The Agricultural Pumps Global Market Report 2023, provides comprehensive information on the agricultural pumps market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/agricultural-pumps-global-market-report
As per The Business Research Company’s Agricultural Pumps Global Market Report 2023, the market size is expected to grow from $4.89 billion in 2022 to $5.16 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global agricultural pumps market size is expected to reach $6.43 billion in 2027 at a CAGR of 5.7%.
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Product innovations are the key trends gaining popularity in the agricultural pumps market going forward. Major companies operating in the agricultural pump market are developing innovative technologies to strengthen their position in the market. For instance, in September 2021, Kirloskar Brothers Ltd., an India-based pump manufacturing company, launched the NEO Series 4-inch Borewell Submersible Pumps. These new Borewell Submersible Pumps come in a variety of designs. They have been created to successfully meet the needs of the home, community, and rural water supply markets, including the agricultural, building, and construction industries.
The agricultural pumps market is segmented:
1) By Type: Rotodynamic Pumps, Positive Displacement Pumps
2) By Power Source: Electricity-Grid Connection, Diesel Or Petrol, Solar
3) By HP: 0.5-3, 4-15, 16-30, 31-40, >40
4) By End-Use: Irrigation, Livestock Watering
Asia-Pacific was the largest region in the agricultural pumps market in 2022.
The table of contents in TBRC’s agricultural pumps market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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