Automatic Irrigation Equipment Market Report Overview
-
Request a Free Sample to learn more about this report
The global automatic irrigation equipment market size was USD 3419.1 million in 2022 and is projected to touch USD 7814.68 million by 2031, at a CAGR of 9.6% during the forecast period.
An autonomous irrigation system is one that operates with little to no manual input aside from surveillance. Almost any system, including drip, sprinkler, and surface systems, can be automated using timers, sensors, computers, or mechanical devices. The demand for irrigation equipment in lawns and gardens is expanding, and modern agriculture practices are being more widely used, all of which are contributing factors to the growth of the irrigation equipment market. The high installation costs and diminishing agricultural revenue, however, are anticipated to limit this market's growth to some extent. Farmers in developed nations have begun utilizing cutting-edge farm machinery.
COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market
The global COVID-19 pandemic has been unprecedented and staggering, with the global automatic irrigation equipment market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.
LATEST TRENDS
"Growth of the market in recent years"
Making irrigation decisions based on the current plant needs is known as real-time feedback. Farmers may access real-time data on the various stages of irrigation on their field via laptops or mobile phones thanks to real-time feedback systems. Farmers have benefited from real-time feedback systems because they have decreased the cost of irrigation, crop losses, production time, and pesticide use while increasing yield and quality. Efficiency in irrigation is becoming more and more important due to the growing problem of water scarcity. The irrigation management software determines the irrigation schedule using real-time data sent from the fields by a sensor-based irrigation network. Throughout the projected period, it is anticipated that the segment will continue to hold a leading position.
Automatic Irrigation Equipment Market Segmentation
-
Request a Free Sample to learn more about this report
- By Type
Based on type the global automatic irrigation equipment market is classified as flow meters, injectors, valves, sensors, controllers.
- By Application
Based on application the global automatic irrigation equipment market is classified as agriculture, commercial, residential.
DRIVING FACTORS
"The Utilization as a Catalyst to Boost the Market Growth "
The introduction of automated irrigation at the farm level has a number of advantages. Farmers are becoming more conscious of automated irrigation systems as the cost of labour and power rises. Several trials have been carried out in Australia to help farmers by adopting automated irrigation systems. The majority of farmers observed a notable reduction in daily power usage as well as less time and effort spent on the irrigation operation. Farmers were able to cut down on farm trips through automation, which helped lower labour costs. The installation of an automated irrigation system enhances agricultural precision by calculating the precise amount of water to use and the timing of the watering process.
"Extensive Application in Laundering Process to Multiply the Production and Market Growth"
The main issues facing the irrigation automation market are data management and aggregation. The information gathered from farms utilizing sophisticated agricultural instruments is very significant since it aids in the formulation of useful judgements. Since there is no industry standard for maintaining agricultural data, growers have a tough time doing their jobs. In order to ensure operational homogeneity, the industry must standardize its data management system. Many farmers and producers are unaware of how to use data effectively for decision-making. To properly obtain, manage, analyses, and use data, it is crucial to give farmers and producers the right tools and methodologies.
RESTRAINING FACTORS
"Several Challenges Associated with the Local Irritation to Restrain the Market"
Small landholdings are a concern in the majority of emerging nations. Sensors, flow metres, and controllers are just a few of the components that make up an automated irrigation system. For vast farms located in North America, South America, and Europe, where the farmers also have greater purchasing power, irrigation systems are pricey and substantially more practical. For instance, less than two hectares of land is owned by 85% of agricultural households in India. Small farms cannot deploy smart technology because of the high installation costs and poor returns on investments. Land fragmentation results in incorrect resource and input allocation, which raises production costs.
Automatic Irrigation Equipment Market Regional Insights
-
Request a Free Sample to learn more about this report
"North American Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"
Natural resource preservation in North America has steadily improved. Due to the numerous water conservation programmes implemented by the local government in this area, the adoption rate of irrigation automation systems is the highest in North America. For instance, in order to verify that water usage across businesses complies with necessary criteria and is used efficiently, the US EPA developed the WaterSense water conservation plan in 2006. This effort assesses various items according to how effectively they save water from various firms' diverse offerings. To promote industrial innovation and support sustainable jobs across America, WaterSense collaborates with irrigation experts, house builders, manufacturers, merchants and distributors, and utilities.
KEY INDUSTRY PLAYERS
"Financial Players to Contribute Towards Expansion of Market"
This market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.
List of Market Players Profiled
- Jain Irrigation Systems (India)
- Netafim (Israel)
- Rain Bird (US)
- The Toro Company (US)
- Hunter Industries (US)
- Lindsay (US)
- Lawn genie (US)
- Mazzei (US)
- Nelson Irrigation (US)
- Irritrol (US)
- Orbit Irrigation Products (US)
REPORT COVERAGE
The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 3419.1 Million in 2022 |
Market Size Value By |
US$ 7814.68 Million by 2031 |
Growth Rate |
CAGR of 9.6% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the Automatic Irrigation Equipment market expected to touch by 2031?
The global Global Automatic Irrigation Equipment Market is expected to US$ 7814.68 million by 2031.
-
What CAGR is the Automatic Irrigation Equipment market expected to exhibit by 2031?
The Automatic Irrigation Equipment market is expected to exhibit a CAGR of 9.6% by 2031.
-
Which are the driving factors of the Automatic Irrigation Equipment market?
Farmers are becoming more conscious of automated irrigation systems as the cost of labour and power rises.
-
Which are the key players functioning in the Automatic Irrigation Equipment market?
Jain Irrigation Systems, Netafim, Rain Bird, The Toro Company, Hunter Industries, Lindsay, Lawn genie, Mazzei, Nelson Irrigation, Irritrol, Orbit Irrigation Products are the key players functioning in the Automatic Irrigation Equipment market.