Micro Irrigation Systems Market by Type (Sprinkler Irrigation, Drip Irrigation), Crop Type (Plantation Crops, Field Crops, Orchard Crops), Application (Small Farming, Large and Corporate Farming, Government) - Global Opportunity Analysis and Industry Forecasts, 2014 - 2022

Micro Irrigation Systems Market is expected to garner $8,321 million by 2022, registering a CAGR of 16.6% during the forecast period 2016 - 2022. 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. The two major factors that drive the micro-irrigation systems market are an increase in the demand for food and agriculture products and a rise in water supply & storage problem.

The high initial investment and high maintenance cost of the micro-irrigation system act as the hindrance to the growth of the market. A micro-irrigation system is not a feasible option for the farmer with less area of cultivation. However, an increase in the investment from the companies is expected to reduce the impact of these restraints. Various companies develop cost-effective equipment for this market. The micro-irrigation market faces challenges from the high cost of equipment and narrow level of commercialization in the developing economies.

The report incorporates 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.

Water is depleting to a greater extent and needs to be utilized optimally. Among the agricultural, industrial, and personal use sectors, the agricultural sector is the predominant consumer of water, globally. Micro-irrigation helps to avoid wastage of water, by using water in the form of spray, mist, drip, and other forms. Thus, micro-irrigation systems enhance productivity and reduce virtual water requirement in the agricultural sector. Hence, the impact of scarcity of water is remarkable at present; however, it is expected to increase during the forecast period owing to the depleting resources, environmental conditions, and increasing population.

Key benefits

• The study comprises of an analytical depiction of the world micro irrigation systems market with the trends of current and future scenarios to depict the investment pockets in the market.
• The report determines the overall attractiveness and understands the profitable trends to gain a stronger coverage in the market.
• The report throws light on information regarding key drivers, restraints, and opportunities with impact analysis.
• The current market here is quantitatively analyzed and forecast for the years 2014-2022, which is provided to highlight the financial status of the market.
• Porters five forces model analysis of the industry illustrates the potency of the buyers and suppliers participating in the market.
• The value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.

Micro Irrigation Systems Market Key segments:

The market for world micro irrigation systems is segmented as:

By Type

• Sprinkler Irrigation
• Drip Irrigation

By Crop Type

• Plantation Crops
• Field Crops
• Orchard Crops
• Others

By Application

• Small Farming
• Large and Corporate Farming
• Government
• Others

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • U.K.
  • Russia
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • India
  • China
  • Japan
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa