Industry Outlook and Trend Analysis
The global Micro Irrigation Systems Market was worth USD 2.11 billion in 2014 and is expected to reach approximately USD 9.71 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 18.48% during the forecast period. These systems are low to medium pressure systems that give water to various applications as drip, mist, spray and sprinkle. Micro irrigation systems give water to the plant roots through an intricate pipe system and low discharge emitters. The water discharge design in these systems can be adjusted according to particular plant water prerequisites as some agriculture, and agronomic plants have distinctive necessities. The system parts incorporate channels, low release water-discharging devices, tubes, stream control gear, fitting, and accessories.
Product Outlook and Trend Analysis
Significant product types incorporate drip, sprinklers, central pivot and lateral move. Sprinklers commanded the worldwide market over the current past is anticipated to proceed with this strength over the figure time frame. Nonetheless, drip irrigation systems are foreseen to witness the most elevated development rates throughout the following years took after by sprinklers. Diverse sprinkler parts incorporate pumping unit, tubings, fittings/sprinkler heads, and couplers. Among these, tubing is anticipated to witness the quickest development rate.
Crop outlook and Trend Analysis
Micro irrigation systems can be sectioned by various crop types, for example, field crops, plantation crops, forage & turf grasses, and field crops. Among these few yield composes, plantation crops overwhelmed the worldwide market took after by estate products and field crops. Field crops are foreseen to witness the most elevated development rate took after by forage & grasses and orchard crops. The growth is owing to developing demand of food attributable to rising populace particularly in numerous developing regions.
Regional outlook and Trend Analysis
North America represented the biggest share of the worldwide market trailed by Asia Pacific and Europe. Developing districts, for example, Asia Pacific, Middle East and Africa and Central and South America are anticipated to encounter extreme water shortage soon attributable to developing water interest for local, business and mechanical purposes. These regions are anticipated to witness lively interest for such advances and are anticipated to be significant request focuses. High predominance in the developed areas and plentiful solid request development in the rising districts offer adequate open doors for the business members.
The leading players in the market are Rain Bird, Valmont Industries, Epc Industries Private Limited, Nelson Irrigation Corporation, Rivulis Irigation, T-L Irrigation Company, Lindsay Manufacturing, Jain Irrigation Systems, Toro and Netafim. The business is exceedingly divided with different little, medium and vast industry members. Organizations are investing into R&D activities and fashioning associations with an aim to pick up a more grounded toehold in the market by upgrading their product portfolio.
The Micro Irrigation Systems Market is segmented as follows-
Forage & turf grasses
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?