PUBLISHER: Lucintel | PRODUCT CODE: 1416599
PUBLISHER: Lucintel | PRODUCT CODE: 1416599
Microirrigation Systems Trends and Forecast
The future of the global microirrigation systems market looks promising with opportunities in the farmer and industrial user markets. The global microirrigation systems market is expected to reach an estimated $20.9 billion by 2030 with a CAGR of 9.5% from 2024 to 2030. The major drivers for this market are development in hydraulics and drip irrigation systems, growing adoption of innovative farming methods, rapid growth in greenhouse vegetable production, as well as, rising preference for the use of AI in microirrigation systems.
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Microirrigation Systems by Segment
The study includes a forecast for the global microirrigation systems by crop type, type, end use, technology, and region
Microirrigation Systems Market by Crop Type [Shipment Analysis by Value from 2018 to 2030]:
Microirrigation Systems Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Microirrigation Systems Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
Microirrigation Systems Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Microirrigation Systems Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies microirrigation systems companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the microirrigation systems companies profiled in this report include-
Microirrigation Systems Market Insights
Lucintel forecast that drip is expected to witness highest growth over the forecast period because it includes using drips or dripper emitters to precisely and frequently water small amounts of plants, and these techniques aid in protecting the soil, increasing agricultural output, cultivating large areas of crops, and decreasing the pace of salinization.
Within this market, farmers will remain the largest segment because of the progress in agricultural productivity owing to the usage of microirrigation systems worldwide.
APAC will remain the largest region over the forecast period because of increasing use of sophisticated microirrigation systems, such as drip and micro-sprinkler irrigation for fertigation, increasing use of microirrigation systems by rural farmers, and rising demand for organic products.
Features of the Global Microirrigation Systems Market
Market Size Estimates: Microirrigation systems market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Microirrigation systems market size by crop type, type, end use, and region in terms of value ($B).
Regional Analysis: Microirrigation systems market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different crop type, type, end use, and regions for the microirrigation systems market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the microirrigation systems market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the microirrigation systems market size?
Answer: The global microirrigation systems market is expected to reach an estimated $20.9 billion by 2030.
Q.2 What is the growth forecast for microirrigation systems market?
Answer: The global microirrigation systems market is expected to grow with a CAGR of 9.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the microirrigation systems market?
Answer: The major drivers for this market are development in hydraulics and drip irrigation systems, growing adoption of innovative farming methods, rapid growth in greenhouse vegetable production, as well as, rising preference for the use of AI in microirrigation systems.
Q4. What are the major segments for microirrigation systems market?
Answer: The future of the global microirrigation systems market looks promising with opportunities in the farmer and industrial user markets.
Q5. Who are the key microirrigation systems market companies?
Answer: Some of the key microirrigation systems companies are as follows:
Q6. Which microirrigation systems market segment will be the largest in future?
Answer: Lucintel forecast that drip is expected to witness highest growth over the forecast period because it includes using drips or dripper emitters to precisely and frequently water small amounts of plants, and these techniques aid in protecting the soil, increasing agricultural output, cultivating large areas of crops, and decreasing the pace of salinization.
Q7. In microirrigation systems market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period because of increasing use of sophisticated microirrigation systems, such as drip and micro-sprinkler irrigation for fertigation, increasing use of microirrigation systems by rural farmers, and rising demand for organic products.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.