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(MoneyNewsWire.Net, April 05, 2018 ) Industrial Vegetation Management is defined as the process of selectively promoting growth of low growing vegetation in order to inhibit the growth of taller vegetations such weed tress and other forms of weed. Utility companies have to spend heavily on vegetation Management in order to evict these unwanted plants. For instance, Electrical based utilities have to manage vegetation around power lines as vegetation is one of the most frequent reasons behind malfunctioning of distribution as well as transmission devices. As a result, electrical utilities have to continuously invest in vegetation management.
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Over the past decade, IVM market has witnessed a negative growth rate and as a result, the overall market share of IVM has declined. This can be mainly accredited to the availability of cheaper generic products in the market. The decline is not due to a loss of consumers but due to an overall decline in the sales of IVM products, even when these generic products have forced the big manufacturers of IVM products to lower their prices to meet the heavy competition. Moreover, utility vegetation management has come under heavy scrutiny due to the events of 2003 Northeast Blackout, the 2006 European blackout, and the 2009 Black Saturday bushfires. As a result, governments have put in new stricter policies to increase expectations from companies offering IVM services. Be that as it may, there still remains a huge market potential as innovative product are being introduced in the market. IVM manufacturing giants such as Dow Agroscinces are investing heavily in product innovation and enhanced service delivery.
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The Middle East and Africa Industrial Vegetation Management market is segmented on the basis of Application and Products. On the basis of Application, the market is segmented into Forestry, Rangeland and Pastureland, Railroads, Roadways, Electric Utilities and Pipelines, and Aquatic Areas. In 2017, Range and Pasture accounted for the major share of the application market segment followed by forestry and roadways. The growth of Forestry market is dependent on the housing demand. Due to a recent slump in the demand for houses, the forestry market has declined significantly. On the basis of Products, the market is segmented into Insecticides, Herbicides, Plant Growth Regulators, Others. As of 2017, herbicides segment dominated the market in terms of sales as they are extensively used in agricultural fields to fend of competitive crops like weed.On the basis of geography, the Industrial Vegetation Management market is segmented into Middle East and Africa.
Middle East and Africa Industrial Vegetation Management Market is dominated by companies like Dow AgroSciences, Monsanto, DuPont, BASF, Nufarm, Makhteshim Agan, Boultbee Vegetation Management, Helena and Dbi services.
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