Conceptual Growth Of "Micro Irrigation System" Global Insights & Trends to 2022
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The global market
is expected to garner $8,321 million by 2022, registering a CAGR of 16.6%
during the forecast period 2016 - 2022.
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Irrigation involves
provision of water to dry land for crop cultivation. The micro-irrigation
process supplies water at frequent intervals above and below the soils surface.
Micro-irrigation systems are generally low- or medium-pressure systems that
deliver water in the form of sprinkles, spray, mist, drip, and jet. Due to rise
in concerns of water scarcity, micro irrigation systems prove to be an
innovative and efficient solution as compared to the conventional irrigation
practices.
Sprinkler irrigation
constitute the highest market share due to easily automated & mechanized
systems and ability to irrigate widespread areas. Nonetheless, drip irrigation
system is estimated to portray the fastest growth owing to issues regarding
droplet ballistics in sprinkler irrigation systems that results into higher
water consumption.
The orchard crops
sub-segment portrays the highest revenue contribution during the forecast
period. However, plantation crops sub-segment is projected to depict the
fastest growth owing to the growth in tea and cotton plantations.
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Small farming segment is projected to
dominate the market during the forecast period. Moreover, it is also expected
to depict the fastest growth in the market due to the recent developments and
launch of easily understandable systems in the rural sector.
Construction & Manufacturing AMR.
Asia-Pacific accounted for majority of the global market share in 2015, and is
expected to maintain its dominance during the forecast period. This is due to
massive irrigated areas and adoption of micro irrigation systems across hilly
terrains.
The study of
micro-irrigation systems, and focuses on the various growth prospects and
restraints in the market. The study highlights Porters five forces analysis for
the market that comprises of the impact of suppliers, competitors, new
entrants, substitutes, and buyers on the market. The study also depicts the
value chain analysis for the world micro-irrigation systems market.
The key players that
operate in the market are:
Valmont Industries,
Inc., Hunter Industries, The Toro Company, Jain Irrigation Systems Ltd., Nelson
Irrigation, Netafim Ltd., Lindsay Corporation, T-L Irrigation Co., Rain Bird
Corporation, and Rivulis Irrigation.