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Micro-Irrigation Systems Market to Surge to $20.2 Billion by 2030
Meticulous Research® has published a report titled *“Micro-irrigation Systems Marketss 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 report projects the global micro-irrigation systems market to grow to $20.2 billion by 2030, registering a CAGR of 8.6% during the forecast period of 2023 to 2030.The rising demand for higher crop yields, along with government-led initiatives for water conservation, are fueling this market. Moreover, automation in irrigation systems and support for irrigation projects are driving growth. However, the high initial cost of implementing micro-irrigation systems and a lack of awareness about advanced irrigation techniques in certain regions are limiting factors.
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Key technology trends include the integration of AI and IoT technologies in irrigation systems. The concept of “irrigation as a service” (IaaS) is also gaining momentum.
The market is categorized by type, offering, method, crop type, and application. Sprinkler irrigation is expected to lead the market in 2023, while drip irrigation is set to grow the fastest. Similarly, hardware offerings dominate the market, with increasing adoption of smart irrigation systems driving growth. Traditional irrigation methods hold the largest share, though smart micro-irrigation is experiencing rapid growth.
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In terms of crop type, field crops will dominate, while orchard crops & vineyards will see the highest growth. Agriculture leads the applications, driven by the need for better water-use efficiency and yield improvement.
Asia-Pacific will be the largest regional market in 2023, supported by technological advancements and water conservation policies.
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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