North America Irrigation Valves Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Irrigation Valves Market Analysis
The North America Irrigation Valves market was valued at USD 1,051.1 million during the current year and is anticipated to reach USD 1,375.0 million by the end of the forecast period, registering a CAGR of 5.5% during the forecast period. Several factors, like increasing population, growing adoption of advanced technologies, increasing initiatives for water conservation, raising awareness of automated irrigation, etc., are playing an essential role in the growth of the studied market.
- Smart irrigation systems are becoming rapidly popular among farmers and homeowners due to their numerous benefits. A smart irrigation system is programmed remotely to turn off or on the water flow when it detects a problem. This aids in preventing water waste, reduces water bills, and simultaneously saves the environment.
- The traditional irrigation systems have led to enormous amounts of fresh water getting wasted in the seas. Smart irrigation systems have become the answer to wastefulness and inefficient crop watering problems. An IoT-based smart irrigation technology waters plants when it is truly needed, as these smart sprinkler systems are fully automated and controlled by sophisticated sensor technology. Additionally, new advancements like low-flow rate emitters, micro-sprinklers plus variable rate irrigation, and moisture sensors enable farmers to precisely manage how much and how often they run their automatic sprinkler systems to meet their crop needs.
- Risers, timers, and valves are the parts that are commonly utilized in most irrigation systems. Valves allow a farmer to adjust the application rate between different system sections. Hence, the increasing adoption of sophisticated irrigation technology is anticipated to offer lucrative opportunities for the growth of the studied market.
- To cater to the increasing demand for irrigation valves, several market players are launching advanced products by way of extensive investments in R&D and collaborations. For instance, in June 2021, PRIER launched a new P-6IV irrigation valve, which comes with a built-in elbow that swivels to facilitate easy installation and reduced cost for extra parts. It allows servicing from the structure's exterior rather than entering the residence. The P-6IV is available in 12 lengths to suit a broad range of installation needs across the United States and Canada.
- On the flip side, raw materials account for more than half of the overall cost of the product. The quantity of R&D required to meet the advances in the valves market is significant. Such challenges limit the ability of irrigation valve manufacturers and suppliers to meet market demand. Furthermore, raw materials such as stainless steel, ductile iron, and carbon steel in the form of the forge are critical in the manufacture of valves. Prices for these products have been rising and fluctuating for a variety of reasons, including increased transportation costs. As a result, these factors are projected to impede market growth over the forecast period.
- Moreover, the impact of COVID-19 on the region's agriculture was severe due to movement restrictions and the shutdown of restaurants across the region. The demand for agricultural commodities declined, along with prices, as consumers faced local food shortages. This is anticipated to restrain the growth of the studied market.
North America Irrigation Valves Market Trends
Growing Population and the Need for Water Conservation is Expected to Drive the Market's Growth
- According to US Census Bureau, the total population in the United States was estimated at 332.4 million people in 2021, an increase from the 2018 population, which accounted for 326.84 million. Such a huge population increase would increase the demand for agricultural products, creating an opportunity for the studied market to grow.
- Agriculture intensification and expansion to feed a growing population is a crucial source of concern for food security and biodiversity in the region. The Sustainable Development Goals (SDGs) were established to resolve the trade-off between food security and environmental damage. Indeed, the global food production system and the preservation of biodiversity within and surrounding agricultural land have an impact on SDGs such as zero hunger, clean water, life on land and in water, and climate action. All agricultural operations, regardless of kind, should design and implement a conservation strategy based on Natural Resources Conservation Service recommendations (NRCS). An Irrigation Water Management Strategy can be prepared as part of this plan to address site-specific water usage needs, such as the amount of water necessary for each irrigation cycle (including leaching requirements), To recognize and control irrigation erosion, determine application uniformity, undertake system maintenance to ensure smooth operation. The drive for sustainability is anticipated to offer lucrative opportunities for the growth of the studied market.
- Resultantly, in October 2022, it was announced that farmers were being paid to limit their water use and conserve wildlife and water quality in the Delta as part of the State of California's Delta Drought Response Pilot Program. The Sacramento-San Joaquin Delta Conservancy leads the program in collaboration with the Department of Water Resources (DWR), the Office of the Delta Watermaster, and the Nature Conservancy. The initiative works with farmers to develop water-saving techniques, safeguard Delta water quality, enhance soil health, and alleviate the effects of drought on fish and migrating birds. The show debuted in January 2022. The program's first phase, which offered USD 8 million in funding, was a success, with over 8,700 acres participating.
- Moreover, in October 2022, The United States Agency for International Development (USAID) and the Department of State launched the United States Global Water Strategy 2022-2027. The Strategy will assist lead the United States government's activities over the next five years to advance health, prosperity, stability, and resilience by improving water resource management and increasing access to safe drinking water, sanitation, and hygiene. The Strategy is the primary vehicle for implementing the White House Action Plan on Global Water Security, and it is based on Senator Paul Simon's Water for the World Act of 2014. Fourteen Agency-specific plans from throughout the Federal government supplement the Strategy by bringing together the full weight of the United States government's skills, experience, and resources to solve the issue. Such initiatives are likely to increase the adoption of advanced irrigation valves in the region.
- Further, in December 2022, the federal government of Canada set an aim of protecting 30% of Canada's land and water by 2030, citing scientific evidence that nature requires assistance to reverse biodiversity declines, combat climate change, and maintain a robust, sustainable economy. The federal government owns most land in Canada. It owns or leases about 25 000 properties across Canada, totaling over 30 million hectares. National parks, experimental farms, and wildlife zones are examples of these lands. In addition, Nunavut and the Northwest Territories have over 240 million hectares of federal royal territory.
The United States is Expected to Witness a High Market Growth
- The United States holds the highest market share in North America Irrigation Valves Market by Region due to increased awareness about irrigation valves, advanced technologies, and research & development activities. The prominent use of irrigation valves in this region can be ascribed to the great supply of fresh water and ideal climatic circumstances, such as adequate rainfall throughout the year, which aids in improved farm produce, hence pushing their demand. Growing emphasis on the agriculture sector, as well as an increased understanding about the efficient use of farm resources such as water for sustainable crop production, will contribute to regional revenue creation during the projection period.
- The rise in the production of agricultural products in the region is expected to drive the studied market. For instance, according to the US Department of Agriculture, In 2021, approximately 1.65 billion bushels of wheat was produced in the country. In 2021, the entire value of wheat production in the United States was estimated to be at USD 9.1 billion. Further, there were little over 2.01 million farms in the United States in 2021.
- Additionally, the government policies towards the development of agriculture in the region would create several opportunities for the local and international players to develop products to carter wide range of needs of customer. For instance, the Agriculture Improvement Act of 2018 (2018 Farm Act) consists of 12 titles that cover a wide range of food and agriculture policy topics. The Congressional Budget Office (CBO) estimated that the 2018 Farm Act would cost USD 428 billion over five years, from 2019 to 2023. Nutrition programs account for almost three-fourths of this amount, with crop insurance, conservation, and commodities accounting for nearly all of the remainder.
- Moreover, the firms in the region are providing new products to capture a wide range of market needs. For instance, in August 2021, PRIER Equipment, Inc., a manufacturer of brass plumbing products, introduced an innovation. The new irrigation valve, P-6IV, has a built-in swivel elbow enabling quick installation and lower costs for superfluous parts. It's also designed with the homeowner and contractor in mind, allowing service from the structure's exterior rather than entering the home. Most installations necessitate the contractor entering the home to drain the system in preparation for winterization. The new PRIER valve may be accessible from the outside, eliminating the need for the homeowner to be present or allowing access to the contractor for annual servicing.
- Also, in January 2021, Grow Irrigation, Inc. announced the expansion of its partnership with Netafim, a significant manufacturer of drip and micro irrigation products. Grow Irrigation added to its comprehensive selection of Netafim's Greenhouse and Nursery products and brought on Netafim's Disc-Kleen automatic disc filtration stations. The lineup is claimed to offer the components needed for the most demanding greenhouse and indoor grow operations.
North America Irrigation Valves Industry Overview
The North America Irrigation Valves Market is a moderately competitive market with the presence of several significant players like Ace Pump Corporation, Bermad CS Ltd, Netafim USA, Nelson Irrigation, etc. The market players are striving to cater to consumers' complex and evolving needs through innovation, R&D, collaborations, and mergers.
In January 2023, Rain Bird expanded its Golf Solenoid Valve Series product line with a new IC variant. This new variant extends the many advantages of GSV Series Valves to courses that now use the Rain Bird IC System, which connects central irrigation control directly to every rotor and valve for maximum water and energy efficiency. GSV Series Valves are protected from harsh chemicals and reclaimed water with a chlorine-resistant diaphragm. A scrubber mechanism with a stainless steel screen dislodges grit and plant material on plastic models, protecting the valve from debris. The GBS25 solenoid's built-in filtration provides a second level of debris prevention. For usage with non-potable water, the plastic and brass variants come with an extra purple flow-control handle cover.
In May 2022, Netafim U.S.A., a subsidiary of Netafim Ltd. and a producer of precision irrigation systems such as irrigation valves and sprinklers, extended its manufacturing footprint in the United States. FlexNet, the company's unique, high-performance, flexible, lightweight piping solution for above- and below-ground drip irrigation systems, would be manufactured in Fresno, California. Netafim has invested in local manufacturing to more efficiently create and deliver FlexNet to customers across the Americas, as well as to provide growers with more bespoke configuration possibilities.
North America Irrigation Valves Market Leaders
Ace Pump Corporation
Nelson Irrigation
Netafim USA
Fluidra S.A (Capex)
Rivulis Irrigation
*Disclaimer: Major Players sorted in no particular order
North America Irrigation Valves Market News
- October 2022: The prominent irrigation components manufacturer Komet Austria GmbH announced that it had entered into a growth partnership with Trill Impact. With the partnership, companies seek to address global challenges like water scarcity, a growing population, and an increased need for food security.
- March 2022: NIBCO INC. announced that it had expanded its line of high-performance ball valves to include 2 ", 3" and 4" sizes of the 585HP-LF and 585HP-66-LF bronze ball valves in solder, threaded, and press end connections. They are intended for commercial and industrial applications and are lead-free and corrosion-resistant 585HP full port ball valves that facilitate easier installation, adjustability, and long service life.
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 Impact of COVID-19 on the Market
4.3 Industry Value Chain Analysis
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing population
5.1.2 Growing need for water conservation (Increasing preference for eco-friendly and sustainable practices in agriculture)
5.1.3 Advancements in Technology and R&D
5.2 Market Restraints
5.2.1 Lack of data management and aggregation
5.3 Market Opportunities
5.3.1 Increase in demand for automation
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
6.2.5 Others
6.3 By Application
6.3.1 Agricultural Applications
6.3.2 Non-Agricultural Applications
6.4 By Country
6.4.1 United States
6.4.2 Canada
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 IPEX Inc.
7.1.8 Tecnidro Srl
7.1.9 Fluidra S.A (Capex)
7.1.10 Rivulis Irrigation
7.1.11 Dickey-John
7.1.12 TeeJet Technologies
7.1.13 Toro Company
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK
North America Irrigation Valves Industry Segmentation
An irrigation valve aids in regulating the one-directional flow of water in an irrigation system. These valves are often found in sprinkler systems. They help control water flow in above-ground systems as well as in-ground systems that have been buried well beneath the surface to present a less cluttered, more attractive landscape.
The North America Irrigation Valves Market is segmented by Material Type (Metal Valves, Plastic Valves), Valve Type (Ball Valve, Butterfly Valve, Globe Valve, Automatic Valves), Application (Agricultural Applications, Non-agricultural applications), and Country. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
| By Material Type | |
| Metal Valves | |
| Plastic Valves |
| By Valve Type | |
| Ball Valve | |
| Butterfly Valve | |
| Globe Valve | |
| Automatic Valves | |
| Others |
| By Application | |
| Agricultural Applications | |
| Non-Agricultural Applications |
| By Country | |
| United States | |
| Canada |
Frequently Asked Questions
What is the current North America Irrigation Valves Market size?
The North America Irrigation Valves Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in North America Irrigation Valves Market?
Ace Pump Corporation, Nelson Irrigation, Netafim USA, Fluidra S.A (Capex) and Rivulis Irrigation are the major companies operating in the North America Irrigation Valves Market.
What years does this North America Irrigation Valves Market cover?
The report covers the North America Irrigation Valves Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Irrigation Valves Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Irrigation Valves Industry Report
Statistics for the 2024 North America Irrigation Valves market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America 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.
