(MoneyNewsWire.Net, February 12, 2018 ) According to the report Micro Irrigation Systems Market, published by Market Data Forecast, the Global market was worth USD 4.52 billion in 2017 and estimated to be growing at a CAGR of 17.80%, to reach USD 10.26 billion by 2022.
Micro irrigation system is a machinery that delivers water directly 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 every 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.
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Micro Irrigation Systems Market: Drivers & Restraints 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. Be that as it may, factors such as high initial investment and high upkeep costs of the micro-irrigation systems are impeding the growth of the market.
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Micro Irrigation Systems Market: Segmentation By Type Drip Irrigation System Backflow Preventers Filters Drip Tube Valves Pressure Regulators Emitters Others Sprinkler Irrigation System Tubing Sprinkler Heads Pumping Unit Couplers Fittings and Accessories Others Central Pivot Irrigation System Pipelines System control towers Water Emitters Central Towers Lateral move Irrigation System By End User Farmers Industrial Users Others By Application Plantation Crops Orchard Crops & Vineyards Field Crops Forage & Turf Grasses Others By Geography North America Europe Asia-Pacific Latin America Middle East & Africa
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Micro Irrigation Systems Market: Overview 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. Orchard Crops & Vineyards lead the global market on the basis of application, followed by Plantation Crops.
North America accounts for the largest share of 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 centers.
Micro Irrigation Systems Market: Key Players 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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