Nurturing Tomorrow’s Agriculture: Advancements in Micro Irrigation Systems Fuel Rapid Growth from 2023 to 2033
According to Future Market Insights (FMI), an ESOMAR-certified research and consultancy company, the global market for microirrigation systems is predicted to expand at a rate of more than 0.5% CAGR through the end of 2033. The paper offers a comprehensive examination of the prospects for micro irrigation systems for the next ten years in more than 20 high-growth regional markets.
Due to its effectiveness in reducing the effects of drought
conditions at relatively cheap costs, micro irrigation systems are becoming
more and more important in the agricultural industry.
Increasing demand for water and concerns over scarcity of
this natural resource, with its effects in terms of quality and crop yield will
play key roles in driving the growth of the market. Growing interest in
greenhouse farming is also driving micro-irrigation systems in specialized
farms.
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The study by FMI has analyzed the global demand for
microirrigation systems, in terms of macroeconomic factors, the impact of the
covid-19 pandemic, and the market landscape. As per the scope of research
conducted by FMI, the market has been studied on the basis of consumer
interests, product segments, and regional influences, in addition to
qualitative data on the players operating in the market covering both supply
and demand.
Key Takeaways from Micro Irrigation Systems Market Study
- Drip
irrigation systems are estimated to hold the lead, supported by lower
purchase and installation costs, in addition to low water use.
- Micro
farming applications will reflect a relatively higher rate of growth,
driving demand for lateral move and central pivot products.
- United
States will hold significant market share owing to the concentrated
presence of market leaders in the country.
- India
and China will account for a high rate of growth, supported by an agrarian
economy and favorable government initiatives in the industry.
- Access
to technologies associated to mechanized irrigation systems are generating
opportunities in the Middle East and Africa region.
The micro irrigation systems market is expected to grow at a
healthy rate during 2023 to 2033. With the essential nature of irrigation in
agriculture, coupled with growing concerns over water scarcity issues, market
players are expected to be focused on research and development to improve on
resource optimization objectives. Field testing and collaborations with
regional players is likely to gain the interest of market players through the
assessment period.
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Region
- North
America (U.S. & Canada)
- Latin
America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
- Western
Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, & Rest
of W. Europe)
- Eastern
Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
- Middle
East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest
of MEA)
- Japan
- Asia
Pacific excluding Japan (China, India, ASEAN, South Korea, Australia,
& Rest of APEJ)
Competitive Landscape
The global micro irrigation system market is moderately
fragmented, with a number of regional players holding notable market share, which
is likely to continue for the duration of the forecast period. Leading
manufacturers are increasingly investing in new technology innovations in
addition to strategic geographic expansion efforts.
Some of the leading players in the micro irrigation systems
market include but are not limited to Netafim Ltd., Jain Irrigation Systems
Ltd., The Toro Company, Rain Bird Corporation, Hunter Industries, Valmont
Industries, Rivulis Irrigation Ltd., Lindsay Corporation, Reinke Manufacturing
Company Inc., EPC Industries Ltd., T-L Irrigation, Elgo irrigation, Sistema
Azud SA, Nelson Irrigation Corporation, Chinadrip Irrigation Equipment Co.
Ltd., Kisan Irrigation Ltd., Finolex Plasson Industries Pvt. Ltd., Ripple
Aquaplast , Irritrol, Eurodrip SA.
Key Segments Profiled In The Global Micro Irrigation
Systems Market
By System Type:
- Drip
Irrigation,
- Micro/Mini
Sprinkler Irrigation,
- Conventional
Sprinkler Irrigation,
- Traditional
Sprinklers,
- Central
Pivot Sprinklers,
- Lateral
Move Sprinklers
By End-use:
- Agriculture
- Landscape
Irrigation
- Greenhouse
Irrigation
- Others
By Region:
- North
America
- Latin
America
- Europe
- Asia
Pacific
- Middle
East and Africa
Valuable Insights into Micro Irrigation Systems Market
Study
Future Market Insights brings a detailed research report of
the latest industry trends affecting growth in the global micro irrigation
systems market. The market has been segmented in terms of system type and
end-use to offer a comprehensive overview of the industry. The study provides
an in-depth analysis of the key factors enabling growth in these segments
across seven key regions.
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