Micro Irrigation System Market Introduction and Overview
According to SPER Market Research, the Global Micro Irrigation System Market is estimated to reach USD 28.41 billion by 2033 with a CAGR of 9.8%.
The report includes an in-depth analysis of the Global Micro Irrigation System Market, including market size and trends, product mix, applications, and supplier analysis. With the increasing awareness about the depleting water resources, farmers have started using micro irrigation system by which little volumes of water can be applied to the surface of the field more easily and efficiently. Emitters, drippers, sprinklers, and foggers placed along a water supply line are required to use this system on field. All types of soil can benefit from this straightforward fertigation and chemigation method. Because it enhances agricultural productivity, prepares the land, and reduces labour costs, it is gaining traction over conventional sprinkler systems. These technologies provide optimal water utilization while increasing crop yield and farmer revenue through precision water management. Crops that need a lot of water, including sugarcane, cotton, and bananas, are ideal for micro irrigation techniques.
- June 2023: A Series C round of funding of US$ 44 million was raised by N-Drip, an AgTech startup based in Israel that creates irrigation technology. The company offers a micro irrigation device that uses gravity to assist farmers water more effectively and precisely.
- April 2023: The purchase of several foreign subsidiaries that make up Jain Irrigation's international irrigation business was approved by regulators for Rivulis Pte. Ltd. Through this acquisition, Rivulis hopes to drive producers' and business partners' widespread use of digital farming and contemporary irrigation technologies.
- February 2022: The new AlphaDisc filter from Netafim USA, a division of Netafim Ltd., was introduced with the goal of preventing organic impurities from clogging irrigation systems.
Market Opportunities and Challenges
The industry is expanding because greenhouses are widely used to produce crops which drive the demand for micro irrigation system. Furthermore, one of the main reasons driving the demand for this technology is their ability to guarantee excellent crop yields and efficient use of fertile land. The market is expanding as a result of the increased emphasis on water conservation and the popularity of sustainable irrigation techniques. Micro irrigation systems are becoming more and more popular as a result of low-interest loans and subsidies offered by the governments of numerous nations to farmers. In addition, the lateral move, sprinkler, and central pivot micro irrigation systems' integration of cutting-edge technologies, like GPS and remote control, is bolstering the market's expansion. Following the pandemic, it is also projected that in the upcoming years, the growing popularity of urban gardening would propel the market for micro irrigation systems.
One of the key factors holding back the market for micro irrigation systems is their high initial cost, which can be higher than that of commercial systems, and their ongoing maintenance and servicing requirements. One of the main drawbacks of micro-irrigation is the expense of tubing, emitters, and pumps, particularly for large-scale operations. Clogging may occur if the equipment is not adequately maintained and the water is not properly filtered. Crop damage and productivity are directly impacted by clogging, which also raises maintenance costs and affects water application uniformity. One of the main things impeding the expansion of the industry is a lack of understanding about the benefits of micro irrigation systems, such as decreased seepage, conveyance losses, and evaporation losses, for small-scale farmers in developing nations.
Market Competitive Landscape
The major players in the industry are actively pursuing acquisitions of significant businesses in a number of top economies in order to strengthen their position and visibility in the micro irrigation sector. Moreover, Hunter Industries, Jain Irrigation Systems Ltd., Lindsay Corporation, Mahindra EPC Irrigation Ltd., Netafim Ltd., Rain Bird Corporation, Rivulis Irrigation Ltd., T-L Irrigation Co, The Toro Company, Valmont Industries Inc. are the leading players in the Micro Irrigation Systems market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Mechanism, By Component, By End User, By Cultivation Technology, By Application
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Hunter Industries, Jain Irrigation Systems Ltd., Lindsay Corporation, Mahindra EPC Irrigation Ltd., Netafim Ltd., Rain Bird Corporation, Rivulis Irrigation Ltd., T-L Irrigation Co, The Toro Company, Valmont Industries Inc.
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COVID-19 Impact on Global Micro Irrigation System Market
Micro irrigation systems saw a decline in the number of agricultural practices due to the COVID-19 pandemic's rapid growth, which also led to the imposition of draconian lockdown rules in many countries. The COVID-19 epidemic has had a variety of consequences on the micro irrigation system industry. On the one hand, it has highlighted the significance of efficient water management and sustainable agriculture. On the other hand, the industry has encountered challenges due to reduced investment capacity and supply chain interruptions. Farmers' access to possibilities for training and on-the-ground help has also been diminished by restrictions on their movement. During the anticipated period, the market is expected to develop at an exponential rate as it recovers from the losses brought on by the pandemic.
Key Target Audience:
- Government Agencies
- Irrigation Equipment Manufacturers
- Investors and Venture Capitalist
Our in-depth analysis of the Micro Irrigation System Market includes the following segments:
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By Mechanism: |
Drip Irrigation Systems
Sprinkler Irrigation Systems
Other Micro-irrigation Systems
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By Component: |
Drip Irrigation Components
Sprinkler Irrigation Components
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By End User: |
Farmers
Industrial users
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By Cultivation Technology: |
Open Field
Protected Cultivation
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By Application: |
Field Crops
Orchards and Vineyards
Plantation Crops
Vegetables
Other Applications
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Key Topics Covered in the Report:
- Global Micro Irrigation System Market Size (FY’2023-FY’2033)
- Global Micro Irrigation System Market
- Segmentation of Global Micro Irrigation System Market by Mechanism (Drip Irrigation Systems, Sprinkler Irrigation Systems, Other Micro-irrigation Systems)
- Segmentation of Global Micro Irrigation System Market by Component (Drip Irrigation Components, Sprinkler Irrigation Components)
- Segmentation of Global Micro Irrigation System Market by End User (Farmers, Industrial users, Others)
- Segmentation of Global Micro Irrigation System Market by Cultivation Technology (Open Field, Protected Cultivation)
- Segmentation of Global Micro Irrigation System Market by Application (Field Crops, Orchards and Vineyards, Plantation Crops, Vegetables, Other Applications)
- Statistical Snap of Global Micro Irrigation System Market
- Expansion Analysis of Global Micro Irrigation System Market
- Problems and Obstacles in Global Micro Irrigation System Market
- Competitive Landscape in the Global Micro Irrigation System Market
- Impact of COVID-19 and Demonetization on Global Micro Irrigation System Market
- Details on Current Investment in Global Micro Irrigation System Market
- Competitive Analysis of Global Micro Irrigation System Market
- Prominent Players in the Global Micro Irrigation System Market
- SWOT Analysis of Global Micro Irrigation System Market
- Global Micro Irrigation System Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts on the Global Micro Irrigation System Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Micro Irrigation System Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Micro Irrigation System Market
7. Global Micro Irrigation System Market, By Mechanism (USD Million)
7.1. Global Micro Irrigation System Market Value Share and Forecast, By Mechanism, 2023-2033
7.2. Drip Irrigation Systems
7.3. Sprinkler Irrigation Systems
7.4. Other Micro-irrigation Systems
8. Global Micro Irrigation System Market, By Component (USD Million)
8.1. Global Micro Irrigation System Market Value Share and Forecast, By Component, 2023-2033
8.2. Drip Irrigation Components
8.3. Sprinkler Irrigation Components
9. Global Micro Irrigation System Market, By End User (USD Million)
9.1. Global Micro Irrigation System Market Value Share and Forecast, By End User, 2023-2033
9.2. Farmers
9.3. Industrial users
9.4. Others
10. Global Micro Irrigation System Market, By Cultivation Technology (USD Million)
10.1. Global Micro Irrigation System Market Value Share and Forecast, By Cultivation Technology, 2023-2033
10.2. Open Field
10.3. Protected Cultivation
11. Global Micro Irrigation System Market, By Application (USD Million)
11.1. Global Micro Irrigation System Market Value Share and Forecast, By Application, 2023-2033
11.2. Field Crops
11.3. Orchards and Vineyards
11.4. Plantation Crops
11.5. Vegetables
11.6. Other Applications
12. Global Micro Irrigation System Market Forecast, 2019-2033 (USD Million)
12.1. Global Micro Irrigation System Market Size and Market Share
13. Global Micro Irrigation System Market, By Mechanism 2019-2033 (USD Million)
13.1. Global Micro Irrigation System Market Size and Market Share by Component (2019-2026)
13.2. Global Micro Irrigation System Market Size and Market Share by Component (2027-2033)
14. Global Micro Irrigation System Market, By Component, 2019-2033 (USD Million)
14.1. Global Micro Irrigation System Market Size and Market Share by Component (2019-2026)
14.2. Global Micro Irrigation System Market Size and Market Share by Component (2027-2033)
15. Global Micro Irrigation System Market, By End User, 2019-2033 (USD Million)
15.1. Global Micro Irrigation System Market Size and Market Share by End User (2019-2026)
15.2. Global Micro Irrigation System Market Size and Market Share by End User (2027-2033)
16. Global Micro Irrigation System Market, By Cultivation Technology, 2019-2033 (USD Million)
16.1. Global Micro Irrigation System Market Size and Market Share by Cultivation Technology (2019-2026)
16.2. Global Micro Irrigation System Market Size and Market Share by Cultivation Technology (2027-2033)
17. Global Micro Irrigation System Market, By Application, 2019-2033 (USD Million)
17.1. Global Micro Irrigation System Market Size and Market Share by Application (2019-2026)
17.2. Global Micro Irrigation System Market Size and Market Share by Application (2027-2033)
18. Global Micro Irrigation System Market, By Region, 2019-2033 (USD Million)
18.1. Global Micro Irrigation System Market Size and Market Share by Region (2019-2026)
18.2. Global Micro Irrigation System Market Size and Market Share by Region (2027-2033)
18.3. Asia-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. Hunter Industries
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Jain Irrigation Systems Ltd.
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Lindsay Corporation
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Mahindra EPC Irrigation Ltd.
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Netafim
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Rain Bird Corporation
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Rivulis Irrigation Ltd.
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. T-L Irrigation Co.
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. The Toro Company
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Valmont Industries Inc.
19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary
19.10.4. Recent developments
19.11. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope