The global Micro Irrigation Systems Market was valued at USD 1.5 Billion in 2021 and it is anticipated to grow up to USD 23.4 Billion by 2031, at a CAGR of 31.6% during the forecast period.
New York, Global Micro Irrigation Systems Market from Global Insight Services is the only authoritative source for intelligence on the Micro Irrigation Systems Market. The report will provide you with an analysis of the impact of the latest market disruptions such as the Russo-Ukrainian War and Covid-19 on the market. The report provides a qualitative analysis of the market using various frameworks such as Porters Analysis and PESTLE. The report includes in-depth segmentation and market size data by categories, product types, applications, and geographic regions. The report also includes a comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as mergers and acquisitions activities in the market.
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Micro irrigation systems are irrigation systems that use small, localized water delivery systems, such as drip irrigation, sprinklers, or micro sprinklers, to water crops. These systems are often used in areas with limited water resources, such as arid or semi-arid regions. Micro irrigation systems can be used to water both small and large areas, and can be used for a variety of crops.
Major Players in the Global Micro Irrigation Systems Market
The micro-irrigation systems market is consolidated, with the top five companies accounting for more than 60% of the market share. With the governments boosting the penetration of water conservation and efficiency driven by micro-irrigation systems, the market is expected to witness double-digit growth in the future. The major players in the market include Valmont Industries, Inc., Hunter Industries, The Toro Company, Jain Irrigation Systems Ltd., Nelson Irrigation Corporation,Netafim Ltd., Lindsay Corporation, T-L Irrigation Co., Rain Bird Corporation and Rivulis Irrigation Ltd. among others.
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Market Trends and Drivers
Growing concerns pertaining to agricultural losses have triggered a paradigm shift towards advanced irrigation system that minimizes water usage and supports sustainable farming measures. Factors such as efficient use of fertilizers and increase productivity in limited water & land resources are anticipated to propel the overall micro irrigation system market share. Also, key aspect of micro irrigation system to support soil health management will further promulgate overall market growth. Increasing necessity to reduce labor cost and minimize production cost will also fuel product penetration rate. Inadequate rainfall for past few years has accentuated the need for novel techniques that will help agricultural crop growth and support landscape maintenance. As per FAO, world’s population is expected to grow to almost 10 billion by 2050, thus boosting agricultural demand. Higher demand for fruits and vegetables owing to increase in income growth of low and middle level countries will further create positive application outlook for micro irrigation system manufacturers over the projected timeframe.
Global Micro Irrigation Systems Market Segmentation
By Product
- Sprinkler Irrigation
- Drip Irrigation
By Crop Type
- Plantation Crops
- Field Crops
- Orchard Crops
- Others
By End-user
- Farmer
- Government
- Industrial
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
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