Drip Irrigation Market Growth by Revenue, Technology Trends, Market Share, and Progress Towards 2025 | Rain Bird Corporation, Netafim limited, Lindsay Corporation, Driptech Incorporated, Microjet Irrigation System, Toro Company, EPC Industries LTD,

Drip irrigation is a type of irrigation technique that aids in saving water. The technique is useful in areas where there is scarcity of water. The market growth is also aided by government programs aimed at promoting drip irrigation. Growing water crisis globally is expected to increase market penetration of this irrigation technique.

Download PDF Brochure OF Research Report @ https://www.worldwidemarketreports.com/sample/235564

Drip Irrigation Market Outlook:
The global Drip Irrigationmarket was valued at USD 3.38billion in 2016 and is projected to reach USD 9.23billionby 2025, growing at a CAGR of 11.80% from 2017 to 2025.

Asia Pacific market is anticipated to grow at a substantial rate over the forecast period, owing to incentives and subsidies provided by the government. Moreover, advantages associated with use of drip irrigation such as high yield and low wastage of water are fueling growth of the market in emerging economies such as China and India. Furthermore, the restriction on soil erosion and easy fertilization are major factors driving growth of the drip irrigation market. The Department of Agriculture and Farmers Welfare in India under the Accelerated Irrigation Benefit Programme (AIBP) of Ministry of Water Resources (MOWR) has proposed a scheme of approximately 153 Million US$ for the period of 2015 -2016.

The drip irrigation market in Europe is expected to gain significant traction over the forecast period, owing to reduction in arable land, water scarcity due to industrialization, and increasing population in Europe. Moreover, government is encouraging high crop production with limited resources through drip irrigation. In 2016, EU and Eritrea has signed a deal of US$ 22.24 million for Drip Irrigation Systems Supply and Installation Deal.

Competitive Landscape:
The major players in the market are as follows:
Antelco Pty Ltd., Jain Irrigation Systems, Shanghai Huawei Water Saving Irrigation Corp. Ltd., Lindsay Corporation, Elgo Irrigation Ltd., The Toro Company, Chinadrip Irrigation Equipment Co. Ltd., Hunter Industries Incorporated, Netafim Limited, Rivulis Irrigation Ltd., Rain Bird Corporation

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.

Market Segmentation:
The global Drip Irrigationmarket is segmented on thecrop type, component, application, and region.

By Crop Type:
Vegetable Crops
Nuts and Fruits
Field Crops
Others

By Component:
Pressure Pumps
Emitters/Drippers
Filters
Valves
Fittings and Accessories
Drip Lines/Drip Tubes

By Application:
Subsurface
Surface

Request For Customization Of Research Report @ https://www.worldwidemarketreports.com/speakanalyst/235564

About Worldwide Market Reports:

Worldwide Market Reports is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr. Shah
Worldwide Market Reports
Tel: +1 415 871 0703
Email: sales@worldwidemarketreports.com

This release was published on openPR.