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Redding, California - May 16, 2023

Micro-irrigation Systems Market to be Worth $20.2 Billion by 2030

Micro-irrigation Systems Market by Type (Sprinkler, Drip, Spray), Offering (Hardware, Software, Services), Crop (Plantation, Orchard & Vineyards, Field), Application (Agriculture, Sports, Residential, Commercial), and Geography - Global Forecasts to 2030

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Micro-irrigation Systems Market by Type (Sprinkler, Drip, Spray), Offering (Hardware, Software, Services), Crop (Plantation, Orchard & Vineyards, Field), Application (Agriculture, Sports, Residential, Commercial), and Geography - Global Forecasts to 2030.’

According to this latest publication from Meticulous Research^®, the global micro-irrigation systems market is projected to reach $20.2 billion by 2030, at a CAGR of 8.6% from 2023 to 2030. The growth of this market is driven by the growing need to maximize crop yield, government initiatives for water conservation, and the increasing adoption of modern farming techniques. Additionally, the growing use of automation in irrigation systems and increasing support for irrigation projects are expected to create market growth opportunities. However, the high initial investments required to implement micro-irrigation systems restrain the growth of this market. Further, the lack of awareness regarding advanced irrigation technologies in developing countries is a major challenge for the players operating in this market.

Integration of artificial intelligence and IoT technologies into irrigation systems are technology trends in the market. Also, irrigation as a service (IaaS) is a market trend in this space.

The global micro-irrigation systems market is segmented by type, offering, method, crop type, and application. The study also evaluates industry competitors and analyzes the market at the region/country level.

Based on type, the global micro-irrigation systems market is broadly segmented into sprinkler irrigation, drip irrigation, spray irrigation, subsurface irrigation, and bubbler Irrigation. In 2023, the sprinkler irrigation segment is expected to account for the largest share of the global micro-irrigation systems market. The large market share of this segment is attributed to the increasing need for small sprinklers or sprayers to distribute water in a controlled manner, improve water-use efficiency, and achieve higher crop yields by delivering water and nutrients directly to the plants’ roots.

However, the drip irrigation segment is projected to register the highest CAGR during the forecast period due to the surging need for a cost-effective and sustainable solution to improve crop yields while conserving water resources, the increasing use of drip irrigation in row crops, orchards & vineyards, lawns and gardens with varying water requirements, and the need to maintain soil moisture levels in between rows.

Based on offering, the global micro-irrigation systems market is broadly segmented into hardware, software, and services. In 2023, the hardware segment is expected to account for the largest share of the global micro-irrigation systems market. The large market share is attributed to the increasing use of polyethylene tubing to connect the micro-irrigation system's components and the surging use of valves, sprays and sprinklers over a larger area to manage the water supply efficiently and drippers in orchards & vineyards, and vegetable gardens. This segment is also projected to register the highest CAGR during the forecast period due to the increasing need for a more efficient and precise way to deliver water to crops and reduce water waste, conserve water resources and manual labor at the same time.

Based on method, the global micro-irrigation systems market is broadly segmented into smart micro-irrigation and traditional micro-irrigation. In 2023, the traditional micro-irrigation segment is expected to account for the largest share of the global micro-irrigation systems market. The large market share of this segment is attributed to its easy installation and maintenance compared to smart micro-irrigation and the need to grow a range of crops with limited resources or technical expertise. Also, the traditional method is relatively inexpensive compared to smart irrigation methods, which makes it a popular choice for small-scale farmers and growers.

However, the smart micro-irrigation segment is projected to register the highest CAGR during the forecast period due to the increasing need for real-time data on soil moisture levels, weather conditions, and crop water requirements to optimize water use and increase crop yields, improve water-use efficiency, and provide a precise amount of water and fertilizer needed.

Based on crop type, the global micro-irrigation systems market is broadly segmented into plantation crops, orchard crops & vineyards, field crops, grasslands & grazelands, and other crops. In 2023, the field crops segment is expected to account for the largest share of the global micro-irrigation systems market. The large market share of this segment is attributed to the increasing need for irrigating field crops for efficient and precise water and nutrient delivery and the growing need to improve crop yields and reduce water waste and fertilizer runoff.

However, the orchard crops & vineyards segment is projected to register the highest CAGR during the forecast period due to the growing use of drip irrigation for orchard crops & vineyards with high water requirements and subsurface irrigation for reducing water loss due to evaporation and runoff and the increasing need to apply nutrients directly to the root zone of the plants.

Based on application, the global micro-irrigation systems market is broadly segmented into agriculture, golf & sports ground, residential, commercial, and other applications. In 2023, the agriculture segment is expected to account for the largest share of the global micro-irrigation systems market. The large market share of this segment is attributed to the adoption of micro-irrigation systems in agriculture to improve crop yields, reduce the need for manual labor and improve water-use efficiency. This segment is also projected to register the highest CAGR during the forecast period due to the increasing need to deliver water directly to the plant’s root zones through emitters or drippers while minimizing water waste. Further, the need to reduce the amount of water and fertilizer needed in crops to control environmental impact and improve sustainability is also expected to contribute to the growth of this segment.

Based on geography, the global micro-irrigation systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global micro-irrigation systems market, followed by Europe and North America. The region is also expected to witness rapid growth during the forecast period. The large market share of Asia-Pacific is mainly attributed to the increasing technological advancements in irrigation systems and government initiatives to conserve water, increase crop yields and optimize plant growth. Factors such as the increasing need for a more sustainable way to irrigate crops and reduce water waste, rising environmental concerns, including soil degradation, and increasing water scarcity support the growth of this market.

Key Players:

The key players operating in the micro-irrigation systems market are Valmont Industries, Inc. (U.S.), The Toro Company (U.S.), Jain Irrigation Systems Ltd. (India), T-L Irrigation (U.S.), Rivulis Irrigation Ltd. (Israel), Reinke Manufacturing Co., Inc. (U.S.), Rain Bird Corporation (U.S.), Netafim Limited (Israel), Nelson Irrigation Corporation (U.S.), Lindsay Corporation (U.S.), Hunter Industries, Inc. (U.S.), Antelco Pty Ltd (Australia), Elgo Irrigation Ltd. (Israel), Harvel Agua India Private Limited (India), and Irritec S.p.A (U.S.).

Download Free Sample Report Here : https://www.meticulousresearch.com/download-sample-report/cp_id=4970

Key questions answered in the report-

Which are the high-growth market segments based on type, offering, method, crop type, application, and geography?
What was the historical market for micro-irrigation systems market?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, opportunities, and challenges in the micro-irrigation systems market?
Who are the major players, and what shares do they hold in the micro-irrigation systems market?
How is the competitive landscape in the micro-irrigation systems market?
What are the recent developments in the micro-irrigation systems market?
What are the different strategies adopted by the major players in the micro-irrigation systems market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global micro-irrigation systems market, and how do they compete with the other players?

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Redding, California - May 16, 2023

Micro-irrigation Systems Market to be Worth $20.2 Billion by 2030

Micro-irrigation Systems Market by Type (Sprinkler, Drip, Spray), Offering (Hardware, Software, Services), Crop (Plantation, Orchard & Vineyards, Field), Application (Agriculture, Sports, Residential, Commercial), and Geography - Global Forecasts to 2030

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