Northbrook, IL 60062 -- (SBWIRE) -- 09/19/2023 -- The microirrigation systems market has witnessed significant growth, with a research report from MarketsandMarkets estimating its value at USD 10.4 billion in 2022. Projections indicate that the market will reach USD 17.8 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 9.4% from 2023 to 2028. This growth can be attributed to technological advancements that have enhanced the efficiency and effectiveness of microirrigation systems.

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Advancements in technology have led to automation and control systems that allow for precise monitoring and management of water applications. This ensures optimal irrigation scheduling, reduces human error, and maximizes water utilization. Additionally, innovations in sensor technology, remote monitoring, and data analytics have enabled real-time monitoring of soil moisture levels, weather conditions, and crop water requirements. These developments have significantly improved irrigation management.

Key Highlights:

Micro-sprinkler Segment: Micro sprinklers are emerging as the fastest-growing segment during the forecast period. They provide uniform water distribution across fields or gardens, optimizing water usage and promoting healthy plant growth. These systems operate at lower pressures and flow rates than traditional sprinklers, reducing energy requirements for water pumping.

Plantation Crops:

The plantation crops segment is projected to be the fastest-growing during the research period. Plantation crops such as tea, coffee, and cocoa are known for their high yield per unit area. Careful cultivation practices, such as mulching and terracing, help prevent soil erosion and maintain soil fertility.

Industrial Users:

Industrial users are estimated to be the fastest-growing segment during the review period. With increasing concerns about environmental sustainability, industrial users are turning to eco-friendly practices. Micro irrigation technologies support these goals by reducing water waste, minimizing fertilizer and pesticide runoff, and optimizing resource utilization. Remote monitoring and control capabilities further enhance efficiency and sustainability.

Asia Pacific Region:

Asia Pacific is expected to be the fastest-growing region during the study period. The region faces climate challenges such as irregular rainfall patterns, droughts, and heat waves. Microirrigation systems provide regulated and efficient water distribution, enhancing resilience to severe weather conditions. Additionally, these systems can remove impurities from irrigation water, ensuring crop health and yield.

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Prominent Players in the Microirrigation Systems Market:

Several prominent players operate in the microirrigation systems market, including Jain Irrigation Systems Ltd. (India), The Toro Company (US), Netafim (Israel), Nelson Irrigation (US), and Rain Bird Corporation (US), among others. These companies contribute to the industry's growth through innovation and technological advancements in microirrigation systems.

In conclusion, the microirrigation systems market is on a growth trajectory, driven by technological advancements and the need for sustainable agricultural practices. Key segments, such as micro-sprinklers and plantation crops, are expected to experience rapid expansion. The adoption of microirrigation systems by industrial users and their growing use in the Asia Pacific region further contribute to the market's robust growth.

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