Micro irrigation system is an irrigation method where water is sprinkled or drip slowly to the roots of the plants. This method is widely used to save water and provide proper nutrients and sufficient water to plants through network of valves, pipes, tubes.
Rising concern for water scarcity is a major factor to drive growth of the global micro irrigation system market. In addition, rising preference for greenhouse vegetable among consumers and rising awareness about efficient management of water and nutrient supply among farmers in the developing region are other factors expected to drive growth of the global micro irrigation system market.
However, high initial investment cost is a major factor restraining growth of the global micro irrigation system market. In addition, need of continuous maintenance, which add cost into overall expense is another factor expected to challenge growth of the global micro irrigation system market.
Technological advancement such as automation in micro irrigation system is expected to present new opportunities to market players operating in the global micro irrigation system market over the forecast period.
The global micro irrigation system market is segmented on the basis of type, crop, application, and region. On the basis of region, global micro irrigation system market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America is a dominant player in the global micro irrigation system market and accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to high awareness and preference for micro irrigation system among farmers. Europe market accounts for the second largest revenue share contribution to the global micro irrigation system market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to rise in food demand, awareness about water and nutrient management among farmers and favorable government policies for installation of irrigation system, in emerging economies in this region.
Prominent market players operating in the global micro irrigation system market are EPC Industries Limited, Jain Irrigation Systems Limited, Netafim Ltd., Rain Bird Corporation, The Toro Company, Valmont Industries, Inc., Hunter Industries Incorporated, Lindsay Corporation, Nelson Irrigation Corporation, Reinke Manufacturing Co., Inc., and T-L Irrigation Company.