Micro-irrigation Systems Market (2023-2030)

Water conservation is the preservation, control, and management of water resources and their use. Unfortunately, the existing water resources on the earth are limited and unevenly distributed. Therefore, water scarcity is one of the greatest challenges of the 21st century, where developing countries and developed countries confront water shortage problems due to the growing population, increasing need for more agricultural production, and changing climates. The maladministration of water, inefficiencies in irrigation methods and systems, limited adoption of modern irrigation techniques, and failure to judge the essential quantity of water for the landscape are expected to cause huge irrigation water wastages. For example, in April 2021, the Environmental Protection Agency (EPA) of the U.S. stated that every day, about 50% of 9 billion gallons of water used for residential outdoor purposes is wasted due to overwatering caused by inefficiencies in irrigation methods and systems. Hence, there is a need to swing focus from land productivity to water productivity to get the highest yield from every drop of water used in agriculture. Governments are imposing regulations on water use to promote water conservation and offering financial incentives and subsidies to farmers to encourage them to adopt water-saving technologies such as micro-irrigation systems. This help farmers offset the initial costs of purchasing and installing the systems, making them more affordable and accessible. In 2022, the Government of India launched the Pradhan Mantri Krishi Sinchai Yojana (PMKSY) with an investment of approximately USD 7.7 billion (Rs. 50,000 crores) to develop irrigation sources for providing a permanent solution to drought.

Several governments across the globe are taking similar initiatives with the help of new irrigation technologies to avoid future circumstances of water scarcity. Many countries are promoting different techniques for water conservation. Rainwater harvest techniques and other traditional water conservation methods, along with modern irrigation management systems, such as micro-irrigation systems, are promoted in developed countries to converse water. For instance, in November 2020, the U.S. Department of Agriculture (USDA) Natural Resources Conservation Service (NRCS) selected 31 priority areas to receive USD 13 million to conserve water as part of the WaterSMART Initiative (WSI). Also, in August 2019, Cerrado Waters Consortium, an initiative by coffee growers, producers, researchers, and environmentalists, launched a climate-smart investment scheme to promote sustainable land and water use in Brazil’s Cerrado region. All such focus on water conservation and governments’ positive approach to installing modern irrigation methods & techniques, including micro-irrigation systems for managing residential and landscape irrigation, are expected to boost the growth of this market in the coming years.