Farmers' growing understanding of the benefits of micro irrigation systems is primarily driving market expansion. Increasing government measures to encourage farmers to employ micro-irrigation systems in response to increased concerns about water shortages are projected to drive market expansion. The absence of technical personnel to manage and regulate micro irrigation system equipment is projected to stymie market expansion. While micro irrigation systems are automated, they require trained labour to operate. The high investment and ongoing maintenance costs associated with micro irrigation systems limit their use. Because of the increase in petrol costs in 2020 and As a result of the surge in prices in the rest of the market, the cost of micro irrigation systems is much beyond the purchasing ability of small farmers in developing countries. This is projected to stifle the expansion of the micro irrigation system market.
According to Coherent Market Insights, Global Micro Irrigation Systems Market was valued at US$ 7,572.5 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.4% during the forecast period (2022 to 2030).
Prominent Companies in the Micro Irrigation Systems Industry:
1. Netafim
Netafim is an irrigation company that provides irrigation solutions to fighting scarcity of food, water, and land, for a sustainable future. Incorporated on 25 Sep 1997. Its registered office is in Vadodara, Gujarat, India. In Mar 8, 2021 Netafim acquired Gakon Horticultural Projects. In August 2020, Netafim a global leader in irrigation solutions for a sustainable agriculture launched its entrance in a deal worth US$ 85 Million. This deal will provide advanced irrigation system to nearly 35,000 farmers in India, till 2022.
2. Jain Irrigation System Limited
Jain Irrigation Systems Limited operates as a micro-irrigation company in India, Europe, North America, and internationally. The company operates through Hi-Tech Agri Input Products, Plastic, Agro Processing, and Other Business divisions. The company was founded in 1963 and is headquartered in Jalgaon, India. The company is acquired by Drip Tech Pvt. Ltd. In March 2020, Jain Irrigation Systems Limited launched the Jain Unity, an automatic irrigation control system and environmental data service platform.
3. EPC Industries
Mahindra EPC Irrigation Ltd is an Indian company that provides micro irrigation systems. It is engaged in the business of precision farming products and services. The firm is a manufacturer of Drip and Sprinkler Irrigation systems. Besides micro-irrigation systems, it also undertakes activities in Greenhouse/Polyhouses, Hi-tech Polyhouses, a range of pumps required for agriculture and domestic use, landscape products and automation products. The company has manufacturing plants in Nashik and Vadodara. It also provides agronomy services for farmers to improve farm productivity. The company was founded in 1981.
4. ELGO Irrigation Ltd.
It is Manufacturer of irrigation systems, water filtration systems and gardening accessories. The company offers hose-ends, pop-up sprinklers, and micro-irrigation and gardener hobby kits for home and commercial use. The company was founded in 1906, headquartered in Israel.
5. Hunter Industries, Inc.
The company was founded in 1981, headquartered in California. Hunter Industries is a manufacturer of irrigation equipment for the landscaping and golf course industries.
6. Lindsay Corporation
Lindsay Corporation is a provider of range of water management and road infrastructure products and services. The Company operates in two segments: Irrigation and Infrastructure. In August 2013, the Company announced that it has completed the acquisition of Claude Laval Corp. In Dec. 19, 2022 Lindsay Corporation announced a strategic partnership with Ceres Imaging, an Oakland, Calif., and provider of high-resolution imagery analytics with support for precision agriculture.
7. Valmont Industries, Inc.
Valmont Industries, Inc. produces and sells metal products in the United States, Australia, Brazil, Denmark, and internationally. The company operates through two segments: Infrastructure and Agriculture. The company was founded in 1946 and is headquartered in Omaha, Nebraska.
8. Rain Bird
Rain Bird Corporation manufactures and provides irrigation products and services for farms, golf courses, sports arenas, commercial developments, and homes internationally. It offers spray heads, impact sprinklers, rotors, valves, controllers and timers, accessories, and landscape dripline systems. The company was founded in 1933 and is based in Azusa, California. It has manufacturing, assembly, and distribution facilities in Tucson, Arizona; San Diego, California; and Alabama, as well as in France, Sweden, and Mexico.
*Definition- Micro-irrigation systems are modern irrigation systems that deliver water to cropland via sprinkles and spray.
