Micro Irrigation Systems Market Will Reach USD 8.0 Billion by 2025: Meticulous Research®
Micro Irrigation Systems Market by type (Sprinkler, Drip), Component (Drippers, Polyethylene Tubing, Irrigation Valve, Filters), Crop Type (Plantation Crops, Orchard Crops, Field Crops), Application (Farmers, Government), and Geography- Global Forecast to 2024
Pune, India – January 14, 2020 /MarketersMedia/ —
Meticulous Research® in its latest publication on Micro Irrigation Systems Market states that global micro irrigation systems market is expected to grow at a CAGR of 18-20% from 2019 to reach around $8.0 billion by 2025. The growth of this market is mainly driven by the factors such as rising need to increase crop yield with minimal water use; government encouragement for adoption of micro irrigation systems; and technological innovation in irrigation.
Water use has been growing globally at more than twice the rate of population increase in the last century. Nowadays, water scarcity already affects every continent of the world. Moreover, this water scarcity will be exacerbated as rapidly growing urban areas place heavy pressure on neighboring water resources. Moreover, the factors such as climate change and bio-energy demands are also expected to amplify the already complex relationship between world developments and water demand. According to the World Water Development Report 2019 published by United Nations Water Organization, over 2 billion people live in countries which are experiencing high water stress and more than 4 billion people experience severe water scarcity during at least one month of the year. Stress levels will continue to increase as demand for water grows and the effects of climate change intensify.
As compared to the conventional surface irrigation method, micro irrigation system is more efficient in saving water and increasing water use efficiency. Further, it also reduces water consumption, growth of unwanted plants or weeds, soil erosion and cost of cultivation. Moreover, micro irrigation is also adopted in all kinds of land, especially where it is not possible to effectively use flooding method for irrigation.
To provide efficient analysis, Meticulous Research® has segmented this market on the basis of by type (sprinkler irrigation, drip irrigation), component (drip emitters/drippers, polyethylene tubing, irrigation valve, filters, micro spray/sprinkle, tubing, pumping, valves, couplers, pressure regulators, and others), crop type (plantation crops, orchard crops and vineyards, field crops, and others), application (farmers, government, and others). The study also evaluates industry competitors and analyzes the market at the regional and country level.
In case of type, the global micro irrigation systems market is mainly segmented into drip irrigation and sprinkler irrigation. Drip irrigation is estimated to command the largest share of overall micro irrigation systems market in 2019, owing to its high efficiency and diversified application. In addition, rising need to enhance water use efficiency; reduce cost; save time and reduce growth of weeds; and need to increase agricultural production are further supporting to the growth of this market.
In case of crop type, the global micro irrigation systems market is mainly segmented into plantation crops, orchard crops and vineyards, field crops, and others. Orchard crops and vineyards application segment is estimated to command the largest share of the overall micro irrigation systems market in 2019. The rapid growth in the production of greenhouse vegetables is driving the application of micro irrigation systems for orchard crops.
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Geographic Review
Geographically, the micro irrigation systems market is mainly segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is expected to capture a significant share in the overall micro irrigation systems market in 2019. Rising automation or mechanization in agriculture & adoption of advanced irrigation control systems; rising need to conserve water and reduce water stress; and increasing government initiatives in irrigation are some of the factors supporting the greater adoption of micro irrigation systems in this region. However, Asia Pacific region is slated to register the highest CAGR during the forecast period, owing to rising adoption of modern irrigation techniques in countries such as China, Japan, Australia, and India; and continuous government financial assistance for irrigation.
Key players:
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players operating in this market including Netafim Ltd. (Israel), Jain Irrigation Systems Ltd (India), Lindsay Corporation (U.S.), The Toro Company (U.S.), Nelson Irrigation Corporation (U.S.), Rain Bird Corporation (U.S.), Hunter Industries Incorporated (U.S.), Valmont Industries, Inc. (U.S.), EPC Industries Limited (India), T-L Irrigation Co. (U.S.), Rivulis Irrigation Ltd. (India), Elgo Irrigation Ltd. (Israel), and Sistema Azud SA (Spain), among others.
Key Topics Covered in This Report:
1. Introduction to Global Micro Irrigation Systems Market
1.1. Market Ecosystem
1.2. Report Elucidation
1.3. Research Methodology
1.3.1 Secondary Research
1.3.2. Primary Research
1.3.3. Market Analytics
2. Executive Summary
3. Market Insights
3.1. Drivers
3.2. Restraints
3.3 Opportunities
3.4. Challenges
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4. Global Micro Irrigation Systems Market, By Type
4.1. Introduction
4.2. Sprinkler Irrigation
4.3. Drip Irrigation
5. Global Micro Irrigation Systems Market, By Component
5.1. Introduction
5.2. Drip Emitter/Drippers
5.3. Polyethylene Tubing
5.4. Irrigation Valve
5.5. Filters
5.6. Micro Spray/Sprinkle
5.7. Tubing
5.8. Pumping
5.9. Valves
5.10. Couplers
5.11. Pressure Regulators
5.12. Others
6. Global Micro Irrigation Systems Market, By Crop Type
6.1. Introduction
6.2. Plantation Crops
6.3. Orchard Crops and Vineyards
6.4. Field Crops
6.5. Others
7. Global Micro Irrigation Systems Market, By Application
7.1. Introduction
7.2. Farmers
7.3. Government
7.4. Others
8. Micro Irrigation Systems Market, By Geographic Analysis
8.1. North America
8.1.1. U.S.
8.1.2. Canada
8.1.3. Mexico
8.2. Europe
8.2.1. Spain
8.2.2. France
8.2.3. Germany
8.2.4. U.K.
8.2.5. Italy
8.2.6. Rest of The Europe
8.3. Asia-pacific
8.3.1. China
8.3.2. India
8.3.3. Australia
8.3.4. Japan
8.3.5. RoAPAC
8.4. Rest of World
8.4.1. Latin America
8.4.1.1. Brazil
8.4.1.2. Argentina
8.4.1.3. Chile
8.4.1.4. RoLATAM
8.4.2. Middle East and Africa
9. Company Profiles
9.1. Netafim Ltd.
9.2. Jain Irrigation Systems Ltd
9.3. Lindsay Corporation
9.4. The Toro Company
9.5. Nelson Irrigation Corporation
9.6. Rain Bird Corporation
9.7. HUNTER INDUSTRIES
9.8. Valmont Industries, Inc.
9.9. EPC Industries Limited
9.10. T-L Irrigation Co.
9.11. Rivulis Irrigation Ltd.
9.12. Elgo Irrigation Ltd.
9.13. Sistema Azud SA
10. Appendix
10.1. Questionnaire
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