What is Irrigation Pump Market?
Irrigation pumps are those type of pump which is mainly used to move water from the water supply to the specified area of dry land. Various benefits of using irrigation pumps such as water conservation, several pumps in one, irrigation system flexibility and others. Government Initiatives on funding & assisting farmers regarding irrigation product and increasing usage of irrigation pumps in various end-user types such as farmland, garden, and others is likely to be a major driver for the global irrigation pumps market over the forecast period.
The market study is being classified, by Application (Submersible, Sewage, Metering, Maritime and Others) and major geographies with country level break-up.
Grundfos (Denmark), Pentair plc (Ireland), Franklin Electric (United States), Pentair plc (United States), Zoomlion Heavy Machinery (China), Euromacchine (Italy), Ace Pump Corporation (United States), Gardena Gmbh (Germany), ITC (India) and Pacer Pumps (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Star Water Systems Inc. (United States).
The global irrigation pumps market is fragmented with too many small players such as Grundfos (Denmark), Pentair plc (Ireland), and Franklin Electric (United States) across various regions. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Irrigation Pump market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Irrigation Pump market by Type, Application and Region.
On the basis of geography, the market of Irrigation Pump has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Various Government Programs and Subsidies Driving Acceptance of Drip Irrigation Systems across the World
- Rising Awareness Regarding the Benefit of Irrigation Pump Such as Efficiency in the Use of Water in Drought-Prone Areas
Market Trend
- One of the latest of this market is Collaboration and Tie Up Of various Leading Players such as Grundfos (Denmark), among others
Restraints
- Issue Related to High Initial Cost of Irrigation Pumps and High Cost of System Maintenance of Irrigation Pump Products
Opportunities
- Various Advancements in Technological Capabilities of Irrigation Pumps Products
- Rising Adoption of Precision Agriculture and Sustainable Practices
- Growing Demand from Emerging Market Such China and India
Challenges
- The problem regarding the Environmental Degradation of Equipment, Resulting in Additional Costs for Clean-Up as well as Disposal
- Difficult regarding Lack of Safety and Standardization in Agricultural Farms Industry
In August 2018, according to the government of India, increasing usage of solar irrigation pumps help the country achieve more than 38% of its envisaged 175 Gw renewable energy target by 2022. Hence, increasing usage of solar pumps will affect the growth of the market in the future.
Key Target Audience
Manufacturers of Irrigation Pumps, Suppliers of Irrigation Pumps, Wholesalers, distributors and retailers of Irrigation Pumps, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others