To know the impact of COVID-19 On Micro Irrigation System Market Size By Type (Drip Irrigation, Micro sprinklers), By Component (Filters, Controllers, Valves, Sensors), By Application (Industries, Farmers) Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027 Market
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
Brandessence Market Research has published a new report title and According to Study “Micro Irrigation System Market is valued at USD 3.54 Billion in 2017 and expected to reach USD 19.01 Billion by 2027 with a CAGR of 18.3% over the forecast period”.
Micro Irrigation System Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Improved Irrigation facility with high crop yield are key driving factors for the growth of Micro Irrigation System Market.
Scope of Micro Irrigation System Market Report:
Micro Irrigation also known to be low-volume or low-flow irrigation or trickle irrigation is an efficient technique requires low flow and volume of water than traditional irrigation systems. Total cultivated land has around 20% of irrigated land and 40% food is produced worldwide, according to World Bank Organization. The advanced irrigation system is beneficial in areas with slow absorption rate of soils like clay which reduces the runoff and increase the moisture holding capacity in dry land soils. The water is delivered usually is form of distinct or continuous droplets and also in form of streams. The micro irrigation systems are widely applicable in areas with vineyards, orchards, row crops, nurseries and others. This technique has been successfully adopted globally due to fast method, high yields and low labor work.
During the COVID-19 pandemic, Irrigation Industry has faced their own challenges and continued their functioning. The Irrigation system’s service delivery impacted heavily due to interrupted supply chain and lack of availability of labor. Across the world, irrigation industries are facing financial crises due to high maintenance cost, additional costs with lower revenues, which is also dependent on season-based irrigation activities followed by some countries.
Global Micro Irrigation System Market Segmentation:
Global Micro Irrigation System Market report is segmented on the basis of Type, Components, Application, and Region & country level. Based upon Type, Global Micro Irrigation System market is classified as Drip Irrigation and Micro-Sprinklers. The market is classified on the basis of components as Filters, Controllers, Valves and Sensors. On the basis of Application, market is divided as Industries and Farmers.
- Drip Irrigation
- Micro sprinklers
The regions covered in this Global Micro Irrigation System Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Micro Irrigation System is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia, Africa, etc.
Key Players for Global Micro Irrigation System Market Report
Some major key players for Global Micro Irrigation System Market are Netafim, Rain Bird, Toro Company, Valmont Industry, Galcon, Nelson, Jain Irrigation and others.
News: UK-based Contec Global arrangement with Maithri Aquatech worth $200 million
February 4, 2021; The alliance between Maithri Aquatech and Contec Global aims to combine air-to-water sustainable solutions in Africa and West Asia. The $200 million deal is to deliver AWG solutions for Micro-irrigation and drinking in water stressed areas. The partnership focuses on sustainable improvement opportunities for both companies.
Water Ways order CAD$233,000 Order for Medical Cannabis
January 28, 2021; Water Ways announced the CAD$233,000 order from Israel Licensed producer for medical cannabis IOT irrigation and fertilization system. By the end of April 2021, company expects to install the system and recognize the revenue for initial six months for the 7000 square meters medical cannabis cultivation facility.
Improved Irrigation facility with high crop yield are key driving factors for the growth of Micro Irrigation System Market
The major factors driving the growth of Global Micro Irrigation System Market are improved irrigation facility with high crop yield in water scare areas. The micro irrigation system supplies water to plant’s root area, reducing the water wastage is an important factor for high efficiency and uniform water distribution. Moreover, increasing population has led to increasing demand for food as well as technological advancements are also expected to augment the market growth. The micro irrigation facility is useful in hilly or irregular shaped lands, is also expected to fuel the growth of Micro Irrigation System Market. However, the irrigation equipment’s are expensive to install and maintain, which is an important issue and may hamper the market growth. Exploring new areas like selling output online, proper storage capacities and improved water productivity can open vast opportunities in Micro Irrigation System.
Asia-Pacific is dominating the Global Micro Irrigation System Market
Asia-Pacific is expected to dominate the Global Micro Irrigation System Market within the forecast period attributed to the presence of largest irrigated land in this region. China tops the list of largest irrigated land followed by India. Jain Irrigation is the second largest micro-irrigation company present in India. Middle East region is also expected to grow due to the presence of world’s largest micro irrigation company in Israel i.e. Netafim. Other African and South American countries are a potential place in future for Micro Irrigation Systems.
Key Benefits for Global Micro Irrigation System Market Report:
- Global Micro Irrigation System Market report covers in-depth historical and forecast analysis.
- Global Micro Irrigation System Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
- Global Micro Irrigation System Market report helps to identify opportunities in marketplace.
- Global Micro Irrigation System Market report covers extensive analysis of emerging trends and competitive landscape.
Micro Irrigation System Market By Regional & Country Level:
- Southeast Asia
Middle East and Africa
- Rest of Middle East and Africa
Frequently Asked Questions (FAQ) :
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Micro Irrigation System Market Regional Report, Growth Potential, Competitive Market Share & Forecast to 2027 and Analysis 2019-2025
Micro Irrigation System Market Size By Type (Drip Irrigation, Micro sprinklers), By Component (Filters, Controllers, Valves, Sensors), By Application (Industries, Farmers) Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
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