The global micro irrigation system market revenue was around US$ 633.65 million in 2022 and is estimated to reach US$ 1048 million by 2031, growing at a compound annual growth rate (CAGR) of 5.75% during the forecast period from 2023 to 2031.
A micro irrigation system is a contemporary irrigation technique that aids in administering small amounts of water to the land's surface. It is dependent on emitters, drippers, sprinklers, foggers, and other devices positioned along a water delivery line. It is a simple chemigation and fertigation technique that works with all types of soil. It is becoming more popular than traditional sprinkler systems because it improves crop output, field preparation, and personnel expenses.
Market Driving Factors
The surge in popularity of drip irrigation systems drives the market growth. Drip irrigation systems are gaining high traction in the market because they enhance soil yield, lower the rate of salinization, maintain low soil moisture pressure in the root zone, and aid in saving water this system adopted in different countries.
The growing importance of micro irrigation systems in food firms boosts the market growth. Several multinational food corporations have taken steps to brand their products which are sustainably formed. Micro irrigation systems are important for these corporations to confirm that their raw materials are completely eco-friendly. Micro irrigation systems decrease environmental degradation and water table depletion. As a result, major food firms use these systems for sustainability.
Expanding demand from the residential sector propels market growth. This is due to the shifting trend towards micro-farming of plantations across the residential sector. Increasing cultivation of crops such as cotton, maize, corn, and wheat on the fields that need water conservation over a large area is further escalating the demand for center-pivot irrigation systems.
The scarcity of knowledge about the benefits of micro irrigation systems hampers market growth.
Regional Analysis
Asia Pacific dominates the market. This is due to factors such as the adoption of micro irrigation systems by rural farmers and the increasing demand for organic products. Furthermore, a high adoption of cutting-edge irrigation systems such as sprinkler and drip irrigation are appearing in the region and the shift in its emphasis toward developing new irrigation systems drives the market.
North America is estimated to dominate the market. This is due to the concentration of key players such as Rain Bird Corporation and Nelson Irrigation Corporation that develop reliable micro-irrigation products. These key players promote the growth of robust micro and mechanized irrigation systems in the region.
Segmentation Insights
In terms of type, the drip irrigation segment dominates the market during the forecast period. This is due to the increase in popularity among field crop producers owing to its precise application, making it an increasingly popular producer. In addition, this segment is supported by the surge in the price of field crops, a decrease in water usage, and the adoption of sustainable irrigation methods. Furthermore, the increase in the population surges the demand for food which will increase drip irrigation sales. Therefore, this factor boosts the market.
Prominent Companies
Segmentation Outline
The global micro irrigation system market segmentation focuses on Type, Crop Type, and Region.
By Type
By Crop Type
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL MICRO IRRIGATION SYSTEM MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: MICRO IRRIGATION SYSTEM MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL MICRO IRRIGATION SYSTEM MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL MICRO IRRIGATION SYSTEM MARKET, BY TYPE
5.1 OVERVIEW
5.2 DRIP IRRIGATION
5.3 SPRINKLER IRRIGATION
6 GLOBAL MICRO IRRIGATION SYSTEM MARKET, BY CROP TYPE
6.1 OVERVIEW
6.2 PLANTATION CROP
6.3 FIELD CROP
6.4 LANDSCAPE
6.5 OTHERS
7 GLOBAL MICRO IRRIGATION SYSTEM MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL MICRO IRRIGATION SYSTEM MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 NETAFIM LIMITED
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 THE TORO COMPANY
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 METRO IRRIGATION
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 LINDSAY CORPORATION
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 PC INDUSTRIES
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 IRRITEC
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 NELSON IRRIGATION CORPORATION
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 RAIN BIRD CORPORATION
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 MICROJET IRRIGATION SYSTEMS
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 T-L IRRIGATION
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.11 HUNTER INDUSTRIES
9.11.1 OVERVIEW
9.11.2 FINANCIAL PERFORMANCE
9.11.3 PRODUCT OUTLOOK
9.11.4 KEY DEVELOPMENTS
9.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.12 CHINADRIP IRRIGATION EQUIPMENT CO. LTD
9.12.1 OVERVIEW
9.12.2 FINANCIAL PERFORMANCE
9.12.3 PRODUCT OUTLOOK
9.12.4 KEY DEVELOPMENTS
9.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.13 RIVULIS IRRIGATION LTD
9.13.1 OVERVIEW
9.13.2 FINANCIAL PERFORMANCE
9.13.3 PRODUCT OUTLOOK
9.13.4 KEY DEVELOPMENTS
9.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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