According to the Markntel Advisor report, the sector was valued at around USD 3.11 billion in 2025 and is projected to grow from USD 3.34 billion in 2026 to USD 4.10 billion by 2032, representing a CAGR of 3.48% during 2026–2032. The study identifies irrigation modernization, urban water infrastructure, mining requirements, climate adaptation, and the transition toward solar and hybrid pumping systems as important factors shaping the sector.
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