Global Micro Irrigation Systems Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast
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.
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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 2016 to 2021 and attaining a value of US$9.1 bn by the end of 2021.
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 Global Micro Irrigation Systems Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Micro Irrigation Systems industry.
Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Micro Irrigation Systems market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status.
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Secondly, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions (United States, EU, China and Japan), and other regions can be added.
Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. Whats more, the Micro Irrigation Systems industry development trends and marketing channels are analyzed.
Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.
In a word, the report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the 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 2016 and 2021. Traditional sprinklers, lateral move sprinklers, and center pivot sprinklers are some of the most-applied sprinklers across the world.
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.
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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.
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