The latest research study “Micro Irrigation Systems Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global micro irrigation systems market size reached US$ 10.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 18.2 Billion by 2028 exhibiting a CAGR of 8.9% during 2023-2028.
What is a Micro irrigation systems?
Micro irrigation systems represent a pipe distribution network that assists in applying small quantities of water repeatedly on the surface or subsurface of land. They rely on sprinklers, foggers, drippers, and emitters placed along a water delivery line.
Micro irrigation systems are straightforward methods of fertigation and chemigation, which are suitable for all types of soil. As they enhance crop yield and reduce labor and field preparation costs, micro irrigation systems are gaining traction over conventional sprinkler methods.
These techniques find widespread applications in landscaping gardens, horticulture, and the practice of restoration ecology and environmental remediation across the globe.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the Micro irrigation systems Market?
The escalating global population and declining arable land are among the primary factors driving the micro irrigation systems market. Besides this, the extensive utilization of greenhouses for producing vegetables is further augmenting the market growth.
Moreover, the incorporation of innovative technologies, such as global positioning systems (GPS) and remote control, in the lateral move and central pivot micro irrigation systems is also catalyzing the global market.
Apart from this, the elevating focus on water conservation and the growing popularity of sustainable irrigation methods are acting as significant growth-inducing factors.
Additionally, the emerging trend of urban gardening is also stimulating the market growth. Furthermore, the launch of several policies by the government bodies to provide low-interest rates on loans and subsidies for farming is expected to bolster the micro irrigation systems market in the coming years.
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The report has been segmented the market into Breakup Type, Crop, End User and Geographic categories:
Breakup by Type:
Breakup by Crop Type:
Breakup by End User:
Based on the end-use sector, the report finds that the Energy sector dominates the market. There are many ongoing development projects undertaken by various nations, which require a continuous flow of electricity. Owing to this, there is a rising demand for power inverters in this sector.
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
List of Major Key Players:
The competitive landscape of the industry has Antelco Pty Ltd Elgo Irrigation Ltd., Hunter Industries, Irritec S.p.A, Jain Irrigation Systems Ltd., Lindsay Corporation, Mahindra EPC Irrigation Limited (Mahindra & Mahindra Limited), Nelson Irrigation Corporation, Netafim (Orbia), Rain Bird Corporation, Rivulis Irrigation Ltd. and The Toro Company.
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