Micro Irrigation System Market Is Growing at USD 937.16 Million By 2030, CAGR Of ~5.75% By 2022 To 2030 With Top Key Players
Research Reports
Jul 17, 2023
Micro Irrigation System Market Research Future Insights
Micro Irrigation System Market Size Was Valued At USD 599.2 Million In 2021. The Micro Irrigation System Industry Is Projected To Grow From USD 633.65 Million In 2022 To USD 937.16 Million By 2030, Exhibiting A Compound Annual Growth Rate (CAGR) Of 5.75% During The Forecast Period (2022 – 2030).
The micro irrigation system market refers to the industry involved in the production, distribution, and installation of irrigation systems that deliver water directly to the roots of plants, minimizing water wastage and maximizing efficiency. Micro irrigation systems include drip irrigation and sprinkler irrigation technologies that provide precise and controlled water application to crops.
The COVID-19 pandemic has had mixed effects on the micro irrigation system market. On one hand, the pandemic highlighted the importance of ensuring food security and sustainable agriculture, leading to increased investments in agricultural technologies, including micro irrigation systems. Governments and farmers recognized the need for efficient water management and improved productivity, which drove the demand for these systems. On the other hand, the pandemic disrupted supply chains, causing delays in the production and delivery of micro irrigation systems.
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Key Players
Some of the market key players are Netafim Limited (Israel), The Toro Company (US), Metro Irrigation (India), Lindsay Corporation (US), PC Industries (India), Irritec (US), Nelson Irrigation Corporation (US), Rain Bird Corporation (US), Microjet Irrigation Systems (South Africa), T-L Irrigation (US), Hunter Industries (US), Chinadrip Irrigation Equipment Co.
Market Segmentation
The Global Micro irrigation system market has been segmented into type and Crop Type
Based on Type: Drip Irrigation and Sprinkler Irrigation
Based on Crop Type: Plantation Crop, Field Crop, Landscape and Others
Regional Analysis
The North American micro irrigation system market is well-developed, driven by the need for water conservation and sustainable agriculture practices. The United States is a major contributor to the market, with the adoption of advanced irrigation technologies in regions facing water scarcity. Europe has a significant market for micro irrigation systems, driven by the focus on efficient water management and environmental sustainability.
Countries like Spain, Italy, and the Netherlands are leading the market due to their extensive agriculture sector and favorable government policies. The Asia Pacific region holds a substantial market share due to the large agricultural industry and the need for efficient irrigation solutions. Countries like India, China, and Australia are the major contributors, with increasing adoption of micro irrigation systems in both large-scale and small-scale farming.
The micro irrigation system market in Latin America is growing steadily, driven by the need to address water scarcity and improve crop yields. Countries like Brazil, Mexico, and Argentina are witnessing increased adoption of these systems, supported by government initiatives and investments in agriculture. This region faces significant water scarcity challenges, making micro irrigation systems crucial for agricultural productivity. Countries like Israel, Saudi Arabia, and South Africa are leading the adoption of these systems, supported by advanced technologies and government incentives.
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