Solar pumps and integrated systems are among the technologies driving global agricultural growth.
12/15/2014
Agriculture is a dominant industry worldwide. Demand for agricultural products is expected to steadily build as populations continue to grow, primarily in regions such as Asia and Latin America. Meanwhile, North America is regaining its dominant export position, and Africa and Asia are expected to increase net imports to meet demands. Pumps play a critical role in agricultural businesses, especially for areas with uneven rain patterns and water scarcity (see Figure 1). Fluctuations in groundwater levels have led to further development of the pump market and rising demand. Several equipment industries, including pumps and related products, are heavily involved during the design of a farm-based irrigation network.
Figure 1. Global water scarcity and rising food demands drive the irrigation pumps market. (Courtesy of Frost & Sullivan)
Crop prices are expected to decrease further during the next one to two years before they stabilize, making remaining profitable difficult for farmers. Water and energy use directly influence most farms’ bottom line. Irrigation ensures the required supply of water to produce enough quality crops and maintain profitability. With proper experience and planning, an efficient irrigation system is the key to a successful farm business.