Global Micro Irrigation Systems Market 2015-2019
About Micro Irrigation Systems
Irrigation is the application of water over soil/land to assist the growth of agricultural crops and re-vegetation of dry soils. An effective irrigation system reduces the loss of water and get as much water into the soil as possible. It also helps in crop protection, enhance crop yield, suppress weed growth, and prevent soil consolidation. Surface/flood irrigation systems, the traditional irrigation systems, waste water to a large extent and the field water efficiency is relatively lower than that of other irrigation systems. Micro irrigation systems such as sprinkler and drip methods are productive and help minimize the wastage of water.
Technavio's analysts forecast the global micro irrigation systems market to grow at a CAGR of 17.89% during the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the global micro irrigation systems market for the period 2015-2019. To calculate the market size, the report considers the revenue generated through the sales of micro irrigation systems worldwide.The market is divided into the following segments based on product type:
Technavio Announces the Publication of its Research Report – Global Micro Irrigation Systems Market 2015-2019
Technavio recognizes the following companies as the key players in the global micro irrigation systems market: EPC Industries (Mahindra & Mahindra), Jain Irrigation Systems, Netafim, Rain Bird, The Toro Company and Valmont Industries
Other Prominent Vendors in the market are: Hunter Industries, Lindsay, Nelson irrigation, Reinke Manufacturing and T-L Irrigation
Commenting on the report, an analyst from Technavio’s team said: “Emerging countries are witnessing a high level of mechanization in the agriculture sector. The penetration of agricultural machineries in the BRIC countries and Africa has increased considerably, driven by the growing interest among customers to increase productivity. Therefore, it has become imperative for these countries to modernize their farming processes to meet the rising demand for agricultural products, increase farm income, and boost economic growth.”
According to the report, the growing global population has led to increased demand for food and related products in the last two decades. With per capita consumption increasing steadily, farm income is on the rise. This has created several growth opportunities for vendors in the market.
Further, the report states that the capital-intensive nature of micro irrigation systems may hamper market growth.
EPC Industries (Mahindra & Mahindra), Jain Irrigation Systems, Netafim, Rain Bird, The Toro Company, Valmont Industries, Hunter Industries, Lindsay, Nelson irrigation, Reinke Manufacturing, T-L Irrigation
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook