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(MoneyNewsWire.Net, February 28, 2018 ) According to the report Latin America Micro Irrigation Systems Market, published by Market Data Forecast, The Market was worth $0.46 billion in 2016 and estimated to be growing at a CAGR of 17.45%, to reach $1.46 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 Latin America Micro Irrigation Systems Market to 2021 @ https://www.marketdataforecast.com/market-reports/latin-america-micro-irrigation-systems-market-1345/
The growth of the Latin America 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 in this region.
Latin America Micro Irrigation Systems Market: Segmentation
By Type
Drip Irrigation System
o Backflow Preventers
o Filters
o Drip Tube
o Valves
o Pressure Regulators
o Emitters
o Others
Sprinkler Irrigation System
o Tubing
o Sprinkler Heads
o Pumping Unit
o Couplers
o Fittings and Accessories
o Others
Central Pivot Irrigation System
o Pipelines
o System control towers
o Water Emitters
o 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
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Latin America market region includes countries such as Brazil, Argentina, Mexico and remaining countries of South America. There is huge potential for expansion of irrigated areas in this region as it is vital for bolstering local economy and for increasing food security. Poor irrigation administration can have a great effect on crop output and on environment, which can be avoided by proper implementation of Micro Irrigation Systems.
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 Micro Irrigation Systems market in this region 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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