Irrigation Equipment Market Worth $10.01 Billion by 2029

Irrigation Equipment Market by Type (Drip Irrigation, Sprinkler Irrigation, Pivot Irrigation), Product (Drip Emitter/Drippers, Tubing, Irrigation Valve, Filters, Sprinklers, Controllers), Application (Agricultural, Non-agricultural) – Global Forecast to 2029

The Irrigation Equipment Market is slated to register a CAGR of 9.7% from 2022–2029 to reach $10.01 Billion by 2029. The popularity of irrigation equipment is rising due to its capacity to conserve water efficiently and maximize production yield. The increased adoption of advanced automated equipment positively impacts the demand for irrigation equipment.

The growth of the irrigation equipment market is driven by factors such as progressive government initiatives promoting water conservation, rising demand for irrigation equipment in lawns and gardens, and the growing adoption of modern agriculture techniques. However, the high cost of installation and declining farm income are expected to restrain the growth of this market to some extent.