Micro Irrigation System Market Growth, Size, Trends, Revenue, Share, Scope and Future Outlook
Micro Irrigation System Market Size- By Mechanism, By Component, By End User, By Cultivation Technology, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: AGRI2402 | Pages: 1 - 225 | Formats*: |
| Category : Agriculture | |||
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 |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| 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. |
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:
| By Mechanism: |
|
| By Component: |
|
| By End User: |
|
| By Cultivation Technology: |
|
| By Application: |
|
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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts on the Global Micro Irrigation System Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Micro Irrigation System Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2023-20337.2. Drip Irrigation Systems7.3. Sprinkler Irrigation Systems7.4. 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, 2023-20338.2. Drip Irrigation Components8.3. 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, 2023-20339.2. Farmers9.3. Industrial users9.4. 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, 2023-203310.2. Open Field10.3. 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, 2023-203311.2. Field Crops11.3. Orchards and Vineyards11.4. Plantation Crops11.5. Vegetables11.6. 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-Pacific18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific18.4. Europe18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe18.5. Middle East and Africa18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa18.6. North America18.6.1. Canada18.6.2. Mexico18.6.3. United States18.7. Latin America18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. Hunter Industries19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Jain Irrigation Systems Ltd.19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. Lindsay Corporation19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Mahindra EPC Irrigation Ltd.19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Netafim19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. Rain Bird Corporation19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Rivulis Irrigation Ltd.19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. T-L Irrigation Co.19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. The Toro Company19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. Valmont Industries Inc.19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments19.11. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Micro Irrigation System Market is projected to reach USD 28.41 billion by 2033, growing at a CAGR of 9.8% during the forecast period.
Micro Irrigation System Market size from 2022. The Market is expected to reach USD 28.41 billion by 2033, at a CAGR of 9.8% during the forecast period.
Micro Irrigation System Market CAGR of 9.8% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Micro Irrigation System Market size is USD 28.41 billion from 2023 to 2033.
Micro Irrigation System Market Segment is covered By Mechanism, By Component, By End User, By Cultivation Technology, By Application.
The North America is anticipated to have the highest market share in the Micro Irrigation System Market.
"The key players in the market include 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."
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.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
