The micro irrigation systems market, in terms of value, is projected to reach around $4,909.49 million by 2019, at a CAGR of around 17.2% from 2014 to 2019. Micro irrigation systems are gaining popularity due to increasing water scarcity, high crop productivity, and less labor cost involved. The sprinkler irrigation system led the market because of its features, which include water saving, increase in yield, and less problem of clogging of sprinkler nozzles due to sediment laden water. The growing demand for water and its continuous decreasing water level has boosted the market for micro irrigation systems in the Asia-Pacific region.
The micro irrigation systems market is highly fragmented with the key market players driving the growth with agreements, expansions, acquisitions, and new product launches to mark their presence in the micro irrigation systems market. The market is competitive with leading players being involved in the research & development of new micro irrigation systems.
The micro irrigation systems industry has many players, (small, medium, and large); however, the industry is dominated by a few. The Toro Company (U.S.), Jain Irrigation Systems Ltd. (India), and Rain Bird Corporation (U.S.) collectively account for around 54% of the total micro irrigation systems market share by developments. New product launches and development were found to be the most preferred growth strategy in the micro irrigation systems market. The purpose of adopting this strategy is that it results in increasing geographic presence and product portfolio. EPC Industries Limited (India), Netafim Limited (Israel), Nelson Irrigation Corporation (U.S.), Rivulis Irrigation (Israel), Valmont Industries, Inc. (U.S.), and T-L Irrigation Co. (U.S.) also have a strong presence in the market.
Scope of the report
This research report categorizes the micro irrigation systems market based on type, crop type, and region.
Based on type, the market has been segmented as follows:
- Sprinkler irrigation
- Drip irrigation
Based on crop type, the market has been segmented as follows:
- Field crops
- Plantation crops
- Orchard crops
- Forage & turf grasses
Based on region, the market has been segmented as follows:
- North America
- RoW (Latin America, the Middle East, and Africa)