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In urban areas, the demand for micro irrigation systems is growing,
as they offer a convenient solution for automated irrigation to those
with busy lifestyles. Drip irrigation systems can be changed overtime
to cover a larger expanse with the given availability of water. The
usage of drip irrigation has completely revolutionized food
production in arid regions.
One of the finest examples of this is the green belt in Israel, which
was made possible by Netafim’s cutting-edge micro irrigation
system. The company pioneered an irrigation system that challenged
the drought situations, watering restrictions, and tough weather
conditions. The intelligent watering systems maker recently teamed up
with The Gardener Guy, the host of HGTV’s Gardening by the Yard, to
help spread the knowledge of using these systems at domestic levels.
According to a research published by Transparency Market Research,
the global micro irrigation systems market is expected to reach a
valuation of US$8,130.0 million by 2020, from US$2,852.1 million in
2013, growing at a promising CAGR of 16.2% in the given period. The
expert research analysts state that increasing support from the
government, social and economic advantages, paucity of water, and
rising adoption of water management and saving methods are likely to
drive the micro irrigation systems market to newer heights in the
coming few years. The biggest restraint on the global micro
irrigation systems market in this timeframe will be the high cost of
maintaining micro irrigation systems and lack of expertise regarding
the same.
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The global micro irrigation systems market is segmented on the basis
of type, component type, crop type, applications, and geography. The
type segmentation includes sprinkler irrigation and drip irrigation
systems. The former includes the sub-segments of traditional
sprinklers, center pivot sprinklers, and lateral move sprinklers.
Statistics show that traditional sprinklers were leading the global
micro irrigation systems market in 2013, with the highest revenue
share in the market. The primary factors driving this segment are its
low initial cost, easy portability, coverage over a large area, and
maximum water efficiency.
Geographically, the global micro irrigation systems market is
segmented into Asia Pacific, North America, Europe, and Rest of the
World. In 2013, North America led the global micro irrigation systems
market, with a share of 36.5%. The increasing adoption of center
pivot sprinklers and later move irrigation systems in this region is
expected to boost the growth of this regional market in the coming
years as well.
The global micro irrigation systems market will witness stupendous
growth due to its increasing application in household lawns, large
gardens, agriculture, public parks, greenhouses, farmlands, sports
grounds, and nurseries. Out of all these, the benefits it offers to
the agriculture segment will make it the strongest application
segment in the next five years. The need for improved food
productivity and judicious use of water will shape this market’s
future.
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Our exclusive blend of quantitative forecasting and trends analysis
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research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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