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Increasing Water Scarcity Drives Growth In The Irrigation Equipment Market: Key Factor Driving The Growth In The Irrigation Equipment Market
Irrigation Equipment
What Is the Expected Irrigation Equipment Market Size During the Forecast Period?
The irrigation equipment market will expand from $7.31 billion in 2024 to $8.01 billion in 2025, at a CAGR of 9.5%. Growth drivers include global population increase, concerns over water scarcity, government policies, climate change, urban expansion, and awareness of sustainable farming practices.
The irrigation equipment market is expected to experience robust growth, projected to reach $11.44 billion by 2029 at a CAGR of 9.3%. The growth is attributed to the demand for efficient water management, the need for higher crop yields, unpredictable weather patterns, and a rising demand for sustainable irrigation systems. Major trends include the adoption of IoT and AI in irrigation systems, fully automated systems, solar-powered solutions, advancements in precision irrigation, and wireless sensor networks for real-time monitoring.
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What Are the High-Growth Segments in the Irrigation Equipment Market?
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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What Key Drivers Are Expected to Influence Future Irrigation Equipment Market Growth?
Increasing water scarcity is anticipated to drive the growth of the irrigation equipment market. Water scarcity refers to the lack of adequate freshwater resources to fulfill regional water demands. This challenge is exacerbated by population growth, climate change, urban expansion, pollution, inefficient water use, and poor infrastructure for water management. Irrigation equipment helps mitigate water scarcity by enabling efficient water distribution and supporting sustainable agriculture. For instance, in December 2023, Water Resources East, a UK-based nonprofit, projected that Eastern England will face a shortfall of 800 million liters of water daily-equivalent to one-third of its current water use-by 2050. As a result, growing water scarcity is boosting the irrigation equipment market.
Which Companies Hold the Largest Share Across Different Irrigation Equipment Market Segments?
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.
What Are the Latest Developing Trends in the Irrigation Equipment Market?
Leading corporations in the irrigation equipment market are pioneering novel technologies such as anti-clogging functionality to maintain a competitive edge. Anti-clogging tech incorporates strategies or materials intended to reduce or eliminate blockages in various devices or systems, thus boosting their efficiency and performance. In October 2023, Netafim India, an irrigation solutions firm based in India, introduced an innovative drip irrigation technology named Toofan. Designed to revolutionize farming methods for cultivators of all sizes, this cutting-edge system features TurbuNext technology, integrating a dripper labyrinth that avoids clogging and maintains a regular water flow to crops by expelling debris from the dripper. The state-of-the-art technology is crafted for optimal water and nutrient delivery, exceeding in durability and resistance to clogging.
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What Are the Emerging Geographies for The Irrigation Equipment Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Irrigation Equipment Market?
2. What is the CAGR expected in the Irrigation Equipment Market?
3. What Are the Key Innovations Transforming the Irrigation Equipment Industry?
4. Which Region Is Leading the Irrigation Equipment Market?
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