Global Micro-irrigation Systems Market Analysis 2023-2030: Modern Farming Techniques and Automation Fuel Adoption

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Jul 20, 2023, 05:45 ET

DUBLIN, July 20, 2023 /PRNewswire/ -- The "Micro-irrigation Systems Market by Type (Sprinkler, Drip, Spray), Offering (Hardware, Software, Services), Crop (Plantation, Orchard & Vineyards, Field), Application (Agriculture, Sports, Residential, Commercial), and Geography - Global Forecasts to 2030" report has been added to ResearchAndMarkets.com's offering.

The global micro-irrigation systems market is projected to reach $20.2 billion by 2030, at a CAGR of 8.6% during the forecast period of 2023-2030.

The growth of this market is attributed to the growing need to maximize crop yield, government initiatives for water conservation, and the increasing adoption of modern farming techniques.

Based on type, the global micro-irrigation systems market is broadly segmented into sprinkler irrigation, drip irrigation, spray irrigation, subsurface irrigation, and bubbler Irrigation.

In 2023, the sprinkler irrigation segment is expected to account for the largest share of the global micro-irrigation systems market. The large market share of this segment is attributed to the increasing need to deliver water directly to the plant's root and for small sprinklers or sprayers to distribute water in a controlled manner and improve water-use efficiency, more efficient and effective ways to deliver water to crops. However, the drip irrigation segment is projected to register the highest CAGR during the forecast period.

Based on offering, the global micro-irrigation systems market is broadly segmented into hardware, software, and services.

In 2023, the hardware segment is expected to account for the largest share of the global micro-irrigation systems market. The large market share of this segment is attributed to the increasing use of polyethylene tubing to connect the micro-irrigation system's components, surging use of valves, sprays, and sprinklers over a larger area for managing the water supply efficiently, growing use of drippers in orchards & vineyards, and vegetable gardens. This segment is also projected to register the highest CAGR during the forecast period.

Based on method, the global micro-irrigation systems market is broadly segmented into smart micro-irrigation and traditional micro-irrigation.

In 2023, the traditional micro-irrigation segment is expected to account for the largest share of the global micro-irrigation systems market. The large market share of this segment is attributed to its relatively inexpensive cost compared to smart irrigation methods, easy installation and maintenance compared to smart micro-irrigation, and the need to grow a range of crops with limited resources or technical expertise. However, the smart micro-irrigation segment is projected to register the highest CAGR during the forecast period.

Based on crop type, the global micro-irrigation systems market is broadly segmented into plantation crops, orchard crops & vineyards, field crops, grasslands & grazelands, and other crops.

In 2023, the field crops segment is expected to account for the largest share of the global micro-irrigation systems market. The large market share of this segment is attributed to the increasing need for irrigating field crops for efficient and precise water and nutrient delivery and the growing need to improve crop yields and reduce water waste and fertilizer runoff. However, the orchard crops & vineyards segment is projected to register the highest CAGR during the forecast period.

Based on application, the global micro-irrigation systems market is broadly segmented into agriculture, golf & sports ground, residential, commercial, and other applications.

In 2023, the agriculture segment is expected to account for the largest share of the global micro-irrigation systems market. The large market share of this segment is attributed to the increasing adoption of micro-irrigation systems in agriculture to improve crop yields, reduce the need for manual labor and improve water-use efficiency. This segment is also projected to register the highest CAGR during the forecast period.

Key questions answered in the report:

Which are the high growth market segments in terms of type, offering, method, crop type, application, and countries?
What is the historical market for micro-irrigation systems across the globe?
What are the market forecasts and estimates from 2023 to 2030?
What are the major drivers, restraints, and opportunities in the global micro-irrigation systems market?
Who are the major players in the global micro-irrigation systems market, and what shares of the market do they hold?
Who are the major players in various countries, and what shares of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global micro-irrigation systems market?
What are the different strategies adopted by the major players in the global micro-irrigation systems market?
What are the geographical trends and high growth countries?
Who are the local emerging players in the global micro-irrigation systems market and how do they compete with the other players?

Market Dynamics:

Drivers:

Growing need to maximize crop yield
Government initiatives for water conservation
Increasing adoption of modern farming techniques
Growing use of automation in irrigation systems
Increasing support for irrigation projects
Increasing need for sustainable irrigation practices
Rising environmental concerns, including soil degradation
Increasing water scarcity

Challenges:

High initial investments required for micro-irrigation systems
Lack of awareness regarding advanced irrigation technologies in developing countries

Trends:

Technological advancements in irrigation systems
Surging government initiatives to conserve water and optimize plant growth
Rising demand for a more sustainable way to irrigate crops and reduce water waste

Regional Breakdown:

Asia-Pacific expected to account for the largest market share in 2023
Rapid growth anticipated in Asia-Pacific
Increasing technological advancements in irrigation systems in Asia-Pacific
Surging government initiatives for water conservation and increasing crop yields in Asia-Pacific

Company Profiles

Valmont Industries Inc. (U.S.)
The Toro Company (U.S.)
Jain Irrigation Systems Ltd. (India)
T-L Irrigation (U.S.)
Rivulis Irrigation Ltd. (Israel)
Reinke Manufacturing Co. Inc. (U.S.)
Rain Bird Corporation (U.S.)
Netafim Limited (Israel)
Nelson Irrigation Corporation (U.S.)
Lindsay Corporation (U.S.)
Hunter Industries Inc. (U.S.)
Antelco Pty Ltd (Australia)
Elgo Irrigation Ltd. (Israel)
Harvel Agua India Private Limited (India)
Irritec S.p.A (U.S.).

Scope of the report:

Global Micro-irrigation Systems, by Type

Sprinkler Irrigation
Drip Irrigation
Spray Irrigation
Subsurface Irrigation
Bubbler Irrigation

Global Micro-irrigation Systems, by Offering

Hardware
Drippers
Polyethylene Tubing
Valves
Filters
Sprays & Sprinklers
Controllers
Sensors
Pumping
Connectors
Pressure Regulators
Monitoring & Controlling Devices
Other Hardware
Software
Interfacing Software
Forecasting Software
Other Software
Services

Global Micro-irrigation Systems, by Method

Smart Micro Irrigation
Traditional Micro Irrigation

Global Micro-irrigation Systems, by Crop type

Plantation Crops
Orchard Crops & Vineyards
Field Crops
Grasslands & Grazelands
Other Crops

Global Micro-irrigation Systems, by Application

Agriculture
Golf & Sports Ground
Residential
Commercial
Other Applications

Global Micro-irrigation Systems, by Geography

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
Thailand
Australia & New Zealand
Philippines
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
South Africa
Israel
Turkey
Rest of the Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/mtb9cj

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