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According to The Business Research Company’s Water Supply & Irrigation Systems Global Market Report 2024, The water supply & irrigation systems market size has grown strongly in recent years. It will grow from $348.96 billion in 2023 to $373.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to population growth, agricultural expansion, industrial development, urbanization, climate variability.
The water supply & irrigation systems market size is expected to see strong growth in the next few years. It will grow to $484.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to water scarcity challenges, population growth & urbanization, government regulations, renewable energy integration, investments in water infrastructure, focus on water conservation. Major trends in the forecast period include technological advancements, drip irrigation innovation, smart irrigation systems, remote sensing for crop monitoring, climate-responsive irrigation.
Increasing organic farming is expected to propel the growth of the water supply and irrigation systems market going forward. Organic farming is an agricultural system that employs ecologically friendly weed, pest, and disease management techniques. Irrigation systems are installed in organic farming to distribute water to crop roots, wherein water is released from several sprinklers placed on wheeled towers in center-pivot systems. Thus, more organic farming will increase the demand for water supply and irrigation systems. For instance, in May 2023, according to the Department for Environment, Food, and Rural Affairs, a US-based federal agency, the UK had a total area of 509 thousand hectares of land farmed organically in 2022 (i.e., the fully converted area and the area under conversion), an increase of 0.4% compared to 2021. Therefore, increasing organic farming is driving the growth of the water supply and irrigation systems market.
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The water supply & irrigation systems market covered in this report is segmented –
1) By Type: Center Pivot, Lateral Move, Solid Set, Other Types
2) By Crop Type: Cereals, Oilseeds And Pulses, Fruits And Vegetables, Other Crop Types
3) By Mobility: Stationary, Towable
4) By Field Size: Small, Medium, Large
Major companies operating in the water supply and irrigation systems market are focusing on advanced solutions such as anti-clogging technology to meet evolving demands and enhance system efficiency. Anti-clogging technology involves features or mechanisms designed to prevent blockages and ensure unimpeded functionality in various systems, such as irrigation. For instance, in October 2023, Netafim India, an India-based provider of irrigation services and solutions, launched Toofan, a novel drip irrigation system equipped with anti-clogging technology to ensure efficient delivery of water and nutrients to crops. Engineered to resist clogging, this innovative system enables farmers to efficiently cover extensive areas, with the Toofan drip line being reported as 40% more robust and 20% more cost-effective than conventional alternatives, presenting a promising solution for agricultural irrigation and the company aims to cover 25,000 ha of land and reach 35,000 farmers by 2025 across India to revolutionize sustainable farming.
The water supply & irrigation systems market report table of contents includes:
1. Executive Summary
2. Water Supply & Irrigation Systems Market Characteristics
3. Water Supply & Irrigation Systems Market Trends And Strategies
4. Water Supply & Irrigation Systems Market – Macro Economic Scenario
5. Global Water Supply & Irrigation Systems Market Size and Growth
………..
32. Global Water Supply & Irrigation Systems Market Competitive Benchmarking
33. Global Water Supply & Irrigation Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Water Supply & Irrigation Systems Market
35. Water Supply & Irrigation Systems Market Future Outlook and Potential Analysis
36. Appendix
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https://topprnews.com/nitrogen-market-trends/
https://topprnews.com/non-alcoholic-market-trends/
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