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(MoneyNewsWire.Net, July 19, 2017 ) Market Data Forecast recently published a report on the “North America Drip irrigation system” which estimates the market to grow from USD 760 million in 2016 to USD 1230.9 million with a high CAGR of 10.2%.
Drip irrigation system Market is a method of irrigation saves plenty of water and fertilizer by allowing the water to drip slowly till it reaches either on the surface of the soil or root zone of several plants. This is done through a connection of pipes, valves tubing and emitters.
To give an idea in depth, irrigation through a narrow tube that transports water directly to the base of the plant is drip irrigation system. This is used in greenhouse farming and residential gardeners. This is very essential in the areas of water scarcity and especially for crops and trees like coconut, grapes, banana, eggplant and cotton. In this system of irrigation, fertilizer and loss of nutrients is minimum, feed levelling is not necessary and recycled non-potable water can be utilized safely. . Internationally, most of the industrialized nations are spending a huge part of their GDP on developing irrigation facilities.
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The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Few factors analysed in the section are are increasing demand for food products, unfavourable climatic conditions effects the crops directly, rising awareness regarding drip system of irrigation, rise in the growth of greenhouse crops, requires less labour and high cost of installation and maintenance.
The products are segmented based on crop type, application and components and studied for a deep-level understanding of the Drip Irrigation System market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
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Based on Crop Type:
• Fruits and Vegetables
• Field crops
• Orchard Crops
• Turf and ornamental
• Vineyard
• Others
Based on Application:
• Agriculture
• Landscape
• Greenhouse
• Others
Based on Components:
• Pressure Gauges
• Filters
• Valves
• Emitters
• Drip Tubes
• Others
North American Market is studied in geographic perspective by segregating the market shares between USA and Canada. The study identifies USA as the predominant market in the North American region and it holds well in the Global Market too.
As per the report, companies Netafim Limited, Jain Irrigation System Limited, Lindsay Corporation, The Toro Company, Eurodrip S.A, EPC Industries Limited, Rain Bird Corporation are contributing a fair share to the North American Drip Irrigation System Market. However, due to advancements in the technology and improvements being made in agricultural facilities there is an intense competition among the players in the market.
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Scope of the North America Drip Irrigation System Market:
• Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region
• To detect major focus areas of industrial growth Segment-level analysis on basis of crop type, application, components, along with market size forecasts and y-o-y estimations are provided
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
• An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
• Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Agricultural Segment:
North America Agricultural Testing Market: http://www.marketdataforecast.com/market-reports/north-america-agricultural-testing-market-2138/
North America Fertigation and Chemigation Market: http://www.marketdataforecast.com/market-reports/north-america-fertigation-and-chemigation-market-2283/
North America Greenhouse Irrigation Systems Market: http://www.marketdataforecast.com/market-reports/north-america-greenhouse-irrigation-systems-market-1812/
North America Center Pivot Irrigation Systems market: http://www.marketdataforecast.com/market-reports/north-america-center-pivot-irrigation-systems-market-1762/
About Market Data Forecast:
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well.
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