Micro Irrigation Systems The global micro irrigation system market reached USD 10,896.9 million in 2022 and is projected to witness lucrative growth by reaching up to USD 28,953.4 million by 2030. The market is expected to exhibit a CAGR of 13.1% during the forecast period (2024-2031). The global micro irrigation system has shown significant market growth over the forecast period due to it helping to increase the quality and yield of the crop.
The global micro irrigation system market is expected to gain significant market share over the forecast period, owing to the increase in the technological advancement of micro irrigation system.
Micro Irrigation Systems Market Dynamics
Growing agricultural water scarcity across the globe is pushing farmers toward the adoption of micro irrigation
The market for micro-irrigation systems is primarily driven by the requirement to boost crop productivity while addressing challenges with water scarcity. According to a report published in the AGU journal Earth's Future, agricultural water scarcity is projected to increase in more than 80% of the world's croplands by the end of 2050. About 16% of the world's croplands are expected to be affected by changes in the amount of green water available due to changing precipitation patterns and increased evaporation from hotter temperatures. Micro irrigation system helps to overcome issue of water scarcity.
Increase in the government programs and subsidies for micro irrigation system driving the market growth
To reduce the water deficit, governments all around the world are promoting the usage of micro irrigation devices. The USDA and other state and regional water conservation programs run several water conservation initiatives that will boost farmer sales and raise overall production, resulting in an industry expansion throughout the time of anticipated growth. For the years 2021–2022, the MVA government has allocated a budget of USD 71.73 million for drip irrigation and sprinkler systems for kharif and rabbi crops.
Micro Irrigation Systems Market Segment Analysis
The global micro irrigation system market is segmented based on component, application, type, cultivation technology, end-user and region.
Increase in the innovative product launches of valves
Micro irrigation system have been segmented by component as valves, pressure pumps, emitters/drippers, fitting & accessories, filters & fertilizers injectors, drip mainlines/drip tubes and others.
The valves segment in the global micro irrigation systems market were valued at US$ 995.6 million in 2022 and are estimated to grow at a CAGR of 11.2% over the forecast period to reach a market value of US$ 2,331.04 million by 2030. Major companies like Netafim are introducing the strong and versatile valves of Series 75, which exhibit exceptional hydraulic characteristics and provide optimal control of irrigation systems. In order to maintain proper watering for irrigation companies are launching new products with new technologies. For instance, on February 13, 2023, Toro Launched New High-Performance Irrigation Valve for Agriculture Market. With the Toro 900 Series Valve, a new benchmark in valve performance is being set by Toro Ag. This new product launch boosts the segment growth.
Micro Irrigation Systems Market Geographical Share
Increase in the government iniciatives in micro irrigation system helps to boost growth of Asia Pacific.
By region, the global micro irrigation system market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and America.
Asia Pacific micro irrigation system market is likely to reach approximately 1,285.9 million US$ in 2030, from its historical value of approximately US$ 871.3 million in 2022, growing with a CAGR of 5% during the forecast period. Increased in the government iniciatives in micro irrigation system helps to boost regional growth. In October 2021, Punjab Soil and Water Conservation Minister Rana Gurjeet Singh launched www.tupkasinchayee.punjab.gov.in, a portal for implementing the micro Irrigation scheme in the state of Punjab. These government schemes help to create awareness in farmers and increase adoption of micro irrigation system.
Micro Irrigation Systems Market Companies
The major global players include Jain Irrigation Systems Limited, Netafim Limited, Lindsay Corporation, The Toro Company, Deere & Company, Rivulis, Harvel Agua India Private Limited, Mahindra EPC, Nelson Irrigation Corporation, and Rain Bird Corporation.
COVID-19 Impact on Micro Irrigation Systems Market
Covid-19 Impact
The global micro irrigation systems market witnessed a negative impact on the agriculture industry in recent months due to the lockdowns imposed in most countries due to the COVID-19 outbreak. Global economies contracted by 5% to as much as 20% in the first half of 2020. The rising number of cases and the uncertainties in the production of the vaccine is posing the GDP to decline till the end of 2020. But after vaccination and a reduction in the cases in 2021, the GDP should slowly and steadily increase. Adoption of micro irrigation systems depends on the farmer's financial capability and the nature of agricultural land. Hence, after growth of GDP, micro irrigation system market is growing.
Key Developments
• On August 16, 2022, KBL, one of the largest pump manufacturing companies in India, launched an IoT-based remote pump monitoring system. Since pumps use a quarter of the energy used by industrial motors, energy efficiency is a major concern in the Indian industrial sector.
• On June 01, 2021, Honda India Power Products Limited (HIPP) launched an irrigation pressure pump to support farmers. The ""WB20XD & WB30XD"" models' most recent iterations meet the irrigation needs of crops in hilly terrains and plains, respectively, making them appealing to farmers in various Indian regions and market segments.
• On June 21, 2022, Jain Irrigation declared its plan to merge the international irrigation business with Rivulis creating a worldwide irrigation and climate leader.
Why Purchase the Report?
• To visualize the global micro irrigation system market segmentation based on component, application, type, cultivation technology, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of micro irrigation system market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key product of all the major players.
The global micro irrigation system market report would provide approximately 77 tables, 82 figures and 195 Pages.
Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Component
- 3.2. Snippet by Application
- 3.3. Snippet by Type
- 3.4. Snippet by Cultivation Technology
- 3.5. Snippet by End-User
- 3.6. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Growing agricultural water scarcity across the globe is pushing farmers toward the adoption of micro irrigation
- 4.1.2. Restraints
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. Post COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Component
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 7.1.2. Market Attractiveness Index, By Component
- 7.2. Valves*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Pressure Pumps
- 7.4. Emitters/drippers
- 7.5. Fitting & accessories
- 7.6. Filters & fertilizers injectors
- 7.7. Drip mainlines/drip tubes
- 7.8. Others
- 8. By Application
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
- 8.2. Field Crops*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Orchards & Vineyards
- 8.4. Plantation Crops
- 8.5. Others
- 9. By Type
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.1.2. Market Attractiveness Index, By Type
- 9.2. Drip Irrigation System*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Sprinkle Irrigation System
- 9.4. Other Micro-irrigation Systems
- 10. By Cultivation Technology
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Cultivation Technology
- 10.1.2. Market Attractiveness Index, By Cultivation Technology
- 10.2. Open Field*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Protected Cultivation
- 11. By End-User
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.1.2. Market Attractiveness Index, By End-User
- 11.2. Small Farmers*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3. Large Private & Corporate Farms
- 11.4. Government
- 12. By Region
- 12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 12.1.2. Market Attractiveness Index, By Region
- 12.2. North America
- 12.2.1. Introduction
- 12.2.2. Key Region-Specific Dynamics
- 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Cultivation Technology
- 12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.2.8.1. The U.S.
- 12.2.8.2. Canada
- 12.2.8.3. Mexico
- 12.3. Europe
- 12.3.1. Introduction
- 12.3.2. Key Region-Specific Dynamics
- 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Cultivation Technology
- 12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.3.8.1. Germany
- 12.3.8.2. The U.K.
- 12.3.8.3. France
- 12.3.8.4. Italy
- 12.3.8.5. Spain
- 12.3.8.6. Rest of Europe
- 12.4. South America
- 12.4.1. Introduction
- 12.4.2. Key Region-Specific Dynamics
- 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Cultivation Technology
- 12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.4.8.1. Brazil
- 12.4.8.2. Argentina
- 12.4.8.3. Rest of South America
- 12.5. Asia-Pacific
- 12.6. Introduction
- 12.7. Key Region-Specific Dynamics
- 12.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 12.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Cultivation Technology
- 12.12. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.13. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.13.1. China
- 12.13.2. India
- 12.13.3. Japan
- 12.13.4. Australia
- 12.13.5. Rest of Asia-Pacific
- 12.14. Middle East and Africa
- 12.14.1. Introduction
- 12.14.2. Key Region-Specific Dynamics
- 12.14.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 12.14.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.14.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.14.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Cultivation Technology
- 12.14.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 13. Competitive Landscape
- 13.1. Competitive Scenario
- 13.2. Market Positioning/Share Analysis
- 13.3. Mergers and Acquisitions Analysis
- 14. Company Profiles
- 14.1. Jain Irrigation Systems Limited*
- 14.1.1. Company Overview
- 14.1.2. Grade Portfolio and Description
- 14.1.3. Financial Overview
- 14.1.4. Key Developments
- 14.2. Netafim Limited
- 14.3. Lindsay Corporation
- 14.4. The Toro Company
- 14.5. Deere & Company
- 14.6. Rivulis
- 14.7. Harvel Agua India Private Limited
- 14.8. Mahindra EPC
- 14.9. Nelson Irrigation Corporation
- 14.10. Rain Bird Corporation(*LIST NOT EXHAUSTIVE)
- 15. Appendix
- 15.1. About Us and Services
- 15.2. Contact Us
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