Year | Value |
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2023 | USD 4.68 Billion |
2032 | USD 7.5 Billion |
CAGR (2024-2032) | 5.37 % |
Note – Market size depicts the revenue generated over the financial year
A sprinkling of water from a sprinkler is enough to keep a field watered. The demand for efficient irrigation systems is fueled by the growing need for sustainable agriculture and the growing world population that requires a greater food supply. The water supply is becoming scarcer, and the use of new irrigation systems is becoming necessary to optimize water use in agriculture. A variety of factors are driving the growth of the sprinkler irrigation systems market, such as technological advancements in smart irrigation systems that use IoT and AI to monitor and manage the system in real time. These advancements not only optimize water use, but also reduce the operational costs for farmers. The major players, such as Rain Bird, Hunter Industries, and Netafim, are launching new products to meet the growing demand for these systems. Strategic initiatives, such as M&As, are also boosting the market. The industry is evolving, and the integration of technology with sustainable practices will continue to shape the future of sprinkler irrigation systems.
Regional Market Size
The sprinkler irrigation system market is experiencing a significant growth across various regions, owing to the increasing demand for agricultural production, conservation of water resources, and technological advancements. North America has a high rate of adoption of advanced irrigation systems, while Europe focuses on the need for adherence to regulations. Asia-Pacific is a rapidly expanding market, owing to the increasing population and agricultural requirements, while the Middle East and Africa are characterized by water scarcity. Latin America is a region with a significant agricultural potential, which is being harnessed by using advanced irrigation solutions, which makes it a vibrant market for sprinkler irrigation systems.
“Approximately 70% of the world's freshwater is used for agriculture, making efficient irrigation systems like sprinklers crucial for sustainable water management.” — Food and Agriculture Organization (FAO)
The sprinkler system is an important part of the agricultural sector, especially in the field of water conservation and yield of crops. The current market is growing steadily due to the increased need for agricultural productivity and the need for water conservation. The growth of world population and the need for increased agricultural production are also driving the demand for sprinklers. Also, technological advances in smart irrigation systems are making these solutions more accessible and more efficient. The use of sprinklers is currently in its mature phase, especially in California and Israel, where companies such as Rain Bird and Netafim dominate the market. The main application areas are in agriculture, orchards and landscapes, where the precision of watering is essential. The market is growing strongly due to the aforementioned trends as well as the water shortage and the need to mitigate the effects of climate change. Also, the development of the Internet of Things and the automation of control systems will lead to increased operational efficiency and resource management.
The sprinkler irrigation systems market is set to show a growth of 5.37% from 2023 to 2032, which is expected to reach the high figure of $ 7.5 billion, at a CAGR of 5.37%. The main reason for this growth is the increasing demand for water management solutions in agriculture, especially in regions with water shortages. In addition, the use of advanced sprinkler systems is expected to increase, with penetration rates in major markets reaching more than 30% in 2032, as farmers seek to optimize crop yields while reducing water consumption. Furthermore, the combination of IoT and smart irrigation systems is expected to revolutionize the sprinkler irrigation systems market. The real-time monitoring and automatic control of irrigation systems based on IoT will increase the efficiency and reduce the cost of water use. Government support for the development of sustainable agriculture and water conservation will also boost market growth. Meanwhile, the precision of agricultural production and the use of eco-friendly materials in the manufacture of sprinkler systems will play a key role in shaping the future of the sprinkler irrigation systems market, and ensure its consistency with the world's sustainable development goals.
Covered Aspects:Report Attribute/Metric | Details |
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Growth Rate | 3.64% (2021-2030) |
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