The South America drip irrigation market is expected to grow from US$ 610.40 million in 2022 to US$ 1,230.85 million by 2028; it is estimated to grow at a CAGR of 12.4% from 2022 to 2028.
Photovoltaic or solar-powered drip irrigation (PVDI) comprises a photovoltaic (PV) panel or a solar generator, soil moisture sensors, and a solar-powered water pump. The pump is equipped with solar cells powered by the sun’s energy that supplies water to crops. Solar-powered pumps are easy to install and maintain, which is propelling their growth across the region. With the price of solar photovoltaic (PV) panels plummeting over the last decade, solar water pumps and drip irrigation systems are used widely among small-scale farmers. This creates a huge opportunity for rural off-grid farms to expand crop production. Many drip irrigation companies are leveraging the benefits of the Internet of Things (IoT) to improve agricultural production and the lives of farmers. Market players are leveraging solar-powered drip irrigation as a strategy for enhancing food security. The growing demand for such cost-effective, simple configuration, lightweight, and environment-friendly technologies is anticipated to propel the drip irrigation market growth in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America drip irrigation market. The South America drip irrigation market is expected to grow at a good CAGR during the forecast period.
South America Drip Irrigation
Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the South America Drip Irrigation provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the South America Drip Irrigation refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.South America Drip Irrigation Strategic Insights
South America Drip Irrigation Report Scope
Report Attribute
Details
Market size in 2022
US$ 610.40 Million
Market Size by 2028
US$ 1,230.85 Million
Global CAGR (2022 - 2028)
12.4%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Component
By Emitter Type
By Application
By Type
Regions and Countries Covered
South and Central America
Market leaders and key company profiles
South America Drip Irrigation Regional Insights
South America Drip Irrigation Market Segmentation
The South America drip irrigation market is segmented based on component, emitter, application, type, and country. Based on component, the market is segmented into emitters, drip tubes/drip lines, filters, valves, pressure pumps, and others. The emitters segment would dominate the market in 2022, and it is expected to be the fastest-growing segment during the forecast period. In terms of emitter type, the market is segmented into inline and online. The online segment would dominate the market in 2022, and it is anticipated to be the fastest-growing segment during the forecast period. Based on application, the market is segmented into agriculture, green house, and others. The greenhouse segment would dominate the market in 2022. The agriculture segment is expected to be the fastest-growing segment during the forecast period. Based on type, the market is segmented into surface and subsurface. The subsurface segment would dominate the market in 2022, and it is expected to grow at the fastest CAGR during the forecast period. Based on country, the South America drip irrigation market is segmented into Brazil, Argentina, and the Rest of South America.
Chinadrip Irrigation Equipment Co., Ltd.; Hunter Industries; IRRITEC S.P.A.; Jain Irrigation Systems Ltd.; Lindsay Corporation; Netafim; Rain Bird Corporation; Rivulis; and The Toro Company are among the leading companies in the South America drip irrigation market.
The South America Drip Irrigation Market is valued at US$ 610.40 Million in 2022, it is projected to reach US$ 1,230.85 Million by 2028.
As per our report South America Drip Irrigation Market, the market size is valued at US$ 610.40 Million in 2022, projecting it to reach US$ 1,230.85 Million by 2028. This translates to a CAGR of approximately 12.4% during the forecast period.
The South America Drip Irrigation Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Drip Irrigation Market report:
The South America Drip Irrigation Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Drip Irrigation Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Drip Irrigation Market value chain can benefit from the information contained in a comprehensive market report.