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Redding, California - October 25, 2023

South East Asia Agriculture Irrigation Equipment Market to Reach $91.2 Million by 2030

South East Asia Agriculture Irrigation Equipment Market by Type (Drip, Sprinkler, Furrow, Pivot Irrigation), Component (Tubing, Emitter, Sprinklers, Filter), Application (Open-field {Cereals & Grains, Fruits and Vegetables}, Closed-field) - Forecast to 2030

Meticulous Research^®—a leading global market research company, published a research report titled, ‘South East Asia Agriculture Irrigation Equipment Market by Type (Drip, Sprinkler, Furrow, Pivot Irrigation), Component (Tubing, Emitter, Sprinklers, Filter), Application (Open-field {Cereals & Grains, Fruits and Vegetables}, Closed-field) - Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the South East Asia agriculture irrigation equipment market is projected to reach $91.2 million by 2030, at a CAGR of 8.2% from 2023 to 2030. The growth of this market is driven by the increasing water scarcity in the region, the rising adoption of modern irrigation technologies to increase crop output, and rising government initiatives for sustainable water use. However, the high maintenance cost of irrigation equipment and high initial costs of advanced agriculture irrigation equipment hinder this market's growth.

Moreover, technological advancements in irrigation equipment and the rising automation of irrigation systems are expected to create market growth opportunities for the stakeholders operating in this market. However, low awareness of advanced agriculture irrigation technologies is a major challenge for the players in this market. Additionally, the increasing adoption of precision farming techniques is a leading trend in the South East Asia agriculture irrigation equipment market.

Key Players:

The South East Asia agriculture irrigation equipment market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the South East Asia agriculture irrigation equipment market are Netafim Ltd. (Israel), Nelson Irrigation Corporation (U.S.), Jain Irrigation Systems Limited (India), T-L Irrigation Company (U.S.), Valmont Industries, Inc. (U.S.), Rivulis Irrigation Ltd. (Israel), The Toro Company (U.S.), Rain Bird Corporation (U.S.), Galcon Bakarim Agricultural Cooperative Society Ltd. (Israel), and Chinadrip Irrigation Equipment (Xiamen) Co., Ltd. (China).

The South East Asia agriculture irrigation equipment market is segmented into type (drip irrigation equipment, sprinkler irrigation equipment, pivot irrigation equipment, furrow irrigation equipment, and terraced irrigation equipment), component (tubing, sprinklers head, emitter/drippers, irrigation valves, filters, irrigation controllers, and other components), application (open-field agriculture {cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops}, and closed-field agriculture), and country (Indonesia, Thailand, Vietnam, Philippines, Malaysia, and the Rest of South East Asia).

Based on type, the South East Asia agriculture irrigation equipment market is segmented into drip irrigation equipment, sprinkler irrigation equipment, pivot irrigation equipment, furrow irrigation equipment, and terraced irrigation equipment. The drip irrigation equipment segment is expected to account for the largest share of the South East Asia agriculture irrigation equipment market in 2023. The large market share of this segment is attributed to factors such as increasing awareness regarding micro irrigation systems containing drip irrigation, easy availability and accessibility of the drip irrigation systems and required spare parts, the presence of key providers of drip irrigation systems, growing adoption of drip irrigation in row and horticultural crops in the region, and rising government support to mitigate the impact of water scarcity in the region.

Based on component, the South East Asia agriculture irrigation equipment market is segmented into tubing, sprinklers head, emitter/drippers, irrigation valves, filters, irrigation controllers, and other components. In 2023, the tubing segment is expected to account for the largest share of the South East Asia agriculture irrigation equipment market. The large market share of this segment is attributed to the increasing adoption of drip and sprinkler irrigation techniques in the region, where tubing plays an important role as an essential component for delivering water directly to plant roots.

Based on application, the South East Asia agriculture irrigation equipment market is segmented into open-field agriculture and closed-field agriculture. In 2023, the open-field agriculture segment is expected to account for the larger share of the South East Asia agriculture irrigation equipment market. The large market share of this segment is attributed to the large area of crops under open-field agriculture, the rising demand for rice throughout the world, and the increasing government initiatives aimed at reducing water wastage through conventional irrigation methods to address water scarcity challenges in the region.

Geographic Review

In 2023, Indonesia is expected to account for the largest share of the South East Asia agriculture irrigation equipment market. Indonesia’s significant market share is attributed to the significant area under crop cultivation, increasing adoption of various irrigation systems due to the increasing water scarcity, rising government initiatives for water conservation, and increasing automation in the irrigation systems.

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Key Questions Answered in the Report-

What is the revenue generated by the sales of agriculture irrigation equipment in South East Asia?
At what rate is the demand for agriculture irrigation equipment projected to grow in South East Asia in the next 5-7 years?
What is the historical market size and growth rate for the South East Asia agriculture irrigation equipment market?
What are the major factors impacting the growth of this market in South East Asia?
What are the major opportunities for existing players and new entrants in the market?
Which type, component, and application segments are expected to create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which countries are expected to offer significant growth opportunities for the manufacturers operating in the South East Asia agriculture irrigation equipment market?
Who are the major players in the South East Asia agriculture irrigation equipment market? What are their specific product offerings in this market?
What recent developments have taken place in the South East Asia agriculture irrigation equipment market? What impact have these strategic developments created on the market?

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Redding, California - October 25, 2023

South East Asia Agriculture Irrigation Equipment Market to Reach $91.2 Million by 2030

South East Asia Agriculture Irrigation Equipment Market by Type (Drip, Sprinkler, Furrow, Pivot Irrigation), Component (Tubing, Emitter, Sprinklers, Filter), Application (Open-field {Cereals & Grains, Fruits and Vegetables}, Closed-field) - Forecast to 2030

Recommended Readings

Related Reports

South East Asia Agriculture Irrigation Equipment Market - Opportunity Analysis and Industry Forecast (2023-2030)

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Redding, California - October 25, 2023

South East Asia Agriculture Irrigation Equipment Market to Reach $91.2 Million by 2030

South East Asia Agriculture Irrigation Equipment Market by Type (Drip, Sprinkler, Furrow, Pivot Irrigation), Component (Tubing, Emitter, Sprinklers, Filter), Application (Open-field {Cereals & Grains, Fruits and Vegetables}, Closed-field) - Forecast to 2030

Recommended Readings

Related Reports

South East Asia Agriculture Irrigation Equipment Market - Opportunity Analysis and Industry Forecast (2023-2030)

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