The Global Micro 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 Global Micro Irrigation Systems Market is estimated to be $3.84 billion and predicted to rise to $8.71 billion with a CAGR of 17.80%. The market is segmented by Type (Drip Irrigation System(Backflow Preventers, Filters, Drip Tube, Valves, Pressure Regulators, Emitters, and Others), Sprinkler Irrigation System(Tubing, Sprinkler Heads, Pumping Unit, Couplers, Fittings and Accessories, and Others), Central Pivot Irrigation System(Pipelines, System control towers, Water Emitters, Central Towers), Lateral move Irrigation System), by End User (Farmers, Industrial Users, and Others), and by Application (Plantation Crops, Orchard Crops & Vineyards, Field Crops, Forage & Turf Grasses, and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The growth of the Global Micro Irrigation Systems market is majorly driven by factors such as water scarcity; rising population coupled with growing food demand, and advanced production practices. However, factors such as high initial investment and high upkeep costs of the micro-irrigation systems are impeding the growth of the market.
Sprinkler Irrigation Systems lead the global market for Micro Irrigation Systems, whereas are Drip Irrigation Systems are growing at the highest CAGR during the forecast period. With the advance of micro sprinklers, irrigation on low value field crops has enhanced, especially in countries such as India and China. Orchard Crops & Vineyards lead the global market on the basis of application, followed by Plantation Crops.
North America leads the global Micro Irrigation Systems market followed by Asia Pacific and Europe. Developing countries in the Asia Pacific and Latin America regions are expected to experience severe water shortage in the near future due to mounting water demand for household, trade and industrial uses. These regions are expected to observe sharp demand for such technologies and are anticipated to be the key demand centres.
The industry is highly disjointed with several small, medium and large scale players. Companies are funding R&D projects and building collaborations to achieve a stronger position in the market by boosting their product portfolio. The major companies dominating the global Micro Irrigation Systems market are Jain Irrigation Systems Ltd., Lindsay Corporation, Nelson Irrigation Corporation, The Toro Company, EPC Industries Limited, Valmont Industries Inc., and T-L Irrigation.
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