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Drip Irrigation Market worth $14.45 billion by 2030, growing at a CAGR of 10.54% - Exclusive Report by 360iResearch
Drip Irrigation Market | 360iResearch
The Global Drip Irrigation Market to grow from USD 7.16 billion in 2023 to USD 14.45 billion by 2030, at a CAGR of 10.54%.
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Drip irrigation has emerged as an optimal way of watering crops, mainly due to the great water economy with complete automation of the irrigation process. The irrigation process consists of a permanent system of pipes that use emitters for localizing water applications near the individual plants using high-frequency applications and low discharge rates. Drip irrigation significantly reduces water consumption and saves energy due to its low-pressure systems. Several government programs and initiatives have been introduced to promote the adoption of drip irrigation systems owing to their various environmental and user benefits. However, high initial installation cost of drip irrigation systems and the dripper system design and operational limitations impede the process adoption. Market players are consistently working toward decreasing the capital costs of a drip irrigation system by utilizing smaller pumps with less operating energy costs. Amalgamations and partnership activities are observed among commercial farmers and drip irrigation companies, and investments are made by manufacturers to expand precision irrigation activities. Smart drip irrigation systems and the rise of hydroponics,and indoor farming is also expected to proliferate the adoption of drip irrigation activities.
The presence of vast agricultural land and the growing demand for water conservation systems in Asia-Pacific, rising drought concerns across the agricultural countries in the Americas and EMEA are expanding the use of drip irrigation technology to reduce water usage and enhance agricultural productivity while ensuring food security. The drip irrigation method is widely implemented in farms across Spain, Israel, China, India, the United States, Italy and South Africa, particularly for horticulture and fruit crops. Moreover, the governments of agricultural nations worldwide are taking initiatives to spread awareness regarding water conservation and encourage the use of micro-irrigation technologies. Increasing shifts toward adopting precision irrigation systems and continuous R&D to improve drip irrigation technologies are expected to expand the use of drip irrigation worldwide in the future.
Market Segmentation & Coverage:
This research report categorizes the Drip Irrigation Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Drip Tubes/Drip Lines, Emitters & Drippers, Filters, Fittings & Accessories, Pressure Pumps, and Valves. The Emitters & Drippers is further studied across Inline Emitters and On-line Emitters. The Emitters & Drippers commanded largest market share of 21.15% in 2023, followed by Pressure Pumps.
Based on Type, market is studied across Agriculture and Landscape. The Agriculture is further studied across Field Crops, Fruits & Nuts, and Vegetable Crops. The Agriculture commanded largest market share of 72.89% in 2023, followed by Landscape.
Based on Application, market is studied across Subsurface Application and Surface Application. The Surface Application commanded largest market share of 73.02% in 2023, followed by Subsurface Application.
Based on End-use, market is studied across Field Drip Irrigation, Indoor Drip Irrigation, and Orchard Drip Irrigation. The Field Drip Irrigation commanded largest market share of 42.11% in 2023, followed by Orchard Drip Irrigation.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 44.23% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Drip Irrigation Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Drip Irrigation Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Drip Irrigation Market, highlighting leading vendors and their innovative profiles. These include Agrodrip S.A., Alkhorayef Group, Antelco Pty Ltd., Aquazen Polytech Pvt. Ltd., Chamsa - Grupo Chamartin S.A., Chinadrip Irrigation Equipment Co., Ltd., DeepDrop System, Dolphin Irrigation Systems, Elgo Irrigation Ltd., Heibei Plentirain Irrigation Equipment Ltd., Hunter Industries, Inc., Irrigation Direct Canada, Irritec S.p.A., Jain Irrigation Systems Ltd., Kothari Group, Lindsay Corporation, Mahindra EPC Irrigation Limited, Metzerplas corporation, Microjet Irrigation Systems, NDrip Ltd., NDS Inc., Netafim Limited, Novedades Agrícolas S.A., Rain Bird Corporation, SISTEMA AZUD, SA, T-L Irrigation Co., and The Toro Company.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Drip Irrigation Market, by Component
7. Drip Irrigation Market, by Type
8. Drip Irrigation Market, by Application
9. Drip Irrigation Market, by End-use
10. Americas Drip Irrigation Market
11. Asia-Pacific Drip Irrigation Market
12. Europe, Middle East & Africa Drip Irrigation Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Drip Irrigation Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Drip Irrigation Market?
3. What is the competitive strategic window for opportunities in the Drip Irrigation Market?
4. What are the technology trends and regulatory frameworks in the Drip Irrigation Market?
5. What is the market share of the leading vendors in the Drip Irrigation Market?
6. What modes and strategic moves are considered suitable for entering the Drip Irrigation Market?
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what is drip irrigation
Drip Irrigation is an example of a micro-irrigation method where water is delivered to the roots of plants through a system of tubes, pipes, and emitters. This system uses water that is slowly applied to the soil directly at the roots of the plants. It resembles natural raindrops. The word "drip", which is the method of water dripping onto the soil, comes from this.
For drip irrigation to be possible, different…
Drip Irrigation Market 2021 | Detailed Report
The Drip Irrigation research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Drip Irrigation research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
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