Global Micro Irrigation Systems Market - Segmented By Type, Application and Geography - Trends and Forecasts (2017 - 2022)
Micro-irrigation describes a family of irrigation systems that apply water through small devices. These devices deliver water onto the soil surface very near the plant or below the soil surface directly into the plant root zone. The market was worth $1,934.3 million in 2013. The market is estimated to grow at the CAGR of 17.2% during the forecast period of 2014-2020 and is estimated to reach $5,875.1 million by 2020.
Rising water scarcity and costs are the major drivers of the market. Unpredictable rainfall in rainfall dependent countries is forcing the farmers to install micro irrigation system and reduce wastage of seeds, crops etc. Support from Governments for waste water treatment especially in China and India is another major factor for growth of the market. High cost of initial installation and continuous requirement of maintenance are restraining the growth of the market. Increasing awareness among the farmers and support from the Government in Asia-Pacific and South America is the opportunity for key players.
Sprinkler irrigation system accounts for around 50% of market share as it is cost effective for small farmers. Drip irrigation is the fastest growing segment with a forecasted CAGR of 18.1% during the forecast period.Orchards and plantations are the fastest growing segment in the market. Major application area of the system is agriculture followed by public parks.North America accounts for 35% of the market share followed by Asia-Pacific. Asia-Pacific is forecasted to be the fastest growing region with an estimated CAGR of 18.5% due to rising farmers awareness and available Government subsidies.
Investment in research and development to introduce effective technologies is the most sought after strategy of major players. Netafim and Jain Irrigation are the market leaders accounting for more than half of the market share. The major players in the market are Netafim Ltd., Jain Irrigation Systems Limited, Deere & Company among others.
In this report we offer,
1.Market Definition for the specified topic along with identification of key drivers and restraints for the market.
2.Market analysis for the Global Micro Irrigation Systems Market, with region specific assessments and competition analysis on a global and regional scale.
3.Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4.Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
5.Identification and analysis of the Macro and Micro factors that affect the Global Micro Irrigation Systems market on both global and regional scale.
6.A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Why should you buy this report?
1.For getting a comprehensive overview of the worldwide Micro Irrigation Systems market
2.To gain wide ranging information about the major players in this industry and the strategies adopted by them.
3.To gain an insight about the major countries/regions in which this industry is blooming and also identify the regions which are untapped.