Micro Irrigation Systems Market - Growth Analysis, Forecast To 2022 – by Credence Research
According to a new market research report published by
Credence Research “Micro Irrigation Systems Market
(Traditional Sprinklers, Center Pivot, Linear Move and Drip Irrigation) -
Growth, Share, Opportunities, Competitive Analysis and Forecast 2015 - 2022”,
the global micro irrigation systems market stood at US$ 3,462.7 Mn in 2014 and
is estimated to expand with a CAGR of 11.2% from 2015 to 2022.
The complete report is available at
Market Insights
Micro irrigation systems refer to
irrigation techniques that apply water through sprinkling or dripping. These
are by far the most water efficient techniques used for irrigation. The market
for micro irrigation systems is largely driven by the rising need for enhancing
crop productivity and addressing water scarcity issues. Another major factor
fueling the demand for micro irrigation systems is their superior advantages
over conventional irrigation methods. Micro irrigation systems supply water to
the crops with minimal wastage. Additionally, since the water is applied with
better precision, using these systems enhances the yields. In order to curb the
water scarcity issues and increase food production, national governments
worldwide are taking initiatives for increasing the micro irrigation system
penetration. For instance, some of the national governments offer subsidies on
installation of micro irrigation systems. However, the market is largely
hampered due to lack of awareness and relatively high initial costs of these
systems.
The micro irrigation systems market,
as of 2014, is dominated by the sprinkler irrigation systems segment. The
segment comprises traditional sprinklers (impact sprinklers), center pivot and
linear move irrigation systems. Traditional sprinklers are the most popular
types of irrigation systems and the segment is expected to retain its dominant
position throughout the forecast period. Center pivot and linear move
irrigation systems are popular majorly in region having large farms and
developed agriculture sector. Further, due to their high water application
accuracy and efficiency, drip irrigation systems segment is estimated to
witness the highest growth in the coming years.
Competitive Insights:
Some of the major companies operating
in the micro irrigation systems market are Netafim Ltd., Jain Irrigation
Systems Ltd., The Toro Company, Valmont Industries, Inc., Lindsay Corporation
and others. The market is highly consolidated in nature; however companies face
significant competition from the local/regional players. The market players can
categorized into sprinklers and drip irrigation manufacturers; and center pivot
and linear move irrigation manufacturers.
Key Trends:
·
Enhancement of the systems through
chemigation and fertigation
·
Development of mobile sprinkler
irrigation systems
·
Focus on large untapped markets such
as China and India
·
Providing automated irrigation
systems using moisture sensors and remote controllers
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