Meticulous Research®, a global leader in market research, has published its latest report, titled *"Micro-irrigation Systems Market  by Type (Sprinkler, Drip, Spray), Offering (Hardware, Software, Services), Crop (Plantation, Orchard & Vineyards, Field), Application (Agriculture, Sports, Residential, Commercial), and Geography - Global Forecasts to 2030."* According to the report, the global micro-irrigation systems market is projected to reach $20.2 billion by 2030, growing at a CAGR of 8.6% from 2023 to 2030.

 

The market growth is primarily driven by the increasing need to maximize crop yields, government-led water conservation efforts, and the adoption of modern agricultural practices. The growing integration of automation in irrigation systems and support for irrigation infrastructure projects offer additional growth opportunities. However, high initial investments in micro-irrigation systems pose a significant barrier to entry, and the lack of awareness about advanced irrigation technology in developing regions remains a key challenge.

 

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Technological advancements, such as the integration of artificial intelligence (AI) and Internet of Things (IoT) technologies, are becoming trends in the micro-irrigation sector. Additionally, the concept of "irrigation as a service" (IaaS) is gaining traction as a market trend.

 

The report segments the global micro-irrigation systems market by type, offering, method, crop type, and application. It also provides competitive analysis and regional market insights.

 

By type, the market is categorized into sprinkler irrigation, drip irrigation, spray irrigation, subsurface irrigation, and bubbler irrigation. In 2023, the sprinkler irrigation segment is expected to dominate due to the need for small sprinklers or sprayers that distribute water efficiently, enhancing water-use efficiency and crop yields. However, the drip irrigation segment is projected to grow at the highest CAGR during the forecast period. The rising need for a cost-effective, sustainable solution for improving crop yields while conserving water resources drives this segment’s growth.

 

In terms of offerings, the market is divided into hardware, software, and services. The hardware segment is anticipated to lead in 2023, driven by the increasing use of polyethylene tubing, valves, and sprinklers to manage water supply. This segment is also expected to grow at the highest CAGR due to the demand for precise water delivery systems that conserve water and reduce manual labor.

 

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Based on irrigation methods, the market is split into smart and traditional micro-irrigation. In 2023, the traditional micro-irrigation segment will hold the largest market share, owing to its easier installation and lower costs. However, smart micro-irrigation, which provides real-time data on soil moisture and weather conditions, is expected to grow at the fastest pace.

 

By crop type, the field crops segment is anticipated to dominate in 2023, driven by the need for efficient water and nutrient delivery to field crops. Meanwhile, the orchard crops & vineyards segment is projected to grow at the highest CAGR, owing to the increased adoption of drip and subsurface irrigation.

 

In terms of application, agriculture remains the largest segment, driven by its role in improving water efficiency and crop yields. The agriculture segment is also forecasted to grow at the highest rate as the need for precise water delivery increases.

 

Regionally, Asia-Pacific is expected to dominate the global micro-irrigation systems market in 2023, thanks to advancements in irrigation technologies and government initiatives for water conservation.

 

Key Players:

The key players operating in the micro-irrigation systems market are Valmont Industries, Inc. (U.S.), The Toro Company (U.S.), Jain Irrigation Systems Ltd. (India), T-L Irrigation (U.S.), Rivulis Irrigation Ltd. (Israel), Reinke Manufacturing Co., Inc. (U.S.), Rain Bird Corporation (U.S.), Netafim Limited (Israel), Nelson Irrigation Corporation (U.S.), Lindsay Corporation (U.S.), Hunter Industries, Inc. (U.S.), Antelco Pty Ltd (Australia), Elgo Irrigation Ltd. (Israel), Harvel Agua India Private Limited (India), and Irritec S.p.A (U.S.).


Key questions answered in the report-

Which are the high-growth market segments based on type, offering, method, crop type, application, and geography?
What was the historical market for micro-irrigation systems market?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, opportunities, and challenges in the micro-irrigation systems market?
Who are the major players, and what shares do they hold in the micro-irrigation systems market?
How is the competitive landscape in the micro-irrigation systems market?
What are the recent developments in the micro-irrigation systems market?
What are the different strategies adopted by the major players in the micro-irrigation systems market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global micro-irrigation systems market, and how do they compete with the other players?


Check complete table of contents with list of table and figures:  https://www.meticulousresearch.com/product/micro-irrigation-systems-market-4970

 

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