The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Irrigation Equipment Global Market Report 2024, the irrigation equipment market is expected to show significant growth in the forecast period.

The irrigation equipment market has witnessed substantial growth, driven by several factors that continue to propel its expansion.

Market Overview

• Market Size (2023-2024): The irrigation equipment market grew from $6.69 billion in 2023 to $7.31 billion in 2024, reflecting a CAGR of 9.3%.
• Historic Growth Drivers: Factors such as increased global population, rising concerns over water scarcity, supportive government policies, changes in climate patterns, urban area expansion, and growing awareness about sustainable farming practices contributed to this growth.

Future Market Projections

• Market Size (2024-2028): The market is projected to reach $10.47 billion by 2028, with a CAGR of 9.4%.
• Forecasted Growth Drivers: Key drivers include the demand for efficient water management solutions, higher crop yields, unpredictable weather conditions, rising demand for irrigation systems, and a shift towards eco-friendly irrigation products.

Key Trends and Influences

• Adoption of IoT and AI: Increasing use of IoT and AI in irrigation systems for better water management.
• Automated Irrigation Systems: Development of fully automated irrigation systems and robotic solutions.
• Solar-Powered Irrigation: Growing use of solar energy to power irrigation systems.
• Precision Irrigation Techniques: Advances in precision irrigation techniques for optimal water usage.
• Wireless Sensor Networks: Integration of wireless sensor networks for real-time monitoring.

View More On The Irrigation Equipment Market Report 2024 – https://www.thebusinessresearchcompany.com/report/irrigation-equipment-global-market-report

Water Scarcity and Market Growth

Addressing Water Scarcity

• Water Scarcity Factors: Population growth, urbanization, climate change, unsustainable water use, pollution, and inadequate water management infrastructure.
• Role of Irrigation Equipment: Optimizes water distribution, ensuring efficient and sustainable water usage for crops.
• Example: Water Resources East estimated that by 2050, Eastern England will face a scarcity of 800 million liters of water daily, driving the need for effective irrigation solutions.

Major Market Players

• Leading Companies: Robert Bosch GmbH, Hitachi Ltd, Stanley Black & Decker Inc., Makita Corporation, The Toro Company, Valmont Industries Inc., Netafim Ltd., Fiskars Corporation, Rain Bird Corporation, SD WORX SA, Lindsay Corporation, Jain Irrigation Systems Limited, Ariens Company, STIHL Incorporated, Hunter Industries Incorporated, Rivulis Irrigation Ltd., Honda India Power Products Limited, Reinke Manufacturing Company Inc., T-L Irrigation Company, Nelson Irrigation Corporation, Irritec S.p.A., Victa BV, Chinadrip Irrigation Equipment Co. Ltd.

Technological Advancements in Irrigation

Innovative Technologies

• Anti-Clogging Technology: Mechanisms to prevent or mitigate blockages, enhancing efficiency.
• Example: In October 2023, Netafim India launched the Toofan drip irrigation system featuring TurbuNext technology, which prevents clogging and ensures consistent water flow to crops.

Strategic Acquisitions

Expansion Through Acquisitions

• Rivulis and Jain Irrigation: In April 2023, Rivulis acquired Jain Irrigation’s International Business, aiming to lead the global adoption of modern irrigation solutions and digital farming.
• Objective: Enhance global presence and create an irrigation and climate leader.

Market Segmentation

By Components

• Tubing
• Sprinklers
• Emitter Or Drippers
• Pumping
• Irrigation Valves
• Filters
• Connectors
• Irrigation Controllers
• Sensors
• Other Components

By Irrigation Type

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

By Application

• Agriculture
• Irrigation
• Golf
• Other Applications

Regional Insights

• Largest Region: North America was the largest region in the irrigation equipment market in 2023.
• Fastest-Growing Region: Asia-Pacific is expected to be the fastest-growing region during the forecast period.

The irrigation equipment market is poised for significant growth, driven by technological advancements, strategic acquisitions, and the increasing need for efficient water management solutions. As the market continues to evolve, it will play a crucial role in addressing global water scarcity and enhancing agricultural productivity.

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The Irrigation Equipment Global Market Report 2024  provides an in-depth analysis on the irrigation equipment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the irrigation equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Sprinkler Irrigation Global Market Report 2024
Smart Irrigation Global Market Report 2024
Microirrigation Systems Global Market Report 2024

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