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(MoneyNewsWire.Net, September 18, 2017 ) Latin America Greenhouse Irrigation Systems Market which is currently estimated at USD 99.63 million in 2016 and is likely to witness a CAGR of 10.13% in the forecast period reaching USD 161.4 million by 2021. The market is predicted to showcase immense potential in the given forecast period with the rising demand of higher crop yields and rising awareness among farmers related to the benefits of greenhouse irrigation systems.
Greenhouse Irrigation System market refers to various types of irrigation systems used in a greenhouse. Greenhouses are generally used in providing plants with favourable climatic conditions usually demand adequate water in maintaining better growth and high yield. The common techniques used for irrigation of greenhouses include boom irrigation, drip irrigation etc.
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Latest technological developments and increase in greenhouse covered areas have created an opportunity for the market to gain momentum into the agricultural industry. Other major factors driving the Greenhouse Irrigation System market include, focus on water usage efficiency, better quality & yield of crops, and demand for varied crops round the year and rising population resulting in increased demand. The restraints and challenges faced by the market are high maintenance cost, huge investment in set up and lack of technical knowledge.
Latin America market for Greenhouse Irrigation Systems is categorised based on type and application. On the basis of the type of irrigation systems, the market is divided into boom irrigation system, drip irrigation system and micro sprinkler irrigation system. The market was dominated by drip irrigation systems in 2016, and is expected the same by the end of 2021. By application, the market is categorised as flowers & ornaments, vegetables, fruit plants and nursery crops with vegetables leading the overall market share on the basis of application. Based on geography, Latin America market is segmented under various regions namely Brazil, Argentina, Mexico and rest of Latin America.
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The major players dominating the market, by their products and services include Rivulis Irrigation Ltd., Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Valmont Industries Inc., Lindsay Corporation, Rain Bird Corporation, EPC Industries Limited, Nelson Irrigation Corporation, Irritec S.P.A.
Market Segmentation
1) Type
Introduction
Drip Irrigation System
Micro Sprinkler Irrigation System
Boom Irrigation System
Y-o-Y Growth Analysis, By Type
Market Attractiveness Analysis, By Type
Market Share Analysis, By Type
2) Application
Introduction
Vegetables
Flowers & Ornaments
Fruit Plants
Nursery Crops
Other Applications
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
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Reasons to buy Latin America Greenhouse Irrigation Systems Market Research Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
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