by Irrigation machinery are vital for efficient watering of crops and landscaping. Irrigation systems such as drip irrigation, sprinklers, pivots and sprayers offer controlled and targeted watering that can optimize fertilizer and water usage. Adoption of internet of things (IoT) and smart irrigation technologies that use soil moisture sensors, weather data and control systems allow remote monitoring and more precise irrigation.
The global irrigation machinery market is estimated to be valued at US$ 8.11 Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Integrating IoT sensors, control valves, communication platforms and cloud computing allows automated, data-driven irrigation. Soil moisture sensors and weather monitors provide real-time data for optimum irrigation schedules. Cloud-based control systems enable remote monitoring and control of irrigation systems through smartphones and tablets. This reduces water wastage and optimizes crop yields. Adoption of precision irrigation solutions is increasing among farmers to combat water scarcity.Precision agriculture practices leveraging smart irrigation technologies is expected to boost the irrigation machinery market over the forecast period.
Segment Analysis
The global irrigation machinery market is dominated by center pivot irrigation sub-segment. Center pivot irrigation has emerged as a widely adopted technique for irrigation as it enables water distribution to large circular areas of land without requirement of much labor. This sub-segment accounted for over 50% market share in 2023 owing to higher efficiency and precision offered in terms of water distribution with center pivot irrigation technique across vast tracts of agricultural lands.
Key Takeaways
The Global Irrigation Machinery Market Size is expected to witness high growth driven by increasing adoption of advanced irrigation methods to boost agricultural productivity and optimize water usage. Regional analysis Asia Pacific region dominated the irrigation machinery market in 2023 and is expected to grow at fastest CAGR during the forecast period. Countries like India, China and Japan are major contributors to the region’s market growth owing to large cultivable areas, strong government support for adoption of irrigation equipment and rapid technological advancements in the agriculture sector.
Key players operating in the irrigation machinery market are Finolex Pipes, Nelson Irrigation Corporation, Rivulis Irrigation Inc., Netafim Limited, Rain Bird Corporation, EPC Industries Limited, Lindsay Corporation, Jain Irrigation Systems Limited, Deere & Company, T-l Irrigation Co., Valmont Industries, and The Toro Company. The companies are focused on development of smart and automated irrigation solutions along with expansion in emerging markets through strategic partnerships and collaborations. Netafim Limited held leading market share in 2023 owing to its extensive global presence and diversified irrigation product portfolio catering to wide range of agricultural operations.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
