The global drip irrigation systems market was valued at $1.83 billion in 2014, and is projected to reach $3.21 billion by 2019, at a CAGR of 11.9% from 2014 to 2019.

Browse through the TOC of Drip Irrigation Systems Market for an analysis of industry trends, segments & forecasts.

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Drip irrigation is practiced mainly to increase the efficiency of water use in agriculture, and it is gaining higher importance as the exploitation of groundwater has been increasingly alarming in varied countries. Drip irrigation systems deliver water and fertilizer nutrients directly to plant root systems, thereby offering a more efficient alternative to flood and sprinkler irrigation systems. The global market for drip irrigation systems has grown exponentially in the last few years. Factors such as increasing population and resultant food demand, as well as water scarcity are major driving factors driving the growth of the global drip irrigation market. Moreover, micro irrigation systems help in increasing crop production as well as its quality. The significant improvements in technology and agricultural techniques have allowed farmers to expand crop production on the limited arable land available.

In 2014, Asia-Pacific led the drip irrigation systems market in terms of value, which is simultaneously followed by Europe and North American regions. Asia-Pacific has registered the highest CAGR of 14.3% from 2014 to 2019 among all other regions. The growth of drip irrigation systems market is supported by recent technological advancements in the field of drip irrigation. Extensive and systematic research has enhanced the manufacturing and use of drip systems. Scarcity of water sources and increased knowledge among end users, along with governmental efforts contributed to the widespread adoption of drip irrigation systems.

Agricultural irrigation is considered as the most promising application in the global drip irrigation systems market. Among crop types, the orchard crops segment dominates the global drip irrigation market. Drip tubes and emitters accounts for more than 50% of the total components market, which are used in drip irrigation systems. Leading market players operating in the field of drip irrigation systems include Netafim Limited (Israel), Jain Irrigation Systems Limited (India), Lindsay Corporation (U.S.), The Toro Company (U.S.), and Eurodrip S.A (Greece) among others.

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To serve the growing market and maximize profit, these firms adopted strategies including collaborations, new product development, mergers & acquisitions, agreements, and partnerships. For instance, Lindsay Corporation has acquired the machine-to-machine technology provider, Elecsys Corporation (U.S.). This acquisition has proved to be a worthy addition to Lindsay Corporation's long-term strategy of strengthening its market position as a provider of advanced technologies for management of water use efficiency.

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