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Market for Micro-Irrigation Systems to Reach $20.2 Billion by 2030
According to a new report by Meticulous Research® titled *“Micro-irrigation Systems Market by Type (Sprinkler, Drip, Spray), Offering (Hardware, Software, Services), Crop (Plantation, Orchard & Vineyards, Field), Application (Agriculture, Sports, Residential, Commercial), and Geography - Global Forecasts to 2030,”* the global micro-irrigation systems market is expected to grow to $20.2 billion by 2030, at a CAGR of 8.6% from 2023 to 2030.This growth is primarily driven by the increasing need to enhance crop yields and government measures aimed at conserving water. The adoption of modern farming techniques and support for irrigation infrastructure are also contributing to market expansion. However, the high upfront costs and limited awareness in developing regions are barriers.
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The report highlights the growing integration of AI and IoT technologies in irrigation systems and the rise of “irrigation as a service” (IaaS) as key trends.
By type, the market is divided into sprinkler, drip, spray, subsurface, and bubbler irrigation. Sprinkler irrigation is anticipated to lead in 2023, while drip irrigation will grow rapidly due to its sustainable approach to conserving water and improving crop yields.
Hardware will dominate in 2023, as polyethylene tubing and valves see increased use. Smart micro-irrigation is set to expand the fastest, driven by demand for efficient, data-driven irrigation solutions.
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In terms of crops, field crops will hold the largest share, while orchard crops & vineyards are expected to grow at the highest rate. Agriculture remains the top application for micro-irrigation, driven by the need for precise water distribution to improve yields.
Asia-Pacific is expected to be the largest regional market, driven by technological advancements and government initiatives for water conservation.
Key Players:
The key players operating in the micro-irrigation systems market are Valmont Industries, Inc. (U.S.), The Toro Company (U.S.), Jain Irrigation Systems Ltd. (India), T-L Irrigation (U.S.), Rivulis Irrigation Ltd. (Israel), Reinke Manufacturing Co., Inc. (U.S.), Rain Bird Corporation (U.S.), Netafim Limited (Israel), Nelson Irrigation Corporation (U.S.), Lindsay Corporation (U.S.), Hunter Industries, Inc. (U.S.), Antelco Pty Ltd (Australia), Elgo Irrigation Ltd. (Israel), Harvel Agua India Private Limited (India), and Irritec S.p.A (U.S.).
Key questions answered in the report-
- Which are the high-growth market segments based on type, offering, method, crop type, application, and geography?
- What was the historical market for micro-irrigation systems market?
- What are the market forecasts and estimates for the period 2023–2030?
- What are the major drivers, restraints, opportunities, and challenges in the micro-irrigation systems market?
- Who are the major players, and what shares do they hold in the micro-irrigation systems market?
- How is the competitive landscape in the micro-irrigation systems market?
- What are the recent developments in the micro-irrigation systems market?
- What are the different strategies adopted by the major players in the micro-irrigation systems market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the global micro-irrigation systems market, and how do they compete with the other players?
Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/micro-irrigation-systems-market-4970
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