Global Precision Irrigation Market - Growth, Trends and Forecasts (2017 - 2022)
The global precision irrigation market is estimated to witness growth at a CAGR of 7.2% over the period of 2016 to 2021. This growth in the market is accredited to the benefits of water conservation, emerging modern technologies, and its advantages over traditional irrigation. Precision irrigation showcases a significant potential in enhancing the crop yield with available limited resources. Precision irrigation provides with the combination of systems and solutions in order to efficiently utilize water by matching the irrigation inputs to yields in each area of a field.
Irrigation is the application of water on, above, or below the soil by different techniques, such as surface drip and subsurface irrigation. Greenhouse irrigation can be defined as a method of irrigating greenhouse crops by supplying water to the soil surface through drip tubes or tapes, emitters, and sprinklers. This system is used when there is scarcity of labor, or where precise and frequent irrigation is needed without wastage of time and water.
Following a comprehensive research on precision Irrigation system and extensive assessment of the market scenario, the report carries out an impact analysis of the key industry drivers, challenges and opportunities, listed in the market dynamics segment. Burgeoning population and endangered concept of food security, Modern technologies and IT, government support pushing the demand of precision irrigation techniques, The sustainable development with high water use efficiency and year round demand of better quality and yield of various crops are the key market drivers identified in the report which will provide the forward push to the industry in the forecast period. The major pain points, however, for the industry include paucity of awareness and education of precision irrigation among the farming sector, high upfront investment in precision irrigation system. There is great opportunity of new technology development and targeting growing greenhouse adaptation worldwide.
The report is a compilation of different segments of Global Precision Irrigation Market including market breakdown by systems types, crop applications and global market dynamics. Herein the revenue generated from the main segments of the market, i.e. center pivots, is tracked to calculate the market size along with a detailed explanation of other hardware and services shaping the market.This report contains region wise detailed discussion on precision irrigation, and these regions are North America, Latin America, Asia Pacific, Europe and Africa. Presently, countries such as China and Spain dominate the global consumption of greenhouse irrigation systems. China is the largest manufacturer and supplier of greenhouse irrigation systems. China, Mexico, and Turkey are the fastest-growing markets owing to growth in land area under greenhouses in these countries.
The most often used strategy for developing a better hold on to the market has been through product launches, followed by mergers & acquisitions. The systems segment of the precision irrigation market implies that market participants are more varied in nature. Moreover, the company profile section includes highlights of significant information about the key companies involved along with their financial positions key strategies, & developmental activities of recent years. Some of the key players involved in this market are Lindsay Corporation, Valmont Industries, Trimble Navigation, the Toro Company, Netafim Ltd, Jain Irrigation, Rivulis Irrigation Ltd., Nelson Irrigation Corporation and Irritec S.P.A..
In this report we offer,
Market analysis for the Global Precision Irrigation Market, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the Global Precision Irrigation Market.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major regions in country where this industry is blooming and to also identify the regions that are still untapped.