Micro And Mechanized Irrigation Systems Market Analysis By Product, By Crop, By Application, By Region And Segment Forecasts From 2018 To 2025

Industry Insights

The global micro and mechanized irrigation systems market size was worth USD 8.15 billion in the year 2015 and is predicted to acquire thrust over the projected period. The surging demand for global food safety is anticipated to accelerate market growth. Further, the alarming need for water conservation especially in arid areas is also contributing to the product demand.

Micro & mechanized agricultural systems result in minimal water wastage, owing to which the demand for these systems has observed a significant rise among developing countries. Marginal farmers aim to carry out these systems to boost crop yields by using the least water resources.

Micro and mechanized irrigation systems like sprinklers and drip lower the water consumption of the farmer’s produce and boost the yield. The rural governments worldwide are motivating farmers to install these products which, in turn, stimulate different market players to produce low-cost and efficient micro-irrigation products.

Developing countries in Latin America and the Asia Pacific are predicted to witness a surge in the demand for these systems owing to positive government policies like subsidies and low-interest loans for farming. These advantages are expected to strengthen the industry's growth.

Product Insights

The drip segment held the largest market worth USD 2878.3 million in 2015. The viability of the systems for food crop cultivation is predicted to accelerate their market demand by 2025.

The reduced cost of the drip system and high consumption of water is the key drivers driving the segment growth. Moreover, the rising inclination towards sustainable irrigation energizes the usage of drip systems extensively. The use of sprinklers assists in displacing water for large distances thus revamps water consumption efficiency.

Crop Insights

Orchard crops are expected to gain momentum and grow at the fastest pace in the near future. The segment is projected to grow at a CAGR 0f 16.2% over the forecast period due to the rising export and cultivation of nuts and fruits, especially from the Asia Pacific. The cultivation of crops also provides a notable boost due to the increased consumption of coffee and tea products globally.

The rising trend of small-scale farming of orchard crops and plantations in residential areas is significantly contributing to the segment growth. Furthermore, the cultivation of crops like wheat, corn, maize, and cotton accelerate the adoption of products like lateral move and central pivot. These products help in the conservation of water in large areas.

Application Insights

Agriculture is the dominant occupation in several regions and thus, predicted to acquire the leading micro and mechanized irrigation systems market share and expected to grow at a CAGR of 15.8% over the forecast period. Developing countries have a majority of their population engaged in agricultural practices which further increases the usage of these types of equipment in the regions.

The reduced cost of production results in the affordability of the systems in regions like Latin America and the Asia Pacific. Various developments in irrigation mechanisms like pumping units and spraying equipment have enhanced the requirement for the systems in the greenhouse segment.

Regional Insights

North America acquired a considerable share in 2018 and is estimated to ascend at a CAGR of more than 12% from 2016 to 2025. Asia Pacific is expected to grow at the fastest growth with a CAGR higher than 17% over the forecast period.

The rapid surge in the North American regional market is distinguished by the concentration of major market players like Lindsay Corporation, Rain Bird Corporation, and Nelson Irrigation Corporation that produce significant products.

Competitive Insights

The key players include Jain Irrigation Systems Ltd., Nelson Irrigation Corporation, Mahindra EPC Irrigation, Valmont Industries, Inc., Netafim Limited, Lindsay Corporation, Rain Bird Corporation, The Toro Company, T-L Irrigation Co., and Rivulis Irrigation.

Industry participants predominantly emphasize producing innovative and sophisticated products with the help of extensive R&D. These products provide features like reliability, low cost, and high efficiency. The micro & mechanized irrigation systems market witnesses significant competition with players aiming at growth opportunities in emerging regions like the Asia Pacific.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the global micro and mechanized irrigation systems market report on the basis of product, crop, application, and region:

• Product Scope (Revenue, USD Million; 2014 - 2025)
    • Sprinkler
        • Tubing
        • Pumping unit
        • Fittings/Sprinkler head
        • Coupler
    • Drip
        • Tubing
        • Backflow Preventers
        • Valves
        • Filters
        • Pressure Regulators
        • Pressure Compensators
    • Central Pivot
    • Lateral Move

• Crop Scope (Revenue, USD Million; 2014 - 2025)
    • Plantation Crops
    • Orchard Crops
    • Field Crops
    • Forage & Grass
    • Others

• Application Outlook (Revenue, USD Million; 2014 - 2025)
    • Agriculture
    • Landscape
    • Greenhouse
    • Nursery
    • Others

• Regional Outlook (Revenue, USD Million; 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • the Asia Pacific
        • China
        • Japan
        • India
    • Latin America
        • Brazil
    • Middle East & Africa (MEA)