North America Agricultural Pump Market

North America Agricultural Pump Market Size, Growth, Trends and Forecast:

North America region holds a substantial share of the Agricultural Pump market among all the regions and likely to continue the same during the forecast period of 2022 - 2027.

COVID-19 Impact on North America Agricultural Pump Market:

Most of the countries have been affected very badly due to the coronavirus pandemic. The virus has impacted the global industries by directly affecting production and demand, by creating supply chain and market disruption, and by the financial impact on firms.

The ongoing situation has become a major threat for 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.

Drivers and Restraints of North America Agricultural Pump Market:

Drivers:

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.

Restraints:

Factors such as lack of technical knowledge and skills hinder the development of the business for Agricultural Pumps in this area.

North America Agricultural Pump Market Segmentation:

North America Agricultural Pump Market – By Power Source:

• solar

• diesel/petrol
• electricity grid connection

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.

North America Agricultural Pump Market – By Type:

• rotodynamic pumps
• centrifugal
• mixed flow
• axial flow
• positive displacement
• reciprocating and rotary

Among these, the centrifugal pumps segment holds the major share of the market attributed to its wide application in pumping fluids, cooling and aeration.

North America Agricultural Pump Market – By Material Type:

• iron
• aluminium
• bronze
• stainless steel

North America Agricultural Pump Market – By Horsepower:

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

North America Agricultural Pump Market – By Head Size:

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

North America Agricultural Pump Market – By End Use:

• irrigation
• livestock watering

Regional Analysis:

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 huge amount for introducing new techniques in the farming sector. The United Stated and Canada are the major contributors to this market in the North American area.

Key Players

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, 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.