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Published Date: 2016-03-16Number of Pages: 101

Micro Irrigation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

The increasing water scarcity has amplified the need to adopt micro irrigation systems in farming practices, worldwide. Various governments across the world are encouraging the usage of these systems for irrigation by offering lucrative deals such as subsidy on the installation costs. Farmers are also preferring these systems over traditional ones as they ensure accurate distribution of water to plants, boosting the overall crop yield.

On the other hand, the high cost associated with the installation and maintenance of these systems may hamper the increase in their adoption rate in the near future. The lack of expertise in managing these systems can also prove to be a substantial hindrance to the growth of this market.

As estimated by Transparency Market Research (TMR), the opportunity for micro irrigation systems across the world reached US$2.5 bn. The growth in the global market looks undying in the near future with opportunity rising at a CAGR of 15.10% from 2015 to 2023 and attaining a value of US$9.1 bn by the end of 2023.

Sprinklers Irrigation Systems Segment to Register 14.50% CAGR from 2015 to 2023

Drip irrigation systems and sprinklers are two major types of micro irrigation systems available in the global market. In 2014, sprinklers reported the highest demand among the two, accounting for a share of 83% in the overall market.

The increasing need to maintain turf grass, fields, sports grounds, and stadiums is likely to boost the demand for sprinklers in the near future. As a result, this segment is expected to retain its lead, reporting a CAGR of 14.50% between 2015 and 2023. Traditional sprinklers, lateral move sprinklers, and center pivot sprinklers are some of the most-applied sprinklers across the world.

Asia Pacific to Surpass Europe on Account of Rapid Adoption of Micro Irrigation Systems

Europe, Latin America, North America, Asia Pacific, and the Middle East and Africa are the key regional markets for micro irrigation systems. In 2014, Europe acquired the leading position in the overall market with a share of 32%. The development of infrastructures, such as the establishment of sports grounds, stadiums, and public parks in various European countries, including the U.K., Spain, Germany, and France, has increased the need for well-organized water distribution, boosting the demand for micro irrigation systems in this region over the past few years.

Asia Pacific, however, is likely to emerge the new market leader on account of various government initiatives, promoting rapid adoption of micro irrigation systems among farmers and agriculturists. Additionally, South Korea, Japan, India, China, and Australia are likely to report significant contributions in the increasing demand for these irrigation systems over the next few years in this region.

Some of the leading manufacturers of micro irrigation systems across the world are Reinke Manufacturing Co. Inc., The Toro Co., Netafim Ltd., Rain Bird Corp., Rivulis Plastro Ltd., T-L Irrigation Co., Hunter Industries Inc., Eurodrip SA, Elgo Irrigation Ltd., Jain Irrigation Systems Ltd., Lindsay Corp., Valmont Industries Inc., and Sistema Azud SA.

This report aims to provide a comprehensive strategic analysis of the global micro irrigation systems market along with revenue and growth forecasts for the period from 2013 to 2023. Increasing demand from the regions such as Asia Pacific and MEA and government initiatives for the adoption of micro irrigation system is driving the demand for micro irrigation systems. The great advantages of these systems over conventional irrigation systems is also a contributing factor to the market’s growth. In addition, micro irrigation systems help significantly reduce water wastage as water is directly supplied to the plant root rather than the whole field. This is one of the most important drivers for the growing adoption of micro irrigation systems in different applications around the world. 

This research study on the global micro irrigation systems market provides a detailed analysis of how small farmers, governments, large private and corporate farming, and others use these systems to practice efficient water irrigation. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2015 to 2023. It includes a comprehensive coverage of the underlying economic, environmental, and technological factors influencing the micro irrigation systems market. It provides the competitive landscape of key players in the micro irrigation systems market in order to highlight the state of competition therein. The report also provides a detailed competitive analysis of the key players in the micro irrigation systems market and identifies the various business strategies adopted by them. The study explains the penetration of each market segment within various geographies, and how these segments have accelerated the growth of the market as a whole. 

On the basis of product type, the micro irrigation systems market is segmented into sprinkler and drip irrigation systems. The sprinkler irrigation system segment is further divided into the traditional sprinkler, center pivot sprinkler, and lateral move sprinkler sub-segments. On the basis of components, the sprinkler segment is subdivided into tubing, pumping unit, fittings and sprinkler heads, couplers, and others (span, towers, etc.) sub-segments. Likewise, the drip irrigation system is divided into drippers, tubing, backflow preventers, valves, filters, pressure regulators, and fittings. On the basis of application, the market is divided into small farmers, government, large private and corporate farming, and others (residential gardens and private commercial lands). The report aims to provide a comprehensive, cross-sectional analysis of the micro irrigation systems market across the regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. 

The report includes an overview of the market strategies, annual revenues, and the recent developments of key companies operating in the market. The key market participants profiled in this study include Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Rain Bird Corporation, Hunter Industries, Inc., Eurodrip SA, Elgo Irrigation Ltd., Reinke Manufacturing Company, Inc., Valmont Industries, Inc., T-L Irrigation Company, Lindsay Corporation, Sistema Azud SA, and Rivulis Plastro Ltd. 

Market Segmentation: 

Micro Irrigation Systems Market Analysis, by Product Type

  • Sprinkler Irrigation Systems
    • Traditional Sprinklers
    • Center Pivot Sprinklers
    • Lateral Move Sprinklers
  • Drip Irrigation Systems 

Micro Irrigation Systems Market Analysis, by Components

  • Sprinkler Irrigation Systems
    • Tubing
    • Pumping Unit
    • Fittings & Sprinkler Heads
    • Couplers
    • Others (Span, Towers etc.)
  • Drip Irrigation Systems
    • Drippers
    • Tubing
    • Backflow Preventers
    • Valves
    • Filters
    • Pressure Regulators
    • Fittings 

Micro Irrigation Systems Market Analysis, by Application

  • Small Farmers
  • Government
  • Large Corporate Farming
  • Others (Private/Residential Gardens, Commercial (Sports Grounds etc.) 

In addition, the report provides cross-sectional analysis of the micro irrigation systems market with respect to the following geographical segments:

  • North America
    • The U.S.
    • Rest of North America
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australasia
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • Israel
    • Iran
    • Turkey
    • Egypt
    • Nigeria
    • Ivory Coast (Côte d’Ivoir)
    • GCC Countries
    • North Africa
    • South Africa (Country)
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Colombia
    • Rest of Latin America 


 
 
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