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Global Micro Irrigation Systems Market projected to grow with significant CAGR over the forecast

Global Micro Irrigation Systems Market projected to grow with significant CAGR over the forecast
Global Micro Irrigation Systems Market
Global Micro Irrigation Systems Market
PR-Inside.com: 2018-05-17 13:01:39
Global Micro Irrigation Systems Market projected to grow with significant CAGR over the forecast

Application of water to the soil for healthy development of plants or to have re-vegetation on a dry land is called as irrigation. A good irrigation system is one that eliminates water loss and makes optimal use of water for irrigation. A good irrigation system improves crop yield, reduces weed, helps to protect crops and prevents soil consolidation. Micro-irrigation systems is innovative as it utilizes spraying and dripping principle for irrigation which reduces water loss and makes it far superior than conventional irrigation methods.

Micro Irrigation Systems market – Driving Forces and Restricting Forces

Alarming situation of water crisis and growing concern towards saving water is the main driving force for micro irrigation systems market as these systems are more effective over conventional irrigation methods. Further factors like increase in demand for agricultural and food products, increased investment by companies and various governments, water supply and storage problems are other driving forces. Governments and their regulatory policies can play an important role in making micro irrigation systems being adopted by farmers. A drought like situation can be controlled to some extent through micro irrigation systems.

On other side, high initial cost, high maintenance cost, low level of commercialization of the product will continue to act against the growth of micro irrigation systems market.

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Micro Irrigation Market – Classification

We can segment the global micro irrigation systems market on the basis of type, components, application and geography.

On the basis of type, the micro irrigation market can be segmented as:-

• Drip Irrigation Systems

• Sprinkler Irrigation Systems

I. Lateral Move Sprinklers

II. Traditional Sprinklers

III. Center Pivot Sprinklers

On the basis of application, the micro irrigation market can be segmented as:-

• Field crops

• Vineyards

• Others

Micro Irrigation Systems market – Global Perspective

On the basis of geography, the micro irrigation systems market can be divided into following regions:-

• North America

• Europe

• Middle East & Africa

• Asia pacific

• Latin America.

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Among all the specified regions, Europe is likely to lead the micro irrigation systems market due to presence of well developed infrastructure in major countries in this region. These countries have stadiums, public parks and sports ground that might need such kind of micro irrigation systems. Also in Europe countries like UK, France, Germany and Spain are likely to have a need for well organized water distribution systems. Asia-Pacific is seen as the second emerging market for this segment. Adoption of advanced technology by farmers in countries like India, Japan, China, and South Korea is one driving force; other being the initiatives taken by governments of various countries in the agricultural segment.

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Micro Irrigation Systems – Key Players

Few of the key players in the micro irrigation systems market are:-

• Rain Bird Corporation (U.S.)

• Jain Irrigation Systems Ltd. (India)

• The Toro Company (U.S.)

• Lindsay Corporation (U.S.)

• Netafim Limited (Israel)

• Hunter Industries (U.S.)

• Valmont Industries, Inc. (U.S.)

Micro Irrigation Systems Market – Recent Developments

• May 2016 – Release of complete system of micro irrigation for any application by Hunter Industries (US).

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