Water supply and irrigation systems involve the use of sprinkler irrigation, surface irrigation, drip irrigation, and sub-irrigation to supply water from natural sources, such as a river or lake, in a reservoir or other storage facility. Water is transported from the primary intake structure or pumping station up to the field ditches by the flow system.
Sizing and Forecast
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, 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 growth in the forecast period can be attributed to water scarcity challenges, population growth & urbanization, government regulations, renewable energy integration, investments in water infrastructure, focus on water conservation. Major trends in the forecast period include technological advancements, drip irrigation innovation, smart irrigation systems, remote sensing for crop monitoring, climate-responsive irrigation.
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Segmentation & Regional Insights
The water supply & irrigation systems market covered in this report is segmented –
1) By Type: Center Pivot, Lateral Move, Solid Set, Other Types
2) By Crop Type: Cereals, Oilseeds And Pulses, Fruits And Vegetables, Other Crop Types
3) By Mobility: Stationary, Towable
4) By Field Size: Small, Medium, Large
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.
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Major Driver Impacting Market Growth
Increasing organic farming is expected to propel the growth of the water supply and irrigation systems market going forward. Organic farming is an agricultural system that employs ecologically friendly weed, pest, and disease management techniques. Irrigation systems are installed in organic farming to distribute water to crop roots, wherein water is released from several sprinklers placed on wheeled towers in center-pivot systems. Thus, more organic farming will increase the demand for water supply and irrigation systems. For instance, in May 2023, according to the Department for Environment, Food, and Rural Affairs, a US-based federal agency, the UK had a total area of 509 thousand hectares of land farmed organically in 2022 (i.e., the fully converted area and the area under conversion), an increase of 0.4% compared to 2021. Therefore, increasing organic farming is driving the growth of the water supply and irrigation systems market.
Key Industry Players
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.
The water supply & irrigation systems market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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