Global Micro irrigation Systems Market Research Growth, Trend and Forecast 2018
Market Overview:
The global Micro irrigation Systems market was valued at USD 2.99billion in 2016 and is projected to reach USD 13.24billionby 2025, growing at a CAGR of 18.0% from 2017 to 2025.
Micro irrigation systems are gaining worldwide acceptance owing to their water saving ability. This localized irrigation technique is being installed in orchards and vineyards owing to proven water efficiency and increased productivity. The growing demand in Asia Pacific is expected to drive market demand.
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Market Dynamics:
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Market Drivers
1.1 Efficient usage of water in drought conditions
1.2 Higher yield requirement from limited area
2. Market Restraints
2.1 High initial investment
2.2 Absence of proper monitoring agency leading to product duplication
Market Segmentation:
The global Micro irrigation Systemsmarket is segmented on the type, application, component, end user, and region.
- By Type:
1.1 Microsprinkler
1.2 Drip
- By Application:
2.1 Field Crops
2.2 Plantation Crops
2.3 Vineyards and Orchard Crops
2.4 Others
3. By End User:
3.1 Farmers
3.2 Industrial Users
3.3 Others
4. By Component:
4.1 Filters
4.2 Drip Emitter
4.3 Micro Spray
4.4 Irrigation Valve
4.5 Polyethylene Tubing
5. By Region:
5.1 North America U.S., Canada, Mexico
5.2 Europe Germany, UK, France, Rest of Europe
5.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
5.4 Latin America Brazil, Argentina, Rest of Latin America
5.5 Middle East & Africa
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The major players in the market are as follows:
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EPC Industries Limited
2. Hunter Industries
3. Jain Irrigation Systems
4. T-L Irrigation
5. Rain Bird Corporation
6. Lindsay Corporation
7. Netafim Corporation
8. The Toro Company
9. Nelson Irrigation
10. Valmont Industries Incorporated
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Micro irrigation Systems Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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