Global Micro Irrigation Systems Market is Expected to Reach USD 4.8 Billion in 2018: Transparency Market Research

Global Micro Irrigation Systems Market is Expected to Reach USD 4.8 Billion in
                      2018: Transparency Market Research

  PR Newswire

  ALBANY, New York, March 11, 2013

ALBANY, New York, March 11, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (
http://www.transparencymarketresearch.com ) "Micro Irrigation Systems Market -
Global Industry Analysis, Size, Share, Trends and Forecast, 2012 - 2018," the
global micro irrigation systems market is expected to reach USD 4.8 billion by
2018 at a CAGR of 18.0% from 2012 to 2018. Sprinkler irrigation system is
expected to remain the largest segment accounting for about 47% revenue share
in 2018 of the overall micro irrigation systems market . Drip irrigation
system, due to its better efficiency, will be the fastest growing segment at a
CAGR of 19.3% from 2012 to 2018. Asia Pacific will remain the fastest growing
regional market due to increased encouragement from governments in India and
China for the use of micro irrigation systems.

Browse the full report at
http://www.transparencymarketresearch.com/micro-irrigation-systems-market.html


The global micro irrigation systems market is segmented into four major
categories - sprinkler irrigation system, drip irrigation system, center-pivot
irrigation system, and lateral move irrigation system. Drip irrigation is the
most efficient segment among all types, as water is directly delivered to the
plant root resulting in optimum water use. Center-pivot irrigation and lateral
move irrigation are types of sprinkler irrigation systems; however, the method
of irrigating the field sets them apart from sprinkler irrigation. The
center-pivot irrigation systems market currently has a small revenue share;
however, with robust growth, the segment is expected to double its revenue
contribution by 2018.

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The major components of sprinkler irrigation system include tubing, pumping
unit, fittings/sprinkler heads, and couplers. The pumping unit is the most
costly component; however, depending on the size of the field, the number of
lateral pipes used may increase the overall cost of the system. The tubing
market is the fastest growing segment among sprinkler irrigation systems. The
major components of drip irrigation system include tubing, backflow
preventers, valves, filters, and pressure regulators.

Increasing problems of water scarcity worldwide, and need for increased crop
yield to meet the demands of continuously growing population are some
important factors supporting the growth of the micro irrigation systems
market. With the significant decrease in ground water levels, water
conservation has become a point of concern for the agriculture industry. There
is a need to look for efficient ways to irrigate fields and micro irrigation
systems are helpful in achieving this purpose.

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Netafim is the leading player in the global micro irrigation systems market
followed by Jain Irrigation and John Deere & Company. EPC Industries, Valmont
Industries, Lindsay Corporation, and Rain Bird among others are some important
players in the micro irrigation systems market.

The report titled "Micro Irrigation Systems Market - Global Industry Size,
Share, Trends, Analysis and Forecast, 2012 - 2018," provides in depth
analysis, market size estimates, market shares, volume and forecast for the
period 2012 - 2018 for the global micro irrigation systems market. It covers
the study of major geographies, namely, North America, Europe, Asia Pacific,
and Rest of the World. The report study includes analysis of the market by
components, crop type, and end user applications.

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