The greenhouse irrigation systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Greenhouse Irrigation Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The greenhouse irrigation systems market size has grown rapidly in recent years. It will grow from $1.12 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to the increasing need for water-efficient irrigation, government regulations and policies, the development of drip irrigation technology, the use of controlled irrigation, and unpredictable weather.
The greenhouse irrigation systems market size is expected to see rapid growth in the next few years. It will grow to $1.94 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to the expansion of greenhouse farming, increasing preference for controlled-environment agriculture, decreasing costs of advanced irrigation technologies, availability of financing options and credit facilities, and growing emphasis on sustainable agriculture. Major trends in the forecast period include smart irrigation technologies, hydroponic and aquaponic systems, water recycling and reuse, integration with climate control systems, and remote monitoring and control.
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Scope Of Greenhouse Irrigation Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Greenhouse Irrigation Systems Market Overview
Market Drivers –
The rise in food consumption is expected to propel the growth of the greenhouse irrigation systems market going forward. The consumption of food is rising due to population growth and increasing urbanization, which drives a higher demand for convenient and diverse food options. Greenhouse irrigation systems optimize water usage, enhancing crop yields and supporting year-round production, which is crucial to meeting the rising demand for food consumption. For instance, in April 2024, according to data published by the National Association of Convenience Stores (NACS), a US-based trade association, total industry foodservice sales, including prepared food, commissary items, and dispensed beverages, represented 26.9% of in-store sales in 2023 (up from 25.6% in 2022), with prepared food sales growing by 12.2% per store per month, highlighting the high demand for convenience foods. Therefore, the rise in food consumption is driving the growth of the greenhouse irrigation systems market.
Market Trends –
Major companies operating in greenhouse irrigation systems are focusing on adapting strategic partnership approaches to enhance their technological capabilities, expand their market reach, and optimize their resource utilization. Strategic partnerships refer to collaborations between companies, organizations, or stakeholders to leverage each other’s strengths and resources for mutual benefit. For instance, in July 2023, IRIGREEN, a US-based sprinkler system provider, partnered with BIC Farms, a Nigerian-based agricultural company, to introduce innovative irrigation systems in Nigeria, focusing on subsurface irrigation technology. BIC Farms has adopted Irigreen’s subsurface irrigation technology specifically for use in their hydroponic greenhouses. This innovative irrigation system is designed to deliver water directly to the roots of plants, which is particularly effective in greenhouse settings where controlled environments are crucial for maximizing crop yields and minimizing water usage.
The greenhouse irrigation systems market covered in this report is segmented –
1) By Type: Drip Irrigation, Sprinkler Irrigation, Boom Irrigation
2) By Farm Size: Small Farms, Medium Farms, Large Farms
3) By Application: Vegetables, Flowers And Ornamentals, Fruit Plants, Nursery Crops
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Regional Insights –
Asia-Pacific was the largest region in the greenhouse irrigation systems market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the greenhouse irrigation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the greenhouse irrigation systems market are Mahindra & Mahindra Limited, The Toro Company, Netafim Ltd., Rivulis Irrigation Ltd., Automat Industries, AvidWater, Nelson Irrigation Corporation, Novedades Agrícolas, Farm Tek, Prospiant, Irritec Inc., DripWorks, Crane Garden Buildings, Easy Garden Irrigation, Two Wests & Elliott Ltd, AdeptAg, Greenhouse Emporium, GrowSpan Greenhouse Structures, Irrigatia Limited, Microgrow systems, Mundoriego, Niche Agriculture Limited< /b>
Table of Contents
1. Executive Summary
2. Greenhouse Irrigation Systems Market Report Structure
3. Greenhouse Irrigation Systems Market Trends And Strategies
4. Greenhouse Irrigation Systems Market – Macro Economic Scenario
5. Greenhouse Irrigation Systems Market Size And Growth
…..
27. Greenhouse Irrigation Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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