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Microirrigation Systems Market 2024 Industry Insights, Business Growth, Trends And Forecast To 2033
Microirrigation Systems Market
As per the report, the microirrigation systems market size has grown rapidly in recent years. It will grow from $7.92 billion in 2023 to $9.07 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The microirrigation systems market size is expected to see rapid growth in the next few years. It will grow to $15.59 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%.
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Elevated Growth Of Micro Irrigation Systems Fueled By Increasing Awareness Of Micro-Sprinkler Irrigation
Growing awareness about micro-sprinkler irrigation is expected to propel the growth of the micro irrigation systems market going forward. Micro-sprinkler irrigation refers to a modern method of irrigation that helps in distributing the water evenly all over the agricultural land. For instance, according to the Economic Times, an India-based daily newspaper, for the year 2021, in India, over 20 lakh hectares of land were brought under drip and sprinkler irrigation. In addition, the National Bank for Agriculture and Rural Development allocated 10,000 crores for the development of micro-sprinkler irrigation. The government has set a target of covering 100 lakh hectares for micro-irrigation within the next 5 years. Therefore, growing awareness about micro-sprinkler irrigation is driving the growth of micro irrigation systems.
Innovations Drive Growth In The Micro Irrigation Systems Market
Product innovations have emerged as the key trend gaining popularity in the micro irrigation systems market. Major companies operating in the micro irrigation systems sector are focused on introducing innovative products to reinforce their position. For instance, in May 2021, Netafim, an Israel-based company, launched its intelligent automated filter AlphaDisc. It contains features such as concepts of product modularity and data measurement. This uses little water and energy and uniformly irrigates crops, leading to better productivity and cost savings.
The microirrigation systems market covered in this report is segmented -
1) By Mechanism: Drip Irrigation System, Sprinkler Irrigation System, Other Micro-Irrigation Systems
2) By Crop Type: Plantation Crops, Field Crops, Orchard Crops, Other Crop Types
3) By Cultivation Technology: Open Field, Protected Cultivation
4) By Application: Small Farming, Large and Corporate Farming, Government, Other Applications
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Major companies operating in the microirrigation systems market report are Lindsay Corporation, The Toro Company, Rain Bird Corporation, Jain Irrigation Systems Limited, Mahindra EPC Irrigation Limited, Hunter Industries Inc., Netafim Limited, Irritec S. p. A., Harvel Agua India Private Limited, Nelson Irrigation Corporation, Antelco Pty Ltd, Irrigation Direct Canada, Drip Research Technology Solutions, DripWorks Inc., Raindrip Inc., Valmont Industries Inc., T-L Irrigation Co., Rivulis Irrigation Ltd., Deere & Company, AMADAS Industries Inc., Amiad Water Systems Ltd., Arkal Filtration Systems, Batrow Systems, Berkeley Pumps and Systems, Caprari S. p. A., Cresline Plastic Pipe Co. Inc., Febco Backflow Prevention Products, Filter-Chem Systems LLC, Filtomat Water Systems, Flowmatic Systems Inc., Franklin Electric Co. Inc., JCM Industries Inc., Jaco Manufacturing Company, Lakos Separators and Filtration Systems, AlphaDisc Water Filtration Systems, Elster Group SE, QuikSert Systems, SeaMetrics Inc., Sponsler Co. Inc., Total Control Systems Inc., Tuthill Corporation, Soil Moisture Sensor Kit, Solar Sync Sensors, Rotors by Rain Bird, Pop-Up Sprays by Rain Bird
Contents of the report:
1. Executive Summary
2. Microirrigation Systems Market Report Structure
3. Microirrigation Systems Market Trends And Strategies
4. Microirrigation Systems Market - Macro Economic Scenario
5. Microirrigation Systems Market Size And Growth
…..
27. Microirrigation Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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