Quick Summary:
As the world prioritizes sustainable water management and enhanced crop yield, the global Micro Irrigation Systems market anticipates a substantial growth, from US$9.4 billion in 2022 to a forecasted US$15.7 billion by 2030. This movement underlines an immediate need for a cutting-edge understanding of the market dynamics, competitive landscape and future growth pockets, offered exclusively in our detailed and comprehensive market research report.
Our report delivers granular insights to business leaders, enhancing decision-making processes and identifying optimal growth strategies in this burgeoning market. It offers an in-depth analysis of regional performance, highlighting the US as a significant market with an estimated value of $2.6 billion while predicting China's remarkable growth at 10.6% CAGR. Benefit from our thorough analysis of 28 key competitors, their competitive standings and market shares, as well as exclusive peer-to-peer collaborative updates and complimentary access to our digital archives for a year.
Global Micro Irrigation Systems Market to Reach $15.7 Billion by 2030
The global market for Micro Irrigation Systems estimated at US$9.4 Billion in the year 2022, is projected to reach a revised size of US$15.7 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030. Drip, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$11.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Micro sprinkler segment is readjusted to a revised 7.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 10.6% CAGR
The Micro Irrigation Systems market in the U.S. is estimated at US$2.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 10.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.Select Competitors (Total 28 Featured) -
- Antelco Pty Ltd.
- Chinadrip Irrigation Equipment (Xiamen) Co., Ltd.
- Deere & Company
- Elgo Irrigation Ltd.
- EPC Industrie Limited
- Harvel Agua India Private Limited
- Jain Irrigation Systems Ltd.
- Kothari Agritech Pvt. Ltd.
- Lindsay Corporation
- Nelson Irrigation Corporation
- Netafim Ltd.
- Rain Bird Corporation
- Rivulis Irrigation
- The Toro Company
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Micro Irrigation Systems?
What is the growth rate of the Global Market for Micro Irrigation Systems?
What is the forecasted size of the Global Market for Micro Irrigation Systems?
Who are the key companies in the Global Market for Micro Irrigation Systems?
| Report Attribute | Details |
|---|---|
| No. of Pages | 173 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 9.4 Billion |
| Forecasted Market Value ( USD | $ 15.7 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Antelco Pty Ltd.
- Chinadrip Irrigation Equipment (Xiamen) Co., Ltd.
- Deere & Company
- Elgo Irrigation Ltd.
- EPC Industrie Limited
- Harvel Agua India Private Limited
- Jain Irrigation Systems Ltd.
- Kothari Agritech Pvt. Ltd.
- Lindsay Corporation
- Nelson Irrigation Corporation
- Netafim Ltd.
- Rain Bird Corporation
- Rivulis Irrigation
- The Toro Company
