Europe Irrigation Valves Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Irrigation Valves Market Analysis
Europe's irrigation valves market is expected to register a CAGR of 6.5% during the forecasted period.
- An irrigation valve regulates the one-directional flow of water in an irrigation system. These valves are often found in sprinkler systems used for parks, golf courses, and home lawns. Moreover, irrigation valves help control water flow in above-ground and in-ground systems buried beneath the surface to present a less cluttered, more attractive landscape.
- With water increasingly becoming a scarce commodity, farmers have been seeking novel ideas to grow more crops with the same quantity of water. Irrigation machinery is witnessing high demand. This is expected to augment the growth of the market studied. Moreover, there is a growing demand for a drip irrigation system that uses irrigation valves to deliver water to various crops based on their growth phases. It also aids farmers in predicting agricultural productivity levels by detecting changes in soil moisture levels at any given time interval, allowing them to choose when to irrigate next. for European growers.
- Furthermore, government initiative is also driving the irrigation vales market in the region. For instance, The European innovation partnership for agricultural productivity and Sustainability (EIP-Agri) also supports the goals of rural development by encouraging innovation in agriculture and rural communities. Thus with such partnerships, the demand for sustainable irrigation methods would rise hence driving the studies market in forecasted years.
- The COVID-19 pandemic halted production and sales of various products in the industrial valves industry, owing primarily to a prolonged lockdown in major global countries such as Italy, the United Kingdom, and others. This significantly hampered the growth of the irrigation valve market in 2020.
- However, the high initial installation cost is limiting the market growth. Furthermore, the system's lengthy installation time and damage to irrigation components such as drip tubes caused by excessive sun heat exposure may limit the valves.
Europe Irrigation Valves Market Trends
Government Initiatives to Promote Water Conservation
- The rising demand for irrigation equipment in farms and agricultural lands, the growing adoption of modern techniques in agriculture, and several government initiatives for water conservation are creating a favorable market scenario for the studied market growth.
- For instance, the European Commission unveiled its European Union (EU) soil strategy for 2030, which aims to provide farmers with the tools and data they need to begin the transition. To support and scale farmer access to measurement, reporting, and verification (MRV) systems, the Commission assists member states in establishing free soil analyses while improving its geospatial analysis and modeling capacity for soil-related processes, thereby harmonizing monitoring and reporting requirements.
- According to the European Commission, in November 2022, the monthly EU trade flows of agriculture and food items reached a new high of EUR 36.9 billion (USD 43.55 billion), a 23% rise over the same period in 2021 (January-November). This can be explained by a 17% and 34% growth in the value of EU agri-food exports and imports, respectively.
- Furthermore, according to European Environmental Agency, the impact of climate change could result in up to 16% losses in EU agricultural income by 2050. In order for Europe to maintain sustainable agriculture, farmers must turn to organic and high nature value (HNV) farming rather than further intensification. As a result, the demand for automated and sustainable farming would rise. For instance, according to BÖLW, in 2022, there were 36,548 organic farming businesses in Germany. Thus the demand for irrigation valves would grow in forecasted years.
- According to the International Energy Agency (IEA), soil degradation costs EUR 97 billion (USD 114.46 billion) annually. This cost is significantly higher than the bill for agricultural subsidies under the Common Agricultural Policy. Such degradation is both a threat to food security and a financial burden. To combat soil degradation, there is an ongoing need for drip and sprinkler irrigation, which uses valves to deliver water to different crops based on their growth stages. It also helps farmers predict agricultural productivity levels by detecting changes in soil moisture levels over time and allowing them to decide when to irrigate next.
- Furthermore, droughts and heavy rains caused by climate change will exacerbate soil degradation. Hence, there is a constant need for irrigation to address this issue, which can be provided by using valves to control water release in the fields better. For instance, the European Commission's latest Common Agricultural Policy (CAP) reform aims to pave the way for scaling climate-smart agriculture. Eco-schemes will account for 18% of the CAP budget. These payments aim to incentivize farmers' long-term adoption of climate-smart practices by tying specific techniques to new revenue streams. Demand for irrigation valves is expected to rise as climate-smart agriculture becomes more popular in the coming years.
Germany Dominates the Market
- The European Union is divided into countries. For example, the average farm in Germany is 25 times larger than the average farm in Romania. These disparities span income, ownership structures, and agriculture type. Income, ownership structures, and agriculture type all contribute to these differences. As a result of its high awareness of irrigation valves, use of modern technologies, and R&D activities, Germany has the largest market share in the irrigation valves market by region.
- Furthermore, according to World Economic Forum (WEF), the adoption rate of climate-smart practices in Western Europe, like Germany, is at 45% compared to 21% in Eastern European countries. Hence, the strong need for irrigation valves in this country may be ascribed to the abundant supply of fresh water and ideal climatic conditions, such as adequate rainfall throughout the year, which assists in higher agricultural yields and hence drives demand.
- Furthermore, the European Commission approved Germany's CAP Strategic Plans in November 2022. Germany's Plan focuses on climate and environmental protection while also ensuring the competitiveness and resilience of farms and rural areas. Organic farming is specifically supported with nearly EUR 2.4 billion (USD 2.83 billion), and approximately 30% of agricultural land will benefit from practices that reduce emissions or maintain/improve carbon storage, improve soil quality, or improve water quality.
- Moreover, the German government intends to train and advise 2,80,000 farmers and rural stakeholders, as well as participate in other knowledge transfer activities, in order to help them improve their environmental and climate-related performance. Furthermore, specific funding will be made available to encourage the use of agricultural insurance schemes in the event of a drought or other adverse weather event. As a result of their use in sustainable farming techniques, such factors will drive the valves market in the coming years.
Europe Irrigation Valves Industry Overview
The Europe irrigation valves market is witnessing a rise in competitiveness among companies. The market consists of major players, such as Toro Company, Hunter Industries, Dickey-John Raven Industries, and Netafim USA. In terms of market share, these significant players currently dominate the market. However, with increasing technology innovations, many companies are increasing their market presence by securing new contracts and tapping new markets.
In April 2023, Nelson TWIG® Beta for automated irrigation control was released by Semios. This SemiosConnectTM connection makes irrigation system management easier than ever before by connecting Nelson TWIG®'s remote pump and valve automation control technology to Semios Water Management Tools. Growers may plan, monitor, schedule, and evaluate irrigation programs from a single location to maximize the use of limited water resources.
In July 2022, Netafim announced the installation of its drip irrigation system at the Euston Estate in Suffolk to ensure the project's long-term stability, increased yield, and carbon-storing capabilities. Over the first ten years, the project is expected to absorb 150,000 tonnes of CO2.
Europe Irrigation Valves Market Leaders
Dickey-John Corporation
Hunter Industries
Toro Company
Netafim USA
Raven Industries
*Disclaimer: Major Players sorted in no particular order
Europe Irrigation Valves Market News
- Feb 2023: Toro Ag introduced the Toro® 900 Series Valve. The 900 Series Valve provides growers with an efficient and dependable basis for irrigation system control, while designers benefit from versatile valve sizing to accommodate a wide range of applications. All of these advantages are packaged in a simple four-piece valve assembly that allows for simple in-field maintenance.
- November 2022: Netafim launched the world's first carbon credit program for drip-irrigated rice. This first program aims to reduce methane emissions from rice cultivation to near zero while providing additional long-term income to growers. Netafim's method, according to the company, uses 36% less energy and 30% less fertilizer. It also reduces methane emissions almost completely and arsenic uptake by 90%. Carbon credits and a drip irrigation system from Netafim will be available to farmers worldwide in 2023.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Technology Trends
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Value Chain Analysis
4.5 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increased Mechanization and Adoption of Smart Agricultural Technologies
5.1.2 Awareness Among Farmers About the Benefits of Automated Irrigation Technologies
5.1.3 Government Initiatives to Promote Water Conservation
5.2 Market Restraints
5.2.1 Lack of Good Infrastructure for the Efficient Functioning of Irrigation Automation Systems
5.2.2 High Costs Associated with the Installation and Lack of Technical Knowledge
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Metal Valves
6.1.2 Plastic Valves
6.2 By Valve Type
6.2.1 Ball Valve
6.2.2 Butterfly Valve
6.2.3 Globe Valve
6.2.4 Automatic Valves
6.3 Geography
6.3.1 United Kingdom
6.3.2 Germany
6.3.3 France
6.3.4 Rest of the Europe
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Ace Pump Corporation
7.1.2 Bermad CS Ltd
7.1.3 Netafim USA
7.1.4 Hunter Industries
7.1.5 Nelson Irrigation
7.1.6 Raven Industries
7.1.7 Tecnidro Srl
7.1.8 Fluidra S.A (Capex)
7.1.9 Rivulis Irrigation
7.1.10 Dickey-John
7.1.11 TeeJet Technologies
7.1.12 Toro Company
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK
Europe Irrigation Valves Industry Segmentation
Irrigation valves are used to create various watering zones in an irrigation system. This separation allows for different watering devices to be encompassed in a single system.
Europe's irrigation valve market is segmented by material types, including plastic & metal valves, by types of valves, including ball valves, butterfly valves, globe valves, and automatic valves, and by geography, including the United Kingdom, Germany, France, and the rest of Europe.
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
Frequently Asked Questions
What is the current Europe Irrigation Valves Market size?
The Europe Irrigation Valves Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Europe Irrigation Valves Market?
Dickey-John Corporation, Hunter Industries, Toro Company, Netafim USA and Raven Industries are the major companies operating in the Europe Irrigation Valves Market.
What years does this Europe Irrigation Valves Market cover?
The report covers the Europe Irrigation Valves Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Irrigation Valves Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Irrigation Valves Industry Report
Statistics for the 2024 Europe Irrigation Valves market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Irrigation Valves analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
