Global Micro Irrigation Systems Market to Gain Traction; APEJ to Dominate During 2017-2027: Future Market Insights

  Global Micro Irrigation Systems Market to Gain Traction; APEJ to Dominate
                   During 2017-2027: Future Market Insights

  PR Newswire

  VALLEY COTTAGE, New York, July 13, 2017

VALLEY COTTAGE, New York, July 13, 2017 /PRNewswire/ --

The global water situations continue to be stressed with higher number of
regions falling into water scarcity. Considering the brimming demand for water
across all purposeful applications, governments are unable to locate and
utilize renewable fresh water resources without running them dry. Since
replenishing these natural bodies is out of the option, industries as well as
individuals are compelled to optimize their water usage. In spite of causing
distress in every water-associated business in the world, the stressed water
situation in the world has contrastingly boosted one market in particular -
the global market for micro irrigation systems .

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From rural agriculturists to agro-industry giants, the adoption of micro
irrigation systems is gaining traction owing to their ability to improve
irrigational efficiency by 50-90%. According to Future Market Insights recent
report, rising scarcity of water has fuelled the demand for micro irrigation
systems. In 2017, the global micro irrigation systems market will reach an
estimated value of US$ 4,682.3 Mn. The report projects that by the end of
2027, the market will have soared at a sizeable CAGR of 13.3%, registering an
estimated value of more than US$ 16,200 Mn.

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In terms of region, the adoption of micro irrigation systems will be highest
in Asia-Pacific excluding Japan (APEJ) region. This region has recorded
the highest number of areas hit with water scarcity, and it is also recorded
fastest water consumption in agriculture & manufacturing-driven economies such
as India and China. The APEJ micro irrigation systems market is anticipated to
account for more than 30% of global revenues by 2027. Demand for micro
irrigation systems will also register lucrative growth in Latin America, as
the region is expected to showcase revenue growth at 13.9% CAGR.

Micro Sprinkler Irrigation Systems in Great Demand  

Key excerpts from the report estimate that in 2017, more than 3.5 million
hectares of land in the world was irrigated with sprinkler irrigation systems.
During the assessment period, the report exhibits that global revenue growth
accounted by sprinkler irrigation systems will be registering a 12.8% CAGR.
This segment will, however, witness sluggish growth, compared to that of mini
sprinkler systems. Demand for micro or mini sprinkler systems will gain
traction, but at a gradual pace as this segment accounts to merely 3% of the
market value. Towards the latter half of the forecast period, the global
demand for drip irrigations systems is projected to gain traction, recording
US$ 5,304.1 Mn in value by 2027-end.

Preview Analysis on Global Micro Irrigation Systems Market Segmentation System
Type - Drip Irrigation, Micro/Mini Sprinkler Irrigation, Conventional
Sprinkler Irrigation, Traditional Sprinklers, Central Pivot Sprinklers,
Lateral Move Sprinklers; End Use Type - Small Farmers, Large Private &
Corporate Farming, Government, Others (Residential Gardens, Green Houses,
Plant Nurseries) :

Large private and corporate farms are expected to be largest end-user of micro
irrigation systems through 2027. Over 60% of global market value will be
accounted by this end-use segment by the end of 2027. Small farmers will also
be observed as lucrative end-users for micro irrigation systems. The report
also profiles leading players in the global micro irrigation system market,
which include Chinadrip Irrigation Equipment (Xiamen) Co., Ltd., Kisan
Irrigation Ltd., Finolex Plasson Industries Pvt. Ltd., Ripple Aquaplast,
Irritrol, Eurodrip SA, Netafim Ltd., Jain Irrigation Systems Ltd., The Toro
Company, Rain Bird Corporation, Hunter Industries, Valmont Industries, Rivulis
Irrigation Ltd., Lindsay Corporation, Reinke Manufacturing Company, Inc., EPC
Industries Ltd., T-L Irrigation, Elgo Irrigation, Sistema Azud SA, and Nelson
Irrigation Corporation.

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