Market Overview:

The global market for Greenhouse Irrigation Systems was at US$ 1110 million in 2019 and is projected to grow at a CAGR of 10.58% to reach US$ 1840 million by 2024. The market continues to grow with the demand for higher yield crops and greater awareness among farmers about the benefits of greenhouse irrigation systems. The purchase of these systems can refer to a market that includes a different type of farming techniques. Greenhouses are used to provide facilities with favorable weather conditions. Greenhouse plants require a sufficient amount of water to maintain better growth and high yield. In the greenhouse, the usual irrigation techniques include drip irrigation, sprinkler irrigation, etc. 

 

Market Drivers and Restraints:

 

New technological developments and the growth of greenhouse areas have created an opportunity for the market to make notable progress in the agriculture field. Other key drivers in the greenhouse irrigation system market are the global focus on water use efficiency, the demand for varied crops throughout the year, the best crop quality and the yield and population growth. Limitations and challenges related to the market include high maintenance costs, lack of technical knowledge and a massive investment in new creations, which are predicted to prevent the market from reaching its true potential.

 

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Report segmented as

By Type:

Drip Irrigation System,
Micro Sprinkler Irrigation System
Boom Irrigation System
By Application:

Vegetables,
Flowers & Ornamentals,
Fruit Plants
Nursery Crops
Geographical Analysis:

According to the geographical analysis, the world market is divided into several regions, namely North America, Europe, Asia-Pacific and the rest of the world. The market for greenhouse irrigation systems was dominated by Asia-Pacific, with a market share of more than 37%. The Asia-Pacific market was followed by Europe. It is also projected that Asia-Pacific will grow at a higher rate in the coming years due to the increase in the area dedicated to greenhouses in the region.

Important Market Players:

Some of the key corporations dominating the market, by their products and services include Netafim Ltd., Rivulis Irrigation Ltd., Jain Irrigation Systems Ltd., Valmont Industries Inc., The Toro Company, Lindsay Corporation, EPC Industries Limited, Rain Bird Corporation, Nelson Irrigation Corporation, Irritec S.P.A.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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