MICRO IRRIGATION SYSTEMS MARKET

GMI Research analysis indicates that the Micro Irrigation Systems Market size was estimated at USD 12.8 billion in 2023 and is slated to register a double digit CAGR of 10.4% over the period 2024-2031 and is projected to reach USD 28.2 billion in 2031.

To have an edge over the competition by knowing the market dynamics and current trends of “Micro Irrigation Systems Market”, request for Sample Report here

Important Micro Irrigation Systems Market Drivers

Micro Irrigation Systems Market is primarily driven by rapid decline in water reserves and resources, growing demand for food, increasing concerns related to climate change on crop’s growth. Governments in many countries are promoting Micro-Irrigation systems by providing incentives to farmers. For instance, the Indian government offers assistance at 55% of indicative cost unit to small and marginal farmers and 45% to other farmers under the Per Drop More Crop scheme, encouraging them to install drip and sprinkler irrigation systems, such schemes are expected to create growth opportunities for the Micro Irrigation Systems Market. Moreover, growing acceptance for irrigation techniques by commercial property owners and homeowners, rise in greenhouse vegetable production and increasing investments by major players on developing modern farming practices owing to higher returns on investments, are some of the additional factors supplementing the Micro Irrigation Systems Market.

Furthermore, increasing adoption of technologies such as Global Positioning System (GPS) and remote control in sprinkler and central pivot micro irrigation systems, is driving the growth of Micro-Irrigation Systems Market. In addition, innovative products launched by companies, emerging need for efficient irrigation techniques, and downward trend of flood irrigation techniques owing to its inability to irrigate uneven terrains are some of the additional factors supplementing the market growth. Netafim, launched its AlphaDisc filter, which helps in protecting irrigation systems against clogging caused by organic contaminants and allows farmers, to uniformly irrigate crops. Additionally, rising disposable incomes of consumers, massive increase in world’s population and emerging trend of urban gardening, are contributing towards the market growth. However, continuous maintenance required by Micro irrigation systems, is restricting the market growth.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Drip System segment is projected to hold the largest market share due to its increased adoption for the production for a range of crops

Drip irrigation systems are gaining traction in the Micro Irrigation Systems Market because it improves soil yield, maintains low soil moisture tension in the root zone, reduces the rate of salinization and helps in saving water. The sprinkler irrigation systems are adopted in countries, where row crops are in high demand.

Orchard and Vineyard crops segment is projected to dominate the market due to high density production of these crops.

Micro irrigation is considered as more efficient form of irrigation for vineyards because micro irrigation systems maintain optimum moisture at the plant root zone with minimal runoff and evaporation, which is propelling the segment’s growth.

Farmers segment is estimated to have the highest CAGR

Small and Medium farmers across Asia, Middle East, and Africa, are adopting are adopting micro-irrigation techniques because it helps them in conserving water and reduce energy cost, which is driving the segment’s growth.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Asia-Pacific is forecast to be the fastest growing market attributed to high dependence on agriculture sector.

Micro-Irrigation Systems Market in Asia-Pacific region is majorly driven by increasing demand for organic products, subsidies provided by Governments on the installation of micro irrigation systems, rising adoption of advanced irrigation systems such as drip and sprinkler irrigation for fertigation. In addition, growing concerns related to water scarcity, increasing adoption of advanced agricultural tools and high population growth rates, are further accelerating the market growth.

Micro irrigation systems are gaining popularity in the middle eastern region owing to hyper-arid climatic conditions, challenges related to food security, rising population growth rates which has pushed the development of agricultural sector, and increasing concerns related to water scarcity. Saudi Arabia is considered as one of the most-water scarce nation on Earth, and absolute water scarcity level in Saudi Arabia is estimated around 500 cubic metres per capita, which is pushing the Country to adopt sustainable water management practices, thus creating demand for micro irrigation systems. In addition, governments are focusing on adopting sustainable agricultural practices to provide citizens high-quality local food while maintaining water balance, which is contributing towards the market growth

Top Market Players

Major players operating in the Micro-Irrigation Systems Market are Rain Bird Corporation, Mahindra EPC Irrigation Ltd., Jain Irrigation Systems Ltd., Netafim, The Toro Company, Valmont Industries Inc., Hunter Industries, Rivulis Irrigation Ltd., T-L Irrigation Co., and Lindsay Corporation, among others.

Key Developments

• • In June 2022, Jain Irrigation Systems Ltd., merged its International Irrigation Business with Rivulis. Jain International Business will hold a stake of 22% in merged entity, this deal will reduce Jain Irrigation’s consolidated debt by approximately 45% i.e., INR 27 billion.
  • In May 2022, Netafim USA, announced to expand its manufacturing of FlexNet in Fresno, California. This expansion will enable the company to produce and deliver FlexNet across America more effectively and offer farmers more custom configuration options.
  • In January 2020, Lindsay Corporation, and a Farmers Edge, announced its plant to digitize 2 million irrigated acres of land, by integrating their digital platforms to provide fully connected crop management solutions to its dealers and growers. Their extended partnership will also focus on collaborating in the field of data science, machine learning and AI driven analytics to deliver precise water-based insights and predictive models.
  • In December 2020, Temasek acquired a major stake of 85% in Rivulis received full regulatory Temasek now owns approximately 85% of Rivulis. This acquisition was finalized after meeting Government authorizations and precedent conditions required by Share Purchase Agreement.

Segments covered in the Report

The Global Micro Irrigation Systems market has been segmented based on Type, Crops, End User, and Region. Based on the type, the global micro irrigation systems market has been segmented into Sprinkler System and Drip System. Based on Crops, the market has been segmented into Orchard and Vineyard crops, Plantation crops, Field crops, Forage & Grass and Others. On the basis of end user market is segmented into Farmers, Industrial users and Other end users (usage by government authority, community parks, and sports ground).

For detailed scope of the “Micro Irrigation Systems Market” report request a Sample Copy of the report

Market Segmentation

Global Micro Irrigation Systems Market by Type

• • Sprinkler System
  • Drip System

Global Micro Irrigation Systems Market by Crops

• • Orchard and Vineyard crops
  • Plantation crops
  • Field crops
  • Forage & Grass
  • Others

Global Micro Irrigation Systems Market by End User

• • Farmers
  • Industrial users
  • Others

Global Micro Irrigation Systems Market by Region

• • North America Micro Irrigation Systems Market (Option 1: As a part of the free 25% customization)

• • • By Type
    • By Crops
    • By End User
    • United States of America (US) Market All-Up
    • Canada Market All-Up

• • Europe Micro Irrigation Systems Market (Option 2: As a part of the free 25% customization)

• • • By Type
    • By Crops
    • By End User
    • United Kingdom (UK) Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

• • Asia-Pacific Micro Irrigation Systems Market (Option 3: As a part of the free 25% customization)

• • • By Type
    • By Crops
    • By End User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

• • RoW Micro Irrigation Systems Market (Option 4: As a part of the free 25% customization)

• • • By Type
    • By Crops
    • By End User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Micro Irrigation System (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Jain Irrigation Systems Ltd.
  • Netafim
  • The Toro Company
  • T-L Irrigation Co.
  • Lindsay Corporation
  • Rain Bird Corporation
  • Mahindra EPC Irrigation Ltd.
  • Valmont Industries Inc.
  • Hunter Industries
  • Rivulis Irrigation Ltd.