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Water Supply & Irrigation Systems Market 2024: Comprehensive Global Analysis and Forecast
Water Supply & Irrigation Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $484.71 billion In 2028 At A CAGR Of 6.8% :
The water supply & irrigation systems market size has grown strongly in recent years. It will grow from $348.96 billion in 2023 to $373.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to population growth, agricultural expansion, industrial development, urbanization, climate variability.
The water supply & irrigation systems market size is expected to see strong growth in the next few years. It will grow to $484.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to water scarcity challenges, population growth & urbanization, government regulations, renewable energy integration, investments in water infrastructure, focus on water conservation. Major trends in the forecast period include technological advancements, drip irrigation innovation, smart irrigation systems, remote sensing for crop monitoring, climate-responsive irrigation.
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Water Supply & Irrigation Systems Market Major Segments
The water supply & irrigation systems market covered in this report is segmented -
1) By Type: Center Pivot, Lateral Move, Solid Set, Other Types
2) By Crop Type: Cereals, Oilseeds And Pulses, Fruits And Vegetables, Other Crop Types
3) By Mobility: Stationary, Towable
4) By Field Size: Small, Medium, Large
Key Driver - Organic Farming Surge Propels Water Supply And Irrigation Systems Market
Increasing organic farming is expected to propel the growth of the water supply and irrigation systems market going forward. Organic farming is an agricultural system that employs ecologically friendly weed, pest, and disease management techniques. Irrigation systems are installed in organic farming to distribute water to crop roots, wherein water is released from several sprinklers placed on wheeled towers in center-pivot systems. Thus, more organic farming will increase the demand for water supply and irrigation systems. For instance, in May 2023, according to the Department for Environment, Food, and Rural Affairs, a US-based federal agency, the UK had a total area of 509 thousand hectares of land farmed organically in 2022 (i.e., the fully converted area and the area under conversion), an increase of 0.4% compared to 2021. Therefore, increasing organic farming is driving the growth of the water supply and irrigation systems market.
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Prominent Trend - Innovation In Water Supply And Irrigation Systems Enhanced Water Supply And Irrigation Systems Market
Product innovation is a key trend gaining popularity in the water supply and irrigation systems market. Companies operating in the water supply and irrigation systems market are focused on innovative products to reinforce their position in the market. For instance, in April 2022, Viridix, an Israel-based manufacturer of precision irrigation systems and the innovative agri-tech platform, launched the Viridix Gen3 Auto-Pilot system, an advanced precision irrigation system. The special features include sensors for water pressure sensors, air humidity and temperature sensors, and remote watering controllers. The advanced and easy-to-use platform provides phenomenal effectiveness through a holistic autonomous solution for optimized precision irrigation.
Water Supply & Irrigation Systems Market Players
Major companies operating in the water supply & irrigation systems market report are Veolia Environment S.A., SUEZ SA, United Utilities Group plc, The Toro Company, Valmont Industries Inc., Sabesp Corp, American Water Works Company Inc., Seabex SAS, Jain Irrigation Systems Ltd., Rain Bird Corporation, Lindsay Corporation, Hunter Industries Inc., G's Fresh Ltd., Rivulis Irrigation Ltd., Alkhorayef Group Company, Reinke Manufacturing Co Inc., T-L Irrigation Co, Hortau Irrigation Management & Soil Tension Monitoring, Nelson Irrigation Corporation, Irritec S.p.A, Mahindra EPC Irrigation Limited (MEIL), Rachio Inc., Galcon, Netafim Global, Greyter Technologies Inc., Hydropoint Inc., Primus Power Pte Ltd., Elgo Irrigation Ltd., WaterBit Ltd., Technical Data Analysis Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the water supply and irrigation systems market in 2023. The regions covered in the water supply & irrigation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Water Supply & Irrigation Systems Market Report Structure
3. Water Supply & Irrigation Systems Market Trends And Strategies
4. Water Supply & Irrigation Systems Market - Macro Economic Scenario
5. Water Supply & Irrigation Systems Market Size And Growth
…..
27. Water Supply & Irrigation Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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