Global Micro Irrigation Systems Market Outlook 2019-2027: Projected to Record a CAGR of 17.26% Over the Forecast Period - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 27, 2019--
The “Global Micro Irrigation Systems Market 2019-2027” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the global market for micro irrigation systems is set to display a positive market trend, with 17.26% of CAGR over the forecast period of 2019-2027.
The market for micro irrigation systems is being driven by the rising water scarcity problems, increasing population & the declining per capita arable land, favorable governmental policies across the world and the rise in demand from nurseries & commercial gardens. The heightened demand for micro irrigation systems from the emerging nations provides a growth opportunity for the market.
Moreover, focusing on minimal freshwater wastage would be a key opportunity for growth. As compared to other irrigations methods, micro irrigation systems supply water precisely and uniformly. These systems help deliver water right at the base of the plant through a flexible irrigation tubing system, drip emitters and micro-sprays. Using micro irrigation techniques thus causes minimal losses as these techniques are the most efficient in delivering freshwater to plant roots.
Issues of over-irrigation & clogging and the high cost of micro irrigation systems, however, act as prohibiting factors for market growth. Micro irrigation systems usually come with a prohibitive price tag. This is a serious cause of concern for developing nations, where agriculture is a significant industry. The lack of access to credit in these countries, however, renders micro irrigation systems unaffordable, which reduces the growth potential of the market. Farmers show a lack of interest in adopting new technology. Besides, it is difficult to maintain micro irrigation systems. These challenges hamper the growth of the micro irrigation systems market.
The global micro irrigation systems market encompasses the regions of North America, Latin America’ the Asia-Pacific, Europe and the Middle East and Africa.
North America had the market for micro irrigation systems globally, during the review period. One of the factors promoting the use of micro irrigation systems in the North American region is the massive land available for irrigation. In 2015, the United States had nearly 65 million acres of irrigated farmlands, and thus the country contributed significantly to the overall crop production in the region. Moreover, this made the US succeed the countries of India and China, in terms of having the largest area under irrigation. 2.5 million acres of land, out of the total 65 million acres of land that is irrigated, is under drip irrigation.
The major competitors in the micro irrigation systems market are T-L Irrigation, Antelco Pty Ltd., Jain Irrigation Systems Limited (JISL), Rivulis Irrigation, EPC Industri Ltd. (Mahindra Group Company), Nelson Irrigation Corporation, Netafim, Irrigation & Water Technologies (IWT), Rain Bird Corporation, Elgo Irrigation Ltd., Chinadrip Irrigation Equipment Co., Ltd., The Toro Company, Hunter Industries, Inc., Driptech (part of Jain Irrigation), Irritrol Systems (brand of The Toro Company), Deere & Company, Lindsay Corporation and Valmont Industries.
Rain Bird Corporation provides irrigation products and services. The company offers solutions for various applications, which includes farms & agricultural lands; its product portfolio is comprised of 4000 irrigational products and services, which includes irrigation valves, irrigation filters and products for drip irrigation. Rain Bird Corporation believes increasing its product portfolio would help the company in gaining a competitive edge over its rivals. The company has around 450 patents across the world. Founded in 1993, Rain Bird Corporation has a presence in more than 130 countries globally.
Key Topics Covered
1. Global Micro Irrigation Systems Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Features Of Micro Irrigation Are Increasing Its Preference Among The Farmers
2.2.2. Automated Micro Irrigation Systems - Key Trend
2.2.3. Micro Irrigation System - New Alternative For Wastewater Utilization
2.3. Porter’s Five Forces Analysis
2.3.1. Bargaining Power Of Buyers
2.3.2. Bargaining Power Of Suppliers
2.3.3. Threat Of Substitute
2.3.4. Threat Of New Entrants
2.3.5. Threat Of Competitive Rivalry
2.4. Key Impact Analysis
2.4.2. Brand Value
2.4.4. User-Friendly And Durable Products
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Industry Components
2.7.3. Distributors And Retailers
2.8. Industry Player Positioning
2.9. Market Drivers
2.9.1. Rising Problem Of Water Scarcity Is Increasing The Scope Of Micro Irrigation
2.9.2. Declining Per Capita Arable Land & Rising Populace
2.9.3. Favorable Policies By Governments Across The World
2.9.4. Demand From Nursery And Commercial Gardens
2.10. Market Restraints
2.10.1. Prohibitive Cost Of Micro Irrigation Systems
2.10.2. Over Irrigation & Clogging Issues
2.11. Market Opportunities
2.11.1. Augmented Demand From Emerging Economies
2.11.2. Focusing On Minimal Wastage Of Freshwater - Major Opportunity
2.12. Market Challenges
2.12.1. Difficulties In Maintenance Of Micro Irrigation Systems
2.12.2. Lack Of Interest In Adopting New Technology By Farmers
3. Global Micro Irrigation Systems Market Outlook - By Type
4. Global Micro Irrigation Systems Market Outlook - By Crop Type
4.1. Orchard Crops
4.2. Field Crops
4.3. Plantation Crops
4.4. Forage & Grasses
5. Global Micro Irrigation Systems Market - Regional Outlook
5.1. North America
5.4. Latin America
5.5. Middle East And Africa
6. Competitive Landscape
6.1. Antelco Pty Ltd.
6.2. Chinadrip Irrigation Equipment Co., Ltd.
6.3. Elgo Irrigation Ltd.
6.4. Driptech (Part Of Jain Irrigation)
6.5. Epc Industri Ltd. (Mahindra Group Company)
6.6. Hunter Industries, Inc.
6.7. Irrigation & Water Technologies (Iwt)
6.8. Irritrol Systems (Brand Of The Toro Company)
6.9. Jain Irrigation Systems Limited (Jisl)
6.10. Lindsay Corporation
6.11. Nelson Irrigation Corporation
6.13. Rain Bird Corporation
6.14. Rivulis Irrigation
6.15. T-L Irrigation
6.16. The Toro Company
6.17. Valmont Industries
6.18. Deere & Company
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources Of Data
7.3. Research Methodology
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INDUSTRY KEYWORD: UTILITIES ENERGY
SOURCE: Research and Markets
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PUB: 11/27/2019 07:53 AM/DISC: 11/27/2019 07:53 AM