The Asia-Pacific Agriculture Irrigation Equipment Market is projected to reach $7.51 billion by 2030, at a CAGR of 6.4% during the forecast period of 2023 to 2030. The growth of this market is driven by the increasing government initiatives to support farmers, the rising awareness regarding modern agricultural operations, and rising water scarcity. However, the high initial investments and maintenance costs of advanced agriculture irrigation equipment hinder this market's growth.
Moreover, technological advancements in irrigation equipment and the rising automation of irrigation systems are expected to create market growth opportunities for the stakeholders operating in this market. However, low awareness of advanced agriculture irrigation technologies is a major challenge for the players in this market. Additionally, the increasing adoption of precision farming techniques is a prominent trend in the Asia-Pacific agriculture irrigation equipment market.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market players between 2020 and 2023. The key players profiled in the Asia-Pacific agriculture irrigation equipment market research report are Netafim Ltd. (Israel), Nelson Irrigation Corporation (U.S.), Jain Irrigation Systems Limited (India), T-L Irrigation Company (U.S.), Valmont Industries, Inc. (U.S.), Lindsay Corporation (U.S.), Rivulis Irrigation Ltd. (Israel), The Toro Company (U.S.), Rain Bird Corporation (U.S.), Galcon Bakarim Agricultural Cooperative Society Ltd. (Israel), Mahindra EPC Irrigation Limited (India), Harvel Agua India Private Limited (India), and Chinadrip Irrigation Equipment (Xiamen) Co., Ltd. (China).
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In recent years, governments have significantly intensified their efforts to support farmers through various schemes and programs. This heightened focus stems from the critical role of agriculture in supplying food and essential products, the evolving challenges faced by farmers in the modern economy, and the need to ensure the long-term sustainability of agriculture. Government organizations worldwide actively promote irrigation systems as part of water resource conservation initiatives. These efforts assist farmers in adopting diverse agricultural irrigation equipment and innovative irrigation technologies.
The rapid depletion of water resources in many regions worldwide has sparked significant concerns regarding global agricultural sustainability. Governments in numerous countries are emphasizing the development and adoption of sustainable irrigation systems for agriculture. This government support also incentivizes farmers to invest in advanced and efficient irrigation systems, such as drip irrigation or precision sprinklers, to conserve water and reduce wastage. By promoting the utilization of modern irrigation technology, governments play a pivotal role in promoting sustainable agricultural practices and ensuring food security for the growing population.
In India, the government introduced the Per Drop More Crop component of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY-PDMC) in 2015-16 through its Department of Agriculture and Farmers Welfare (DA&FW). This scheme is focused on enhancing water use efficiency at the farm level through the use of micro irrigation, viz. drip as well as sprinkler irrigation systems, where the central government provides a 55% subsidy of the indicative unit cost to the farmers and at 45% to other cultivators (gardening, lawn cultivator) for encouraging them to install drip and sprinkler irrigations.
Moreover, the Australian Government funded around USD 500 million to improve the efficiency of on-farm irrigation systems and on-farm water use. The government is taking various initiatives by installing new or upgrading existing irrigation infrastructure or technology, including automated water management systems and sensing equipment intended to improve decision-making to help improve irrigation efficiency, upgrading of, or converting to, surface or sub-surface drip systems and overhead spray systems such as lateral move or center pivots and installing ancillary equipment necessary for new or upgraded irrigation systems to function.
Thus, supportive government initiatives such as loans and subsidies are expected to support the growth of the agriculture irrigation equipment market in the country.
In 2023, the Drip Irrigation Segment is Expected to Dominate the Asia-Pacific Agriculture Irrigation Equipment Market
Based on type, the Asia-Pacific agriculture irrigation equipment market is segmented into drip irrigation, sprinkler irrigation, pivot irrigation, furrow irrigation systems, and terraced irrigation. In 2023, the drip irrigation segment is expected to account for the largest share of the Asia-Pacific agriculture irrigation equipment market. The large market share of this segment is attributed to factors such as rising demand for drip irrigation systems, primarily in row and horticultural crops, rising government support and subsidies for drip irrigation to mitigate the impact of water scarcity, and rising demand for precision irrigation technologies. Furthermore, the drip irrigation segment is expected to register the highest CAGR during the forecast period of 2023-2030. The growth of this segment is attributed to technological advancements in micro-irrigation systems, rising awareness about advanced irrigation technologies, and the need for efficient water management in the agriculture sector.
In 2023, the Tubing Segment is Expected to Dominate the Asia-Pacific Agriculture Irrigation Equipment Market
Based on component, the Asia-Pacific agriculture irrigation equipment market is segmented into tubing, sprinklers head, emitter/drippers, irrigation valves, filters, irrigation controllers, and other components. In 2023, the tubing segment is expected to account for the largest share of the Asia-Pacific agriculture irrigation equipment market. The large market share of this segment is attributed to the increasing adoption of drip and sprinkler irrigation techniques, where tubing plays a crucial role as an essential component for delivering water directly to plant roots. Moreover, the tubing segment is projected to register the highest CAGR during the forecast period of 2023–2030. This growth is driven by innovations in tubing technology and the absence of viable substitutes for tubing in irrigation systems.
In 2023, the Open-field Agriculture Segment is Expected to Dominate the Agriculture Irrigation Equipment Market
Based on application, the Asia-Pacific agriculture irrigation equipment market is segmented into open-field agriculture and closed-field agriculture. In 2023, the open-field agriculture segment is expected to account for the larger share of the Asia-Pacific agriculture irrigation equipment market. The large market share of this segment is attributed to the extensive land area dedicated to open-field agriculture, the rising demand for row crops, and the increasing government initiatives aimed at reducing water wastage through conventional irrigation methods to address water scarcity challenges in the region.
The open-field agriculture segment is further sub-segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops. In 2023, the cereals & grains segment is expected to account for the largest share of the open-field agriculture market. The large market share of this segment is attributed to the increasing demand for food grains due to a growing global population, the extensive cultivation of staple crops such as wheat, maize, rice, and barley, which serve as the primary food source for a significant portion of the world's population, and the rising challenge of water scarcity, driving the increased adoption of irrigation systems for these crops.
China Expected to Dominate the Asia-Pacific Agriculture Irrigation Equipment Market
Based on country, the Asia-Pacific agriculture irrigation equipment market is segmented into China, India, Japan, Australia, and the Rest of Asia-Pacific. In 2023, China is expected to account for the largest share of the Asia-Pacific agriculture irrigation equipment market. China’s significant market share is attributed to rising government initiatives for water conservation, extensive agricultural land area, increasing adoption of micro-irrigation systems in response to growing water scarcity concerns, the integration of automation in irrigation systems, and a robust presence of both international and domestic irrigation equipment manufacturers in the country.
Scope of the Report:
Asia-Pacific Agriculture Irrigation Equipment Market Assessment, by Type
Asia-Pacific Agriculture Irrigation Equipment Market Assessment, by Component
Asia-Pacific Agriculture Irrigation Equipment Market Assessment, by Application
Asia-Pacific Agriculture Irrigation Equipment Market Assessment, by Country
Key Questions Answered in the Report
Agriculture irrigation equipment encompasses various components and systems, such as drip irrigation, sprinkler irrigation, pivot irrigation, furrow irrigation, and terraced irrigation. They are specifically designed to meet the water requirements of different agricultural crops while minimizing water wastage. These components and systems enhance the efficiency and productivity of agriculture by providing the precise water requirements for each crop.
This report provides detailed market insights, dynamics, and forecasts of the agriculture irrigation equipment market segmented by type, components, application, and country.
The Asia-Pacific agriculture irrigation equipment market is projected to reach $7.51 billion by 2030, at a CAGR of 6.4% during the forecast period.
Based on component, the tubing segment is expected to witness the fastest growth during the forecast period.
o Increasing Government Initiatives to Support Farmers
o Rising Awareness Regarding Modern Agricultural Operations
o Rising Water Scarcity
o High Costs of Advanced Agriculture Irrigation Equipment
o High Maintenance Costs
The key players operating in the Asia-Pacific agriculture irrigation equipment market are Netafim Ltd. (Israel), Nelson Irrigation Corporation (U.S.), Jain Irrigation Systems Limited (India), T-L Irrigation Company (U.S.), Valmont Industries, Inc. (U.S.), Lindsay Corporation (U.S.), Rivulis Irrigation Ltd. (Israel), The Toro Company (U.S.), Rain Bird Corporation (U.S.), Galcon Bakarim Agricultural Cooperative Society Ltd. (Israel), Mahindra EPC Irrigation Limited (India), Harvel Agua India Private Limited (India), and Chinadrip Irrigation Equipment (Xiamen) Co., Ltd. (China).
China is expected to account for the largest share of the Asia-Pacific agriculture irrigation equipment market in 2023. China’s significant market share is attributed to rising government initiatives for water conservation, extensive agricultural land area, increasing adoption of micro-irrigation systems in response to growing water scarcity concerns, the integration of automation in irrigation systems, and a robust presence of both international and domestic irrigation equipment manufacturers in the country. Moreover, the market in China is projected to register the highest CAGR during the forecast period of 2023–2030.
This report provides pre & post COVID-19 market estimates.
1. Market Definition & Scope
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segment Analysis
3.2.1. Asia-Pacific Agriculture Irrigation Equipment Market, by Type
3.2.2. Asia-Pacific Agriculture Irrigation Equipment Market, by Component
3.2.3. Asia-Pacific Agriculture Irrigation Equipment Market, by Application
3.3. Asia-Pacific Agriculture Irrigation Equipment Market, by Country/Region
3.4. Competitive Landscape & Market Competitors
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Increasing Government Initiatives to Support Farmers
4.2.1.2. Rising Awareness Regarding Modern Agricultural Operations
4.2.1.3. Rising Water Scarcity
4.2.2. Restraints
4.2.2.1. High Initial Costs of Advanced Agriculture Irrigation Equipment
4.2.2.2. High Maintenance Costs
4.2.3. Opportunities
4.2.3.1. Technological Advancements in Irrigation Equipment
4.2.3.2. Rising Automation in Irrigation System
4.2.4. Challenges
4.2.4.1. Low Awareness of Advanced Agriculture Irrigation Technologies
4.3. Trend
4.3.1. Increasing Adoption of Precision Farming Techniques
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Value Chain Analysis
5. Asia-Pacific Agriculture Irrigation Equipment Market Assessment—by Type
5.1. Overview
5.2. Drip Irrigation
5.3. Sprinkler Irrigation
5.4. Pivot Irrigation
5.5. Furrow Irrigation Systems
5.6. Terraced Irrigation
6. Asia-Pacific Agriculture Irrigation Equipment Market Assessment—by Component
6.1. Overview
6.2. Tubing
6.3. Sprinkler Head
6.4. Emitter/Drippers
6.5. Irrigation Valves
6.6. Filters
6.7. Irrigation Controllers
6.8. Other Components
7. Asia-Pacific Agriculture Irrigation Equipment Market Assessment—by Application
7.1. Overview
7.2. Open-field Agriculture
7.2.1. Cereals & Grains
7.2.2. Oilseeds & Pulses
7.2.3. Fruits & Vegetables
7.2.4. Other Crops
7.3. Closed-field Agriculture
8. Asia-Pacific Agriculture Irrigation Equipment Market Assessment—by Country/Region
8.1. Overview
8.2. China
8.3. India
8.4. Japan
8.5. Australia
8.6. Rest of Asia-Pacific
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Market Differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
9.5. Vendor Market Positioning
9.6. Market Share Analysis
10. Company Profile (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. Netafim Ltd. (Israel)
10.2. Nelson Irrigation Corporation
10.3. Jain Irrigation Systems Limited
10.4. T-L Irrigation Company
10.5. Valmont Industries, Inc.
10.6. Lindsay Corporation
10.7. Rivulis Irrigation Ltd.
10.8. The Toro Company
10.9. Rain Bird Corporation
10.10. Galcon Bakarim Agricultural Cooperative Society Ltd.
10.11. Mahindra EPC Irrigation Limited
10.12. Harvel Agua India Private Limited
10.13. Chinadrip Irrigation Equipment (Xiamen) Co., Ltd.
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided.)
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Tables
Table 1 Asia-Pacific Agriculture Irrigation Equipment Market: Key Stakeholders
Table 2 Asia-Pacific Agriculture Irrigation Equipment Market, by Type, 2021–2030 (USD Million)
Table 3 Asia-Pacific Drip Irrigation Market, by Country/Region, 2021–2030 (USD Million)
Table 4 Asia-Pacific Sprinkler Irrigation Market, by Country/Region, 2021–2030 (USD Million)
Table 5 Asia-Pacific Pivot Irrigation Market, by Country/Region, 2021–2030 (USD Million)
Table 6 Asia-Pacific Furrow Irrigation Systems Market, by Country/Region, 2021–2030 (USD Million)
Table 7 Asia-Pacific Terraced Irrigation Market, by Country/Region, 2021–2030 (USD Million)
Table 8 Asia-Pacific Agriculture Irrigation Equipment Market, by Component, 2021–2030 (USD Million)
Table 9 Asia-Pacific Agriculture Tubing Market, by Country/Region, 2021–2030 (USD Million)
Table 10 Asia-Pacific Agriculture Sprinklers Market, by Country/Region, 2021–2030 (USD Million)
Table 11 Asia-Pacific Emitter/Drippers Market, by Country/Region, 2021–2030 (USD Million)
Table 12 Asia-Pacific Irrigation Valves Market, by Country/Region, 2021–2030 (USD Million)
Table 13 Asia-Pacific Irrigation Filters Market, by Country/Region, 2021–2030 (USD Million)
Table 14 Asia-Pacific Irrigation Controllers Market, by Country/Region, 2021–2030 (USD Million)
Table 15 Asia-Pacific Other Irrigation Components Market, by Country/Region, 2021–2030 (USD Million)
Table 16 Asia-Pacific Agriculture Irrigation Equipment Market, by Application, 2021–2030 (USD Million)
Table 17 Asia-Pacific Agricultural Irrigation Equipment Market for Open-field Agriculture, by Country/Region, 2021–2030 (USD Million)
Table 18 Asia-Pacific Agricultural Irrigation Equipment Market for Cereals & Grains, by Country/Region, 2021– 2030 (USD Million)
Table 19 Asia-Pacific Agricultural Irrigation Equipment Market for Oilseeds & Pulses, by Country/Region, 2021– 2030 (USD Million)
Table 20 Asia-Pacific Agricultural Irrigation Equipment Market for Fruits & Vegetables, by Country/Region, 2021– 2030 (USD Million)
Table 21 Asia-Pacific Agricultural Irrigation Equipment Market for Other Crops, by Country/Region, 2021–2030 (USD Million)
Table 22 Asia-Pacific Agricultural Irrigation Equipment Market for Closed-field Agriculture, by Country/Region, 2021–2030 (USD Million)
Table 23 Asia-Pacific: Agriculture Irrigation Equipment Market, by Country/Region, 2021–2030 (USD Million)
Table 24 China: Agriculture Irrigation Equipment Market, by Type, 2021–2030 (USD Million)
Table 25 China: Agriculture Irrigation Equipment Market, by Component, 2021–2030 (USD Million)
Table 26 China: Agriculture Irrigation Equipment Market, by Application, 2021–2030 (USD Million)
Table 27 India: Agriculture Irrigation Equipment Market, by Type, 2021–2030 (USD Million)
Table 28 India: Agriculture Irrigation Equipment Market, by Component, 2021–2030 (USD Million)
Table 29 India: Agriculture Irrigation Equipment Market, by Application, 2021–2030 (USD Million)
Table 30 Japan: Agriculture Irrigation Equipment Market, by Type, 2021–2030 (USD Million)
Table 31 Japan: Agriculture Irrigation Equipment Market, by Component, 2021–2030 (USD Million)
Table 32 Japan: Agriculture Irrigation Equipment Market, by Application, 2021–2030 (USD Million)
Table 33 Australia: Agriculture Irrigation Equipment Market, by Type, 2021–2030 (USD Million)
Table 34 Australia: Agriculture Irrigation Equipment Market, by Component, 2021–2030 (USD Million)
Table 35 Australia: Agriculture Irrigation Equipment Market, by Application, 2021–2030 (USD Million)
Table 36 Rest of Asia-Pacific: Agriculture Irrigation Equipment Market, by Type, 2021–2030 (USD Million)
Table 37 Rest of Asia-Pacific: Agriculture Irrigation Equipment Market, by Component, 2021–2030 (USD Million)
Table 38 Rest of Asia-Pacific: Agriculture Irrigation Equipment Market, by Application, 2021–2030 (USD Million)
Table 39 Recent Developments, by Company (2020–2023)
List of Figures
Figure 1 Research Process
Figure 2 Secondary Sources Referenced for This Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 In 2023, the Drip Irrigation Segment is Expected to Dominate the Asia-Pacific Agriculture Irrigation Equipment Market
Figure 8 In 2023, the Tubing Segment Is Expected to Dominate the Asia-Pacific Agriculture Irrigation Equipment Market
Figure 9 In 2023, the Open-field Agriculture Segment Is Expected to Dominate the Asia-Pacific Agriculture Irrigation Equipment Market
Figure 10 China Dominates the Asia-Pacific Agriculture Irrigation Equipment Market
Figure 11 Factors Affecting Market Growth
Figure 12 Asia-Pacific Agriculture Irrigation Equipment Market, by Type, 2023 Vs. 2030 (USD Million)
Figure 13 Asia-Pacific Agriculture Irrigation Equipment Market, by Component, 2023 Vs. 2030 (USD Million)
Figure 14 Asia-Pacific Agriculture Irrigation Equipment Market, by Application, 2023 Vs. 2030 (USD Million)
Figure 15 Asia-Pacific Agriculture Irrigation Equipment Market, by Country, 2023 (%)
Figure 16 Asia-Pacific: Agriculture Irrigation Equipment Market Snapshot (2023)
Figure 17 Key Growth Strategies Adopted by Leading Players (2020–2023)
Figure 18 Competitive Dashboard: Asia-Pacific Agriculture Irrigation Equipment Market
Figure 19 Asia-Pacific Agriculture Irrigation Equipment Market: Competitive Benchmarking, by Type
Figure 20 Netafim Ltd.: Financial Overview (2022)
Figure 21 Jain Irrigation Systems Limited: Financial Overview (2023)
Figure 22 Valmont Industries, Inc.: Financial Overview (2022)
Figure 23 Lindsay Corporation: Financial Overview (2022)
Figure 24 The Toro Company: Financial Overview (2022)
Figure 25 Mahindra EPC Irrigation Limited: Financial Overview (2023)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Apr-2024
Published Date: Sep-2023
