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Global Agricultural Pump Market By Type (Rotodynamic and Positive Displacement Pumps), By Power Source (Solar, Diesel/Petrol, Others.), By HP (0.5-3, 4-15, Others), By Form, By End-Users, By Region, Forecast & Opportunities to 2026

The global agricultural pump market accounted for a value of USD 3.7 billion in 2019 and is projected to register growth at a CAGR of 6.7% during forecast period.

COVID-19 has impacted the agricultural pump market. The production is on halt and there is a significant decline in demand of agricultural pump. The supply chain is also affected due motion restriction and lockdown policies. The raw material supply is facing difficulties. Thus, the agricultural pump market is expected to witness decline during forecast period.

Definition:

Agricultural pump can be defined as a machine which uses rotation in order to impart velocity to liquids and it converts that velocity into flow. These pumps are utilized to transport fluids by the converting rotational kinetic energy into hydrodynamic energy. The fluid enters the pump impeller near the rotating axis and it is accelerated by impeller and it flows outward in a radial motion into volute chamber and here it exits. Impeller is one of the primary parts of a pump and driven by electric pump. These pumps are used in water pumping into the fields for irrigation purposes.

Market Dynamics (Drivers/Opportunities):

The agriculture segment is adopting various modern techniques and equipments and government in various regions is taking initiatives and adopting various policies to support modernization in agriculture. This increases demand for agriculture pump as this is a modern equipment, drives growth in agricultural pump segment during forecast period.

Various developing countries are adopting new and modernized techniques to improve productivity in agriculture sector. In agriculture sector different pumps are used such as rotodynamic pumps and positive displacement pumps. The use of big data is increasing rapidly in this sector and the demand and adoption for such pumps are increasing immensely around the world. This drives growth in agricultural pump market during forecast period.

Market Insights, by Type

On the basis of type, the agricultural pump market is segmented into rotodynamic pumps and positive displacement pumps. The rotodynamic pump segment is estimated to hold highest market share during forecast period. The demand and adoption of modern techniques is increasing in agriculture segment. The rotoynamic pumps are highly preferred for irrigation purposes as it is more efficient. The high adoption of rotodynamic pumps in various countries across the world is likely to drive growth in this segment during forecast period.

Market Insights, by Power Source

On the basis of power source, the agricultural pump market is segmented into solar, diesel/petrol, electricity grid connection. The solar pumps segment is expected to register growth at highest CAGR during forecast period. Solar pumps runs on electricity generated by thermal energy which is collected by photovoltaic panels and sunlight. They have better productivity as they do not rely on electricity and fuel. They do not face issues such as supply cut, price hikes and feeder damage etc as well as they have no harmful effects on environment. Government also promotes solar pumps and this drive growth in solar pumps segment during forecast period.

Market Insights, by End-Users

On the basis of power source, the agricultural pump market is segmented into irrigation and livestock watering. The livestock watering segment is estimated to register growth at highest CAGR during forecast period. Utilization of pumps in agriculture sector requires low maintenance and it improves ability to deliver water. It uses solar power as well as electricity and fuel. It improves grazing strategies such as intensive rotational livestock etc. and it gives economically feasible methods to supply water to livestock. The demand for agricultural pumps is increasing in livestock watering and this drives growth in livestock watering during forecast period.

Regional Insights

Asia-Pacific region is estimated to hold largest market share during forecast period. The land under irrigation is increasing in this region. Subsidies have been provided for using electric and solar pumps in various countries such as India, China and others.  The demand and adoption of pumps is very in Asia-Pacific region as the population is very high in this region and the demand for food is increasing immensely and they need to improve yield within available land to fulfill demand for food. This drives growth in the Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in agricultural pumps market are Grundfos, Xylem, Lindsay Corporation, Valmont Industries, Jain Irrigation Systems, Shimge Pump Industry, Franklin Electric, Zhejiang Doyin Pump Industry, Mahindra EPC Ltd., Leo Group Pumps, CNP Pumps India, Flowserve, KSB, WILO, MONO and Texmo.

Segments Covered in the Report

This report forecasts The Global Agricultural Pumps Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global agricultural pumps market report on the basis of type, power source, form, HP and end-users.

Agricultural Pump Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Agricultural Pump Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Rotodynamic Pumps
  • Positive Displacement Pumps
  1. Agricultural Pump Market, By Power Source, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Solar
  • Diesel/Petrol
  • Electricity Grid Connection
  1. Agricultural Pump Market, By Form, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Dry
  • Liquid
  1. Agricultural Pump Market, By HP, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • 5-3
  • 4-15
  • 16-30
  • 31-40
  • Above 40
  1. Agricultural Pump Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Irrigation
  • Livestock Watering
  1. Agricultural Pump Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Power Source
    • By Form
    • By HP
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Power Source
      • By Form
      • By HP
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Power Source
        • By Form
        • By HP
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Power Source
          • By Form
          • By HP
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Power Source
            • By Form
            • By HP
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Texmo
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Grundfos
    • Xylem
    • Lindsay Corporation
    • Valmont Industries
    • Jain Irrigation Systems
    • Shimge Pump Industry
    • Franklin Electric
    • Zhejiang Doyin Pump Industry
    • Mahindra EPC Ltd.
    • Leo Group Pumps
    • CNP Pumps India
    • Flowserve
    • KSB,
    • WILO
    • MONO
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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