April 08, 2021
According to the recent research report titled ‘GLOBAL Micro Irrigation Systems Market 2021-2028’, available with Market Study Report, global micro irrigation systems market is projected to register a CAGR of 16.88% during 2021-2028.
The report states that global micro irrigation systems market growth is driven by declining per capita arable land, booming population, emphasis on freshwater conservation, and rising concerns regarding reducing water resources. Moreover, growing interest among farmers to use micro irrigation systems is also adding to the overall market outlook.
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Surging demand from nursery and commercial gardens, along with supportive government initiatives are creating lucrative prospects for the business expansion.
Coming to the restraints, issues like over irrigation and clogging, along with hefty cost of the systems are factors likely to negatively impact worldwide micro irrigation systems industry remuneration.
With respect to product type, the market is categorized into drip irrigation, and sprinklers. Elaborating on type of crops, global micro irrigation systems market is split into plantation crops, field crops, orchard crops, and others (forage & grasses).
Based on the regional terrain, Asia Pacific micro irrigation systems industry is slated to grow substantially over the coming years, owing to widespread cultivation of plantation crops leading to growing usage of micro irrigation systems like central pivots to effectively supply water across the field.
Besides, export of orchard crops like nuts and fruits at large-scale is bolstering the use of micro irrigation technologies to meet the worldwide demand. Inclination towards small-scale agricultural facilities in rural areas is anticipated to boost demand for systems like sprinklers and drip irrigation.
Leading players impacting global micro irrigation systems market trends are Hunter Industries Inc., Valmont Industries Inc., Toro Company, Teco s.r.l., Jain Irrigation Systems Ltd. (JISL), Rain Bird Corporation, Netafim Ltd., Mahindra EPC Irrigation Ltd., Lindsay Corporation, Harvel Agua India Pvt Ltd., Elgo Irrigation Ltd., Dayu Irrigation Group Co. Ltd., and Antelco Pty Ltd.
Amongst them, Hunter Industries Inc., headquartered in the United States, is an irrigation equipment manufacturer for golf courses and the landscape industry. Spray sprinklers, weather sensors, switches, pop-up gear-driven rotors, and controllers are among the company's offerings. It provide equipment to many industries including healthcare, customer manufacturing, landscape lighting, and irrigation across 125 economies.