Growing Demand for Drip Irrigation Market at 6.9% of CAGR Through 2026 | Know the Impact Analysis of Corona-virus/COVID19
The ripple effect of Coronavirus-COVID19 on the Drip Irrigation Market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Drip Irrigation Market. Key data sets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.
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Drip Irrigation, also known as closed-circuit television (CCTV) surveillance, is a system of one or more video cameras that capture video and audio information and transfer the signal to a specific place over a monitor, through the structured centralized network. These cameras can be used in almost any environment and across various applications, such as commercial, residential, military & defence, industrial, etc.
AllTheResearch offers a most recent distributed report on Global Drip Irrigation industry examination and figure 2019-2025 conveying key bits of knowledge and giving an upper hand to customers through a point by point report. The report contains XX pages which profoundly displays on current market investigation situation, up and coming just as future chances, income development, evaluating and gainfulness.
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Following Top Key players are profiled in this Market Study:
Jain Irrigation Systems Ltd., Lindsay Corporation, The Toro Company, Netafim Limited, Rain Bird Corporation, Chinadrip Irrigation Equipment Co. Ltd., Elgo Irrigation Ltd., Shanghai Huawei Water Saving Irrigation Corp., Antelco Pty Ltd., EPC Industries, Microjet Irrigation and T-L Irrigation among others.
Based on Crop Type, the field crops segment is expected to grow at a CAGR of around 6.9% throughout the forecast period.
Based on application, the market has been segmented into fruits, vegetable and flowers. The field crop type accounts of the largest share in the market and are expected to grow at a CAGR of around 6.9% during the forecast period. Drip irrigation has gained significance among field growers for its accurate plant execution and therefore provides benefits, such as reduced costs, higher profit margins and reduced water and fertilizer requirements.
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North America (US and Canada), Europe (UK, Germany, France and Rest of Europe), Asia Pacific (China, Japan, India and Rest of Asia Pacific), Latin America (Brazil, Mexico and Rest of Latin America), Middle East & Africa (GCC and Rest of Middle East & Africa)
The Asia Pacific accounted for nearly 48.5% share of the global drip irrigation market in 2018 and is expected to dominate the market throughout the forecast period. Rapid mechanization of agriculture in the countries and increased government initiatives to reduce wastage of water during irrigation are factors driving the demand for drip irrigation. Additionally, with farm's incomes increase and rate of mechanization in the agricultural processing will progress propels the market demand for drip irrigation. Besides, many NGOs in this region are raising awareness of the benefits of drip irrigation, which will help the global micro irrigation market to evolve significantly during the forecast period.
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