Global Micro-Irrigation Systems Market By Crop Type (Plantation Crops, Orchard Crops and Other Crop Types) By Product (Sprinkler, Central Pivot, and others) By Application (Agriculture, Greenhouse, and Other Applications); By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast: 2022-2032
- Published date: Oct 2021
- Report ID: 14148
- Number of Pages: 229
- Format:
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Microirrigation Systems Market Overview
Microirrigation systems market is projected to reach a valuation of USD 20724.99 Mn by 2032 at a CAGR of 7.6%, from USD 9,258.9 Mn in 2021.
Primary drivers for market growth are the increasing global food demand and demand for booming population figures, particularly in emerging countries of the Asia Pacific or Latin America regions. These systems are also in high demand due to the increasing need for water conservation, especially in arid areas.
Global Microirrigation Systems Market Analysis
Crop Analysis
In terms of ‘Crop’, the ‘Orchard’ segment accounted for the largest market share in 2021, approximately 30% in global Microirrigation Systems market revenues. It is believed that this segment will become the fastest-growing, after field crops and plantation crops. Significant growth in the orchards segment can be attributed mostly to increasing cultivation and the exporting of fruits and nuts, mainly from the Asia Pacific.
Because of the increased demand for tea and coffee products, the ‘Plantation Crops’ segment will also experience significant economic steady growth. Micro and mechanized irrigation systems have been less popular in field crops due to smaller arable lands in developing countries such as India, and China.
Respective governments are expected to offer incentives and subsidies to encourage small landowners to adopt micro and mechanized systems to grow their field crop productivity .
This sector is set to index a significant increase in the future due to micro-farming. Central pivot and lateral movement are promoted by the growing use of field crops like corn, wheat, and maize. These products can be used to reduce wastage of water over vast areas.
Product Analysis
With respect to ‘Product’, the ‘Drip’ segment accounted for a considerable revenue share in 2021. Microirrigation Systems Market growth is expected to be supported by their use in growing food crop fields. Segment growth is mainly driven by the water management and low cost of trickle irrigation systems. The growing popularity of sustainable irrigation methods is encouraging the large-scale adoption of automatic drip irrigation systems.
As sprinklers can be used to displace water over significant distances, which helps reduce quantity of water consumption, adoption of sprinkler irrigation is expected to increase. Another driver is the increasing popularity of sprinklers due to their safety and aesthetic benefits.
Key market players were also able to set up manufacturing divisions because of the low cost of producing micro-sprinkler in the Asia Pacific. This has also allowed sprinkler irrigation systems for rural areas that practice microirrigation.
Due to key factors like the growing adoption of micro-sprinkler irrigation systems by farmers and the rising demand for organic products, the Asia Pacific region will be the most rapidly growing Microirrigation Systems market.
For the sole purpose of producing specialized greenhouse vegetables, automatic drip irrigation systems are essential to manage soil moisture.
Both the public and private sector support advanced irrigation method on arable lands.
Product penetration will be fueled by the increasing need to lower labor costs and minimize production additional costs.
Application Analysis
In 2021, the ‘Agriculture’ segment accounted for a significant revenue share. This is due in large part to the fact that agriculture has become a key occupation in various parts of the world. In addition, emerging economies are more likely to practice agriculture on a large-scale, which in turn increases the popularity of microirrigation systems.
It is affordable to customers in emerging countries of Latin America and the Asia Pacific because it has a low cost of production. In the ‘Greenhouse’ application segment, there has been a surge in the demand for advanced irrigation systems due to improvements in spraying equipment and pumping units.
Green Houses are also expected to register significant growth over the forecast period. This is due to increasing demand for more efficient and economical methods of running agricultural activities. Due to the increasing maintenance costs of electricity and water, as well as concerns over changing climatic conditions, greenhouse owners, hobbyists, and home gardeners alike are choosing to implement tools and techniques that increase efficiency.
Segment growth will be supported by key benefits like an increase in agriculture production and increased economic vitality over the forecast period.
To gain a competitive edge, key industry players use a variety of strategies to achieve their goals: technological innovations, strong R&D investments, new product launches, mergers and acquisitions, joint ventures, and technological innovations.
Key Market Segments
By Crop Type
- Plantation Crops
- Orchard Crops
- Field Crops
- Forage & Grass
- Other Crop Types
By Product
- Sprinkler
- Central Pivot
- Drip
- Lateral Move
By Application
- Agriculture
- Greenhouse
- Landscape
- Nursery
- Other Applications
Market Dynamics
Micro agriculture systems are able to reduce water wastage, and even eliminate soil erosion. As a result, Microirrigation Systems market is expected to be in high demand across emerging nations. This system can increase agricultural production and uses minimal water, which is why small-scale farmers are focusing on implementing them. A growing number of technological advances in micro-irrigation systems offer large-scale ease to both large agricultural land farmers and large lawn owners in households to monitor and control water flow to plants.
Micro – irrigation systems like drip systems and sprinklers can reduce the water use of crops and increase their yield in agricultural sector. Local governments all over the globe encourage rural farmers and medium farmers to use these products. This promotes market growth, and stimulates other market participants to design efficient and affordable microirrigation products. These products will be in high demand because of favorable government policies like low-interest loans and subsidies to farmers.
These benefits are expected to boost this industry’s potential fastest growth. Additionally, micro irrigation systems offer additional benefits such as higher crop yield, lower cost, and better efficiency. This is why they are being promoted.
Two major factors of the microirrigation system market are an increase demand for food and agricultural products, and a rise water supply & storage.
Market growth is driven by factors such as a higher yield requirement in a small area, rapid growth in greenhouse vegetable production, scarcity of water and increased use of artificial intelligence in micro irrigation for fertigation.
Regional Analysis
The regional Microirrigation Systems market of North America was valued at US$3,009.1 million, accounting for 32.5% of a revenue of market share in 2021. North America’s rapid growth can be attributed to the presence of key market players like Rain Bird Corporation, Lindsay Corporation, and Nelson Irrigation Corporation in North America. These market players are responsible for developing reliable micro-irrigation solutions.
North America is home to key players that support the development of reliable micro- and mechanized irrigation systems. Initiatives like the North America Climate Smart Agricultural Initiative enable farmers and industry players to work together. A further key driver of regional market growth is the growing awareness about water conservation in America.
The Asia Pacific is projected to become the fastest-growing regional Microirrigation Systems market, with a CAGR of 8.3%, between 2023-2032. This is due in part to the fact that the Asia Pacific region is an agricultural region with most of its income coming from crop production. This region’s significant growth is also due to government subsidies that have increased the use of micro-irrigation systems in irrigation sector.
The MEA region has also registered a remarkable industry boom. Both micro- and mechanized irrigation have greatly facilitated the green revolution in countries like Israel. Micro and mechanized irrigation systems are more profitable and economically feasible because of the availability of vast arable land.
Key Regions and Countries Covered іn This Rероrt:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- MEA
- GCC
- South Africa
- Israel
- Rest of MEA
Competitive Landscape:
Industry leaders are focused on creating innovative products that have been developed through extensive research and development initiatives. These products are highly efficient, reliable, and affordable. There is plenty of competition in this Microirrigation Systems market, and most players are focusing on growth opportunities in developing countries such as the Asia Pacific.
Some major key companies in Micro-irrigation systems market are T-L Irrigation, EPC Industries, Elgo Irrigation Ltd, Netafim Ltd., EPC Industries Limited, Irrigation Direct Canada, Netafim Limited, Hunter Industries, Rivulus Irrigation Limited, Jain Irrigation Systems Ltd. and other major companies.
It is not uncommon to for market playing to initiate mergers or acquisitions. In order to provide a technologically-enabled push for their products, system manufacturing companies have been forming strategic partnerships with wireless solution providers. This marketplace is evolving rapidly thanks to technological advances such as GPS and remote controls in a lateral movement, sprinklers, central pivots, and remote control in an auxiliary move.
Кеу Маrkеt Рlауеrѕ:
- Jain Irrigation Systems Ltd.
- Nelson Irrigation Corporation
- Lindsay Corporation
- Netafim Ltd.
- Rain Bird Corporation
- EPC Industries Limited
- Jain Irrigation Systems Limited
- The Toro Company
- T-L Irrigation Co.
- Elgo Irrigation Ltd
- Rivulis Irrigation Ltd.
- Valmont Industries Inc.
- Other Key Players
For the Microirrigation Systems Market research study, the following years have been considered to estimate the market size:
Attribute Report Details Market Size in 2022
USD 9,258.9 Mn
Growth Rate
7.6%
Forecast Value in 2032
USD 20724.99 Mn
Historical Years
2016-2020
Base Year
2021
Estimated Year
2022
Short Term Projection Year
2028
Projected Year
2023
Long Term Projection Year
2032
Report Coverage
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
Regional Scope
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Country Scope
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)
What is the size of the Micro-irrigation systems market in 2021?
The Micro-irrigation systems market size is USD 9,258.9 million in 2021.
What is the projected CAGR at which the Micro-irrigation systems market is expected to grow at?
The Micro-irrigation systems market is expected to grow at a CAGR of 7.6% (2023-2032).
List the segments encompassed in this report on the Micro-irrigation systems market?
Market.US has segmented the Micro-irrigation systems market by geographic (North America, Europe, APAC, South America, and MEA). By Crop type, market has been segmented into Plantation Crops, Orchard Crops, Field Crops, Forage & Grass, Other Crop Types. By Product, the market has been further divided into, Sprinkler, Central Pivot, Drip, Lateral Move. By Application, the market has been further divided into, Agriculture, Greenhouse, Landscape, Nursery, Other Applications.
List the key companies of the Micro-irrigation systems market?
Micro-irrigation systems market's major players include T-L Irrigation, EPC Industries, Elgo Irrigation Ltd, Netafim Ltd., EPC Industries Limited, Irrigation Direct Canada, Netafim Limited, Hunter Industries, Rivulus Irrigation Limited, Jain Irrigation Systems Ltd. and other major companies.
Microirrigation Systems Market
Published date: Oct 2021 • Formats:add_shopping_cartBuy Now get_appDownload Sample - account_circleAbout Me
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- Jain Irrigation Systems Ltd.
- Nelson Irrigation Corporation
- Lindsay Corporation
- Netafim Ltd.
- Rain Bird Corporation
- EPC Industries Limited
- Jain Irrigation Systems Limited
- The Toro Company
- T-L Irrigation Co.
- Elgo Irrigation Ltd
- Rivulis Irrigation Ltd.
- Valmont Industries Inc.
- Other Key Players
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