Micro irrigation systems market detailed analysis and forecast by 2023
1. Micro Irrigation Systems Market Detailed Analysis and
Forecast by 2023
Report Description
Rising water scarcity and need to enhance crop productivity
has led to the demand for efficient irrigation methods such
as micro irrigation. Micro irrigation systems are expected to
2. witness high demand during the forecast period owing to the
wide advantages of these systems over conventional irrigation
systems. Micro irrigation systems offer high efficiency and
accurate application of water to plants. In addition, micro
irrigation systems help in significantly reducing the water
wastage as water is directly supplied to the plant root rather
than the whole field. This is one of the most important
factors responsible for growing adoption of micro irrigation
systems in different applications across the world.
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3. Micro irrigation systems deliver accurate application of water
to plants which helps increasing the production yield in
agriculture. Thus, micro irrigation systems play an important
role in agricultural practices. Moreover, government
encouragement for the use of micro irrigation systems across
different countries is expected to boost the adoption of these
systems throughout the globe. This is another promising
factor driving the growth of micro irrigation systems market
during the forecast period. Growing agriculture industry in
Asia Pacific region is expected to substantially drive the
market in near term. Countries such as China, India and
others are expected to show strong growth in micro irrigation
systems market during the forecast period.
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In 2013, traditional sprinkler irrigation systems accounted for
the largest share in terms of revenue in the global micro
irrigation systems market. This was majorly attributed to the
low initial costs and fairly high water efficiency of these
systems compared to flood irrigation. Traditional sprinkler
irrigation systems provide large coverage area and easy
portability. Moreover, sprinkler irrigation systems are the
most convenient irrigation system for applications such as
sports grounds, large gardens and commercial lawns. Owing
to these reasons, traditional sprinkler irrigation systems are
expected to remain dominant throughout the forecast period.
However, due to high water efficiency as compared to
5. traditional sprinkler irrigation systems, drip irrigation systems
are expected to be the fastest growing type during the
forecast period.
Agriculture was the largest contributing application in terms
of revenue in 2013. Agriculture application requires more
than 50% of water usage in total irrigation application. With
growing concerns towards high food productivity and frugal
usage of water, agriculture is expected to remain dominating
application of micro irrigation systems throughout the
forecast period. Furthermore, due to low penetration of micro
irrigation systems for agriculture in emerging economies,
agriculture segment is expected to show the fastest adoption
rate during the forecast period.
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irrigation-systems-market
In 2013, North America accounted for the largest share of
around 36.5% in terms of revenue in the micro irrigation
systems market. Countries such as the U.S. and Canada have
high penetration of advanced mechanized irrigation systems
such as center pivot and lateral move. Moreover, high
consciousness related to efficient use of water resources is
another significant factor driving the growth of micro
irrigation systems in North America. Owing to these factors,
North America is expected to remain dominant market for
micro irrigation systems. However, Asia Pacific is expected to
7. show highest growth for micro irrigation systems in near
term. Agriculture is one of the largest industries in different
countries such as China, India and Australia in the region.
Due to factors such as high water scarcity and government
encouragement, micro irrigation systems are expected to be
widely adopted in this region throughout the forecast period.
The global micro irrigation systems market shows high degree
of competition amongst existing players. The market is highly
consolidated in nature with existing companies competing
among themselves and new entrants pursuing to enter the
market. In order to sustain competition, majority of the
market players are focusing on strengthening their
distribution networks across the world. Minor companies in
8. the market emphasize on creating a wide geographic presence
in order to sustain competition.
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