Global Micro Irrigation System Market

Micro Irrigation System Market Size, Share, Growth Analysis, By Irrigation(Drip Irrigation Systems and Sprinkler Irrigation Systems), By Crop(Field Crops, Fruits & Vegetables), By End-User(Farmers, Industrial users) - Industry Forecast 2024-2031

Report ID: SQMIG20H2033 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 89 | Figures: 66

Micro Irrigation System Market News

  • In January 2023 Valmont Industries, Inc., announced that it has signed a supply agreement to supply advanced technology and mechanized irrigation equipment for several agricultural development projects in Africa. Leading the way in increasing agricultural productivity and building necessary infrastructure.  
  • In April 2023, Rivulis Pte. Ltd. announced that it has acquired Jain Irrigation. With this acquisition, Rivulis will lead the mass adoption of modern irrigation solutions and digital farming by growers and business partners to create an irrigation and climate leader globally. 
  • In May 2023, the worldwide movement that supports universal access to clean water, the Educational Water Pact Forum, was joined by Netafim, a company that provides irrigation systems and services. 
  • In May 2023 EPC revealed the EPC9186, a 3-phase BLDC motor drive inverter that makes use of the EPC2302 eGaN® FET, to be available . Applications include electric scooters, compact electric cars, forklifts, agricultural equipment, and high-power drones are made possible by the EPC9186's high power capabilities.
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Micro Irrigation System Market size was valued at USD 5.68 billion in 2022 and is poised to grow from USD 6.18 billion in 2023 to USD 12.10 billion by 2031, growing at a CAGR of 8.77% in the forecast period (2024-2031).

The micro irrigation system market is characterized by intense rivalry among key players striving to capture a significant market share. Leading providers are consistently engaged in innovation, strategic partnerships, and product advancements to maintain their competitive edge. These industry giants leverage their extensive portfolios to offer a range of products encompassing drip irrigation systems and sprinkler irrigation systems. As the market witnesses rapid innovations, smaller players and startups also contribute by introducing niche solutions and innovative technologies, contributing to the dynamic and ever-evolving competitive dynamics within the market. 'Lindsay Corporation', 'Jain Irrigation Systems Ltd.', 'Reinke Manufacturing Co. Inc.', 'Netafim Limited', 'The Toro Company', 'Hunter Industries', 'Valmont Industries, Inc.', 'Finolex Plasson', 'Elgo Irrigation Ltd.', 'Nelson Irrigation Corporation'

One driver propelling the growth of the micro irrigation system market is that more and advanced technologies are being introduced into current irrigation systems. Technological advances help promote the efficiency, accuracy and environmental sustainability of micro irrigation. Smart sensors, automation, data analytics and remote monitoring through the Web service allow farmers to optimize water supply according to parcel size; detect irrigation faults with online diagnostics; discover causes of aberrant temperatures in equipment with automatic troubleshooting functions. Not only do these innovations save water, they also give farmers the right tools to optimize crop yield and minimize waste of resources. As the industry invests increasingly in research and development, technological breakthrough after technological breakthrough will help micro irrigation systems become an integral part of today's modern and ecological agriculture.

One major trend reshaping the micro irrigation system market across the entire world is that precision agriculture techniques are increasingly being adopted. Technology-based methods of agriculture that target sharper control over all aspects of crop production, such as water management. For precision agriculture, micro irrigation systems provide a means of controlling water accurately. The use of sensors, GPS-guided tractors and data analytics to monitor crop conditions in real time has become increasingly popular among farmers. This data-driven approach enables targeted irrigation, in which water is applied selectively based on the needs of particular crops or even individual plants. Furthermore, the combination of micro irrigation systems and precision agriculture practices also promotes water resources optimization, increases crop yields while reducing environmental impact.

In terms of market region, Asia-Pacific accounts for the largest share in micro irrigation system. It is the region's broad agricultural area, high population density and increasing understanding of the importance of water-efficient agriculture that underlies its ascendancy. Countries like China and India, which have huge areas of arable land are seeing rapid growth in the use of micro irrigation systems. The driving force behind micro irrigation systems' dominant market position in the Asia-Pacific is due partly to government efforts, particularly with regard to increasing food production as population grows. Then there are the different types of crops, from staple foods to cash crops which also contribute toward increasing demand for precision irrigation methods.

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Global Micro Irrigation System Market

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