PUBLISHER: The Business Research Company | PRODUCT CODE: 1436792
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436792
Water supply and irrigation systems involve methods such as sprinkler irrigation, surface irrigation, drip irrigation, and sub-irrigation to deliver water from natural sources (e.g., rivers or lakes) to a reservoir or storage facility. Water is then transported from the primary intake structure or pumping station to the field ditches through the distribution system.
Water supply and irrigation systems are categorized into types such as center pivot, lateral move, solid set, and others. Center pivot systems are circular irrigation systems used in agriculture to water crops. These systems can be stationary or towable and are utilized for various crops such as cereals, oilseeds, pulses, fruits, and vegetables, across small, medium, and large fields.
The water supply & irrigation systems market research report is one of a series of new reports from The Business Research Company that provides water supply & irrigation systems market statistics, including water supply & irrigation systems industry global market size, regional shares, competitors with water supply & irrigation systems market share, detailed water supply & irrigation systems market segments, market trends, and opportunities, and any further data you may need to thrive in the water supply & irrigation systems industry. This water supply & irrigation systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The water supply & irrigation systems market size has grown strongly in recent years. It will grow from $348.96 billion in 2023 to $373.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to population growth, agricultural expansion, industrial development, urbanization, and climate variability.
The water supply & irrigation systems market size is expected to see strong growth in the next few years. It will grow to $484.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The expected growth in the forecast period is due to challenges related to water scarcity, population growth, and urbanization, as well as government regulations promoting sustainable water management. Additionally, the integration of renewable energy sources and increased investments in water infrastructure are contributing to this growth, along with a heightened focus on water conservation efforts. Major trends anticipated during this period include technological advancements in water management, innovations in drip irrigation methods, the adoption of smart irrigation systems, the use of remote sensing for crop monitoring, and the development of climate-responsive irrigation practices.
The expansion of organic farming is projected to drive the growth of the water supply and irrigation systems market in the future. Organic farming utilizes environmentally friendly methods for managing weeds, pests, and diseases. Irrigation systems are essential in organic farming as they distribute water to the roots of crops, with water being released from multiple sprinklers mounted on mobile towers in center-pivot systems. Consequently, the rise in organic farming is expected to boost the demand for water supply and irrigation systems. For instance, in May 2023, the UK's Department for Environment, Food, and Rural Affairs reported that the UK had a total organic farmland area of 509 thousand hectares in 2022 (including fully converted and conversion area), marking a 0.4% increase from 2021. This indicates that the expansion of organic farming is a key driver of the water supply and irrigation systems market.
Rising water consumption is indeed a key driver for the growth of the water supply and irrigation systems market. As water consumption increases, there is a greater demand for effective water supply and irrigation systems to meet the needs of various sectors, including households, industries, and agriculture. The data from the Australian Bureau of Statistics, indicating a marginal increase in national water consumption for industries and households, as well as a notable rise in water usage in the agriculture, forestry, and fishing sectors, underscores the importance of robust water supply and irrigation systems. This trend highlights the necessity for efficient water management practices and the implementation of advanced technologies to optimize water usage and ensure sustainable water resources for future generations.
An escalating trend within the water supply and irrigation systems market is centered around product innovation. Companies in this sector are prioritizing the development of innovative products to strengthen their market positions. For instance, in April 2022, Viridix, an Israel-based manufacturer specializing in precision irrigation systems and innovative agri-tech platforms, introduced the Viridix Gen3 Auto-Pilot system. This system represents an advanced precision irrigation solution with distinctive features, incorporating sensors for water pressure, air humidity, and temperature, along with remote watering controllers. The platform stands out for its advanced capabilities and user-friendly interface, offering exceptional efficiency through a comprehensive autonomous solution tailored for optimized precision irrigation practices. This innovation signifies a significant stride in advancing irrigation systems to meet evolving industry needs.
Key players within the water supply and irrigation systems market are directing their focus toward cutting-edge solutions such as anti-clogging technology to meet evolving demands and elevate system efficiency. Anti-clogging technology encompasses features or mechanisms specifically designed to prevent blockages and ensure unhindered operation in various systems, notably in irrigation setups. For instance, in October 2023, Netafim India, a company based in India known for providing irrigation services and solutions, introduced Toofan, an innovative drip irrigation system integrated with anti-clogging technology. This system is engineered to guarantee the efficient delivery of water and nutrients to crops. Designed to resist clogging issues commonly encountered in traditional systems, the Toofan drip line boasts being 40% more durable and 20% more cost-effective compared to conventional alternatives. This advancement presents a promising solution for agricultural irrigation, and the company has set ambitious goals to revolutionize sustainable farming, aiming to cover 25,000 hectares of land and reach 35,000 farmers across India by 2025.
In March 2022, Orchard & Vineyard Supply, a US-based provider of solutions for commercial orchards and vineyards, finalized the acquisition of Clearwater Irrigation Supply for an undisclosed sum. This strategic acquisition positions Orchard & Vineyard Supply to offer a broader array of options and capabilities to farmers and producers in the Pacific Northwest. Clearwater Irrigation Supply, also based in the US, is a comprehensive agricultural irrigation company with expertise in designing, installing, and maintaining drip irrigation supplies, sprinklers, PVC pipe, and fittings.
Major companies operating in the water supply & irrigation systems market report are Veolia Environment S.A., SUEZ SA, United Utilities Group PLC, The Toro Company, Valmont Industries Inc., Sabesp Corp., American Water Works Company Inc., Seabex SAS, Jain Irrigation Systems Ltd., Rain Bird Corporation, Lindsay Corporation, Hunter Industries Inc., G's Fresh Ltd., Rivulis Irrigation Ltd., Alkhorayef Group Company, Reinke Manufacturing Co. Inc., T-L Irrigation Co., Hortau Irrigation Management & Soil Tension Monitoring, Nelson Irrigation Corporation, Irritec S.p.A, Mahindra EPC Irrigation Limited (MEIL), Rachio Inc., Galcon, Netafim Global, Greyter Technologies Inc., Hydropoint Inc., Primus Power Pte Ltd., Elgo Irrigation Ltd., WaterBit Ltd., Technical Data Analysis Inc.
North America was the largest region in the water supply and irrigation systems market in 2023. The regions covered in the water supply & irrigation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the water supply & irrigation systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The water supply and irrigation systems market consist of sales of drip irrigation systems, HDPE piping systems, filters, dosing pumps, and sprinkler irrigation systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Water Supply & Irrigation Systems Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on water supply & irrigation systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for water supply & irrigation systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The water supply & irrigation systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.