Irrigation Equipment Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of Irrigation Equipment Market was valued at USD 4.6 billion in 2022, and CAGR of 18.1% is expected during the forecast period. Increasing water scarcity, and government initiatives for water conservation is driving growth in the market significantly. Increasing adoption of precision farming techniques, and increasing emphasis on organic farming is driving growth in the market significantly.

Technological advancements in agricultural methods, and increasing automation in irrigation systems are expected to generate growth opportunities for the stakeholders in this market is driving growth. Rising disposable income of farmers in all over the world is another key factor.

Growth Drivers

Increasing awareness of water scarcity in the world is growing among people in the world significantly. Increasing adoption of Precision farming techniques are driving growth in the market. Growing need to mechanize agricultural operations is driving growth in Irrigation Equipment Market. Rising disposable income had made farmers capable of buying modern agricultural irrigation equipment. Government initiatives for water conservation is driving growth in the market significantly.

Increasing demand for efficiency in crop yield is the main factor behind the growth in this market significantly. Automation in Irrigation systems, and Government emphasizing to provide subsidies to farmers is the main factor behind the significant growth in the market. Expansion of agriculture in arid and semi-arid region is driving growth in the market. Growing global population ultimately demand for more food, which is turn requires better crop yield in efficient manner. For higher agricultural productivity, the need for irrigation equipment is rapidly growing.

Segmentation

By Components

·         Tubing

·         Sprinklers

·         Emitter/Drippers

·         Pumping

·         Irrigation Valves

·         Filters

·         Connectors

·         Irrigation Controllers

·         Sensors

·         Pressure Regulators

·         Other Components

By Irrigation Type

·         Drip Irrigation

·         Sprinkler Irrigation

·         Pivot Irrigation

·         Other Irrigation Types

By Application

·         Agricultural Irrigation Equipment

·         Non-Agricultural Irrigation Equipment

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Irrigation Equipment Market by Irrigation Type Segmentation

On the basis of Irrigation type, the Irrigation equipment market is segmented by drip irrigation, sprinkler irrigation, pivot irrigation, and Others. Drip Irrigation is the leading segment, and is expected to dominate the market during the forecast period because it is highly efficient in delivering water directly to the root zone of the plants, minimizing losses due to evaporation. This targeted approach reduces water wastage significantly compared to traditional irrigation methods like flood irrigation.

By delivering water, and nutrients precisely, where they are needed drip irrigation, it promotes healthier plant growth and optimize root development. Although drip irrigation requires high initial investment, but long-term operational costs are generally low due to the reduced water usage, energy savings, and labor efficiency. Drip irrigation systems are adaptable to different terrains, including sloppy land, where other irrigation methods are less effective or costlier to implement. Global efforts are needed to promote sustainable agriculture and mitigate water scarcity issues are driving growth in the market.

Ongoing advancements in drip irrigation technology, such as the integration of sensors, automation and precision control systems further enhance efficiency, and ease of use for farmers. Drip irrigation method is increasingly popular worldwide, particularly in regions, facing water scarcity, or where agriculture is expanding into arids, and semi-arids area. In order to obtain the increasing crop yield in efficient manner is the demand for the time. Rising disposable income of farmers is growing in all over the world significantly. Sprinkler, and Pivot Irrigation are also popular method of irrigation. Sprinkler irrigation is a method to apply water on the crop in controlled manner through a system of pipes, and nozzles, that spray water into the air.

Regional Outlook

On the basis of the regions, the irrigation equipment market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. Asia Pacific is the leading segment, and is expected to dominate during the forecast period due to large agricultural sectors, increasing adoption of irrigation technologies, and Rising disposable income of farmers in all over the world is the key factor behind the growth in the market. China, Japan, India, and South Korea dominate the market in the region due to large agricultural land available for farmers.

Increasing trend of precision farming in the region is the key factor behind the significant growth in the market. Varying level of water availability across different countries in Asia Pacific region is the key factor behind the significant growth in the market. Water scarcity, and the need for sustainable water management practices are key challenges driving the adoption of efficient irrigation systems in the world. Growing adoption of advanced irrigation technologies such as drip irrigation is driving growth in the market.

North American market for irrigation equipment is mature, and characterized by high technological adoption, and stringent regulatory standards. United States of America, and Canada lead the market with a strong presence of established manufacturers, and supplier of irrigation equipment. Precision agricultural technologies including GPS guiding irrigation systems and sensor-based smart irrigation, are increasingly popular in North America. Water conservation, and sustainability are driving factors in the adoption of efficient irrigation systems, supported by government policies promoting water efficient farming practices. North American region emphasizes over precision, and efficiency in water management.

European countries represent a significant market for irrigation equipment driven by the region’s diverse agricultural landscape and the need to optimize water use due to varying climatic conditions are driving growth in the market. In Europe, there is a high adoption rate of advanced irrigation technologies such as drip irrigation, sprinkler systems, and soil moisture sensors. Strict environment regulations and policies promoting sustainable agriculture play a crucial role in shaping the irrigation equipment market. Challenges of water scarcity, and changing climate patterns, and the need for resource-efficient farming practices present opportunities for innovative irrigation solutions. Middle East and Africa, and Latin America are witnessing low growth due to less agricultural practices in the region.

Key Players

·         The Taro Company

·         Jain Irrigation Systems Ltd.

·         Netafim Ltd.

·         Lindsay Corporation

·         Hunter Industries Inc.

·         Nelson Irrigation Corporation

·         Galcon Bakarim Agricultural Cooperative Society Ltd.

·         Rivulis Irrigation Ltd.

·         T-L Irrigation Company

·         Other Players