Irrigation Equipment Market by Component (Tubing, Sprinklers, Emitter, Drippers, Pumping, Filters, Connectors, Sensors, Regulators), Irrigation Type (Drip, Sprinkler, Pivot Irrigation), Application (Agricultural, Non-agricultural) - Global Forecast to 2031

The growth of the irrigation equipment market is driven by increasing water scarcity, government initiatives for water conservation, and the growing need to mechanize agricultural operations. However, the high costs of implementing and maintaining advanced agricultural irrigation equipment restrain the growth of this market.

Furthermore, technological advancements in irrigation equipment and increasing automation in irrigation systems are expected to generate growth opportunities for the stakeholders in this market. However, the lack of awareness regarding advanced irrigation technologies is a major challenge impacting the market’s growth.

Additionally, the increasing adoption of precision farming techniques and the emergence of Irrigation as a Service (IaaS) are prominent trends in the irrigation equipment market.

The report includes a competitive landscape based on an extensive assessment of the key strategic developments of leading market participants during the last 3-4 years. The key players profiled in the irrigation equipment market research report are The Toro Company (U.S.), Jain Irrigation Systems Limited (India), Netafim Ltd. (Israel), Valmont Industries, Inc. (U.S.), Lindsay Corporation (U.S.), Hunter Industries Inc (U.S.), Rain Bird Corporation (U.S.), T-L Irrigation Company (U.S.), Reinke Manufacturing Co., Inc. (U.S.), Rivulis Irrigation Ltd. (Israel), Nelson Irrigation Corporation (U.S.), Irritec S.p.A (Italy), Chinadrip Irrigation Equipment (Xiamen) Co., Ltd. (China), and Galcon Bakarim Agricultural Cooperative Society Ltd. (Israel).

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Water is essential for food security, as its scarcity has a significant impact on food production. Freshwater resources are dwindling at an alarming rate. Increasing water scarcity is now one of the major challenges in sustainable development due to the growing global population, improving living standards, changing diets, and the effects of climate change. According to the International Water Management Institute, agriculture, which accounts for about 70% of global water withdrawals, constantly competes with domestic, industrial, and environmental uses for adequate water supply.

Agricultural water scarcity is a pressing issue, particularly in Latin American countries. According to UNESCO, agricultural water usage in Latin America and the Caribbean accounts for 74% of the region’s total water withdrawal, positioning agriculture as the economic activity with the highest water consumption in the region. Moreover, in Latin America and the Caribbean, 50%–70% of the water extracted for agriculture gets wasted due to evaporation and leaks, among other reasons. Furthermore, it is anticipated that the water scarcity problem in the region’s agriculture sector will increase with population growth, urbanization, and industrialization. In light of these factors, several governments in Latin America are undertaking initiatives to promote the sustainable use of water in agriculture. These factors are driving the demand for irrigation equipment in the region.

The agriculture sector is a major consumer of freshwater in Southeast Asia. Additionally, governments in several Southeast Asian countries are incentivizing the adoption of irrigation equipment to promote sustainable farming practices and conserve water resources. In Indonesia, rapid industrialization and urbanization have increased the demand for water, leaving farmers with limited access to water for irrigation. This has resulted in decreased agricultural productivity and a growing reliance on imported food. Moreover, the demand for irrigation in Java, Southeast Sumatra, South Sulawesi, Bali, and West Nusa Tenggara is high as these areas lack freshwater resources. Java is a significant water stress area, with more than half of the country’s population and only 10% of the country’s water supplies. Almost 10% of Indonesia is expected to experience a water crisis by 2045. Considering these water scarcity challenges, in 2023, the Ministry of National Development Planning (BAPPENAS) collaborated with the United Nations Food and Agriculture Organization (FAO) to implement the Water Scarcity Program in Indonesia. These factors are driving the demand for irrigation equipment in the country.

Thus, increasing water scarcity is driving the growth of the irrigation equipment market globally.

The Tubing Segment Expected to Dominate the Irrigation Equipment Market in 2024

Based on component, the irrigation equipment market is segmented into tubing, emitter/drippers, irrigation valves, filters, sprinklers, irrigation controllers, sensors, pumping, connectors, pressure regulators, monitoring & controlling devices, and other components. In 2024, the tubing segment is expected to account for the largest share of the global irrigation equipment market. The large market share of this segment is mainly driven by the growing adoption of drip and sprinkler irrigation techniques, favorable government initiatives, continuous innovation in tubing technology, and the lack of viable substitutes for tubing in irrigation systems. Moreover, this segment is also projected to register the highest CAGR during the forecast period of 2024–2031.

The Drip Irrigation Segment Expected to Dominate the Irrigation Equipment Market in 2024

Based on irrigation type, the irrigation equipment market is mainly segmented into drip irrigation, sprinkler irrigation, pivot irrigation, and other irrigation types. In 2024, the drip irrigation segment is expected to account for the largest share of the global irrigation equipment market. The segment’s large market share is attributed to several factors, including technological advances in drip irrigation systems, rising adoption of advanced agricultural practices, and increasing product launches by key market players. Moreover, this segment is also projected to register the highest CAGR during the forecast period of 2024–2031.

The Agricultural Irrigation Equipment Segment Expected to Dominate the Irrigation Equipment Market in 2024

Based on application, the global irrigation equipment market is primarily segmented into agricultural irrigation equipment and non-agricultural irrigation equipment. In 2024, the agricultural irrigation equipment segment is expected to account for the largest share of the global irrigation equipment market. The segment’s large market share can be attributed to the increasing land area under crop cultivation, the rising adoption of advanced irrigation techniques in farming, growing water scarcity in the agriculture sector, and the presence of a large number of agricultural irrigation equipment suppliers. Moreover, advancements in agricultural technologies and increasing government initiatives promoting sustainable agricultural practices are further expected to support the growth of this segment during the forecast period. Moreover, this segment is also projected to register the highest CAGR during the forecast period of 2024– 2031.

Asia-Pacific is Expected to Dominate the Overall Irrigation Equipment Market, While North America is Projected to Lead in Growth

Based on geography, the irrigation equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the irrigation equipment market. Asia-Pacific's large market share is attributed to the rising inclination towards mechanization and precision irrigation, government initiatives aimed at conserving water, increasing water scarcity, and the rising per capita incomes of farmers in the region. Furthermore, the availability of loans and subsidies for purchasing irrigation equipment drives the growth of this regional market.

However, North America is slated to register the highest CAGR during the forecast period 2024–2031. The region's high growth is mainly driven by the increasing adoption of autonomous and precision irrigation solutions, advancements in technology, and the integration of global positioning systems (GPS) into irrigation equipment.