Global Micro Irrigation Systems Market

Description

Market Overview

The global micro irrigation systems market reached US$ 10,896.9 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 28,953.4 million by 2030. The market is expected to exhibit a CAGR of 13.1% during the forecast period (2023-2030).

Micro irrigation systems reduce water waste and soil erosion, and increase crop yields without excessive water. Moreover, technological developments in data analytics will encourage adoption among small-scale farmers and larger corporate farming operations. Compared to the traditional surface watering system, the micro irrigation system is more efficient at conserving water and using it more effectively.

Market Dynamics

Increase in greenhouse adoption driving the micro irrigation market growth

Greenhouses are mostly equipped with micro irrigation systems in which drip irrigation is the most common method. Many state governments in the country are giving subsidies for the construction of greenhouses. In greenhouses, various types of micro irrigation techniques are used for irrigation such as drip irrigation systems, sprinkler irrigation systems, bubbler irrigation, and sub-surface irrigation. These irrigation techniques are used to increase the annual production of the crops and provide effective irrigation to the crAn increaserease in government subsidies for greenhouses also helps to increase the number of greenhouses across the world. As greenhouse adoption increases, the demand for micro irrigation systems also increase.

High product and maintenance cost of micro irrigation systems hamper the market growth

For any micro irrigation system, energy cost plays a major market growth criterion and reduction in energy saving is a major hurdle in the micro irrigation system as with increment in energy saving, the cost of the product increases. Irrigating with a sprinkler system, which needs a water pressure of 60 psi, costs about US$ 223 or US$ 44.60 per acre in energy expenditures. Irrigating an acre with a drip irrigation system costs about US$ 53, or US$ 10.60, with a water pressure of 10 psi, saving 76%. High maintenance, energy, and logistics costs of micro irrigation systems hamper the market growth.

COVID-19 Impact Analysis

The COVID-19 pandemic negatively impacted the market. One of the key players in the micro irrigation systems market, Valmont Industries reported a decrease in its net sales in the second quarter that ended June 27, 2020. Net sales of US$ 688.8 million declined by 1.7%. Under the irrigation segment of the company, global sales of US$ 150.6 million decreased by 3.0%. The COVID-19 affected the agriculture sector in developing countries. Greek drip irrigation manufacturers faced a reduction in production by 30% during COVID-19. The manufacturers got only export orders and they are facing a 35% drop in national orders. Global drip irrigation manufacturers who had a branch in Europe got 5-10% fewer orders according to their expectations. They received orders from the distributors but 20% less than their forecast. All the irrigation equipment manufacturers agreed that there is a 20-50% decline in their normal turnover.

Segment Analysis

The global micro irrigation system market is segmented based on component, application, type, cultivation technology, end-user and region.

An increase in innovative product launches boost the growth of the emitters/drippers segment

Micro irrigation systems is segmented by component as valves, pressure pumps, emitters/drippers, fitting & accessories, filters & fertilizers injectors, drip mainlines/drip tubes and others.

Emitters/drippers segment in the global micro irrigation systems market was valued at US$ 1,269.4 million in 2022 and is estimated to grow at a CAGR of 12.4% over the forecast period to reach a market value of US$ 3,223.7 million by 2030. An increase in the innovative product launches by major key players boost the segment growth. For instance, in October 2021, Netafim launched Streamline X ReGen and NetBow. The first dripline made with the highest caliber of recycled material to be introduced in Europe is Streamline X ReGen. As part of its global sustainability action plan, Netafim invested millions of dollars over the past ten years to add recycled materials to drip lines.

Geographical Analysis

Increasing need for saving irrigation water boost North America region market growth

By region, the global micro irrigation systems market is segmented into North America, South America, Europe, Asia-Pacific, Middle East and Africa.

The North America micro irrigation systems market was valued at US$ 2,814.5 million in 2022 and is likely to reach US$ 7,523.5 million by 2030, growing at a CAGR of 13.1% during 2023-2030. Many areas of the United States are highly irrigated and are regarded as having a water shortage. Farmers can use irrigation methods and water-saving techniques to better manage freshwater, a naturally scarce resource. Farmers in the region may also be able to prevent over-irrigation by using techniques like irrigation scheduling. According to the United States Environmental Protection Agency, farmers can save more than 25,000 gallons of water annually by installing a micro irrigation system as opposed to a conventional system.

Competitive Landscape

The major global players include: Jain Irrigation Systems Limited, Netafim Limited, Lindsay Corporation, The Toro Company, Deere & Company, Rivulis, Harvel Agua India Private Limited, Mahindra EPC, Nelson Irrigation Corporation, and Rain Bird Corporation.

Why Purchase the Report?

To visualize the global micro irrigation systems market segmentation based on component, application, type, cultivation technology, end user and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of micro irrigation systems market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global micro irrigation systems market report would provide approximately 77 tables, 82 figures and 195 pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

Product Code: AG2518

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Component
3.2. Snippet by Application
3.3. Snippet by Type
3.4. Snippet by Cultivation Technology
3.5. Snippet by End-User
3.6. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Increase in greenhouse adoption driving the micro irrigation market growth
- 4.1.2. Restraints
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Forces Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. Post COVID-19 or Future Scenario
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Component

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 7.1.2. Market Attractiveness Index, By Component
7.2. Valves*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Pressure Pumps
7.4. Emitters/drippers
7.5. Fitting & accessories
7.6. Filters & fertilizers injectors
7.7. Drip mainlines/drip tubes
7.8. Others

8. By Application

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
8.2. Field Crops*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Orchards & Vineyards
8.4. Plantation Crops
8.5. Others

9. By Type

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.1.2. Market Attractiveness Index, By Type
9.2. Drip Irrigation System*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Sprinkle Irrigation System
9.4. Other Micro-irrigation Systems

10. By Cultivation Technology

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Cultivation Technology
- 10.1.2. Market Attractiveness Index, By Cultivation Technology
10.2. Open Field*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Protected Cultivation

11. By End-User

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.1.2. Market Attractiveness Index, By End-User
11.2. Small Farmers*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
11.3. Large Private & Corporate Farms
11.4. Government

12. By Region

12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 12.1.2. Market Attractiveness Index, By Region
12.2. North America
- 12.2.1. Introduction
- 12.2.2. Key Region-Specific Dynamics
- 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Cultivation Technology
- 12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 12.2.8.1. The U.S.
  - 12.2.8.2. Canada
  - 12.2.8.3. Mexico
12.3. Europe
- 12.3.1. Introduction
- 12.3.2. Key Region-Specific Dynamics
- 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Cultivation Technology
- 12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 12.3.8.1. Germany
  - 12.3.8.2. The U.K.
  - 12.3.8.3. France
  - 12.3.8.4. Italy
  - 12.3.8.5. Spain
  - 12.3.8.6. Rest of Europe
12.4. South America
- 12.4.1. Introduction
- 12.4.2. Key Region-Specific Dynamics
- 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Cultivation Technology
- 12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 12.4.8.1. Brazil
  - 12.4.8.2. Argentina
  - 12.4.8.3. Rest of South America
12.5. Asia-Pacific
12.6. Introduction
12.7. Key Region-Specific Dynamics
12.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
12.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
12.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
12.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Cultivation Technology
12.12. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
12.13. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
12.14. Middle East and Africa
- 12.14.1. Introduction
- 12.14.2. Key Region-Specific Dynamics
- 12.14.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
- 12.14.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.14.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.14.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Cultivation Technology
- 12.14.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

13. Competitive Landscape

13.1. Competitive Scenario
13.2. Market Positioning/Share Analysis
13.3. Mergers and Acquisitions Analysis

14. Company Profiles

14.1. Jain Irrigation Systems Limited*
- 14.1.1. Company Overview
- 14.1.2. Grade Portfolio and Description
- 14.1.3. Financial Overview
- 14.1.4. Key Developments
14.2. Netafim Limited
14.3. Lindsay Corporation
14.4. The Toro Company
14.5. Deere & Company
14.6. Rivulis
14.7. Harvel Agua India Private Limited
14.8. Mahindra EPC
14.9. Nelson Irrigation Corporation
14.10. Rain Bird Corporation

LIST NOT EXHAUSTIVE

15. Appendix

15.1. About Us and Services
15.2. Contact Us

Global Micro Irrigation Systems Market - 2023-2030