Micro Irrigation System Market is valued at USD 9.95 Billion in 2021 and expected to reach USD 18.11 Billion by 2028 with a CAGR of 8.94% over the forecast period.
Micro Irrigation also known to be low-volume or low-flow irrigation or trickle irrigation is an efficient technique requires low flow and volume of water than traditional irrigation systems. Total cultivated land has around 20% of irrigated land and 40% food is produced worldwide, according to World Bank Organization. The advanced irrigation system is beneficial in areas with slow absorption rate of soils like clay which reduces the runoff and increase the moisture holding capacity in dry land soils. The water is delivered usually is form of distinct or continuous droplets and also in form of streams. The micro irrigation systems are widely applicable in areas with vineyards, orchards, row crops, nurseries and others. This technique has been successfully adopted globally due to fast method, high yields and low labor work.
During the COVID-19 pandemic, Irrigation Industry has faced their own challenges and continued their functioning. The Irrigation system’s service delivery impacted heavily due to interrupted supply chain and lack of availability of labor. Across the world, irrigation industries are facing financial crises due to high maintenance cost, additional costs with lower revenues, which is also dependent on season-based irrigation activities followed by some countries.
Global Micro Irrigation System Market report is segmented on the basis of Type, Components, Application, and Region & country level. Based upon Type, Global Micro Irrigation System market is classified as Drip Irrigation and Micro-Sprinklers. The market is classified on the basis of components as Filters, Controllers, Valves and Sensors. On the basis of Application, market is divided as Industries and Farmers.
The regions covered in this Global Micro Irrigation System Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Micro Irrigation System is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia, Africa, etc.
Some major key players for Global Micro Irrigation System Market are
February 4, 2021; The alliance between Maithri Aquatech and Contec Global aims to combine air-to-water sustainable solutions in Africa and West Asia. The $200 million deal is to deliver AWG solutions for Micro-irrigation and drinking in water stressed areas. The partnership focuses on sustainable improvement opportunities for both companies.
January 28, 2021; Water Ways announced the CAD$233,000 order from Israel Licensed producer for medical cannabis IOT irrigation and fertilization system. By the end of April 2021, company expects to install the system and recognize the revenue for initial six months for the 7000 square meters medical cannabis cultivation facility.
The major factors driving the growth of Global Micro Irrigation System Market are improved irrigation facility with high crop yield in water scare areas. The micro irrigation system supplies water to plant’s root area, reducing the water wastage is an important factor for high efficiency and uniform water distribution. Moreover, increasing population has led to increasing demand for food as well as technological advancements are also expected to augment the market growth. The micro irrigation facility is useful in hilly or irregular shaped lands, is also expected to fuel the growth of Micro Irrigation System Market. However, the irrigation equipment’s are expensive to install and maintain, which is an important issue and may hamper the market growth. Exploring new areas like selling output online, proper storage capacities and improved water productivity can open vast opportunities in Micro Irrigation System.
Asia-Pacific is expected to dominate the Global Micro Irrigation System Market within the forecast period attributed to the presence of largest irrigated land in this region. China tops the list of largest irrigated land followed by India. Jain Irrigation is the second largest micro-irrigation company present in India. Middle East region is also expected to grow due to the presence of world’s largest micro irrigation company in Israel i.e. Netafim. Other African and South American countries are a potential place in future for Micro Irrigation Systems.
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Report Analysis | Details |
---|---|
Historical data | 2018 - 2021 |
Forecast Period | 2022 - 2028 |
Market Size in 2021: | USD 9.95 Billion |
Base year considered | 2021 |
Forecast Period CAGR %: | 8.94% |
Market Size Expected in 2028: | USD 18.11 Billion |
Tables, Charts & Figures: | 175 |
Pages | 300 |
Key Players/Companies | Netafim, Rain Bird, Toro Company, Valmont Industry, Galcon, Nelson, Jain Irrigation, Others |
Segments Covered | By Component, By Type, By Application |
Regional Analysis | North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa |
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