The mechanized irrigation systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Mechanized Irrigation Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The mechanized irrigation systems market size has grown rapidly in recent years. It will grow from $15.25 billion in 2023 to $17.46 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to increasing investments in research and development, rise in growth of irrigation systems, growing demand for sprinkler irrigation systems, rising scarcity of water for agriculture, and government subsidies and support programs.
The mechanized irrigation systems market size is expected to see rapid growth in the next few years. It will grow to $30.30 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to increasing adoption of modern agriculture practices, increasing population, increasing demand for drip irrigation systems, increasing agricultural production, and increasing organic food. Major trends in the forecast period include advanced irrigation systems, the development of enhancing crop data management with artificial intelligence (AI), product innovations, adopting of precision technologies, and new advancements in agriculture.
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Scope Of Mechanized Irrigation Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Mechanized Irrigation Systems Market Overview
Market Drivers –
The increasing demand for agricultural production is expected to propel the growth of the mechanized irrigation systems market going forward. Agriculture is cultivating soil, growing crops, and raising animals for food, fiber, and other products used to sustain and enhance human life, involving various techniques and technologies to improve productivity and sustainability. The increasing demand for agricultural production is due to advancements in farming technology, improved crop varieties, and enhanced farming practices, which have led to higher yields, better resource management, and increased efficiency in agricultural processes. Mechanized irrigation systems improve agricultural production by providing precise and efficient water delivery, optimizing water use, and improving crop yields. For instance, in February 2024, according to the Department for Environment Food & Rural Affairs reports, a UK-based government agency, the average farm business income (FBI) across all the UK farms increased from $50,461 (£46,500) in 2020/2021 to $78,133(£72,000) in 2021/2022. Further, the UK total income from Farming (TIFF) in 2022 was $6.61 billion (£7.9 billion), an increase of 17% from 2021 with $1.43 billion (£1.1 billion). Therefore, the increasing demand for agricultural production drives the mechanized irrigation systems market.
Market Trends –
Major companies operating in the mechanized irrigation systems market are focusing on developing innovative irrigation technology, such as drip irrigation technology, to enhance water efficiency, reduce resource consumption, and improve crop yields, ultimately leading to more sustainable and productive agricultural practices. Drip irrigation technology is a highly effective method for managing water resources and improving agricultural productivity while promoting environmental sustainability. For instance, in October 2023, Netafim Irrigation India Pvt Ltd, an India-based irrigation company, launched its revolutionary TurbuNext drip technology for farmers. This system features a unique turbulent flow design that enhances water distribution uniformity, reduces clogging, and improves crop yield. Additionally, it incorporates smart irrigation solutions that allow for remote monitoring and control, ensuring optimal water usage. Introducing such innovative products reflects the industry’s shift towards sustainable farming practices and efficient resource management. These innovations demonstrate how leading companies leverage cutting-edge technology to address water scarcity and improve agricultural productivity.
The mechanized irrigation systems market covered in this report is segmented –
1) By Type: Drip Irrigation, Sprinkler Irrigation System, Other Types
2) By Crop: Cereals Grains, Pulses Oilseeds, Fruits And Vegetables, Other Crops
3) By Application: Ornamental Crop, Agricultural Crop, Lawns And Gardens, Other Applications
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Regional Insights –
North America was the largest region in the mechanized irrigation systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mechanized irrigation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the mechanized irrigation systems market are Valmont Industries Inc., Mahindra EPC Irrigation Ltd., Bauer GmbH, Netafim Limited, Lindsay Corporation, Rain Bird Corporation, Hunter Industries Inc., Rivulis Irrigation Ltd., Dura-Line Corporation, Alkhorayef Group, Orbit Irrigation Products Inc., Eurodrip S.A., Reinke Manufacturing Company Inc., T-L Irrigation, Nelson Irrigation Corporation, Irritec S.p.A, Metzer Group, Driptech India Pvt. Ltd., Komet Sales GmbH, Chinadrip Irrigation Equipment Co. Ltd., Harvel Agua India Pvt. Ltd., Akplas< /b>
Table of Contents
1. Executive Summary
2. Mechanized Irrigation Systems Market Report Structure
3. Mechanized Irrigation Systems Market Trends And Strategies
4. Mechanized Irrigation Systems Market – Macro Economic Scenario
5. Mechanized Irrigation Systems Market Size And Growth
…..
27. Mechanized Irrigation Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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