The of the global micro-irrigation systems market was USD 9.70 billion in 2021 and is expected to register a revenue CAGR of 9.4% during the forecast period, according to the latest analysis from Emergen Research. Technological advancements in micro-irrigation systems and the launch of advanced systems that help save water are some of the key factors expected to drive the market revenue growth between 2021 and 2030.
Farmers are increasingly aware of the benefits of micro-sprinkler irrigation and moving away from flooding. irrigation to micro-sprinkler systems. Additionally, farmers are turning to micro-irrigation as traditional irrigation technologies have various drawbacks including wastage of water, difficulty in irrigating mountainous terrain, and uneven water distribution, among others. Additionally, micro-irrigation can also increase yields while reducing costs associated with water, fertilizer, and labor.
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Additionally, manufacturers are launching innovative products, which is expected to drive the market revenue growth. On August 31, 2019, for example, Rivulis Irrigation India, part of global micro-irrigation company Rivulis Israel, launched Manna, which is a satellite-based software solution for irrigation in the country.
The report also discusses key players involved in the market, such as Jain Irrigation Systems Ltd., Netafim, The Toro Company, Nelson Irrigation, TL Irrigation, Microjet, JSS Irrigation, Valmont Industries, Inc., Rivulis, Reinke Manufacturing Co., Inc., Hunter Industries and Irritec SpA as well as new market entrants. The competitive analysis also includes a regional analysis of major geographic regions. The report covers regions such as North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
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Open-field cultivation allows for cultivation over large areas and is also cost-effective. Additionally, open-field crop production allows crops to grow naturally where the roots are well adapted, under the appropriate climatic conditions and during the appropriate seasons.
The drip irrigation systems segment is expected to register a rapid revenue CAGR during the forecast period. This system is generally used in arid and semi-arid regions with water shortage because it has better water and fertilizer saving rate. It allows the application of water directly to plant roots, reducing overwatering, runoff and evaporation. This has increased the demand for drip irrigation systems and driven the revenue growth of this segment.
The North American market accounted for the largest share of revenue in 2021. This can be attributed to the increase in government funding for conducting R&D activities on drip irrigation technologies, which is also expected to contribute to market revenue growth. For example, the Israeli company Netafim has exported drip technology to several small businesses in water-scarce regions of Paraguay.
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Emergen Research has segmented the global micro-irrigation systems market on the basis of mechanism, component, cultivation technology, cultivation type, application, and region:
Mechanism Outlook (Revenue, USD billion; 2019-2030)
Sprinkler Irrigation System
Components Outlook (Revenue, USD Billion; 2019-2030)
drip irrigation components
Valves and filters
Cultivation Technology Outlook (Revenue, USD Billion; 2019-2030)
Crop Type Outlook (Revenue, USD Billion; 2019-2030)
Orchards and vineyards
Application Outlook (Revenue, USD Billion; 2019-2030)
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Summary of key points from the report:
The report offers a comprehensive overview of the market size, share, and growth rate over the forecast duration.
It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.
The study categorizes the market based on product types, applications, end users, market value and volume, industry verticals, and 5 major regions.
It also offers regional market analysis and forecasts for the major geographies of the industry i.e. North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. .
Industry supply chain, sourcing strategy, upstream raw materials and downstream demand analysis have also been undertaken in the research report.
The study offers a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and overall market mapping.
The report uses different analytical tools including SWOT analysis, Porter’s five forces analysis, and price analysis to provide accurate market insights.
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