Microirrigation Systems Market Size, Trends, and Forecast - 2028

The microirrigation systems market size is anticipated to reach USD 17.8 billion by 2028 from USD 11.3 billion by 2023, at a CAGR of 9.4% during the forecast period in terms of value owing to the efficient usage of water resources in drought conditions, higher yield production, and cost-effectiveness. The market is driven by emerging economies due to their growing population and agriculture as major occupation. The market is also fueling due to support from the public and private sectors globally.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=566

Efficient usage of water resources in drought conditions to drive the demand for microirrigation systems market

Protection of agricultural fields against drought has become a possibility with the use of advanced irrigation systems. Appropriate irrigation scheduling techniques have given various successes among farmers. Irrigation scheduling by advanced technology is gaining importance, and many farmers are increasingly applying these techniques successfully. Through microirrigation, farmers manage to sustain the same production levels even in a drought year, as minimal usage of water resources also ensures high yield with the use of such systems.

Higher yield requirement from a limited area to augment the market growth

Water resources are an essential and critical requirement for crop production, and the extent, regularity, and frequency of water application can be a determining factor in crop quality and yield. Microirrigation systems lead to optimal crop yield by distributing water uniformly to crops. This method is best suited when the water supply is available in insufficient quantities to fulfill the needs of a crop, as it enables farmers to apply water to plant roots. In this way, high crop yield can be achieved with high application efficiency. As the cropland decreases globally with rise in urbanization, the demand for high yield from limited area is expected to rise, thereby augmenting the market for microirrigation systems.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=566

North America is projected to be the second fastest-growing region during the forecast period

North America is the second-fastest growing market for microirrigation systems, and this market is projected to grow at a significant CAGR between 2023 and 2028. North America has traditionally been a large consumer of microirrigation systems. This region has continued to be a major consumer of drip irrigation systems. Freshwater resources are of great environmental and economic importance to the region. However, the distribution of these resources varies across regions. Small farmers in the US are gradually adopting microirrigation systems, primarily due to concerns over water allotment in the midwestern states.

Key players in the North American market include Lindsay Corporation (US), Nelson Irrigation (US), Rain Bird Corporation (US), T-L Irrigation (US), and The Toro Company (US). To gain microirrigation systems market share, these companies are adopting strategies, such as innovative product developments, partnerships, acquisitions, and expansion of existing facilities. The dynamic nature and industry ecosystem coupled with projected rise in demand for microirrigation systems, is catering to the growth of the region in the market.