Micro irrigation systems market worth $4,909.49 million by 2019

Date:03-30-2015

According to the report “Micro Irrigation Systems Market  - Global Trends & Forecasts to 2019”, the micro irrigation systems market is projected to grow at a CAGR of 17.3% between 2014 and 2019. The market was dominated by North America in 2013, which accounted for around 34% of the total micro irrigation systems market. On the other hand, Asia-Pacific is projected to be the fastest-growing market for the period considered for this study, due to growing demand for water and increasing water scarcity.

In terms of types, the sprinkler irrigation segment is projected to be the largest and the fastest-growing market for micro irrigation systems from 2014 to 2019 as it is one of the most water-efficient systems. On the other hand, the market for micro irrigation systems is projected to be the largest for orchard crops and is also projected to be the fastest-growing segment for the next five years. The market is projected to grow at a CAGR of 18.3% between 2014 and 2019.

Micro irrigation systems are basically low- or medium-pressure irrigation systems, which provide water in the form of a spray, mist, sprinkle, or drip with drippers, micro sprinklers, mini sprinklers, micro jets, misters, fan jets, micro sprayers, foggers, and emitting pipes. A micro irrigation system supplies water directly to the root of plants through a network of economically designed plastic pipes and low discharge emitters at slow and regular intervals. The water discharge patterns may fluctuate as per settings of emission devices for specific crop applications, as many agronomic or horticultural crops have different water requirements. Micro irrigation components consist of pipes, tubes, water-emitting devices, flow control equipment, installation tools, fittings, and accessories.

The micro irrigation systems market continues to grow due to high demand in most of the countries and the intensifying market opportunities. The market players are responding to these new opportunities by expanding their global presence and product lines. Micro irrigation system, on the basis of type, has been segmented into drip irrigation and sprinkler irrigation systems.

The market is dominated by players, such as Netafim Limited (Israel), The Toro Company (U.S.), Jain Irrigation Systems Ltd. (India), and Rain Bird Corporation (U.S.). Other major players in the market are EPC Industries Limited (India), Nelson Irrigation Corporation (U.S.), Rivulis Irrigation (Israel), Valmont Industries, Inc. (U.S.), and T-L Irrigation Co. (U.S.).