Growth Opportunities in the Global Irrigation Water Solutions Market

Growth Opportunities in the Global Irrigation Water Solutions Market

Water Scarcity and the Pressure to Feed an Increasing Population are Driving Digital Transformation

RELEASE DATE
13-Jul-2021
REGION
North America
Research Code: MFF3-01-00-00-00
SKU: EN01257-NA-MT_25580
$2,450.00
In stock
SKU
EN01257-NA-MT_25580
$2,450.00
DownloadLink

Pay by invoice

ENQUIRE NOW

Description

According to the Food and Agriculture Organization of the United Nations, the global population will reach 10 billion by 2050, dramatically affecting agricultural demand and related water consumption.

More efficient irrigation automation, control, and monitoring solutions will take on the long-term challenge of water scarcity in the world, especially if governments’ conservation efforts include restrictions on irrigation frequency and duration. Conservation initiatives would compel farmers to be more conscious of their water use and consider the benefits of drip irrigation and smart, data-driven solutions that could increase crop yields yet reduce costs.

The global irrigation water solutions market generated revenue of $11.22 billion in 2020. Frost & Sullivan forecasts a compound annual growth rate of 8.0% through 2026 for revenue of $17.79 billion. Of course, agriculture is an inherently unpredictable industry: extreme weather, crop diseases, natural disasters, or significant produce price fluctuations could affect farmers’ ability to invest in new equipment.

This study examines historical revenue and the market potential for irrigation pumps, micro irrigation (drip and sprinklers), mechanical irrigation (center pivot and lateral mover systems), and smart irrigation technologies in North America, Latin America, Europe, the Asia-Pacific region, and the Middle East and Africa. The study period is from 2017 to 2026.

The research considers market drivers and restraints, notes the main competitors in each region, and considers growth opportunities for market participants. The unique characteristics of each region, including wealth disparities, the scale of farming operations, and connectivity, mean that companies cannot take a one-strategy-fits-all approach for growth.

Author: Paulina Blaszczyk

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Global Irrigation Water Solutions Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Market Segmentation

Market Definitions

Key Competitors

Key Findings

Growth Drivers

Growth Restraints

Revenue Forecast

Revenue Forecast by Segment

Revenue Forecast by Region

Revenue Forecast by Region (continued)

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Revenue Forecast

Revenue Forecast by Segment

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Revenue Forecast

Revenue Forecast by Segment

Revenue Forecast Analysis

Revenue Forecast

Revenue Forecast by Segment

Revenue Forecast Analysis

Revenue Forecast

Revenue Forecast by Segment

Revenue Forecast Analysis

Revenue Forecast

Revenue Forecast by Segment

Revenue Forecast Analysis

Growth Opportunity 1: New Capabilities and Disruptive Applications

Growth Opportunity 1: New Capabilities and Disruptive Applications (continued)

Growth Opportunity 2: Smart Farming Solutions

Growth Opportunity 2: Smart Farming Solutions (continued)

Growth Opportunity 3: New Business Models

Growth Opportunity 3: New Business Models (continued)

List of Exhibits

Legal Disclaimer

Related Research
According to the Food and Agriculture Organization of the United Nations, the global population will reach 10 billion by 2050, dramatically affecting agricultural demand and related water consumption. More efficient irrigation automation, control, and monitoring solutions will take on the long-term challenge of water scarcity in the world, especially if governments’ conservation efforts include restrictions on irrigation frequency and duration. Conservation initiatives would compel farmers to be more conscious of their water use and consider the benefits of drip irrigation and smart, data-driven solutions that could increase crop yields yet reduce costs. The global irrigation water solutions market generated revenue of $11.22 billion in 2020. Frost & Sullivan forecasts a compound annual growth rate of 8.0% through 2026 for revenue of $17.79 billion. Of course, agriculture is an inherently unpredictable industry: extreme weather, crop diseases, natural disasters, or significant produce price fluctuations could affect farmers’ ability to invest in new equipment. This study examines historical revenue and the market potential for irrigation pumps, micro irrigation (drip and sprinklers), mechanical irrigation (center pivot and lateral mover systems), and smart irrigation technologies in North America, Latin America, Europe, the Asia-Pacific region, and the Middle East and Africa. The study period is from 2017 to 2026. The research considers market drivers and restraints, notes the main competitors in each region, and considers growth opportunities for market participants. The unique characteristics of each region, including wealth disparities, the scale of farming operations, and connectivity, mean that companies cannot take a one-strategy-fits-all approach for growth. Author: Paulina Blaszczyk
More Information
Author Paulina Blaszczyk
GPS Codes 9307-A4
Industries Environment
No Index No
Is Prebook No
Podcast No
WIP Number MFF3-01-00-00-00