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By 2023, the micro irrigation system industry had grown to a value of $599.22M. From 2024 to 2030, the micro irrigation system industry is expected to expand from 633.75 million USD in 2024 to 937.26 million USD in 2030, with a CAGR (compound annual growth rate) of 7.75%. Key market drivers promoting the growth of the micro irrigation system market include an increase in the production of greenhouse vegetables, the application of artificial intelligence in these systems, and the need for improved yields.
Micro irrigation systems are becoming increasingly popular in water-scarce regions of industrialized nations, which should boost market growth over the forecast period. There has been a dramatic surge in the demand for micro irrigation systems as a means to boost crop yields while reducing water consumption. Micro irrigation systems are being encouraged by the governments of many nations through financial incentives for farmers. As an example, the Per Drop More Crop program in India offers financial aid to marginal farmers at 55% of the suggested cost unit and to other farmers at 45%. These programs are designed to boost market growth.
Micro irrigation systems are not widely used because of the high initial investment and ongoing maintenance costs. The cost of micro irrigation systems is far higher than what small farmers in developing regions can afford, mainly because of the recent spikes in gas costs and other market prices. The expansion of the micro irrigation systems market is anticipated to be impeded by this. The market for micro irrigation systems is anticipated to experience growth due to the increasing adoption of innovative farming technologies. Another factor that could drive the expansion of the micro irrigation systems market is the rising demand for sprinklers, which are useful for dispersing water over a wide area.
Growing plants in controlled environments, such as greenhouses, is a viable option for addressing yield challenges.Greenhouses are becoming more popular among farmers since they allow for continuous harvesting throughout the year. Micro irrigation systems are widely used in greenhouses across the nation. The majority of greenhouses employ a drip irrigation system for micro irrigation. Additionally, greenhouse income has grown in recent years. For example, by 2021, sales of greenhouses, nurseries, field cut flowers, and sod had climbed 7.5% to 4.7 billion USD, as reported by Statistics Canada. Not only is greenhouse income on the rise, but so is the micro irrigation systems market.
Also, most greenhouses are devoted to growing tomatoes, flowers, capsicums, and leafy greens. Various state and federal agencies are providing financial support for greenhouses and micro irrigation systems across the nation. For example, in the 2021 budget, the Indian government plans to irrigate 100 lakh hectares with micro-irrigation within five years. In 2019 and 2020, a comparable amount of farmers were helped by drip and sprinkler irrigation systems. This has led to a rise in the micro irrigation systems market as a consequence of state governments subsidizing the industry and investing in technology to improve the efficiency and effectiveness of these products.
Drip and sprinkler systems are the two main categories that make up the micro irrigation system market. In the micro irrigation system market, the drip irrigation system segment was the most lucrative, accounting for almost 60% of the total revenue in 2021. Drip irrigation is also becoming more popular among farmers who cultivate field crops because of how precisely it can be applied. A rise in the price of field crops, a decline in water consumption, and the implementation of environmentally friendly irrigation practices all contribute to the growth of the drip irrigation industry. Also, as the population grows, so does the need for food, which in turn drives up the price of drip irrigation systems. Boost market demand for micro irrigation systems in the end.
Report Coverage
Global Micro Irrigation System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Micro Irrigation System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Micro Irrigation System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Micro Irrigation System market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Micro Irrigation System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Micro Irrigation System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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. Ltd. (China), and Rivulis Irrigation Ltd (Israel)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Micro Irrigation System market based on the below-mentioned segments:
Global Micro Irrigation System Market, By Type
Drip Irrigation
Sprinkler Irrigation
Global Micro Irrigation System market, By Crop Type
Plantation Crop
Field Crop
Landscape
Others
Global Micro Irrigation System market, Regional Analysis
Micro irrigation systems are becoming increasingly popular in water-scarce regions of industrialized nations, which should boost market growth over the forecast period. There has been a dramatic surge in the demand for micro irrigation systems as a means to boost crop yields while reducing water consumption. Micro irrigation systems are being encouraged by the governments of many nations through financial incentives for farmers. As an example, the Per Drop More Crop program in India offers financial aid to marginal farmers at 55% of the suggested cost unit and to other farmers at 45%. These programs are designed to boost market growth.
Micro irrigation systems are not widely used because of the high initial investment and ongoing maintenance costs. The cost of micro irrigation systems is far higher than what small farmers in developing regions can afford, mainly because of the recent spikes in gas costs and other market prices. The expansion of the micro irrigation systems market is anticipated to be impeded by this. The market for micro irrigation systems is anticipated to experience growth due to the increasing adoption of innovative farming technologies. Another factor that could drive the expansion of the micro irrigation systems market is the rising demand for sprinklers, which are useful for dispersing water over a wide area.
Growing plants in controlled environments, such as greenhouses, is a viable option for addressing yield challenges.Greenhouses are becoming more popular among farmers since they allow for continuous harvesting throughout the year. Micro irrigation systems are widely used in greenhouses across the nation. The majority of greenhouses employ a drip irrigation system for micro irrigation. Additionally, greenhouse income has grown in recent years. For example, by 2021, sales of greenhouses, nurseries, field cut flowers, and sod had climbed 7.5% to 4.7 billion USD, as reported by Statistics Canada. Not only is greenhouse income on the rise, but so is the micro irrigation systems market.
Also, most greenhouses are devoted to growing tomatoes, flowers, capsicums, and leafy greens. Various state and federal agencies are providing financial support for greenhouses and micro irrigation systems across the nation. For example, in the 2021 budget, the Indian government plans to irrigate 100 lakh hectares with micro-irrigation within five years. In 2019 and 2020, a comparable amount of farmers were helped by drip and sprinkler irrigation systems. This has led to a rise in the micro irrigation systems market as a consequence of state governments subsidizing the industry and investing in technology to improve the efficiency and effectiveness of these products.
Drip and sprinkler systems are the two main categories that make up the micro irrigation system market. In the micro irrigation system market, the drip irrigation system segment was the most lucrative, accounting for almost 60% of the total revenue in 2021. Drip irrigation is also becoming more popular among farmers who cultivate field crops because of how precisely it can be applied. A rise in the price of field crops, a decline in water consumption, and the implementation of environmentally friendly irrigation practices all contribute to the growth of the drip irrigation industry. Also, as the population grows, so does the need for food, which in turn drives up the price of drip irrigation systems. Boost market demand for micro irrigation systems in the end.
Report Coverage
Global Micro Irrigation System research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Micro Irrigation System report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Micro Irrigation System competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Micro Irrigation System market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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. Ltd. (China), and Rivulis Irrigation Ltd (Israel) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Micro Irrigation System Market from 2021 to 2031.
- Market Forecast for Micro Irrigation System Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Micro Irrigation System competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Micro Irrigation System
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Micro Irrigation System market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Micro Irrigation System market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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. Ltd. (China), and Rivulis Irrigation Ltd (Israel)
Primary Target Market
- Market Players of Micro Irrigation System
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Micro Irrigation System market based on the below-mentioned segments:
Global Micro Irrigation System Market, By Type
Drip Irrigation
Sprinkler Irrigation
Global Micro Irrigation System market, By Crop Type
Plantation Crop
Field Crop
Landscape
Others
Global Micro Irrigation System market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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