Growth Drivers of Micro Irrigation System Market 2022-2030 based on Key Players (Netafim, Jain Irrigation Systems, The Toro, Rain Bird, Hunter, Rivulis, etc.) Types and Applications | Emergen Research

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Growth Drivers of Micro Irrigation System Market 2022-2030 based on Key Players (Netafim, Jain Irrigation Systems, The Toro, Rain Bird, Hunter, Rivulis, etc.) Types and Applications | Emergen Research

June 28
20:52 2022
Growth Drivers of Micro Irrigation System Market 2022-2030 based on Key Players (Netafim, Jain Irrigation Systems, The Toro, Rain Bird, Hunter, Rivulis, etc.) Types and Applications | Emergen Research
Emergen Research | Micro Irrigation System Market
Micro Irrigation System Market Rapid advancements and innovation in micro irrigation system technologies such as drip and sprinkler irrigation is a key factor driving market revenue growth

The global micro irrigation system market size was USD 9.70 Billion in 2021 and is expected to register a revenue CAGR of 9.4% during the forecast period, according to latest analysis by Emergen Research. Technological advancements in micro-irrigation systems and launch of advanced systems that aid in saving water are some key factors projected to drive market revenue growth between 2021 and 2030. Farmers are becoming more aware of advantages of micro-sprinkler irrigation and are shifting away from flood irrigation toward micro-sprinkler systems. In addition, farmers are turning to micro-irrigation since traditional irrigation technologies have various drawbacks including water wastage, challenges irrigating mountainous terrain, and unequal water distribution, among others. Moreover, micro-irrigation can also increase yields while lowering costs associated with water, fertilizer, and labor. Furthermore, manufacturers are launching innovative products, which is expected to drive revenue growth of the market. On 31 August 2019 for example, Rivulis Irrigation India, which is a part of global micro irrigation firm Rivulis Israel, launched Manna, which is a satellite-based software solution for irrigation in the country.

The report considers the COVID-19 pandemic as one of the key influencing factors of the Micro Irrigation Systems market. The report discusses in detail the positive and negative impact of the pandemic on the Micro Irrigation Systems industry. The supply chain disruptions and economic volatility have altered the dynamics of the Micro Irrigation Systems industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario. 

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Some Key Highlights From the Report

  • The open field segment accounted for largest revenue share in 2021. Open field farming allows cultivation over large areas and is also cost-effective. In addition, open field crop production allows growing crops naturally where the roots are well-adapted, under the appropriate climate conditions, and during suitable seasons.
  • The drip irrigation system segment is expected to register a rapid revenue CAGR during the forecast period. This system is generally used in arid and semi-arid regions with scarcity of water as it has a better rate of saving water and fertilizers. It enables application of water directly to plant crop roots, which reduces overwatering, runoff, and evaporation. This has increased demand for drip irrigation systems and driving revenue growth of this segment.
  • North America market accounted for largest revenue share in 2021. This can be attributed to increasing government funding for conducting R&D activities to drip irrigation technologies, which is also expected to contribute to revenue growth of the market. For example, Israeli Company Netafim has exported drip technology to several small firms in water sparse areas of Paraguay.
  • On 05 December 2019, The Toro Company launched Toro Aqua-Traxx Azul, which is a clog resistant drip tape with latest advancement in precision irrigation. This tape was designed to offer great quality and performance and is more effective in resisting clogging.

The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Micro Irrigation Systems market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Micro Irrigation Systems market landscape.

The Micro Irrigation Systems research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

The key companies studied in the Micro Irrigation Systems report are:

Jain Irrigation Systems Ltd., Netafim, The Toro Company, Nelson Irrigation, T-L Irrigation, Microjet, JSS Irrigation, Valmont Industries, Inc., Rivulis, Reinke Manufacturing Co., Inc., Hunter Industries, and Irritec S.p.A.

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Emergen Research has segmented the global micro irrigation system market based on mechanism, component, cultivation technology, crop type, application, and region:

  • Mechanism Outlook (Revenue, USD Billion; 2019–2030)
    • Sprinkler Irrigation System
    • Drip Irrigation System
    • Others
  • Component Outlook (Revenue, USD Billion; 2019–2030)
    • Sprinkler Irrigation Components
      1. Tubing
      2. Pressure Regulators
      3. Nozzles
      4. Others
    • Drip Irrigation Components
      1. Drippers
      2. Pressure Regulators
      3. Valves and Filters
      4. Tubing
      5. Others
  • Cultivation Technology Outlook (Revenue, USD Billion; 2019–2030)
    • Protected Cultivation
    • Open Field
  • Crop Type Outlook (Revenue, USD Billion; 2019–2030)
    • Plantation Crops
    • Vegetables
    • Orchards & Vineyards
    • Field Crops
    • Others
  • Application Outlook (Revenue, USD Billion; 2019–2030)
    • Agricultural
    • Industrial
    • Others
  • Regional Outlook (Revenue, USD Billion; 2019–2030)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of Middle East & Africa

The report addresses the following key points:

  • The report provides a forecast of market drivers, restraints, and future opportunities for the Micro Irrigation Systems market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

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