Water management in agriculture is accomplished by a variety of devices and technologies that are referred to as irrigation machinery. Pumps, pipes, sprinklers, drip irrigation systems, center pivot systems, and other associated parts are all part of it. The main goal of irrigation equipment is to deliver water to crops in a regulated way, maximizing water resource utilization and guaranteeing effective plant growth and development.
Asia Pacific Irrigation Equipment Market Driving Factors and Challenges
Drivers: The primary driver of this sector's growth is water shortage, which is a key worry in the current agricultural scenario. This is followed by awareness of micro-irrigation systems and the necessity of high productivity to meet food demand. The need to solve the problems of water shortages and boost agricultural yield are some of the main drivers driving the irrigation machinery industry. Governments are therefore concentrating on developing programs to boost the use of micro-irrigation systems while reducing the scarcity of water. Micro-irrigation systems are being promoted by government agencies in a number of nations in an effort to persuade farmers to embrace cutting-edge irrigation technologies by offering them various incentives or perks. Advanced irrigation systems are being promoted by the governments of Asian nations through special initiatives.
Challenges:
High maintenance costs can slow down market growth - Irrigation gear requires a significant initial capital investment, as well as a high cost of upkeep. For irrigation systems, these equipment must be inspected and maintained on a regular basis. This, in turn, serves as a primary constraint in the irrigation machinery market. Furthermore, the expense of drip-tape disposal, leak repairs, and high-quality water all contribute to the cost of upkeep. As a result, this issue influences the adoption of these systems, which is expected to stifle growth in the worldwide irrigation machinery market during the forecast period.
Impact of COVID-19 on Asia Pacific Irrigation Equipment Market
The Covid-19 epidemic had a mixed effect on the Asia-Pacific irrigation machinery business. While the initial phase of the pandemic disrupted the supply chain and construction activity, the agriculture sector was robust and continued to function, ensuring food production. Governments recognized the necessity of continuing agricultural activity and gave assistance to farmers, including irrigation machinery subsidies. This led to an increase in demand for improved irrigation systems to improve agricultural production and food security. The pandemic has also spurred the use of digital technologies for remote monitoring and management of irrigation systems. Overall, the Asia-Pacific irrigation machinery market showed resilience and adaptability during the difficult times of the Covid-19 outbreak.
Asia Pacific Irrigation Equipment Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are Jain Irrigation Systems Ltd (JISL), EPC Industries Ltd, Netafim Ltd, Rivulis Irrigation Ltd, Harvel Agua India Private Limited, Kothari Agritech Private Limited, Valmont Industries, Deere & Company, Lindsay Corporation, Rain Bird Corporation.
Asia Pacific Irrigation Equipment Market Segmentation:
By Type: Based on the Type, Asia Pacific Irrigation Equipment Market is segmented as; Sprinkler, Drip, and Pivot.
By Application: Based on the Application, Asia Pacific Irrigation Equipment Market is segmented as; Crop and Non-crop.
By Region: This research includes data for China, Japan, India, South Korea, Australia, Indonesia, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.