-Grid Connection, Diesel Or Petrol, Solar
3) By HP: 0.5-3, 4-15, 16-30, 31-40, >40
4) By End-Use: Irrigation, Livestock Watering
Subsegments:
1) By Rotodynamic Pumps: Centrifugal Pumps, Axial Flow Pumps, Mixed Flow Pumps
2) By Positive Displacement Pumps: Gear Pumps, Diaphragm Pumps, Piston Pumps, Screw Pumps, Peristaltic Pumps
Agricultural Pumps Market Trends Redefining Industry Growth
Leading companies in the agricultural pump market are developing innovative products, such as borewell pumps, to enhance water supply solutions. A borewell pump is a device utilized to draw water from deep underground borewells or wells for purposes including irrigation, domestic water supply, or industrial applications. For instance, in August 2023, KSB Limited, an Indian-based pumps and valves company, introduced a new range of energy-efficient pumps. The KSTP Sewage Pumps are engineered for dewatering applications and come in a 1 PH configuration. The KGP Control Panel is compatible with 100-mm borewell pump sets, supporting both oil- and water-filled applications, with a maximum capacity of 2 HP. The UMN Series Oil Filled Pumpsets are rated for up to 3 HP, making them suitable for low voltage applications, while the UPFN Borewell Pumpsets are designed for high head applications, with capacities reaching up to 30 HP. Furthermore, the Ultra Plus Series Monoblock Pumpsets offer three-phase options with capacities up to 20 HP for diverse water handling tasks. Lastly, the KMR Series (Krishi Series) includes open well pumps specifically tailored for irrigation purposes.
Agricultural Pumps Market Key Players: Which Companies Lead Industry Competition?
Major companies operating in the agricultural pumps market are Grundfos Holding A/S, Xylem Inc., KSB SE & Co KGaA, Flowserve Corporation, Jain Irrigation Systems Ltd., Franklin Electric Co Inc., Sulzer Ltd., WILO SE, Zhejiang Doyin Pump Industry Group Co. Ltd., Cornell Pump Company, CNP (India) Private Limited, Kirloskar Brothers Limited, CRI Pumps Private Limited, Zhejiang Leo Group Pumps Co. Ltd., Mono Pumps Limited, Texmo Pumps and Systems Limited, National Pump Company (P) Ltd., Shakti Pumps (India) Limited, Pentair plc, Falcon Pumps Private Limited, Walrus Pumps Co Ltd., Zhejiang Haicheng Suprasuny Pump Co. Ltd., Navitas Solar Pumps Private Limited, Cat Pumps (US) Inc., VestJet AS, Tsurumi Manufacturing Co. Ltd.
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Agricultural Pumps Market Regional Breakdown: Where Is Demand Concentrated?
Asia-Pacific was the largest region in the agriculture pumps market in 2025. The regions covered in the agricultural pumps market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
