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Microirrigation System market Key Player Global Analysis On Top Key Players - Jain Irrigation, Rain Bird Corporation, Netafim, Valmont Industries, Lindsay
Microirrigation System
Growing environmental awareness and increase in income levels, along with shift in customer’s focus for eco-friendly products in developing economies is anticipated to drive micro irrigation system demand. Unpredictable precipitation in rainfall dependent nations has further supported the industry growth as this is forcing farmers to install the product for reducing seeds and crops wastage.
Micro Irrigation System Market is estimated to exceed USD 12 billion by 2024. Rising concern for depleting water resources will drive micro irrigation system market. As per United Nations report, water availability is projected to decrease in various regions with global agriculture water consumption estimated to increase by over 19% by 2050.
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Top Manufacturers in global market are given bellow:
EPC Industries, Jain Irrigation, Rain Bird Corporation, Netafim, Valmont Industries, Lindsay, Toro Company, Bhumi Polymers
Enhanced support from governments for the wastewater treatment particularly in India and China has incentivized the industry. For instance, Indian government launched Pradhan Mantri Krishi Sinchayee Yojna in July 2015, for enhancing the effective water usage & management, creating & strengthening water distribution network.
Increasing demand for agricultural products is excepted to propel micro irrigation system market. As per analysis, food industry is likely to reach at USD 3 trillion by 2020, growing at the rate of over 4% from 2015 to 2020.
North America micro irrigation system market is likely to reach USD 3.5 billion by 2024. Growing awareness among the farmers about benefits of using the product has resulted in increased industry demand. Countries including the U.S., Mexico and Canada are prominent users of the product for achieving better quality and higher yield crops for export markets which has driven the regional growth.
Latin America micro irrigation system market will surpass 5 million hectares of land covered in 2016. Changing lifestyle, improved technological innovation and increasing disposable income will favor this segment,s growth. Reduction in arable land due to industrialization, soil erosion and
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Microirrigation system Market, By Product
• Sprinkler
• Drip
Microirrigation system Market, By Application
• Orchard Crops & Vineyards
• Plantation Crops
• Field Crops
Microirrigation system Market, By End-Use
• Farmers
• Industrial
Sprinkler will be valued over USD 7.5 billion in 2024. Elimination of water conveyance channels, evenly distribution of water, and enhanced crop yields are the factors supporting the product demand. Further, suitability of product for various topographies, high irrigation efficiency and ease in operation are expected to propel this segment?s growth. However, a lot of water is wasted due to spray droplets evaporation as they fly through air which may hamper the industry demand.
Orchard crops & vineyards will grow over 12% up to 2024. Lower labor requirement and efficient control over nutrients and water has boosted the product?s demand in this segment. Effective application of water to tree lines of orchard compared to other irrigation methods including, flood & furrow and conventional sprinkler has further fueled the industry growth.
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Related Report
Global Microirrigation System Industry Report - History, Present and Future
Global Microirrigation System Market Size, Status and Forecast 2024 provides Market information about Manufacturers, Countries, Type and Application. This Industry report also states Company Profile, sales, Microirrigation System Market revenue and price, market share, market growth and gross margin by regions.
https://www.marketstudyreport.com/reports/microirrigation-system-market/?utm_source=rr&utm_medium=DC
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