Tuesday, May 9, 2017

Conceptual Growth Of "Micro Irrigation System" Global Insights & Trends to 2022

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.


1 comment:

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