Global Microirrigation Systems Market is projected to grow at a significant CAGR from 2017 to 2025
The ever increasing population has led to demand for enough crops to suffice the same, however, the resources remained limited. The ability of irrigation systems provide better yield with limited water supply is what drives its demand. There are four kinds of microirrigation systems; drip irrigation which is segmented into valves, backflow preventers, pressure regulators, filters, emitters, and drip tube; central pivot irrigation which is segmented into water emitters, pipelines, central towers, and system control towers; microsprinkler irrigation which can be further segmented into tubing, couplers, sprinkler heads, fittings & accessories among others. The microsprinkler segment is the fastest growing segment by product due to its utility in developing countries on low value field crops. The system provides water at frequent intervals at both above and beyond surface level. Due to rise in water scarcity, microirrigation poses as a lasting and efficient solution. The drip irrigation system accounts for majority of the market share as it is widely used because of its ease of application, reduction in nutrient loss of plants, reduced growth of weed plants, reduction in soil erosion, among others. Government policies also have an impact in the growth of the market, as they provide various subsidies on irrigation system for farmers and other local users. The initial investment required for establishing microirrigation systems is quite high, which poses as a hindrance to the growth of the market.
The report is designed to provide a complete view on the global Microirrigation Systems market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Microirrigation Systems market has been studied considering a short term forecast of the factors/ variables which have an impact on Microirrigation Systems market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Study Technique: Global Microirrigation Systems Market
The global Microirrigation Systems market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Microirrigation Systems market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Microirrigation Systems, and customer analytics.
Global Microirrigation Systems Market Segmentation
Based on application, the market is segmented into orchard crops & vineyards, field crops, and plantation crops. Orchard crops and vineyards accounts for the largest share in the application of the irrigation systems, vegetables and fruits fall under this category. Based on end-use, there are two players, farmers and industrial users. Industrial users account for majority of the market share where as the number of users who are farmers is steadily growing, especially in developing countries.
End-User Landscape (Consumer Profile): Microirrigation Systems Market
Companies such as Lindsay Corporation, EPC Industries Limited, Valmont Industries, Incorporated, and The Toro Company, among others are investing extensively in the manufacturing and sale of Microirrigation Systems, which presents a huge opportunity to Microirrigation Systems suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Lindsay Corporation, EPC Industries Limited, Valmont Industries, Incorporated, The Toro Company, Jain Irrigation Systems Limited, and Nelson Irrigation, among others account for the major share in Microirrigation Systems market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Hunter Industries, Incorporated, T-L Irrigation, Netafim Limited, and Rain Bird Corporation.
Please note: This is not an exhaustive list of companies profiled in the report.
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