Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Type (Rotodynamic Pumps, Positive Displacement Pumps), By Power Source (Electricity-grid Connection, Diesel/Petrol, Solar), By End Use (Irrigation, Livestock Watering) And Competitive Landscape
Product Code: ETC4605550 | Publication Date: Jul 2023 | Updated Date: Mar 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Africa Agricultural Pumps Market |
Forecast period | 2024-2030 |
CAGR | 6.3% |
Growing Sector | Agriculture |
Africa Agricultural Pumps Market report thoroughly covers the market By Countries, By Type, By Power Source, and By End Use. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa Agricultural Pumps Market is witnessing steady growth, driven by the increasing demand for efficient water management solutions in agriculture. As of 2024, the market is estimated to be valued at around USD 500-600 million, supported by rising investments in irrigation infrastructure and the need to improve agricultural productivity. The market is expected to grow at a CAGR of 6.3%, reaching a projected size of USD 800-900 million by 2030, as farmers increasingly adopt advanced pump technologies to address water scarcity and enhance crop yields across the region.
Africa Agricultural Pumps Market is witnessing a significant surge due to the increasing need for modern agricultural practices amidst growing food security concerns. With diverse climatic conditions and vast arable lands, the demand for efficient irrigation systems is on the rise, propelling the agricultural pumps market forward. The market trends indicate a robust inclination towards solar-powered pumps, driven by cost-effectiveness and sustainability goals. Additionally, government initiatives aimed at bolstering agricultural productivity are further proliferating the Africa Agricultural Pumps Market Growth, making agricultural pumps an indispensable tool for African farmers striving toward agricultural modernization and increased crop yields.
According to 6Wresearch, the Africa Agricultural Pumps Market size is anticipated to reach a CAGR of 6.3% during the forecast period of 2024-2030. The market is poised for significant growth, fueled by several key factors including the increasing adoption of modern agricultural practices, government initiatives to support farming communities, and a growing awareness among farmers about the efficiency benefits of using agricultural pumps. This growth is further bolstered by the emergence of solar-powered pumps, which align with the increasing focus on sustainable and eco-friendly farming practices across the continent. However, the market faces restraints such as high initial investments required for advanced pump systems and the lack of awareness in some rural areas about the benefits of such technology. Nonetheless, the rising demand for food due to the continent's growing population and the subsequent need for enhanced agricultural productivity present substantial opportunities for the expansion of the agricultural pumps market in Africa. These emerging opportunities, coupled with efforts to overcome existing challenges, are set to shape the future trajectory of the market, promising improved agricultural outcomes, and increased economic benefits for the farming sector.
The government have initiated policies and schemes to improve agricultural productivity and sustainability. For instance, subsidies for agricultural inputs, including irrigation pumps, and training for farmers on efficient water management techniques are some of the measures introduced. These policies are designed to encourage the adoption of modern farming practices, enhance food security, and promote the growth of the agricultural sector. For instance, the governments are supporting farmers is through subsidies on agricultural inputs, including irrigation pumps. These subsidies reduce the cost of purchasing pumps, making them more accessible to small-scale farmers who often face financial constraints. For example, in Malawi, the Farm Input Subsidy Program (FISP) provides subsidies on irrigation pumps to smallholder farmers.
The Africa agricultural pumps industry is supported by a mix of local and international manufacturers. Key players include Grundfos, KSB SE & Co. KGaA, and Xylem Inc., alongside emerging local manufacturers that are starting to make significant strides. These companies are innovating in terms of energy efficiency, affordability, and adaptability to the diverse agricultural needs of the African continent.
The Africa agricultural pumps market is poised for substantial growth, driven by increasing demand for food, focus on agricultural modernization, and supportive government policies. Additionally, the integration of solar-powered pumps and smart technologies for precision agriculture present significant growth opportunities, potentially transforming farming practices across the continent. With the right investments in research and development, technology transfer, and sustainable water management practices, the African agricultural pumps market has the potential to become a global leader in providing efficient and sustainable solutions for irrigation and farming.
According to Nitesh Kumar, Senior Research Analyst, 6Wresearch, Rotodynamic pumps are witnessing significant growth owing to their efficiency in large agricultural operations and the flexibility they offer in terms of installation and operation.
By Power Source, Solar segment currently dominates the Africa Agricultural Pumps Market Share during the forecast period due to the abundance of sunlight in Africa, the dropping costs of solar technology, and the growing emphasis on sustainable and renewable energy sources.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Agricultural Pumps Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Agricultural Pumps Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Agricultural Pumps Market - Industry Life Cycle |
3.4 Africa Agricultural Pumps Market - Porter's Five Forces |
3.5 Africa Agricultural Pumps Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Agricultural Pumps Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 Africa Agricultural Pumps Market Revenues & Volume Share, By Power Source, 2020 & 2030F |
3.8 Africa Agricultural Pumps Market Revenues & Volume Share, By End Use, 2020 & 2030F |
4 Africa Agricultural Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Agricultural Pumps Market Trends |
6 Africa Agricultural Pumps Market, 2020 - 2030 |
6.1 Africa Agricultural Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
6.2 Africa Agricultural Pumps Market, Revenues & Volume, By Power Source, 2020 - 2030 |
6.3 Africa Agricultural Pumps Market, Revenues & Volume, By End Use, 2020 - 2030 |
7 South Africa Agricultural Pumps Market, 2020 - 2030 |
7.1 South Africa Agricultural Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
7.2 South Africa Agricultural Pumps Market, Revenues & Volume, By Power Source, 2020 - 2030 |
7.3 South Africa Agricultural Pumps Market, Revenues & Volume, By End Use, 2020 - 2030 |
8 Nigeria Agricultural Pumps Market, 2020 - 2030 |
8.1 Nigeria Agricultural Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
8.2 Nigeria Agricultural Pumps Market, Revenues & Volume, By Power Source, 2020 - 2030 |
8.3 Nigeria Agricultural Pumps Market, Revenues & Volume, By End Use, 2020 - 2030 |
9 Kenya Agricultural Pumps Market, 2020 - 2030 |
9.1 Kenya Agricultural Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
9.2 Kenya Agricultural Pumps Market, Revenues & Volume, By Power Source, 2020 - 2030 |
9.3 Kenya Agricultural Pumps Market, Revenues & Volume, By End Use, 2020 - 2030 |
10 Rest of Africa Agricultural Pumps Market, 2020 - 2030 |
10.1 Rest of Africa Agricultural Pumps Market, Revenues & Volume, By Type, 2020 - 2030 |
10.2 Rest of Africa Agricultural Pumps Market, Revenues & Volume, By Power Source, 2020 - 2030 |
10.3 Rest of Africa Agricultural Pumps Market, Revenues & Volume, By End Use, 2020 - 2030 |
11 Africa Agricultural Pumps Market Key Performance Indicators |
12 Africa Agricultural Pumps Market - Opportunity Assessment |
12.1 Africa Agricultural Pumps Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Agricultural Pumps Market Opportunity Assessment, By Type, 2020 & 2030F |
12.3 Africa Agricultural Pumps Market Opportunity Assessment, By Power Source, 2020 & 2030F |
12.4 Africa Agricultural Pumps Market Opportunity Assessment, By End Use, 2020 & 2030F |
13 Africa Agricultural Pumps Market - Competitive Landscape |
13.1 Africa Agricultural Pumps Market Revenue Share, By Companies, 2023 |
13.2 Africa Agricultural Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |