Irrigation pump market set to grow from USD 161.61 Billion in 2023 to USD 257.3 Billion by 2030. Neutral

From GlobeNewswire: 2024-07-01 06:12:00

Exactitude Consultancy has released a comprehensive research report on the Irrigation Pumps Market. The industry is projected to grow from USD 161.61 Billion in 2023 to USD 257.3 Billion by 2030, with a CAGR of 6.87%. Various types of pumps are used in irrigation systems, including centrifugal, Vortex, and submersible pumps.

The competitive landscape of the Irrigation Pumps market is vibrant, with prominent companies like Berkeley, Grundfos, KSB Group, and more vying to provide innovative solutions. Recent developments include Grundfos introducing the LC232 Controller to advance smart agriculture in the Asia Pacific region and Franklin Electric acquiring Water Works Pump.

The global population’s increasing food demand necessitates efficient irrigation systems and pumps. To sustain crop development and maintain optimal soil moisture levels, modern irrigation technologies must be implemented. However, the initial costs associated with purchasing and installing irrigation pumps can be a barrier for resource-constrained farms. North America leads the irrigation pump market with a 38% share.

Exactitude Consultancy offers customizable market research services to address critical strategic challenges for businesses. Other research findings include projections for the Heat Pump Market, Artificial Lift Market, Ultrasonic Testing Market, and more. The global Heat Pump Market is estimated to reach USD 109.95 billion by 2029, recording a CAGR of 9.5%.

For more information and detailed research reports, visit Exactitude Consultancy’s website.



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