The North American agricultural pump market was valued at USD 2.03 billion in 2024 and is anticipated to reach USD 2.18 billion in 2025 from USD 3.83 billion by 2033, growing at a CAGR of 7.31% during the forecast period from 2025 to 2033.
Development in agriculture by introducing new techniques and the presence of well-established companies across the region are some of the driving factors that propel the growth of the Agricultural Pump market in the North American region. Another major driving factor is the rise in the adoption of solar pumps for irrigation purposes. The surge in demand for increased production is likely to boost the demand for Agricultural Pumps in this locale.
Factors such as a lack of technical knowledge and skills hinder the development of the business for Agricultural Pumps in this area.
Most countries have been affected very badly due to the coronavirus pandemic. The virus has impacted the global industries by directly affecting production and demand, creating supply chain and market disruption, and by a financial impact on firms.
The ongoing situation has become a major threat to the Agricultural Pump market, especially in North America, with a greater number of cases being recorded in the United States. Most of the companies have already started their manufacturing units since the lockdown has lifted, with some strict regulations by the government authorities to restart their operations.
As per the analysis, the market for Agricultural Pumps is expected to have an impeccable growth rate in the North American region in the next few years owing to the initiatives taken by the government towards adopting modern technologies and the rising need for increased food production to satisfy the requirements of the burgeoning population in this continent.
REPORT METRIC |
DETAILS |
Market Size Available |
2024 to 2033 |
Base Year |
2024 |
Forecast Period |
2025 to 2033 |
CAGR |
7.31% |
Segments Covered |
By Type, Material Type, Power House, Horse Power, Head Size, End-Use, And By Country |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
United States, Canada, Mexico, and Country |
Market Leaders Profiled |
CRI Groups, KSB SE & Co., Xylem Inc., Ebara Pumps, Valmont Industries Inc., Zhejiang Doyin Pump Industry Co. Ltd, Mahindra Epc ltd., Grundfos As, Lindsay Corporation, Kirloskar Brothers Limited, Shimge Pump Industry Pvt. Ltd., Franklin Electric Company, Leo Group Pumps (Zhejiang) Co., Ltd., CNP Pumps India Pvt. Ltd. |
Among these, the solar segment holds the major share of the market due to the fact that solar pumps are being offered at subsidized rates to the farmers by government bodies across China and India.
Among these, the centrifugal pumps segment holds the major share of the market, attributed to its wide application in pumping fluids, cooling, and aeration.
The North America region holds the major share of the market value of Agricultural Pumps among the other regions due to the presence of several market giants across the region that are investing a huge amount to introduce new techniques in the farming sector. The United States and Canada are the major contributors to this market in the North American area.
Some of the key players of the North America Agricultural Pump Market are CRI Groups, KSB SE & Co., Xylem Inc., Ebara Pumps, Valmont Industries Inc., Zhejiang Doyin Pump Industry Co., Ltd, MahindraEPC Ltd., Grundfos A/S, Lindsay Corporation, Kirloskar Brothers Limited, Shimge Pump Industry Pvt. Ltd., Franklin Electric Company, Leo Group Pumps (Zhejiang) Co., Ltd., CNP Pumps India Pvt. Ltd.
This research report on the North American agricultural pump market is segmented and sub-segmented into the following categories.
By Power Source
By Type
By Material Type
By Horsepower
By Head Size
By End Use
By Country
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