Micro Irrigation Market Size by Product, Application, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2029
Overview
Micro Irrigation Market was valued at US$ 5.90 Bn in 2022 and is expected to reach US$ 17.57 Bn by 2029, at a CAGR of 16.86% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Sprinkler irrigation is anticipated to hold the largest share in the global micro irrigation market during the forecast period. Growing protected farming trends and rising developments in sprinkler irrigation are expected to boost the micro-irrigation market growth across the globe.
Micro Irrigation Market Segment Analysis:
The Orchard crops segment is expected to lead the micro-irrigation market growth during the forecast period across the globe owing to the use of micro-irrigation is increasing the production of the crop. Plantation crops are estimated to generate the highest CAGR in the global market during the forecast period as rising demand for huge productivity of yields from the plantations.
Micro-irrigation help to improve the productivity of food is propelling the market growth across the globe. Increasing awareness regarding technological advancements among consumers is surging the global market growth. Various government bodies are focusing to increase the productivity of food using advanced equipment, and also they provide funds to farmers for purchasing this equipment.
The growing demand for solutions to increase the production of food is expected to boost the global market growth during the forecast period. Micro-irrigation has benefits such as a reduction in manual work, labour, and loss of crop are estimated to hold the largest share in the global market.
In addition, increasing disposable incomes of consumers and rising population subsequently increasing demand for food is another driving factor in the global market and at the same time, a high cost of maintenance is projected to act as a restraint to the global market. The report provides an in-detail list of drivers and restraints, which are influencing the market growth. Additionally, IT provides expected opportunities and emerging trends.
Micro Irrigation Market Regional Analysis:
The Asia Pacific is estimated to hold the largest share in the market during the forecast period. Growing demand for food and rising population are boosting the micro-irrigation market growth. Increasing awareness regarding the benefits of micro-irrigation among consumers is expected to surge the market growth. India and China are expected to fuel the micro-irrigation market growth owing to the increasing GDP of these countries and the live-hood of people is majorly dependent on farming.
The ninth international micro-irrigation conference held in India is also expected to drive the micro-irrigation market growth in a positive way. North America is also expected to hold the largest share in the market during the forecast period rising innovation of products and easy availability of micro-irrigation in the market.
The report includes a detailed study of Porter’s Five Forces model to analyse the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Micro Irrigation Market, Key Highlights:
Global market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market
Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
Global market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global market are also profiled.
Scope of the Global Micro Irrigation Market :Inquire before buying
| Global Micro Irrigation Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 5.90Bn. |
| Forecast Period 2023 to 2029 CAGR: | 16.86% | Market Size in 2029: | US $ 17.57 Bn. |
| Segments Covered: | by Product | Sprinkler Irrigation Drip Irrigation |
|
| by Application | Plantation Crops Field Crops Orchard Crops |
||
Micro Irrigation Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Some of The Prominent Key Players in Global Micro Irrigation Market Are:
1.Valmont Industries, Inc.
2.Hunter Industries
3.The Toro Company
4.Jain Irrigation Systems Ltd.
5.Nelson Irrigation
6.Netafim Ltd.
7.Lindsay Corporation
8.T-L Irrigation Co.
9.Rain Bird Corporation
10.Rivulis Irrigation
11.Netafim
12.Rivulis
13.Harvel
14.Mahindra EPC Irrigation
15.Irritec S.p.A.
Frequently Asked questions:
1. What is the market size of the Global Micro Irrigation Market in 2022?
Ans. The market size Global market in 2022 was US$ 5.90 Billion.
2. What are the different segments of the Global Micro Irrigation Market?
Ans. The Global market is divided into Product and Application.
3. What is the study period of this market?
Ans. The Global market will be studied from 2022 to 2029.
4. Which region is expected to hold the highest Global Micro Irrigation Market share?
Ans. The Asia Pacific dominates the market share in the market.
5. What is the Forecast Period of Global Micro Irrigation Market?
Ans. The Forecast Period of the market is 2023-2029 in the market.