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2025-2034 Water Supply & Irrigation Systems Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
Water Supply & Irrigation Systems Market
What Will the Water Supply & Irrigation Systems Industry Market Size Be by 2025?
The market size for water supply and irrigation systems has seen robust growth in the past few years. The projection for its growth indicates an increase from $364.43 billion in 2024 to $387.55 billion in 2025, experiencing a Compound Annual Growth Rate (CAGR) of 6.3%. Factors contributing to this expansion in the historic period include population growth, enhancement in agriculture, industrial progress, urbanization, and variations in climate.
What's the Long-Term Growth Forecast for the Water Supply & Irrigation Systems Market Size Through 2029?
The market size for water supply and irrigation systems is set to witness robust growth in the coming years, reaching a value of $495.24 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.3%. Factors driving growth during the forecasted period include issues related to water scarcity, growing population and urbanization, government policies, incorporation of renewable energy, investments in water infrastructure, and a concentrated effort on water conservation. Technological advancements, developments in drip irrigation, smart irrigation systems, remote crop monitoring, and climate-responsive irrigation constitute significant trends in the forecast period.
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What Are the Key Growth Drivers Fueling the Water Supply & Irrigation Systems Market Expansion?
The anticipated rise in organic farming is predicted to stimulate expansion in the water supply and irrigation systems market. Organic farming, which utilizes environmentally friendly strategies for weed, pest, and disease control, necessitates irrigation systems for the distribution of water to crop roots. This is typically done through several sprinklers set on movable towers in the center-pivot systems. Therefore, a surge in organic farming will heighten the need for water supply and irrigation systems. For example, in May 2023, data from the Department for Environment, Food, and Rural Affairs, a federal agency in the US, indicated that the total area of land farmed organically in the UK in 2022 was 509 thousand hectares (including both the fully converted and developing areas), marking a 0.4% increase from 2021. Consequently, the uptick in organic farming is contributing to the growth of the water supply and irrigation systems market.
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What Are the Key Trends Driving Water Supply & Irrigation Systems Market Growth?
The emergence of product innovation is becoming a prominent trend within the water supply and irrigation systems market, as companies are concentrating on creating novel products to solidify their market presence. For example, Viridix, an Israeli firm known for their precision irrigation systems and groundbreaking agricultural technology platform, unveiled the Viridix Gen3 Auto-Pilot system in April 2022. The system, a cutting-edge precision irrigation system, comes equipped with sensors for water pressure, air humidity and temperature, as well as remote watering controllers. This remarkable, user-friendly platform offers unparalleled efficiency, providing a comprehensive autonomous solution for superior precision irrigation.
How Is the Water Supply & Irrigation Systems Market Segmented?
The water supply & irrigation systemsmarket 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
Subsegments:
1) By Center Pivot: Full Circle Center Pivot, Partial Circle Center Pivot
2) By Lateral Move: Lateral Move Irrigation Systems (Standard), Towable Lateral Move Systems
3) By Solid Set: Fixed Spray Systems, Drip Irrigation Systems
4) By Other Types: Subsurface Irrigation, Surface Irrigation, Micro Irrigation Systems
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Which Companies Are Leading the Charge in Water Supply & Irrigation Systems Market Innovation?
Major companies operating in the water supply & irrigation systems market include 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.
Which Regions Are Leading the Global Water Supply & Irrigation Systems Market in Revenue?
North America was the largest region in the water supply and irrigation systems market in 2024. 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.
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