Global Greenhouse Irrigation Systems Market Share, Demand And Growth Analysis, Forecast 2017 To 2022
According to a new market research report published by
Credence Research“Greenhouse Irrigation Systems Market (Sprinklers&
Micro Sprinklers, Drip Irrigation and Boom Irrigation) - Growth, Share,
Opportunities, Competitive Analysis and Forecast 2015 - 2022”,the global
greenhouse irrigation systemsmarket stood at US$448.6Mn in 2014 and is
estimated to expandwith a CAGR of 9.0% from 2015 to 2022.
The complete report is available at http://www.credenceresearch.com/report/greenhouse-irrigation-systems-market
Market Insights
Greenhouse irrigation are irrigation
systems used specifically for the greenhouse agriculture application.
Greenhouses are built using glass as well as plastic materials. These
structures enable climate control which makes crop cultivation suitable
irrespective of the seasons. Due to effective climate control, water
requirement in greenhouse farming is lesser in comparison to the open land
farming. Most popular irrigation systems used in the greenhouse farming are
sprinkler and micro sprinkler systems, drip irrigation and boom irrigation.
Greenhouses are smaller in size as compared to the traditional open land
farming.Thus, micro sprinklers and drip irrigation are the most suitable types
of irrigation systems for watering greenhouse plants.
The greenhouse irrigation systems
market is largely spurred by the rising population coupled with food
requirement worldwide. According to the United Nations, the world population is
expected to cross the 8 Bn mark by 2030. This would further result into higher
food production. Consequently, the adoption of greenhouses is expected to
increase significantly in the coming years resulting into higher demand for
greenhouse irrigation systems. Nevertheless, the most significant hindrance for
the market is the high cost of greenhouse structure. Despite their existence
since the thirteenth century, high initial as well as maintenance costs have
limited the strong adoption of these structure. This substantially hampers the
demand for irrigation systems for greenhouse structures.
Competitive Insights:
Major companies operating in the
greenhouse irrigation systems market are Netafim Ltd., Jain Irrigation Systems
Ltd., The Toro Company, Nelson Irrigation Corporation, Lindsay Corporation and
others. The market is consolidated in nature with few global players accounting
for more than forty percent of the total market revenue. Most of the companies
emphasize on developing more water efficient and less labor intensive
irrigation systems in order to gain a competitive edge in the market. These
players face intense competition from the regional players.
Key Trends:
·
Enhancement of the drip irrigation
systems through chemigation and fertigation
·
Development of mobile micro sprinkler
irrigation systems
·
Focus on large untapped markets such
as China and India
·
Providing automated irrigation
systems in order to make them less labor intensive
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