According to a market report by Lucintel, the future of the micro irrigation system market looks promising with opportunities for small farmers, governments, and large corporate farming sectors. The micro irrigation system market is expected to grow with a CAGR of 15% from 2019 to 2024. The major growth drivers for this market are governments’ encouragement for adoption of micro irrigation systems as water scarcity demands micro irrigation and the need to increase crop yield with minimal water use.
In this market, sprinkler irrigation systems, traditional sprinklers, center pivot sprinklers, lateral move sprinklers, and drip irrigation systems are the major mechanisms. Sprinkler irrigation system is the largest mechanism segment of this market.
Within the micro irrigation system market, open fields and greenhouses are the major end uses.
North America will remain the largest market over the forecast period due to growing acceptance of center pivot sprinklers, lateral move irrigation systems, and farmers’ awareness of cost and productivity benefits.
Netafim, The Toro, Rivulus Plastro, Sistema Azud, Lindsay, T-L Irrigation, Valmont, Reinke, Elgo Irrigation, Eurodrip, Hunter, Rain Bird, and Jain Irrigation Systems are among the major manufacturers of micro irrigation systems.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the micro irrigation system market by mechanism, component, application, end use, and region. Lucintel has prepared a comprehensive research report titled "Micro Irrigation System Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the micro irrigation system market by mechanism, component, application, end use, and region as follows:
By Mechanism [$M shipment analysis for 2013 – 2024]:
• Sprinkler Irrigation Systems
• Drip Irrigation Systems
• Other Irrigation Systems
By Component [$M shipment analysis for 2013 – 2024]:
• 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
By Application [$M shipment analysis for 2013 – 2024]:
• Small Farmers
• Governments
• Large Corporate Farming
• Others (Private/Residential Gardens and Commercial [Sports Grounds and Others])
By End Use [$M shipment analysis for 2013 – 2024]:
• Open Fields
• Greenhouses
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• United States
• Canada
• Mexico
• Europe
• UK
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link ……………[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the micro irrigation system market by mechanism (sprinkler irrigation systems, drip irrigation systems, and other irrigation systems), component (sprinkler irrigation systems [tubing, pumping unit, fittings and sprinkler heads, couplers and others] and drip irrigation systems [drippers, tubing, backflow preventers, valves, filters, pressure regulators, and fittings]), application (small farmers, governments, large corporate farming, and others), end use (open fields and greenhouses), and region (North America, Europe, Asia Pacific, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the micro irrigation system market?
Q.5 What are the business risks and threats to the micro irrigation system market?
Q.6 What are the emerging trends in the micro irrigation system market and the reasons behind them?
Q.7 What are some changing demands of customers in the micro irrigation system market?
Q.8 What are the new developments in the micro irrigation system market? Which companies are leading these developments?
Q.9 Who are the major players in the micro irrigation system market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the micro irrigation system market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in the micro irrigation system market?