The global micro irrigation systems market is expected to grow at an exponential rate of more than 13% CAGR through the end of 2031, according to insights from the latest study from Future Market Insights (FMI) an ESOMAR-certified research and consulting firm. The report provides a detailed analysis in more than 20 high growth regional markets, with comprehensive details on the prospects of micro irrigation systems through the coming decade.
Micro irrigation systems are gaining importance in the agriculture sector, owing to their efficacy in minimizing the effects of drought conditions, at comparatively low costs. Increasing demand for water and concerns over scarcity of this natural resource, with its effects in terms of quality and crop yield will play key roles in driving the growth of the market. Growing interest in greenhouse farming is also driving micro-irrigation systems in specialized farms.
The study by FMI has analyzed the global demand for micro irrigation systems, in terms of macro-economic factors, the impact of the covid-19 pandemic, and market landscape. As per the scope of research conducted by FMI, the market has been studied on the basis of consumer interests, product segments, and regional influences, in addition to qualitative data on the players operating in the market covering both supply and demand.
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Key Takeaways from Micro Irrigation Systems Market Study
- Drip irrigation systems are estimated to hold the lead, supported by lower purchase and installation costs, in addition to low water use.
- Micro farming applications will reflect a relatively higher rate of growth, driving demand for lateral move and central pivot products.
- United States will hold significant market share owing to the concentrated presence of market leaders in the country.
- India and China will account for a high rate of growth, supported by an agrarian economy and favorable government initiatives in the industry.
- Access to technologies associated to mechanized irrigation systems are generating opportunities in the Middle East and Africa region.
“The growing need for water conservation efforts driven by rising population levels and decreasing global water reserves are key factors that drive the micro irrigation systems market. Stringent regulations associated with water becoming a rare commodity, has pushed players in the agricultural sector to invest in novel solutions to enhance the productivity of a limited volume of water. Micro irrigation systems are capable of optimizing water usage, which in turn will support market expansion for the duration of the forecast period,” says the FMI analyst
The micro irrigation systems market is expected to grow at a healthy rate during 2021 to 2031. With the essential nature of irrigation in agriculture, coupled with growing concerns over water scarcity issues, market players are expected to be focused on research and development to improve on resource optimization objectives. Field testing and collaborations with regional players is likely to gain the interest of market players through the assessment period.
The global micro irrigation system market is moderately fragmented, with a number of regional players holding notable market share, which is likely to continue for the duration of the forecast period. Leading manufacturers are increasingly investing in new technology innovations in addition to strategic geographic expansion efforts.
Some of the leading players in the micro irrigation systems market include but are not limited to Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Rain Bird Corporation, Hunter Industries, Valmont Industries, Rivulis Irrigation Ltd., Lindsay Corporation, Reinke Manufacturing Company Inc., EPC Industries Ltd., T-L Irrigation, Elgo irrigation, Sistema Azud SA, Nelson Irrigation Corporation, Chinadrip Irrigation Equipment Co. Ltd., Kisan Irrigation Ltd., Finolex Plasson Industries Pvt. Ltd., Ripple Aquaplast , Irritrol, Eurodrip SA.
Valuable Insights into Micro Irrigation Systems Market Study
Future Market Insights brings the detailed research report of the latest industry trends affecting growth in the global micro irrigation systems market. The market has been segmented in terms of system type and end use to offer a comprehensive overview of the industry. The study provides in-depth analysis of the key factors enabling growth in these segments across seven key regions.
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Micro Irrigation Systems Market – Report Scope
|Historical Data Available for||2016-2020|
|Market Analysis||USD Million for Value, Hectares for Installed Area|
|Key Regions Covered||North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan, and Middle East & Africa|
|Key Countries Covered||United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, United Kingdom, France, Italy, Spain, BENELUX, Nordic, Russia, Poland, CIS Countries, China, Japan, South Korea, India, ASEAN, Australia, GCC Countries, Turkey, Israel, and South Africa|
|Key Segments Covered||System Type, End Use, and Region|
|Key Companies Profiled||Netafim Ltd. Jain Irrigation Systems Ltd. The Toro Company Rain Bird Corporation Hunter Industries Valmont Industries Rivulis Irrigation Ltd. Lindsay Corporation Reinke Manufacturing Company Inc. EPC Industries Ltd. T-L Irrigation Elgo irrigation Sistema Azud SA Nelson Irrigation Corporation Chinadrip Irrigation Equipment Co. Ltd. Kisan Irrigation Ltd. Finolex Plasson Industries Pvt. Ltd. Ripple Aquaplast Irritrol Eurodrip SA. (indicative list)|
|Report Coverage||Market Overview, Key Market Trends, COVID-19’s Impact, Demand Analysis, Market Background, Segmental Analysis, Regional Profiling, Market Structure Analysis and Competition Analysis|
|Customization & Pricing||Available upon Request|
Key questions answered in the report
- How will the micro irrigation systems market expand through 2031? According to Future Market Insights (FMI), the global micro irrigation systems market is projected to find growth from investments into countering water scarcity, and expansion of agricultural land, expanding exponentially at a CAGR of approximately 13% through 2031.
- Which is the dominant micro irrigation systems market? North America is currently the leading regional market for micro irrigation systems, accounting for major market share through the end of the forecast period. Growth has been largely attributed to the presence of many market leaders in the United States.
- How is COVID-19 impacting the micro irrigation systems growth projections? The COVID-19 pandemic has had a notable impact on the prospects of micro irrigation systems applications in the short term. Restrictions on supply chains and agricultural workers are limiting the demand for micro irrigation systems. However, the advances of IoT and analytics will generate lucrative opportunities in the post pandemic period.
- Which are the prominent micro irrigation systems market players? Prominent micro irrigation systems market players include Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Rain Bird Corporation, Hunter Industries, Valmont Industries, Rivulis Irrigation Ltd., Lindsay Corporation, Reinke Manufacturing Company Inc., EPC Industries Ltd., T-L Irrigation, Elgo irrigation, Sistema Azud SA, Nelson Irrigation Corporation, Chinadrip Irrigation Equipment Co. Ltd., Kisan Irrigation Ltd., Finolex Plasson Industries Pvt. Ltd., Ripple Aquaplast , Irritrol, Eurodrip SA.
Enquiry before Buying
- Is the micro irrigation systems market research conducted by FMI? Yes, the global micro irrigation systems research report has been compiled by expert analysts of FMI through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst.
- What research methodology is followed by FMI? FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions.