Asia Pacific Irrigation Equipment Market Size 2024, Rising Trends, Revenue, Growth Drivers, CAGR Status, Challenges, Bus

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Asia Pacific Irrigation Equipment Market is projected to be worth USD 9.11 billion by 2033 and is anticipated to surge at a CAGR of 6.65%.

Irrigation machinery is a broad category of tools and technologies used in agriculture to manage water resources. It consists of drip irrigation systems, sprinklers, pumps, pipes, center pivot systems, and other associated parts. Irrigation equipment's main goal is to deliver water to crops in a regulated way while maximizing water resource utilization and guaranteeing plants' effective growth and development.

According to SPER market research, ‘Asia Pacific Irrigation Equipment Market Size- By Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Asia Pacific Irrigation Equipment Market is predicted to reach USD 9.11 billion by 2033 with a CAGR of 6.65%.

Drivers:

Water scarcity, a major concern in today's agricultural landscape, is the fundamental driver of this sector's growth. This is followed by an understanding of micro irrigation systems and the importance of high productivity in meeting food demand. Some of the primary forces behind the irrigation machinery sector are the need to address water shortages and increase agricultural productivity. Governments are consequently focussing on developing strategies to increase the usage of micro-irrigation systems while minimizing water scarcity. Government agencies in some countries are promoting micro-irrigation systems in an effort to persuade farmers to adopt cutting-edge irrigation technologies by providing various incentives or bonuses.

Challenges:

Sprinkler and drip irrigation systems are known for their technological intricacy. These irrigation systems are costly to establish, thus limiting their use in developing countries. Small-scale farmers in such countries are very unwilling to use irrigation systems due to the high initial investment expenses. As a result, a shortage of funding for purchasing and installing drip irrigation systems has an impact on their adoption rate. As a result, the irrigation machinery market is anticipated to experience limited expansion over the forecast period.

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The Covid-19 epidemic had an uneven influence on the Asia-Pacific irrigation machinery business. While the initial phase of the pandemic caused supply chain and construction interruptions, the agriculture sector proved resilient and continued to function, ensuring food production. Governments recognized the importance of agricultural activities and gave assistance to farmers, including irrigation machinery subsidies. This increased demand for improved irrigation methods to improve agricultural production and food security. The pandemic has also spurred the development of digital platforms for remote monitoring and management of irrigation systems. Overall, the Asia-Pacific irrigation machinery market showed resilience and adaptability throughout the Covid-19 pandemic.

China is anticipated to hold the most market share for agricultural irrigation equipment in the Asia-Pacific region in 2024. The country's large agricultural land area, growing government water conservation initiatives, growing adoption of micro-irrigation systems in response to growing concerns about water scarcity, the integration of automation in irrigation systems, and a strong presence of both domestic and foreign irrigation equipment manufacturers are all factors contributing to China's substantial market share. Furthermore, Jain Irrigation Systems Ltd (JISL), EPC Industries Ltd, Netafim Ltd, Rivulis Irrigation Ltd, Harvel Agua India Private Limited, and Others are among the market's main companies.

Asia Pacific Irrigation Equipment Market Segmentation:

By Type: Based on the Type, Asia Pacific Irrigation Equipment Market is segmented as; Sprinkler, Drip, and Pivot.

By Application: Based on the Application, Asia Pacific Irrigation Equipment Market is segmented as; Crop and Non-crop.

By Region: This research includes data for China, Japan, India, South Korea, Australia, Indonesia, Others.

For More Information, refer to below link: -

Asia Pacific Irrigation Machinery Market Outlook

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