Microirrigation System Market will surpass 150 million hectares by 2024

Microirrigation System Market growth will be driven by increasing necessity to reduce labor cost and improve efficiency.

Sellbyville, United States – June 28, 2019 /MarketersMedia/ —

The revenue of microirrigation system market is estimated to reach USD 12 billion by 2024. Increasing necessity to overcome water scarcity will drive the market. Globally 70% of the water sources are used for irrigation and agricultural purposes whereas 10% accounts for domestic purposes.

Increasing necessity to reduce labor cost and improve efficiency will drive product penetration. Changing demographics led to population migration from villages to cities, which resulted in low workforce for agricultural sector. Thus, resource scarcity and rising labor cost will propel microirrigation system market.

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In recent years, deforestation, urbanization, soil erosion and industrialization led to significant arable land depletion. Increasing concern for sustainable water resource management will drive microirrigation system market growth. Depleting water resources in many parts of world are the key drivers supporting industry growth.

High maintenance & equipment cost, and initial investment of micro-irrigation system may hinder industry growth. However, increase in government support through subsidies is likely to reduce the impact of above restraints.

APAC microirrigation system market will be valued over USD 3 billion by 2024. Favorable socio-economic conditions in China, India, and Australia has enhanced the product demand. For instance, China accounts for 10% agriculture land under the microirrigation system, thus regional market is expected to provide lucrative opportunity for manufactures. Rising awareness among the farmers about product application has further propelled industry growth.

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Sprinkler was valued over USD 3 billion in 2016. Increased yield at affordable price, water usage efficiency, and improved cultivation in barren land are key factors driving microirrigation system market growth. Rising environmental pollution concern and improved soil fertility & crop quality are other factors enhancing product scope.

Orchard crops & vineyards will foresee gains over 10% up to 2024. Rise in awareness among farmers about product benefits is projected to drive industry demand. Proper water application maintains the desired soil moisture in the root zone, thus results in optimum development of row crops, vineyards and tree orchards.
Government initiatives to ensure more equitable distribution by minimizing wastage will drive product demand as an effective tool for water conservation. As per UN estimation, global population has reached over 6.5 billion in September 2017 and likely to surpass 11 billion by 2100. Rising population level and growing concern for regular water supplies will propel microirrigation system market demand.

Farmers end-use segment accounted more than 75% market share in 2016. High crop productivity, improving crop quality and reducing water wastage are the key driving factors stimulating product demand. Large corporate & private farms are probable end-users of the microirrigation system market.

Browse key industry insights spread across 300 pages with 239 market data tables & 11 figures & charts from the report, “Microirrigation System Market Size By Product (Sprinkler, Drip), By Application (Orchard Crops & Vineyards, Plantation Crops, Field Crops), By End-Use (Farmers, Industrial) Industry Analysis Report, Regional Outlook (U.S, Canada, Mexico, Spain, Russia, France, Italy, Turkey, Germany, Ukraine, UK, China, India, Australia, Japan, South Korea, Malaysia, Brazil, Chile, Iran, South Africa, Saudi Arabia, Egypt, Israel), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/microirrigation-systems-market

Table of Contents (ToC) of the report:

Chapter 3. Microirrigation System Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Profit margin trends
3.3.3. Vendor matrix
3.4. Technology landscape
3.5. Components of microirrigation system
3.5.1. Drip
3.5.1.1. Water source
3.5.1.2. Control valve
3.5.1.3. Filter
3.5.1.4. Main pipe
3.5.1.5. Sub-main pipe
3.5.1.6. Lateral pipe
3.5.1.7. Micro-tube / emitter
3.5.1.8. Fittings & accessories
3.5.2. Sprinkler
3.5.2.1. Water Source / Pump
3.5.2.2. Filter
3.5.2.3. Main pipe
3.5.2.4. Sub-main pipe
3.5.2.5. Lateral pipe
3.5.2.6. Mini sprinkler
3.5.2.7. Fittings & Accessories
3.6. Overview of emitter types
3.6.1. Porous pipe
3.6.2. Pre-installed emitter
3.6.3. Punch-in emitter
3.6.4. Micro-sprinkler heads
3.7. Industry best practices & key buying criteria
3.8. Regulatory landscape
3.8.1. North America
3.8.2. Europe
3.8.3. APAC
3.8.4. LATAM
3.8.5. MEA
3.9. Pricing analysis, by region
3.9.1.1. North America
3.9.1.2. Europe
3.9.1.3. Asia Pacific
3.9.1.4. Latin America
3.9.1.5. MEA
3.9.2. Cost structure analysis
3.10. Industry impact forces
3.10.1. Growth drivers, by region
3.10.1.1. North America
3.10.1.2. Europe
3.10.1.3. Asia Pacific
3.10.1.4. Latin America
3.10.1.5. MEA
3.10.2. Industry pitfalls & challenges
3.11. Innovation & sustainability
3.12. Growth potential analysis
3.13. Competitive landscape, 2016
3.13.1. Market share analysis
3.13.2. Key stakeholders
3.13.3. Strategy dashboard
3.14. Porter’s analysis
3.15. PESTEL analysis

Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/microirrigation-systems-market

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