Micro Irrigation Systems Market Worth USD More Than 23 Billion By 2026| Jain Irrigation Systems Ltd, Netafim, The Toro Company, T-L Irrigation Co, Lindsay Corporation, Rain Bird Corporation, Valmont Industries Inc
Micro irrigation, also called low-volume irrigation, delivers water directly to the root zone of the plant. There are many parts to a typical irrigation system, but a micro irrigation system offers users the most value, including better control and water savings.
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Global Micro Irrigation Systems Market- Market Dynamics
Micro irrigation systems help to produce more from the available land, water and labor resources without either ecological or social harmony, also it generates high income from the farm. Micro irrigation systems help to increase yield of farmlands through economical use of water, generating high income by optimized use of available resources. These properties are expected to help drive the micro irrigation systems market during the forecast period.
The scarcity of water resources in most of the regions would also influence the product demand in a positive manner, coupled with growing demand for high-quality crop yield. In addition, the high investment costs and lack of proper awareness are expected to impede market growth.
Global Micro Irrigation Systems Market- Segmentation Analysis
On the basis of type, the global micro irrigation systems market is segmented into drip irrigation, sprinkler irrigation, and others. Of these, drip irrigation dominates the market as it evenly distributes water directly to root systems, and doesn't waste water through evaporation. Further, drip irrigation systems does not emit pollution. Drip irrigation is one of the most efficient types of irrigation systems. The efficiency of applied and lost water as well as meeting the crop water need ranges from 80 to 90%.
Although a drip irrigation system is the best solution for smart irrigation, Its implementation is complex and time consuming. Drip irrigation enables better water management in comparision to other irrigation systems, hence its market demand is high.
Global Micro Irrigation Systems Market- Geographical Analysis
Geographically, the global micro irrigation systems market is segmented into North America, South America, Europe, Asia Pacific, and RoW.
Of these, Asia Pacific micro irrigation systems market is the dominant due to massive irrigated areas and adoption of micro irrigation systems across the hilly terrains. For instance, in India, there has been tremendous growth in the area under drip irrigation during the last 15 years. At present, around 3.51akh ha area is under drip irrigation with the efforts of the Government of India. Maharashtra (94,000 ha), Karnataka (66,000 ha) and Tamil Nadu (55,000 ha) are some of the states where large areas have been brought under drip irrigation, according to statistics released by the Indian Agriculture Research Institute
The companies are more focused on the acquisition as part of their business strategy to expand their geographic presence. For instance, in February 2017, Jain Irrigation Systems Ltd acquired Australian agri-tech firm Observant Pty Ltd for strengthening the company's base, and bring up a new product portfolio in micro-irrigation systems and enhance its presence in Australia & New Zealand.
Global Micro Irrigation Systems Market- Competitive Analysis
Global micro irrigation systems market is fragmented with the presence of many local and international players. However, Jain Irrigation Systems Ltd., Deere & Company, Rivulis Irrigation, T-L Irrigation Company, and Lindsay Corporation are the prominent players in the global micro irrigation systems market. Rivulis Irrigation is one of the major company in micro-irrigation and is enhancing the market through a definitive merger agreement. For instance, in January 2017, Rivulis Irrigation Ltd. of Israel and Eurodrip S.A. of Greece have entered into a definitive merger agreement in an all-share transaction, creating a global leader in micro-irrigation.
Growing collaborations among companies is a significant business strategy which would be propel the availability of superior products and thus will drive the demand for micro irrigation systems products. For instance, in October 18, 2017, The Toro Company partnered with EarthLab for Orchard Project to support the local communities to apply more efficient and sustainable water use practices through micro irrigation systems, promoting sustainability among local students and families.
Drip Irrigation is leading segment as it evenly distributes water directly to root systems, and doesn't waste water through evaporation.
Asia Pacific is the leading region by geography owing to the massive irrigated areas and adoption of micro irrigation systems across the hilly terrains.
The companies are focused on product launch as a part of their business strategy to consolidate its market position. For instance, in May 2016, Hunter introduced a new range of products including the PLD-LOC fittings which fit 1/2" tubing/dripline between 16-18 mm, commercial-grade IH risers (flexible PVC), multi-port emitters for commercial PVC systems, mini landscape dripline, 1/4" polyethylene and vinyl tubing, half inch polyethylene tubing, and rigid risers, which are durable and designed for commercial applications. .
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Visualize the composition of the global micro irrigation systems market products across each indication, in terms of type, crop type, and end-user highlighting the critical commercial assets and players.
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Excel data sheet with thousands of data points of the micro irrigation systems products levels 4/5 segmentation.
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Product mapping in excel for the essential micro irrigation systems products of all major market players.
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