Report : Europe 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 14.8% CAGR, the Europe Drip Irrigation Market is speculated to be worth US$ 6,381.04 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe drip irrigation market was valued at US$ 2,792.64 million in 2022 and is expected to reach US$ 6,381.04 million by 2028, registering an annual growth rate of 14.8% 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.
Irrigation technology is emerging with great potential to transform region largely unexploited agriculture sector by managing issues regarding water scarcity and improving agricultural productivity. High solar radiation, favorable temperatures, and low atmospheric humidity create lucrative opportunities for a high agricultural yield in the region. Concerns regarding the performance of conventional irrigation systems are anticipated to propel the drip irrigation systems in recent years. Moreover, the growing incorporation of advanced technologies in small irrigation projects to mitigate adverse effects of climate change and increase resilience to droughts is projected to create substantial expansion possibilities for the drip irrigation market players in region. Drip irrigation systems deliver water drip by drip to the base of a plant. The technology also enhances farmers’ incomes and resilience to drought and floods. Moreover, growing awareness regarding the benefits of drip irrigation for boosting economic growth, a rise in private sector initiatives, and extended government credit facilities and soft loans to farmers to invest in these technologies are anticipated to boost the drip irrigation market across the region.
On the contrary, soil salinity and clogging hurdles the growth of Europe drip irrigation market.
Based on component, the Europe drip irrigation market is segmented into emitters, drip tubes/drip lines, filters, valves, pressure pumps, and others. The emitters segment held 23.3% market share in 2022, amassing US$ 650.92 million. It is projected to garner US$ 1,390.50 million by 2028 to expand at 13.5% CAGR during 2022–2028.
Based on emitter, the Europe drip irrigation market is bifurcated into inline and online. The online segment held 63.1% market share in 2022, amassing US$ 1,760.76 million. It is projected to garner US$ 4,178.75 million by 2028 to expand at 15.5% CAGR during 2022–2028.
Based on application, the Europe drip irrigation market is segmented into agriculture, green house, and others. The greenhouse segment held 40.3% market share in 2022, amassing US$ 1,124.69 million. It is projected to garner US$ 2,502.41 million by 2028 to expand at 14.3% CAGR during 2022–2028.
Based on type, the Europe drip irrigation market is segmented into surface and subsurface. The subsurface segment held 62.3%% market share in 2022, amassing US$ 1,739.17 million. It is projected to garner US$ 3,830.48 million by 2028 to expand at 14.1% CAGR during 2022–2028.
Based on country, the Europe drip irrigation market is segmented into Germany, France, Italy, UK, Russia, and Rest of Europe. Our regional analysis states that the UK captured 31.6% market share in 2022. It was assessed at US$ 883.33 million in 2022 and is likely to hit US$ 2,233.48 million by 2028, exhibiting a CAGR of 16.7% during the forecast period.
Key players dominating the Europe drip irrigation market are Chinadrip Irrigation Equipment Co., Ltd.; Hunter Industries; IRRITEC S.P.A.; Jain Irrigation Systems Ltd.; Lindsay Corporation; Netafim; Rain Bird Corporation; Rivulis; and The Toro Company among others.
- In 2020, Hunter has formed partnership with POGO, turfgrass technology solutions provider.
- 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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