Meticulous Research®—a leading global market research
company, published a research report titled, ‘Asia-Pacific
Agriculture Irrigation Equipment Market by Type (Drip, Sprinkler,
Furrow Irrigation), Component (Tubing, Emitter, Drippers, Sprinklers, Filter),
Application (Open-field {Cereals & Grains, Fruit and Vegetables},
Closed-field) - Forecast to 2030.’
According to this latest publication from Meticulous
Research®, the Asia-Pacific agriculture irrigation equipment market is
projected to reach $7.51 billion by 2030, at a CAGR of 6.4% from 2023 to 2030.
The growth of this market is driven by the increasing government initiatives to
support farmers, the rising awareness regarding modern agricultural operations,
and rising water scarcity. However, the high initial investments and
maintenance costs of advanced agriculture irrigation equipment hinder this
market's growth.
Moreover, technological advancements in irrigation equipment
and the rising automation of irrigation systems are expected to create market
growth opportunities for the stakeholders operating in this market. However,
low awareness of advanced agriculture irrigation technologies is a major
challenge for the players in this market. Additionally, the increasing adoption
of precision farming techniques is a prominent trend in the Asia-Pacific
agriculture irrigation equipment market.
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Key Players:
The Asia-Pacific agriculture irrigation equipment market is
characterized by a moderately competitive scenario due to the presence of many
large- and small-sized global, regional, and local players. The key players
operating in the agriculture irrigation equipment market in Asia-Pacific are
Netafim Ltd. (Israel), Nelson Irrigation Corporation (U.S.), Jain Irrigation
Systems Limited (India), T-L Irrigation Company (U.S.), Valmont Industries,
Inc. (U.S.), Lindsay Corporation (U.S.), Rivulis Irrigation Ltd. (Israel), The
Toro Company (U.S.), Rain Bird Corporation (U.S.), Galcon Bakarim Agricultural
Cooperative Society Ltd. (Israel), Mahindra EPC Irrigation Limited (India), Harvel
Agua India Private Limited (India), and Chinadrip Irrigation Equipment (Xiamen)
Co., Ltd. (China).
The Asia-Pacific agriculture irrigation equipment market is
segmented by type (drip irrigation, sprinkler irrigation, pivot irrigation,
furrow irrigation systems, and terraced irrigation), component (tubing,
sprinklers head, emitter/drippers, irrigation valves, filters, irrigation
controllers, and other components), application (open-field agriculture
{cereals & grains, oilseeds & pulses, fruits & vegetables, and
other crops}, and closed-field agriculture), and country (China, India, Japan,
Australia, and Rest of Asia-Pacific).
Based on type, the Asia-Pacific agriculture irrigation
equipment market is segmented into drip irrigation, sprinkler irrigation, pivot
irrigation, furrow irrigation systems, and terraced irrigation. The drip
irrigation segment is expected to account for the largest share of the
Asia-Pacific agriculture irrigation equipment market in 2023. The large market
share of this segment is attributed to factors such as rising demand for drip
irrigation systems, primarily in row and horticultural crops, rising government
support and subsidies for drip irrigation to mitigate the impact of water
scarcity, and rising demand for precision irrigation technologies. Furthermore,
the drip irrigation segment is expected to register the highest CAGR during the
forecast period of 2023-2030. The growth of this segment is attributed to
technological advancements in micro-irrigation systems, rising awareness about
advanced irrigation technologies, and the need for efficient water management
in the agriculture sector.
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Based on component, the Asia-Pacific agriculture irrigation
equipment market is segmented into tubing, sprinklers head, emitter/drippers,
irrigation valves, filters, irrigation controllers, and other components. In
2023, the tubing segment is expected to account for the largest share of the
Asia-Pacific agriculture irrigation equipment market. The large market share of
this segment is attributed to the increasing adoption of drip and sprinkler
irrigation techniques, where tubing plays a crucial role as an essential
component for delivering water directly to plant roots. Moreover, the tubing
segment is projected to register the highest CAGR during the forecast period of
2023–2030. This growth is driven by innovations in tubing technology and the
absence of viable substitutes for tubing in irrigation systems.
Based on application, the Asia-Pacific agriculture
irrigation equipment market is segmented into open-field agriculture and
closed-field agriculture. In 2023, the open-field agriculture segment is
expected to account for the larger share of the Asia-Pacific agriculture
irrigation equipment market. The large market share of this segment is
attributed to the extensive land area dedicated to open-field agriculture, the
rising demand for row crops, and the increasing government initiatives aimed at
reducing water wastage through conventional irrigation methods to address water
scarcity challenges in the region.
Geographic Review
In 2023, China is expected to account for the largest share
of the Asia-Pacific agriculture irrigation equipment market, followed by India
and Japan. China’s significant market share is attributed to rising government
initiatives for water conservation, extensive agricultural land area,
increasing adoption of micro-irrigation systems in response to growing water
scarcity concerns, the integration of automation in irrigation systems, and a
robust presence of both international and domestic irrigation equipment
manufacturers in the country.
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Key Questions Answered in the Report-
What is the revenue generated by the sales of agriculture
irrigation equipment in Asia-Pacific?
At what rate is the demand for agriculture irrigation
equipment projected to grow in Asia-Pacific in the next 5-7 years?
What is the historical market size and growth rate for the
Asia-Pacific agriculture irrigation equipment market?
What are the major factors impacting the growth of this
market in Asia-Pacific?
What are the major opportunities for existing players and
new entrants in the market?
Which type, component, and application segments are expected
to create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which
countries are expected to offer significant growth opportunities for the
manufacturers operating in the Asia-Pacific agriculture irrigation equipment
market?
Who are the major players in the Asia-Pacific agriculture
irrigation equipment market? What are their specific product offerings in this
market?
What recent developments have taken place in the
Asia-Pacific agriculture irrigation equipment market? What impact have these
strategic developments created on the market?
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