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(MoneyNewsWire.Net, June 22, 2017 ) The Global Micro Irrigation Systems Market was worth $3.84 billion in 2016 and estimated to be growing at a CAGR of 17.80%, to reach $8.71 billion by 2021. With a shortage of land and water, growing importance is being put on the support of advanced technologies that can help enhance crop output.
Micro irrigation systems deliver water to the plant roots through an intricate pipe linkage system and low discharge emitters. The water discharge outline in these systems can be altered as per individual plant water necessities as several horticulture, and agronomic plants have unique requirements. The system consists of components such as pipes, flow control gear, tubes, and low discharge water-emitting machines.
Browse market data tables and in-depth TOC of the Global Micro Irrigation Systems Market to 2021 @ http://www.marketdataforecast.com/market-reports/global-micro-irrigation-systems-market-1341/
The growth of the Global Micro Irrigation Systems market is majorly driven by factors such as water scarcity; rising population coupled with growing food demand, and advanced production practices. However, factors such as high initial investment and high upkeep costs of the micro-irrigation systems are impeding the growth of the market.
The Global Micro Irrigation Systems market is segmented based on Type, End User, and Application. The market for Micro Irrigation Systems, on the basis of Type, is classified into Drip Irrigation System, Sprinkler Irrigation System, Central Pivot Irrigation System, and Lateral move Irrigation System. Drip Irrigation System is further segmented into Backflow Preventers, Filters, Drip Tube, Valves, Pressure Regulators, and Emitters, whereas Sprinkler Irrigation System is further classified into Tubing, Sprinkler Heads, Pumping Unit, Fittings and Accessories, and Couplers. Central Pivot Irrigation System is further segmented into Pipelines, System control towers, Water Emitters, and Central Towers. Sprinkler Irrigation Systems lead the global market for Micro Irrigation Systems, whereas are Drip Irrigation Systems are growing at the highest CAGR during the forecast period. With the advance of micro sprinklers, irrigation on low value field crops has enhanced, especially in countries such as India and China. On the basis of End User, the global Micro Irrigation Systems market is segmented into Farmers, Industrial Users, and Others. On the basis of Application, the global Micro Irrigation Systems market is segmented into Plantation Crops, Orchard Crops & Vineyards, Field Crops, Forage & Turf Grasses, and Others. Orchard Crops & Vineyards lead the global market on the basis of application, followed by Plantation Crops.
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On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America leads the global Micro Irrigation Systems market followed by Asia Pacific and Europe. Developing countries in the Asia Pacific and Latin America regions are expected to experience severe water shortage in the near future due to mounting water demand for household, trade and industrial uses. These regions are expected to observe sharp demand for such technologies and are anticipated to be the key demand centres.
The industry is highly disjointed with several small, medium and large scale players. Companies are funding R&D projects and building collaborations to achieve a stronger position in the market by boosting their product portfolio. The major companies dominating the global Micro Irrigation Systems market are Jain Irrigation Systems Ltd., Lindsay Corporation, Nelson Irrigation Corporation, The Toro Company, EPC Industries Limited, Valmont Industries Inc., and T-L Irrigation.
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