Micro-Irrigation Systems Industry Overview
|Study Period:||2018 - 2028|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||Asia Pacific|
*Disclaimer: Major Players sorted in no particular order
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Micro-Irrigation Systems Market Analysis
The micro-irrigation systems market is projected to register a CAGR of 11.4% during the forecast period (2022-2027). Despite qualifying as essential services during lockdowns in many countries, irrigation agencies faced difficulty securing equipment, inputs, and maintenance. They also faced significant fiscal stress due to additional costs and lower revenues from state transfers and tariffs. It has been noted that a lack of accessibility to irrigation equipment and other inputs was the major issue faced by farmers. Micro-irrigation technologies are one of the most effective systems used by farmers in many developed economies to reduce water wastage. Thus, major companies like Netafim Ltd offer drip irrigation systems that can be embedded in pipes to simplify the process of installation while creating sustainable agricultural production and improving the livelihood and economic position of millions of smallholder farmers. Automatic drip irrigation is essential for controlling soil moisture, especially in the case of specialized greenhouse vegetables. Total automation of drip irrigation systems provides a simple, meticulous method for controlling soil moisture and applying water. Effective time management, elimination of human errors in terms of estimation, and adjustment of available soil moisture levels are some of the factors augmenting the demand for automatic drip irrigation systems. Furthermore, these systems are expected to increase profits generated per yield.
Micro-Irrigation Systems Industry Segments
The report defines micro-irrigation systems in terms of end users. The report only considers the irrigation equipment used in agricultural practices. Industrial applications are not a part of the report. The component segment of the report does not include the after-sales market.
The micro-irrigation systems market is segmented by mechanism, component, cultivation technology, application, and geography. The report offers market size and forecast in value (USD million) for all the above segments.
|Drip Irrigation System|
|Sprinkler Irrigation System|
|Other Micro-irrigation Systems|
|By Cultivation Technology|
|Orchards and Vineyards|
Micro-Irrigation Systems Market Trends
This section covers the major market trends shaping the Micro-Irrigation Systems Market according to our research experts:
Agricultural Water Scarcity Pushing Farmers Toward the Adoption of Micro Irrigation
The micro-irrigation systems market is primarily driven by the need to increase crop productivity while addressing water scarcity issues. Thus, governments are focusing on formulating initiatives to increase the usage of micro-irrigation systems while limiting water shortage. With water increasingly becoming a scarce commodity, farmers have been seeking novel ideas to grow more crops with the same quantity of water. Micro-irrigation systems, including sprinklers and drippers, are witnessing high demand, which is expected to augment the market’s growth. The Indian Agricultural Research Institute (IARI) established the design of a micro-irrigation system (DOMIS). It is a web-based application system that helps design customized micro-irrigation systems for efficient water utilization under several agro-climatic conditions. The institute plans to develop devices that utilize low amounts of water to help farms. The global population has been increasing significantly over the past few years, along with the demand for food. Sprinkler and drip irrigation systems provide limited quantities of water to farms with minimal wastage compared to conventional gravity flow irrigation.
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Asia-Pacific is the Fastest-growing Market
China is one of the leading manufacturers of micro-irrigation system components. China exports micro-irrigation system components to many countries. Its exports are further expected to grow in the future. The Asian Development Bank is encouraging small farmers in China to use micro-irrigation. India is largely dependent on rainfed agriculture. The use of a micro-irrigation system may help the Indian agricultural sector reduce its dependence on rain and increase productivity. The most popular technologies used in India are drip irrigation and sprinkler irrigation. Drip irrigation has the highest market share in India. The Indian government approved micro-irrigation coverage by doubling the Micro Irrigation Fund (MIF), created in collaboration with the National Bank for Agriculture and Rural Development (NABARD), to USD 1.32 billion in 2021-2022. This fund is registered under the Pradhan Mantri Krishi Sinchayee Yojna (PMKSY). Apart from China and India, countries such as Vietnam, Korea, Bangladesh, and Pakistan continue to have large market shares.
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Micro-Irrigation Systems Market Competitor Analysis
The micro-irrigation systems market is consolidated, with the top five companies accounting for more than 60% of the market share. With the governments boosting the penetration of water conservation and efficiency driven by micro-irrigation systems, the market is expected to witness double-digit growth in the future. The major players in the market include Jain Irrigation Systems Limited, Netafim Limited, Lindsay Corporation, Rivulus Irrigation Limited, and The Toro Company.
Micro-Irrigation Systems Market Top Players
Jain Irrigation Systems Limited
Rivulus Irrigation Limited
The Toro Company
*Disclaimer: Major Players sorted in no particular order
Micro-Irrigation Systems Market Recent Developments
In February 2022, Netafim USA, a subsidiary of Netafim Ltd, launched its new AlphaDisc™ filter, a new filter designed to protect irrigation systems against clogging caused by organic contaminants.
In August 2021, Jain Irrigation Systems, United Planters' Association of Southern India (UPASI), and NaanDanJain Irrigation collaborated with The Consulate General of Israel to South India to launch a Smart IoT Irrigation Project in Tea Plantation in Ooty, Tamil Nadu. Smart IoT Irrigation is an innovative Israeli technique that uses water judiciously and helps farmers achieve higher crop yields with a minimal amount of water.
In 2020, Lindsay Corporation, a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, launched FieldNET with WaterTrend, a new feature that gives growers critical crop water usage insights to aid in effective and efficient irrigation decision-making.
In January 2019, Lindsay Corporation and Nutrien AG Solutions, the world’s largest crop input and service provider, announced a partnership that will enable Nutrien AG Solutions and Lindsay’s remote irrigation management and scheduling platform to leverage irrigation offerings to the market.
Micro-Irrigation Systems Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Mechanism
5.1.1 Drip Irrigation System
5.1.2 Sprinkler Irrigation System
5.1.3 Other Micro-irrigation Systems
5.2 By Component
5.2.1 Drip Irrigation Components
22.214.171.124 Valves and Filters
126.96.36.199 Pressure Regulators
188.8.131.52 Other Drip Irrigation Components
5.2.2 Sprinkler Irrigation Components
184.108.40.206 Pressure Regulators
220.127.116.11 Other Sprinkler Irrigation Components
5.3 By Cultivation Technology
5.3.1 Open Field
5.3.2 Protected Cultivation
5.4 By Application
5.4.1 Field Crops
5.4.2 Orchards and Vineyards
5.4.4 Plantation Crops
5.4.5 Other Applications
5.5 By Geography
5.5.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.5.4 South America
18.104.22.168 Rest of South America
22.214.171.124 South Africa
126.96.36.199 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Jain Irrigation Systems Limited
6.3.2 Netafim Limited
6.3.3 Lindsay Corporation
6.3.4 The Toro Company
6.3.5 Deere & Company
6.3.6 Rivulis Irrigation Limited
6.3.7 Harvel Agua
6.3.8 EPC Industrie
6.3.9 Nelson Irrigation Corporation
6.3.10 Rain Bird Corporation
6.3.11 Elgo Irrigation Ltd
6.3.12 Antelco Pty Ltd
6.3.13 Kothari Agritech Private Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
Micro-Irrigation Systems Market Research FAQs
What is the study period of this market?
The Micro-Irrigation Systems Market is studied from 2018 - 2028.
What is the growth rate of Micro-Irrigation Systems Market?
The Micro-Irrigation Systems Market is growing at a CAGR of 11.4% over the next 5 years.
Which region has highest growth rate in Micro-Irrigation Systems Market?
Asia Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Micro-Irrigation Systems Market?
Asia Pacific holds highest share in 2021.
Who are the key players in Micro-Irrigation Systems Market?
Jain Irrigation Systems Limited, Netafim Limited, Lindsay Corporation, Rivulus Irrigation Limited, The Toro Company are the major companies operating in Micro-Irrigation Systems Market.
Micro-Irrigation Systems Industry Reports
In-depth industry statistics and market share insights of the Micro-Irrigation Systems sector for 2020, 2021, and 2022. The Micro-Irrigation Systems research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Micro-Irrigation Systems report PDF.