Analysis of the Micro Irrigation System Market: Assessment of Market Size, Trends, Statistics, and Competitors
Global Micro Irrigation System Market by Product Type (Sprinkler Irrigation System, Drip Irrigation System, and Others), by Crop Type (Plantation Crops, Field Crops, Orchard Crops, Turfs and Ornamentals, and Others), by Application (Agriculture, Greenhouse, Nursery, Landscape, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Size, Share, COVID-19 Impact, Regional Analysis & Forecast Till 2030
Category - Agriculture
Report Code - OMR-A-133
Format: PDF, PPT, and Excel
Micro Irrigation System Market Overview
A micro-irrigation system is a cutting-edge technique for watering plants. Drippers, sprinklers, foggers, and other emitters apply water to the ground's surface or subsurface with this technique. The inexpensive initial investment and high efficiency of micro-irrigation systems have contributed to their recent popularity. Micro-irrigation has been accepted in dry locations, where it is used to irrigate high-value crops such as fruits, orchard trees, grapes, sugarcane, pineapples, strawberries, flowers, and vegetables. Farmers, manufacturers, and landscapers have all taken to micro-irrigation devices when it comes to applying water precisely. Micro-irrigation devices have gained widespread popularity even in sub-humid and humid zones, where water supplies are limited or water is expensive. Micro-irrigation is commonly utilized with ornamental plants in urban areas. To irrigate a larger area, it is now necessary to implement innovative irrigation techniques such as micro- and sprinkler-based systems, which use significantly less water while producing significantly more food. Water logging and secondary salinization in canal command regions, groundwater depletion, and water quality decline in well command areas are both halted by this approach. Water scarcity and the need to increase agricultural output have led many nations to prioritize research and development of micro irrigation. Major micro-irrigation drivers include growing greenhouse vegetable production and water shortages. Furthermore, it is anticipated that using these methods will enhance earnings each harvest.
Micro Irrigation System Market Growth Factors
Growing Government Initiatives for Promoting the Use of Micro-Irrigation Systems to Aid Market Growth
"Water conservation" refers to protecting, regulating, and efficiently employing our available water supplies. Water is a precious commodity, but the world's supply is limited and poorly distributed. Thus, water scarcity is one of the major challenges of the 21st century, as both developing and wealthy nations face water shortage issues due to rising populations, the demand for higher agricultural output, and shifting climates. Large irrigation water losses are predicted due to poor water management, inefficient irrigation methods and systems, a lack of adoption of contemporary irrigation techniques, and an inaccurate assessment of the required amount of water for the landscape. To encourage water conservation, governments are enacting rules on water consumption and providing subsidies and incentives to farmers to install water-efficient technologies like micro-irrigation systems. This reduces the out-of-pocket expense these systems have for farmers and makes them more widely available.
Rising Technological Advancements to Propel the Market Growth
The leading players in this industry are consistently refining their drip, sprinkler, and other types of equipment to make them more user-friendly and less expensive. The growing number of partnerships between firms like Netafim and Jain Irrigation and the governments of various nations to promote micro-irrigation is anticipated to be a major factor in driving market expansion. High government subsidies on the usage of micro irrigation systems are also expected to increase their popularity among farmers in both developed and developing countries.
Micro Irrigation System Industry Segment
Product Type
• Sprinkler Irrigation System
• Drip Irrigation System
• Others
Crop Type
• Plantation Crops
• Field Crops
• Orchard Crops
• Turfs and Ornamentals
• Others
Application
• Agriculture
• Greenhouse
• Nursery
• Landscape
• Others
Micro Irrigation System Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
Product Type Insights
Drip Irrigation Systems are Dominating as Companies are Focusing on Advancements in Micro Irrigation Systems
Based on product type, the micro-irrigation systems market can be differentiated between sprinkler irrigation systems, drip irrigation systems, and others.
The drip irrigation system market is anticipated to grow the fastest throughout the coming period. It is anticipated that these systems' market growth will be bolstered over the projection period by their suitability for the cultivation of food crops. Drip irrigation is a rapidly expanding market because of its low water usage and price. Sustainable irrigation practices are on the rise, boosting demand for drip systems.
The sprinkler irrigation system market sector is expected to be the second-largest segment during the anticipated time frame. Increased efficiency in water use can also be attributed to the rising popularity of sprinklers, which can move water over great distances. Automation in sprinkler systems, along with the added convenience, safety, and aesthetic value it provides, also contributes to the rising demand for these systems. The low production costs of the sprinkler are also anticipated to contribute to the market's growth during the forecast period.
Crop Type Insights
Field Crops to Accommodate the Largest Market Share Owing to Growing Demand for Grain & Cereals
Based on Crop Type, the market can be split between plantation crops, field crops, orchard crops, turfs and ornamentals, and others.
The micro-irrigation systems market is projected to be led by the field crops sector. The rising demand for irrigating field crops for efficient and accurate water and nutrient delivery and the rising demand to increase crop yields while decreasing water waste and fertilizer runoff are driving this market segment's substantial share.
Drip irrigation for water-hungry orchard crops and vineyards, subsurface irrigation to cut down on water lost to evaporation and runoff, and the rising need to apply nutrients directly into the root zone of plants are all factors that should drive the orchard crops segment to the highest CAGR throughout the forecast period.
Regional Insights
Asia Pacific to Dominate Global Sales Owing to Growing Adoption of Smart Farming
The market can be split based on region between North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The Asia-Pacific region currently accounts for a large portion of the market and is anticipated to expand at the highest rate. Market growth in Asia Pacific is anticipated to be aided by the region's increasing adoption of smart farming and innovative agricultural instruments in key crop-growing countries like China and India. Concerns about food security have been raised in light of the high population growth in Asia's rising economies. The governments of Asia's agricultural powerhouses are mobilizing to address this problem by urging farmers to switch to water-efficient irrigation methods. Governments in nations like China and India are heavily subsidizing modern micro-irrigation techniques like sprinklers and drip systems. In the Asia-Pacific region, China is a top producer of components for micro-irrigation systems. Components for micro-irrigation systems are among China's various exports. Its exports are projected to increase even further in the years ahead. Rainfed agriculture is also quite important in India. Micro-irrigation systems have the potential to boost agricultural output in India and lessen the country's reliance on rain-fed methods. Dripper and sprinkler irrigation systems dominate the Indian market. Due to rising water prices and concerns about supply, many farmers are switching to more advanced irrigation methods, such as drip and sprinkler systems.
North America is expected to have the fastest compound annual growth rate throughout the forecast period. Reliable micro-irrigation product developers like Nelson Irrigation Corporation, Lindsay Corporation, and Rain Bird Corporation are fueling the expansion in North America. Strong micro and mechanized irrigation systems in North America are being developed due largely to the presence of significant industrial players in the region.
During the forecast period, the market for micro irrigation systems in the Middle East and Africa is projected to increase at a considerable CAGR. Factors such as increased water scarcity, population growth, and food consumption drive the market forward. Government measures to increase water efficiency and agricultural output fuel the micro irrigation systems industry. For instance, the Saudi Arabian government has initiated various programs to expand the use of small-scale irrigation methods. Expanding the regional market for micro-irrigation systems is anticipated to benefit from these activities.
Micro Irrigation System Industry Analysis
A small number of companies control a large portion of the micro-irrigation systems market. The market is projected to expand by double digits in the coming years due to governments encouraging the widespread adoption of micro-irrigation systems to improve water conservation and efficiency. Most companies in this sector devote vast resources to R&D to develop cutting-edge and original products.
The company has much competition, and most companies are looking to Asia and Latin America for expansion. Manufacturers of micro-irrigation systems are increasingly forming strategic alliances with wireless solutions providers to advance their products.
Micro Irrigation System Market Recent Developments
• In June 2022, the International Irrigation Business of Jain Irrigation Systems Ltd. was acquired by Rivulis. The combined company will have a 22% share owned by Jain. The transaction will reduce approximately 45 percent, or INR 27 billion, of Jain Irrigation's combined debt.
• In August 2021, the Israeli Consulate General in Chennai will work with the United Planters' Association of Southern India (UPASI) and Jain Irrigation Systems to implement the Smart IoT Irrigation Project in the Tamil Nadu Tea Plantation. Israeli researchers have developed a novel method called smart Internet of Things (IoT) irrigation, which helps farmers increase their agricultural yields while using less water.
Global Micro Irrigation System Market Prominent Players
• Lindsay Corporation (U.S.)
• Jain Irrigation Systems Ltd. (India)
• Mahindra Agri (India)
• Nelson Irrigation (U.S.)
• Rain Bird Corporation (U.S.)
• T-L Irrigation (U.S.)
• Netafim (India)
• Rivulis. (Israel)
• Lucintel (U.S.)
• Toro Ag (Italy)
Frequently Asked Questions (FAQs)
At what rate will the Micro Irrigation System Market Expand?
Objective Market Research says the global Micro Irrigation System Market will increase at a CAGR of 10.8% during the forecast period.
What are the factors driving the global Micro Irrigation System market?
The global Micro Irrigation System market is likely to grow during the estimated period owing to rising government initiatives, technological advancements, and growing agricultural sector investments.
Which application segment accounted for the largest Micro Irrigation System market share?
The agriculture segment will likely dominate the largest market share during the forecast period owing to the growing population and rising government initiatives to support smart farming equipment.
What region holds the major share in the global market scape?
Asia Pacific will hold the market share due to the rising government initiatives and growing awareness regarding smart farming among emerging countries such as India, China, and Japan.
Which are the dominating players in the market during the forecast period?
Some of the prominent players in the global Micro Irrigation System market are Lindsay Corporation (U.S.), Jain Irrigation Systems Ltd. (India), Mahindra Agri (India), Nelson Irrigation (U.S.), Rain Bird Corporation (U.S.), T-L Irrigation (U.S.), Netafim (India), Rivulis. (Israel), Lucintel (U.S.), Toro Ag (Italy), and others.
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Table of Content
1. Introduction
1.1 Market Definition
1.2 Objective of the Study
1.3 Market Scope
1.4 Years Considered in the Study
1.4.1 Historic Year: 2019-2021
1.4.2 Base Year: 2022
1.4.3 Forecast Period: 2023-2030
1.5 Currency Used in the Study
1.6 Boundaries for the Study
1.7 Collaborators/Stakeholders/Benefactors
2. Research Methodology
2.1 Research Outline
2.2 Data Collection Methods
2.3 Data Sources
2.3.1 Secondary Sources
2.3.1.1 Paid Sources
2.3.1.2 Unpaid Sources
2.3.2 Primary Sources
2.4 Market Estimation Methodology
2.4.1 Top-Down Approach
2.4.2 Bottom-Up Approach
2.5 Data Triangulation
2.6 Assumptions of the Study
2.7 Limitations of the Study
3. Executive Summary
3.1 Market Outlook
3.2 Analysts Perspective
4. Market Overview
4.1 Market Dynamics
4.1.1 Drivers
4.1.1.1. Rising Water Scarcity
4.1.1.2. Growing Greenhouse Vegetable Production
4.1.2. Restrain
4.1.2.1. Higher Cost of Installation of Micro Irrigation Systems
4.1.3. Opportunities
4.1.3.1. Growing Government Initiatives
4.1.4. Impact of Market Dynamics
4.2. Impact of COVID-19 pandemic
4.3. Value Chain Analysis
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Buyers
4.4.2. Bargaining Power of Suppliers
4.4.3. Threat of Substitution
4.4.4. Threat of New Entrants
4.4.5. Competitive Rivalry
5. Global Micro Irrigation System Market Analysis & Forecast, by Product Type from 2019-2030 (in USD million) (Units)
5.1. Sprinkler Irrigation System
5.2. Drip Irrigation System
5.3. Others
6. Global Micro Irrigation System Market Analysis & Forecast, by Crop Type from 2019-2030 (in USD million) (Units)
6.1. Plantation Crops
6.2. Field Crops
6.3. Orchard Crops
6.4. Turfs and Ornamentals
6.5. Others
7. Global Micro Irrigation System Market Analysis & Forecast, by Application from 2019-2030 (in USD million) (Units)
7.1. Agriculture
7.2. Greenhouse
7.3. Nursery
7.4. Landscape
7.5. Others
8. Global Micro Irrigation System Market Analysis & Forecast, by Region from 2019-2030 (in USD million) (Units)
8.1. North America
8.1.1. North America Micro Irrigation System Market Analysis & Forecast, By Country
8.1.1.1. U.S.
8.1.1.2. Canada
8.1.1.3. Mexico
8.1.2. North America Micro Irrigation System Market Analysis & Forecast, By Product Type
8.1.3. North America Micro Irrigation System Market Analysis & Forecast, By Crop Type
8.1.4. North America Micro Irrigation System Market Analysis & Forecast, By Application
8.2. Europe
8.2.1. Europe Micro Irrigation System Market Analysis & Forecast, By Country
8.2.1.1. Germany
8.2.1.2. UK
8.2.1.3. France
8.2.1.4. Spain
8.2.1.5. Italy
8.2.1.6. Rest of Europe (RoE)
8.2.2. Europe Micro Irrigation System Market Analysis & Forecast, By Product Type
8.2.3. Europe Micro Irrigation System Market Analysis & Forecast, By Crop Type
8.2.4. Europe Micro Irrigation System Market Analysis & Forecast, By Application
8.3. Asia-Pacific (APAC)
8.3.1. Asia-Pacific Micro Irrigation System Market Analysis & Forecast, By Country
8.3.1.1. Japan
8.3.1.2. China
8.3.1.3. India
8.3.1.4. South Korea
8.3.1.5. Rest of the APAC
8.3.2. Asia-Pacific Micro Irrigation System Market Analysis & Forecast, By Product Type
8.3.3. Asia-Pacific Micro Irrigation System Market Analysis & Forecast, By Crop Type
8.3.4. Asia-Pacific Micro Irrigation System Market Analysis & Forecast, By Application
8.4. Latin America
8.4.1. Latin America Micro Irrigation System Market Analysis & Forecast, By Country/Region
8.4.1.1. Argentina
8.4.1.2. Brazil
8.4.1.3. Rest of Latin America
8.4.2. Latin America Micro Irrigation System Market Analysis & Forecast, By Product Type
8.4.3. Latin America Micro Irrigation System Market Analysis & Forecast, By Crop Type
8.4.4. Latin America Micro Irrigation System Market Analysis & Forecast, By Application
8.5. Middle East & Africa
8.5.1. Middle East & Africa Micro Irrigation System Market Analysis & Forecast, By Country/Region
8.5.1.1. South Africa
8.5.1.2. UAE
8.5.1.3. Saudi Arabia
8.5.1.4. Rest of Middle East & Africa
8.5.2. Middle East & Africa Micro Irrigation System Market Analysis & Forecast, By Product Type
8.5.3. Middle East & Africa Micro Irrigation System Market Analysis & Forecast, By Crop Type
8.5.4. Middle East & Africa Micro Irrigation System Market Analysis & Forecast, By Application
9. Competitive Landscape
9.1. Market Share Analysis (2022)
9.2. Market Positioning of Top Players (2022)
9.3. Key Developments & Growth Strategies (2020-2022)
9.3.1. Product Launches
9.3.2. Merges, Collaborations & Agreements
9.3.3. Expansion
9.4. SWOT Analysis
10. Company Profiles (Business Overview, Products Offered, Financial Details*, Recent Developments)
10.1. Lindsay Corporation (U.S.)
10.1.1. Company Snapshot
10.1.2. Business Overview
10.1.3. Financial Data
10.1.4. Key Products Offered
10.1.5. Recent Developments
10.2. Jain Irrigation Systems Ltd. (India)
10.3. Mahindra Agri (India)
10.4. Nelson Irrigation (U.S.)
10.5. Rain Bird Corporation (U.S.)
10.6. T-L Irrigation (U.S.)
10.7. Netafim (India)
10.8. Rivulis. (Israel)
10.9. Lucintel (U.S.)
10.10. Toro Ag (Italy)
10.11. Others
11. Appendix
11.1. Currency Exchange Rate to USD
11.2. Abbreviations
* Financial details captured might be subjected to information available and not be given for privately-held companies or for companies that do not report it in the public domain