Irrigation Equipment Market to Reach $15.75 Billion by 2031 - Exclusive Report by Meticulous Research®

REDDING, Calif., May 3, 2024 /PRNewswire/ -- According to a new market research report titled, 'Irrigation Equipment Market by Component (Tubing, Sprinklers, Emitter, Drippers, Pumping, Filters, Connectors, Sensors, Regulators), Irrigation Type (Drip, Sprinkler, Pivot Irrigation), Application (Agricultural, Non-agricultural)—Global Forecast to 2031,' published by Meticulous Research^®, the irrigation equipment market is projected to reach $15.75 billion by 2031, at a CAGR of 9.3% from 2024 to 2031.

Download Free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5378

The growth of the irrigation equipment market is driven by increasing water scarcity, government efforts towards water conservation, and the growing need to mechanize agricultural operations. However, the high costs of implementing and maintaining advanced agricultural irrigation equipment restrain the growth of this market.

Furthermore, the proliferation of technological innovations within irrigation equipment and increasing automation in irrigation systems are expected to generate growth opportunities for the stakeholders in this market. However, the lack of awareness regarding advanced irrigation technologies is a major challenge impacting the market's growth.

Additionally, the increasing adoption of precision farming techniques and the emergence of Irrigation as a Service (IaaS) are prominent trends in the irrigation equipment market.

Irrigation refers to the application of water to the soil through various systems. Irrigation equipment encompasses various components, including tubing, sprinkler, emitter/drippers, irrigation valves, filters, irrigation controllers, sensors, pumping, connectors, pressure regulators, and monitoring & controlling devices used in several irrigation systems, such as drip irrigation, sprinkler irrigation, pivot irrigation, furrow irrigation, and terraced irrigation. They are specifically designed to meet the water requirements of different crops and plants while minimizing water waste. These components enhance efficiency and productivity by providing the precise water requirements for each crop.

The irrigation equipment market is segmented by component (tubing, sprinklers, emitter/drippers, pumping, irrigation valves, filters, connectors, irrigation controllers, sensors, monitoring & controlling devices, pressure regulators, and other components), type (drip irrigation, sprinkler irrigation, pivot irrigation, and other irrigation types), application (agricultural irrigation equipment {open-field agriculture [cereals & grains, fruits & vegetables, oilseeds & pulses, other crops], closed-field agriculture}, non-agricultural irrigation equipment {golf courses & sports grounds, commercial areas, residential areas}), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

The report includes an extensive assessment of the key strategic developments by leading market participants in the industry over the past four years (2021–2024). The irrigation equipment market has witnessed several partnerships, agreements, collaborations, mergers, and acquisitions in recent years. The key players operating in the irrigation equipment market are The Toro Company (U.S.), Jain Irrigation Systems Limited (India), Netafim Ltd. (Israel), Valmont Industries, Inc. (U.S.), Lindsay Corporation (U.S.), Hunter Industries Inc (U.S.), Rain Bird Corporation (U.S.), T-L Irrigation Company (U.S.), Reinke Manufacturing Co., Inc. (U.S.), Rivulis Irrigation Ltd. (Israel), Nelson Irrigation Corporation (U.S.), Irritec S.p.A (Italy), Chinadrip Irrigation Equipment (Xiamen) Co., Ltd. (China), and Galcon Bakarim Agricultural Cooperative Society Ltd. (Israel).

Request Sample Pages: https://www.meticulousresearch.com/request-sample-report/cp_id=5378

Key Findings in the Global Irrigation Equipment Market Study:

Among all the components studied in this report, in 2024, the tubing segment is expected to account for the largest share of 64% of the irrigation equipment market, owing to the increasing utilization of drip and sprinkler irrigation techniques, favorable government interventions, ongoing innovation in tubing technology, and the absence of viable substitutes for tubing in irrigation systems. Moreover, this segment is also projected to register the highest CAGR during the forecast period of 2024–2031.

Among all the irrigation types studied in this report, in 2024, the drip irrigation segment is expected to account for the largest share of the global irrigation equipment market owing to several factors, including advancements in drip irrigation systems, escalating adoption of advanced agricultural practices, and increasing product launches by key market players. Moreover, this segment is also projected to register the highest CAGR of 10% during the forecast period of 2024–2031.

Among all the applications studied in this report, in 2024, the agricultural irrigation equipment segment is expected to account for the larger share of 78% of the global irrigation equipment market owing to the increasing land area under crop cultivation, increased adoption of advanced irrigation techniques in farming, escalating water scarcity in the agriculture, and the presence of numerous suppliers of agricultural irrigation equipment. Moreover, advancements in agricultural technologies and increasing government initiatives promoting sustainable agricultural practices are further anticipated to support the growth of this segment during the forecast period. Additionally, based on type, agricultural irrigation equipment is further segmented into open-field agriculture and closed-field agriculture. In 2024, the open-field agriculture segment is expected to account for the larger share of the global agricultural irrigation equipment market.

Based on geography, the global irrigation equipment market is majorly segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 60% of the irrigation equipment market. The Asia-Pacific irrigation equipment market is estimated to be worth USD 5.01 billion in 2024. Asia Pacific's significant market share can be attributed to the rising inclination towards mechanization and precision irrigation, government initiatives aimed at conserving water, increasing water scarcity, and the rising per capita incomes of farmers in the region. Furthermore, the availability of loans and subsidies for purchasing irrigation equipment drives the growth of this regional market.

North America is expected to witness significant growth during the forecast period of 2024–2031, mainly due to the increasing adoption of autonomous and precision irrigation solutions driven by advancements in technology and the integration of global positioning systems (GPS) into irrigation equipment. Moreover, in North America, Canada is slated to register the highest CAGR during the forecast period of 2024–2031.

Have Specific Research Needs? Request a Customized Report:
https://www.meticulousresearch.com/request-customization/cp_id=5378

Scope of the Report:

Global Irrigation Equipment Market Assessment—by Components

• Tubing
• Sprinklers
• Emitter/Drippers
• Pumping
• Irrigation Valves
• Filters
• Connectors
• Irrigation Controllers
• Sensors
• Monitoring & Controlling Devices
• Pressure Regulators
• Other Components

Global Irrigation Equipment Market Assessment—by Irrigation Type

• Drip Irrigation
• Sprinkler Irrigation
• Pivot Irrigation
• Other Irrigation Types

Global Irrigation Equipment Market Assessment—by Application

• Agricultural Irrigation Equipment
  • Open-field Agriculture
    • Cereals & Grains
    • Fruits & Vegetables
    • Oilseeds & Pulses
    • Other Crop
  • Closed-field Agriculture
• Non-agricultural Irrigation Equipment
  • Golf Courses & Sports Grounds
  • Commercial Areas
  • Residential Areas

Global Irrigation Equipment Market Assessment—by Geography

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • Italy
  • U.K.
  • Spain
  • Rest of Europe
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa

Buy Now: https://www.meticulousresearch.com/Checkout/62557225

Related Reports:

Precision Irrigation Market by Offering (Solutions, Services), Irrigation Type (Sprinklers Irrigation, Drip Irrigation, Surface Irrigation), End User (Agriculture, Turf & Sport Fields, Residential), and Geography – Global Forecast to 2030

Agriculture Equipment Market by Type (Tractors, Harvesting Equipment, Irrigation Equipment), Mode of Operation (Manual, Automatic), Power Source (Electric Equipment), Application (Sowing, Crop Protection, Harvesting, Irrigation) – Global Forecast to 2030

South East Asia Agriculture Irrigation Equipment Market by Type (Drip, Sprinkler, Furrow, Pivot Irrigation), Component (Tubing, Emitter, Sprinklers, Filter), Application (Open-field {Cereals & Grains, Fruits and Vegetables}, Closed-field) – Forecast to 2030

South East Asia Agriculture Equipment Market by Type (Tractors, Harvesting Equipment, Irrigation Equipment), Mode of Operation (Manual, Automatic), Power Source (Electric Equipment) Application, (Sowing, Planting, Harvesting, Irrigation) – Forecast to 2030

Latin America Agriculture Irrigation Equipment Market by Type (Drip, Sprinkler, Pivot, Furrow Irrigation), Component (Tubing, Emitter, Sprinklers, Filters), Application (Open-field {Cereals & Grains, Fruit and Vegetables}, Closed-field) - Forecast to 2030

Asia-Pacific Agriculture Irrigation Equipment Market by Type (Drip, Sprinkler, Furrow Irrigation), Component (Tubing, Emitter, Drippers, Sprinklers, Filter), Application (Open-field {Cereals & Grains, Fruit and Vegetables}, Closed-field) - Forecast to 2030

Asia-Pacific Agriculture Equipment Market by Type (Tractors, Harvesting Equipment, Irrigation Equipment), Mode of Operation (Manual, Automatic), Power Source (Electric Equipment), Application (Sowing, Planting, Harvesting, Irrigation) - Forecast to 2030

Irrigation Automation Market by System, Irrigation Type, Component, End Use (Agricultural, Non-agricultural) and Geography - Global Forecast to 2030

Latin America Agriculture Equipment Market by Type (Tractors, Harvesting Equipment, Irrigation Equipment), Mode of Operation (Manual, Automatic), Power Source (Electric Equipment) Application, (Sowing, Planting, Harvesting, Irrigation) - Forecast to 2030

Autonomous Farm Equipment Market by Offering, Product (Tractor, Harvesting Equipment, Irrigation Equipment, Livestock Equipment), Technology (IoT, GPS), Automation Type, Application (Farming, Livestock), & Geography - Global Forecast to 2031

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/605/irrigation-equipment-market-2031

Logo: https://mma.prnewswire.com/media/1757980/Meticulous_Research_Logo_1.jpg