Irrigation Equipment Market Expansion: Projected to Hit $11.44Billion with 9.3% CAGR by 2029
The irrigation equipment market size is expected to see strong growth in the next few years. It will grow to $11.44 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing demand for efficient water management solutions, increasing need for higher crop yields, unpredictable weather conditions, rising demand for irrigation systems, shift towards eco-friendly irrigation products. Major trends in the forecast period include increasing adoption of IoT and AI in irrigation systems, development of fully automated irrigation systems and robotic solutions, growing use of solar energy to power irrigation systems, advances in precision irrigation techniques, and integration of wireless sensor networks for real-time monitoring.
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What have been the primary factors driving the irrigation equipment market’s growth?
Increasing water scarcity is expected to propel the growth of the irrigation equipment market going forward. Water scarcity is the shortage of sufficient available freshwater resources to meet the demands of water usage within a region. Water scarcity is increasing due to factors such as population growth, urbanization, climate change, unsustainable water use practices, pollution, and inadequate infrastructure for water management and distribution. Irrigation equipment is used in water scarcity situations to optimize water distribution and ensure efficient and sustainable water usage for crop and plant growth. For instance, in December 2023, Water Resources East, a UK-based non-profit organization, estimated that by 2050, 800 million liters of water a day, or one-third of the region's present water use, are expected to be scarce in Eastern England. Therefore, increasing water scarcity is driving the growth of the irrigation equipment market.
What are the key segments within the irrigation equipment market?
The irrigation equipment market covered in this report is segmented –
1) By Components: Tubing, Sprinklers, Emitter Or Drippers, Pumping, Irrigation Valves, Filters, Connectors, Irrigation Controllers, Sensors, Other Components
2) By Irrigation Type: Drip Irrigation, Sprinkler Irrigation, Pivot Irrigation, Other Irrigation Types
3) By Application: Agriculture, Irrigation, Golf, Other Applications
Subsegments:
1) By Tubing: Drip Tubing, Sprinkler Tubing, Mainlines And Submainlines, Lateral Tubing
2) By Sprinklers: Fixed Sprinklers, Impact Sprinklers, Rotary Sprinklers, Pop-Up Sprinklers, Traveling Sprinklers
3) By Emitter Or Drippers: Pressure Compensating Emitters, Non-Pressure Compensating Emitters, Inline Drippers, Standalone Drippers
4) By Pumping: Centrifugal Pumps, Submersible Pumps, Jet Pumps, Diaphragm Pumps
5) By Irrigation Valves: Ball Valves, Gate Valves, Pressure Relief Valves, Solenoid Valves, Check Valves
6) By Filters: Screen Filters, Disk Filters, Sand Filters, Media Filters
7) By Connectors: Barbed Connectors, Compression Fittings, Quick Connect Fittings, Threaded Connectors
8) By Irrigation Controllers: Timer-Based Controllers, Smart Controllers, Wi-Fi Enabled Controllers, Solar-Powered Controllers
9) By Sensors: Soil Moisture Sensors, Rain Sensors, Flow Sensors, Temperature Sensors
10) By Other Components: Fertilizer Injectors, Pressure Regulators, Backflow Preventers, Hydrometers
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Which key players are shaping the irrigation equipment market?
Major companies operating in the irrigation equipment market are 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.
How will emerging trends drive the irrigation equipment market throughout the forecast period?
Major companies operating in the irrigation equipment market are developing innovative technologies, such as anti-clogging technology, to gain a competitive edge in the market. Anti-clogging technology involves mechanisms or materials designed to prevent or mitigate blockages or obstructions in various systems or devices, enhancing their efficiency and performance. In October 2023, Netafim India, an India-based provider of irrigation solutions, launched a drip irrigation technology called Toofan. This technology is designed to transform farming practices for growers of all scales. The system features TurbuNext technology that includes a dripper labyrinth, which prevents clogging and ensures consistent water flow to crops by moving debris out of the dripper. The innovative technology is engineered for optimal delivery of water and nutrients, as well as providing unparalleled durability and resistance to clogging.
How do regional factors impact the irrigation equipment market, and which region is the largest contributor?
North America was the largest region in the irrigation equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the irrigation equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Irrigation Equipment Market Report 2025 Offer?
The irrigation equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Irrigation equipment refers to the tools and systems used to supply water to agricultural crops, landscapes, and gardens to promote growth and maintain soil moisture. This includes a variety of devices that ensure efficient and controlled water distribution. These devices help manage and optimize water usage for agricultural, landscaping, and gardening purposes.
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