The Drip Irrigation Systems Market is predicted to reach USD 3,823.56 million with a CAGR of 10.7% according to Market Data Forecast report

The Drip Irrigation Systems Market is predicted to reach USD 3,823.56 million with a CAGR of 10.7% according to Market Data Forecast report

ID: 1854 | April 2018 | Region: Global

The Drip Irrigation Systems Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Drip Irrigation Systems Market is estimated to be USD 2306.8 million in 2016 and predicted to rise to USD 3,823.56 million by 2021 with a CAGR of 10.70%. The market is segmented by Crop Type (Fruits and Vegetables, Field crops, Orchard Crops, Turf and ornamental, Vineyard and others), Application (Agriculture, Landscape, Greenhouse and Others), and Components (Pressure Gauges, Filters, Valves, Emitters, Drip Tubes, and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The Drip irrigation system is to a great extent driven by the better water efficiency over other irrigations methods. Accurate water application brings about better agricultural production with negligible water misfortune.  Because of rising water shortage issues around the world, the selection of drip irrigation system is relied upon to rise considerably in the coming years.

Decreasing water wastage, rising demand for the agricultural products due to increasing population, government subsidies in various countries, advancement in technology are the driving the growth of the market. Restraints such high investment cost and lack of proper awareness are the limiting the market.

Asia-Pacific represents the biggest share of the worldwide market followed by North America. China is expected to show highest growth over the forecast period. These areas are going to witness a demand for such innovations and are anticipated to be major demand centers.

The market of drip irrigation is dominated by some key market players include Netafim Limited, Jain Irrigation System Limited, Lindsay Corporation, The Toro Company, Eurodrip S.A, EPC Industries Limited, Rain Bird Corporation, Rivulus Irrigation, and Driptech Incorporated.

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