MarketStudyReport.com adds a new Microirrigation System Market research report that provides a detailed market overview as well as industry analysis for / of companies, manufacturers and distributors covering data on gross margin, cost structure, consumption value, sale price and more.
Rising concern for depleting water resources will drive Micro Irrigation System Market. As per United Nations report, water availability is projected to decrease in various regions with global agriculture water consumption estimated to increase by over 19% by 2050.
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Micro Irrigation System Market is estimated to exceed USD 12 billion by 2024; according to a new research report.
Growing environmental awareness and increase in income levels, along with shift in customer’s focus for eco-friendly products in developing economies is anticipated to drive micro irrigation system demand. Unpredictable precipitation in rainfall dependent nations has further supported the industry growth as this is forcing farmers to install the product for reducing seeds and crops wastage.
Enhanced support from governments for the wastewater treatment particularly in India and China has incentivized the industry. For instance, Indian government launched Pradhan Mantri Krishi Sinchayee Yojna in July 2015, for enhancing the effective water usage & management, creating & strengthening water distribution network.
Increasing demand for agricultural products is excepted to propel micro irrigation system market. As per analysis, food industry is likely to reach at USD 3 trillion by 2020, growing at the rate of over 4% from 2015 to 2020.
However, the high cost associated with maintenance and installation of these system may restrain the industry growth during forecast time frame. In addition, lack of proficiency in managing these systems may prove to be a significant hindrance to the micro irrigation system market growth.
Sprinkler will be valued over USD 7.5 billion in 2024. Elimination of water conveyance channels, evenly distribution of water, and enhanced crop yields are the factors supporting the product demand. Further, suitability of product for various topographies, high irrigation efficiency and ease in operation are expected to propel this segment’s growth. However, a lot of water is wasted due to spray droplets evaporation as they fly through air which may hamper the industry demand.
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Orchard crops & vineyards will grow over 12% up to 2024. Lower labor requirement and efficient control over nutrients and water has boosted the product?s demand in this segment. Effective application of water to tree lines of orchard compared to other irrigation methods including, flood & furrow and conventional sprinkler has further fueled the industry growth.
Farmers end-use segment will witness gains over 10% up to 2024. Participation of the government regulatory body due to environmental concerns coupled with reduction in water and fertilizers usage is projected to drive this segment?s growth. Increase in the number of subsidies provided by government to the farmers will support product scope.
Asia Pacific, led by China, India and Japan was worth around USD 1.6 billion in 2016. Increase in adoption of the product for conserving water and reduction in labor cost in the agriculture-eccentric economies of the region is anticipated to augment the industry growth over forecast period.
North America micro irrigation system market is likely to reach USD 3.5 billion by 2024. Growing awareness among the farmers about benefits of using the product has resulted in increased industry demand. Countries including the U.S., Mexico and Canada are prominent users of the product for achieving better quality and higher yield crops for export markets which has driven the regional growth.
Latin America micro irrigation system market will surpass 5 million hectares of land covered in 2016. Changing lifestyle, improved technological innovation and increasing disposable income will favor this segment’s growth. Reduction in arable land due to industrialization, soil erosion and deforestation along with water scarcity are key drivers of the industry.
Global micro irrigation system market is fragmented due to presence of few industry players. Some of the key players are EPC Industries, Jain Irrigation, Rain Bird Corporation, Netafim, Valmont Industries, Lindsay, Toro Company, Bhumi Polymers.
Related Reports: –
Global Microirrigation Systems Market Research Report 2017
In this report, the global Microirrigation Systems market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022…
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Microirrigation Market Size Share Worldwide Industry Growth, Size, Statistics, Opportunities Forecasts up to 2024
Market Size Forecasters Add New Global Microirrigation Market by Manufacturers, Countries, Type and Application, Forecast to 2024 to its research database. The report presents a deep study of the market growth factors and drivers. The report spread across 300 pages with table and figures in it.
This Market Size Forecasters report examines the Microirrigation Market for the period 2017- 2024. The primary objective of the report is to analyse the underlying factors that are driving growth of the futuristic outlook market: Microirrigation Market, which is significantly transforming buying habits of consumers across various markets.
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According To Market Size Forecasters Micro Irrigation System Market is estimated to exceed USD 12 billion by 2024
Scope of the Report:
This report focuses on the Microirrigation in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
EPC Industries, Jain Irrigation, Rain Bird Corporation, Netafim, Valmont Industries, Lindsay, Toro Company, Bhumi Polymers.
Market Segment by Regions, regional analysis covers:
North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Microirrigation system Market, By Product
Microirrigation system Market, By Application
- Orchard Crops & Vineyards
- Plantation Crops
- Field Crops
Microirrigation system Market, By End-Use
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Table of Content
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Cloud NLP Industry Insights
Chapter 4. Competitive Landscape
Chapter 5. Cloud NLP Market, By Product
Chapter 6. Cloud NLP Market, By Deployment Model
TABLE 1. Microirrigation system industry 360 degree synopsis, 2013 – 2024
TABLE 2. Global microirrigation system market estimates & forecast, 2013 – 2024, (Million Hectares) (USD Million)
TABLE 3. Global microirrigation system market estimates & forecast by product, 2013 – 2024 (Million Hectares)
TABLE 4. Global microirrigation system market estimates & forecast by product, 2013 – 2024 (USD Million)
TABLE 5. Global microirrigation system market estimates & forecast by application, 2013 – 2024 (Million Hectares)
TABLE 6. Global microirrigation system market estimates & forecast by application, 2013 – 2024 (USD Million)
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Global Payment Gateways Market by Manufacturers, Countries, Type and Application, Forecast to 2022
This report focuses on the Payment Gateways in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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