3 Key Insights on Nearly $7 Bn Opportunity in the Global Agricultural Pumps Market REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Driven By the Rise in Global Population, Increased Pressure for Food on Our Agricultural Production/Supply System, Growing Adoption Rate of Modern and Efficient Farming Techniques, and Governments Across the World Proactively Supporting Modernization, the Global Agricultural Pumps Market is Forecasted to Reach Nearly $7 Bn by 2028, says Ken Research Study. Agricultural pumps are considered to be immensely crucial machines that help make irrigation and farming efficient and cost-effective. Apart from serving the purpose of irrigation on cultivable lands, these pumps also prove effective for livestock watering. Transferring and distributing water, pulled out by these pumps from reservoirs or wells, can be done by drip sprinklers and using hosepipes. An agricultural pump may be powered by electricity, solar energy, or diesel/petrol. Depending on the depth of the water source and the pressure required to transfer the water to the field, these pumps can have varying hydraulic or water horsepower, starting from 0.5 hp to more than 40 hp. “Ken Research shares 3 key insights on this high opportunity market from its latest research study” 1. Efforts Undertaken to Increase Food Production through Efficient Farming Techniques are Helping the Global Agricultural Pump Market to Grow The Global Agricultural Pumps market is expected to grow steadily at a moderate pace during the forecasted period of 2022-2028. A steadily increasing population across the world is leading to a steady increase in the demand for food. The growing demand for food cannot be met without an increase in yield. It requires efficient farming techniques. Cost-effective and efficient irrigation is a major component in making farming optimally productive. According to the latest available data (as of October 7th, 2022) published by the Food and Agriculture Organization (FAO) of the United Nations, the worldwide production of cereals increased to 2,768.4 million tonnes from 2,644.3 million tonnes in 2018-19. During the same period, the global production of wheat increased from 731.4 million tonnes to 787.2 million tonnes, and the production of wheat coarse grain increased from 1,404.7 million tonnes to 1468.4 million tonnes. Such a steady increase would not be sustainable if farmers and farming organizations do not keep deploying effective pumping systems for irrigation and water management. The Global Agricultural Pumps Market was valued at ~US$3 billion in 2017. The market is estimated to have reached ~US$5 billion in 2022 and grow further to a size of ~US$7 billion by 2028. Growth in Poultry Consumption Leading to a Growth in Livestock Watering Needs Apart from irrigation in the agricultural fields, agricultural pumps also cater to the need for livestock watering. According to the data presented by the Economic Research Service (ERS), U.S. Department of Agriculture, poultry has emerged as the most consumed livestock commodity in the world. Between 2001 and 2021, global poultry imports increased by an average of 4% a year to reach 14.2 million metric tons in 2021. The ERS estimates that this consumption would keep increasing to reach 17.5 million metric tons by 2031. Growth in poultry consumption is expected to boost the demand for livestock watering and pumps that serve this purpose. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDc4 3. Solar Agricultural Pump Pricing Remains Prohibitive in Many Parts of the World While Solar Pumps are energy-efficient and sustainable solutions for agricultural irrigation, its price still remains prohibitive, especially in areas that need them the most, like Sub-Saharan Africa. According to the data provided by Rural Power Systems, USA, a solar pump will cost around $1,600 to $2,000 to fetch water out of wells that are 150 feet in depth. For a well up to 300 feet deep, the price could go up to anywhere between US$2,500 and US$3,500. These prices are significantly higher than the per capita GDP in the Sub-Saharan region, which was nearly US$1,502 in 2020 and US$1,646 in 2021. For more information on the research report, refer to the below link: Top Agricultural Pumps Manufacturing Companies Read Also – 3 Key Insights on $16 Bn Opportunity in Asia Pacific Virtual Reality Market Follow Us – LinkedIn | Instagram | Facebook | Twitter | YouTube Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Post Views: 3 Tags: Africa Agricultural Pumps Market, Agricultural Pump Raw Material Suppliers, Agricultural Pump Set Market, Agricultural Pumps and Component Manufacturers, Agricultural Pumps Industry Challenges, Agricultural Pumps Industry Outlook, Agricultural Pumps Market Trends, Agricultural Water Management Market, Agricultural Water Pumps Market, Agriculture PE/VC fund Investors, Asia Pacific Agricultural Pumps Market, Competitors in Agricultural Pumps Market, Diesel Agricultural Pumps Market, Emerging Companies in Agricultural Pumps Market, Europe Agricultural Pumps Market, Falcon Submersible Borewell Pumpset Market, Flowserve Submersible Agricultural Pumps Market, Global Agricultural Pumps End Users Industry, Global Agricultural Pumps Industry, Global Agricultural Pumps Market, Global Agricultural Pumps Market Demand, Global Agricultural Pumps Sector, Global Agriculture Pumps Market, Global Axial Flow Pumps Market, Global Centrifugal Pump Market, Global Farming Pumps Market, Global mixed-flow pumps Market, Grundfos Irrigation Groundwater Supply Pumps, Haicheng Agricultural Pumps Market, High Horsepower Agricultural Pumps Market, Horticulture Pumps Market, Investment in agri-tech startups, Irrigation Pump Market, Irrigation Pumps Market, Kirloskar Horticulture and Agriculture Pumps Market, Latin America Agricultural Pumps Market, Leading Players in Agricultural Pumps Market, Lindsay Irrigation Pump Market, Livestock Watering Pump Market, Low Horsepower Agricultural Pumps Market, Medium Horsepower Agricultural Pumps Market, Middle East Agricultural Pumps Market, North America Agricultural Pumps Market, Opportunities in Agricultural Pumps Market, Positive Displacement Pumps Market, Reciprocating Agricultural Pumps Market, Rotary Agricultural Pumps Market, Rotodynamic Pumps Market, Solar Agricultural Pumps Market, Submersible Pumps Market, Top Agricultural Pumps Manufacturing Companies, Top Companies in Agricultural Pumps Market, VC Investors in Agri-tech Industry, Walrus Fishing Pumps Market Revenue, Xylem Submersible Pumps Market Revenue