Microirrigation System Market Key Players are: Toro Company, Jain Irrigation, Netafim, Valmont Industries, Lindsay Corporation, EPC Industries

Market Overview:-

Increasing necessity to overcome water scarcity will drive microirrigation system market. Globally 70% of the water sources are used for irrigation and agricultural purposes whereas 10% accounts for domestic purposes.

In recent years, deforestation, urbanization, soil erosion and industrialization led to significant arable land depletion. Increasing concern for sustainable water resource management will drive microirrigation system market growth. Depleting water resources in many parts of world are the key drivers supporting industry growth.

Government initiatives to ensure more equitable distribution by minimizing wastage will drive product demand as an effective tool for water conservation. As per UN estimation, global population has reached over 6.5 billion in September 2017 and likely to surpass 11 billion by 2100. Rising population level and growing concern for regular water supplies will propel microirrigation system demand.

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Top Key Players:-

Global microirrigation system market share is fragmented in nature with the presence many local and international industry participants. Some of the prominent industry players are Rain Bird Corporation, Bhumi Polymers, Finolex Plasson, Ecoflo Irrigation, Lindsay Corporation, Automat Industries, Signet Group, Valmont Industries, Toro Company, Jain Irrigation, Netafim, EPC Industries. Government support by providing subsidies will further drive microirrigation system market.


Regional Segmentations: -

APAC microirrigation system market will be valued over USD 3 billion by 2024. Favorable socio-economic conditions in China, India, and Australia has enhanced the product demand. For instance, China accounts for 10% agriculture land under the microirrigation system, thus regional market is expected to provide lucrative opportunity for manufactures. Rising awareness among the farmers about product application has further propelled industry growth.

Partial Chapter of the Table of Content

Chapter 3. Microirrigation System Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Profit margin trends
3.3.3. Vendor matrix
3.4. Technology landscape
3.5. Components of microirrigation system
3.5.1. Drip
3.5.1.1. Water source
3.5.1.2. Control valve
3.5.1.3. Filter
3.5.1.4. Main pipe
3.5.1.5. Sub-main pipe
3.5.1.6. Lateral pipe
3.5.1.7. Micro-tube / emitter
3.5.1.8. Fittings & accessories
3.5.2. Sprinkler
3.5.2.1. Water Source / Pump
3.5.2.2. Filter
3.5.2.3. Main pipe
3.5.2.4. Sub-main pipe
3.5.2.5. Lateral pipe
3.5.2.6. Mini sprinkler
3.5.2.7. Fittings & Accessories
3.6. Overview of emitter types
3.6.1. Porous pipe
3.6.2. Pre-installed emitter
3.6.3. Punch-in emitter
3.6.4. Micro-sprinkler heads
3.7. Industry best practices & key buying criteria
3.8. Regulatory landscape
3.8.1. North America
3.8.2. Europe
3.8.3. APAC
3.8.4. LATAM
3.8.5. MEA
3.9. Pricing analysis, by region
3.9.1.1. North America
3.9.1.2. Europe
3.9.1.3. Asia Pacific
3.9.1.4. Latin America
3.9.1.5. MEA
3.9.2. Cost structure analysis
3.10. Industry impact forces
3.10.1. Growth drivers, by region
3.10.1.1. North America
3.10.1.2. Europe
3.10.1.3. Asia Pacific
3.10.1.4. Latin America
3.10.1.5. MEA
3.10.2. Industry pitfalls & challenges
3.11. Innovation & sustainability
3.12. Growth potential analysis
3.13. Competitive landscape, 2016
3.13.1. Market share analysis
3.13.2. Key stakeholders
3.13.3. Strategy dashboard
3.14. Porter's analysis
3.15. PESTEL analysis

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Increasing necessity to reduce labor cost and improve efficiency will drive product penetration. Changing demographics led to population migration from villages to cities, which resulted in low workforce for agricultural sector. Thus, resource scarcity and rising labor cost will propel microirrigation system market.

High maintenance & equipment cost, and initial investment of micro-irrigation system may hinder industry growth. However, increase in government support through subsidies is likely to reduce the impact of above restraints.

Sprinkler was valued over USD 3 billion in 2016. Increased yield at affordable price, water usage efficiency, and improved cultivation in barren land are key factors driving industry growth. Rising environmental pollution concern and improved soil fertility & crop quality are other factors enhancing product scope.

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