Global Drip Irrigation System Market: Overview
Over the last couple of decades, irrigation facilities have seen a number technological advancements for the better crop yield. Moreover. water crisis is one of the major problem associated with irrigation facility around the world. An introduction of drip irrigation system is a solution to these problems. Drip irrigation uses valve, tubing, pipe and emitters that allow the water to drip slowly to the roots of plants and crops, thus saving the water. Drip irrigation system is majorly preferred by the farmers across the country over surface irrigation, due wastage of water through evaporation. Rising adoption of drip irrigation system around the world is expected to fuel the demand for global drip irrigation system over the forecast period.
Global Drip Irrigation System Market: Drivers and Restraints
The rapid increase in population has led to the growth in demand of the agricultural product, which has boosted the demand for cultivation of agricultural crops with limited resources .The ability of drip irrigation system to provide better yield with limited water supply is expected to drive the demand for global drip irrigation system over the forecast period. Additionally, government, across the globe is taking initiative by providing subsidies in various region to promote the use of drip irrigation system.Moreover, growing agricultural activities in emerging economies such as India, Brazil etc. is further expected to propel the demand for drip irrigation system over the forecast period.
However, high initial investment cost associated with installing global drip irrigation system is expected to act as the restraining factor and is anticipated to hamper the growth of global drip irrigation system market over the forecast period.
Global Drip Irrigation System Market: Segmentation
The global drip Irrigation system market can be segmented as follows:
Global Drip Irrigation System Market, by Components
- Pressure Gauge
- Drip Tube
Global Drip Irrigation System Market, by Crop type
- Cereals & Pulses
- Fruits & Vegetables
- Oilseeds & Pulses
- Turf & Ornamentals
- Others Crops
Global Drip Irrigation System Market, by Application
Global Drip Irrigation System Market: Regional Outlook
Geographically, the global Drip Irrigation System market can be divided into major regions which include North America, Latin America, Western and Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). In terms of demand, Asia Pacific excluding Japan is dominating global drip irrigation system market and is expected to continue its dominance over the forecast period. APEJ, due to increasing demand of global drip irrigation system from various application in emerging economies, such as India, China, and South Korea is expected to maintain its dominance over the forecast period. Among the countries in APEJ region, China is expected to register a strong CAGR during the forecast period. North America is expected to follow Asia Pacific. While Europe is expected to hold the third position in global drip irrigation system market over the forecast period. Rest of the world (ROW) are projected to have moderate growth in global drip irrigation system market in coming years.
Global Drip Irrigation System Market: Key Players
The key players in the global drip irrigation system market are
- Netafim limited
- Jain Irrigation System Limited
- Lidsay Corporation
- The Toro Company
- Eurodrip S.A
- EPC Industries Limited
- Driptech Incorporated
- Microjet Irrigation Systems
- Rain Bird Corporation
- Rivulus Irrigation
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
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