Press release
Increasing Water Scarcity Drives Growth In The Irrigation Equipment Market Driver: Leading Transformation in the Irrigation Equipment Market in 2025
Irrigation Equipment
Water scarcity is expected to spur the growth of the irrigation equipment market. Water scarcity occurs when there isn't enough fresh water to meet the demand in a given area. This issue is worsening due to population growth, climate change, and poor water management practices. Irrigation equipment helps conserve water by ensuring its efficient use for crops. For example, Water Resources East projected in December 2023 that by 2050, one-third of Eastern England's water usage could become scarce. Consequently, increasing water scarcity is boosting the demand for irrigation equipment.
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What is the projected compound annual growth rate (CAGR) of the irrigation equipment market from 2025 to 2034, and what factors influence it?
The irrigation equipment market will rise from $7.31 billion in 2024 to $8.01 billion in 2025 at a CAGR of 9.5%, supported by population growth, water scarcity concerns, and sustainable farming initiatives.
The irrigation equipment market is projected to reach $11.44 billion by 2029, growing at a CAGR of 9.3%. The increasing need for efficient water management, higher agricultural productivity, unpredictable climate conditions, and eco-friendly irrigation solutions are key drivers. Trends include smart irrigation powered by IoT and AI, fully automated irrigation systems, solar-powered solutions, and real-time monitoring via wireless sensors.
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How are the latest trends influencing the growth of the irrigation equipment market?
Companies in the irrigation equipment market are incorporating anti-clogging technologies to improve efficiency and performance. Anti-clogging technology prevents blockages in systems and devices. In October 2023, Netafim India, an India-based irrigation solutions provider, launched Toofan, a drip irrigation system featuring TurbuNext technology. This system includes a dripper labyrinth that prevents clogging, ensuring consistent water flow to crops and enhancing water and nutrient delivery efficiency.
What are the major segments of the irrigation equipment market and their role in driving growth?
The irrigation equipment market covered in this report is segmented -
1) By Components: Tubing, Sprinklers, Emitter Or Drippers, Pumping, Irrigation Valves, Filters, Connectors, Irrigation Controllers, Sensors, Other Components
2) By Irrigation Type: Drip Irrigation, Sprinkler Irrigation, Pivot Irrigation, Other Irrigation Types
3) By Application: Agriculture, Irrigation, Golf, Other Applications
Subsegments:
1) By Tubing: Drip Tubing, Sprinkler Tubing, Mainlines And Submainlines, Lateral Tubing
2) By Sprinklers: Fixed Sprinklers, Impact Sprinklers, Rotary Sprinklers, Pop-Up Sprinklers, Traveling Sprinklers
3) By Emitter Or Drippers: Pressure Compensating Emitters, Non-Pressure Compensating Emitters, Inline Drippers, Standalone Drippers
4) By Pumping: Centrifugal Pumps, Submersible Pumps, Jet Pumps, Diaphragm Pumps
5) By Irrigation Valves: Ball Valves, Gate Valves, Pressure Relief Valves, Solenoid Valves, Check Valves
6) By Filters: Screen Filters, Disk Filters, Sand Filters, Media Filters
7) By Connectors: Barbed Connectors, Compression Fittings, Quick Connect Fittings, Threaded Connectors
8) By Irrigation Controllers: Timer-Based Controllers, Smart Controllers, Wi-Fi Enabled Controllers, Solar-Powered Controllers
9) By Sensors: Soil Moisture Sensors, Rain Sensors, Flow Sensors, Temperature Sensors
10) By Other Components: Fertilizer Injectors, Pressure Regulators, Backflow Preventers, Hydrometers
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Which regions are key players in the growth of the irrigation equipment market?
North America was the largest region in the irrigation equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the irrigation equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the irrigation equipment market?
Major companies operating in the irrigation equipment market are Robert Bosch GmbH, Hitachi Ltd, Stanley Black & Decker Inc., Makita Corporation, The Toro Company, Valmont Industries Inc., Netafim Ltd., Fiskars Corporation, Rain Bird Corporation, SD WORX SA, Lindsay Corporation, Jain Irrigation Systems Limited, Ariens Company, STIHL Incorporated, Hunter Industries Incorporated, Rivulis Irrigation Ltd., Honda India Power Products Limited, Reinke Manufacturing Company Inc., T-L Irrigation Company, Nelson Irrigation Corporation, Irritec S.p.A., Victa BV, Chinadrip Irrigation Equipment Co. Ltd.
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What Is Covered In The Irrigation Equipment Global Market Report?
•Market Size Forecast: Examine the irrigation equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the irrigation equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the irrigation equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the irrigation equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the irrigation equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the irrigation equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the irrigation equipment market.
•Competitive Landscape: Review strategic developments in the irrigation equipment market, including expansions, agreements, and new product launches.
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