Report : Asia Pacific Drip Irrigation Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Emitters, Drip Tubes/Drip Lines, Filters, Valves, Pressure Pumps, and Others), Emitter Type (Inline and Online), Application (Agriculture, Green House, and Others), and Type (Surface and Subsurface)
At 14.1% CAGR, the APAC Drip Irrigation Market is speculated to be worth US$ 7,661.88 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the APAC drip irrigation market was valued at US$ 3,472.43 million in 2022 and is expected to reach US$ 7,661.88 million by 2028, registering an annual growth rate of 14.1% from 2022 to 2028. Solar-powered drip irrigation systems and government programs and subsidies to promote drip irrigation systems deployments are the critical factors attributed to the market expansion.
Photovoltaic or solar-powered drip irrigation (PVDI) comprises a photovoltaic (PV) panel or a solar generator, soil moisture sensors, and a solar-powered water pump. The pump is equipped with solar cells powered by the sun’s energy that supplies water to crops. Solar-powered pumps are easy to install and maintain, which is propelling their rapid growth across the region. With the price of solar photovoltaic (PV) panels plummeting over the last decade, solar water pumps and drip irrigation systems are used widely among small-scale farmers. This creates a huge opportunity for rural off-grid farms to expand crop production. Many drip irrigation companies are leveraging the benefits of the Internet of Things (IoT) to improve agricultural production and the lives of farmers. Market players are leveraging solar-powered drip irrigation as a strategy for enhancing food security. Growing demands for such cost-effective, simple configuration, lightweight, and environment-friendly technologies are anticipated to propel the drip irrigation market growth in the coming years.
On the contrary, soil salinity and clogging hurdles the growth of APAC drip irrigation market.
Based on component, the APAC drip irrigation market is segmented into emitters, drip tubes/drip lines, filters, valves, pressure pumps, and others. The emitters segment held 17.6% market share in 2022, amassing US$ 612.11 million. It is projected to garner US$ 915.47 million by 2028 to expand at 6.9% CAGR during 2022–2028.
Based on emitter, the APAC drip irrigation market is bifurcated into inline and online. The online segment held 53.1% market share in 2022, amassing US$ 1,845.48 million. It is projected to garner US$ 4,946.46 million by 2028 to expand at 17.9% CAGR during 2022–2028.
Based on application, the APAC drip irrigation market is segmented into agriculture, green house, and others. The agriculture segment held 40.7% market share in 2022, amassing US$ 1,414.66 million. It is projected to garner US$ 3,823.20 million by 2028 to expand at 18.0% CAGR during 2022–2028.
Based on type, the APAC drip irrigation market is segmented into surface and subsurface. The subsurface segment held 73.8% market share in 2022, amassing US$ 1,882.59 million. It is projected to garner US$ 4,645.18 million by 2028 to expand at 16.2% CAGR during 2022–2028.
Based on country, the APAC drip irrigation market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. Our regional analysis states that China captured 34.9% market share in 2022. It was assessed at US$ 1,211.32 million in 2022 and is likely to hit US$ 3,234.53 million by 2028, exhibiting a CAGR of 17.8% during the forecast period.
Key players dominating the APAC drip irrigation market are Chinadrip Irrigation Equipment Co., Ltd.; Hunter Industries; IRRITEC S.P.A.; Jain Irrigation Systems Ltd.; Lindsay Corporation; Microjet; Netafim; Rain Bird Corporation; Rivulis; and The Toro Company among others.
- In 2021, Netafim has launched AlphaDisc filter. This filter provides protection against organic contaminants in water thereby enhancing the crop productivity.
- In Mar 2022, Lindsay has launched FieldNet with water trend to provide insights on crop water usage and effective irrigation decision making.
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