The market is primarily driven by factors, such as increasing water scarcity in most of the regions of the world and improved crop production with the use of micro irrigation systems.
The micro irrigation systems market has grown exponentially in the last few years and this trend is projected to continue. The market was valued at $1,909.88 million in 2013 and is projected to grow at a CAGR of 17.2%from 2014 to 2019.
The micro irrigation systems market is led by North America followed by the Asia-Pacific region. The U.S. micro irrigation systems market not only dominates North America but also the global market.
Asia-Pacific is projected to be the fastest-growing micro irrigation systems market globally for the period under consideration. The market is projected to grow significantly at a CAGR of 20.6% from 2014 to 2019.
India and China are the major and the fastest-growing micro irrigation systems markets in the Asia-Pacific region for the next five years, due to increasing water demand owing to increasing population.
In this report, the micro irrigation systems market has broadly been segmented on the basis of type, crop type, and region. New product launches was the most preferred growth strategy in the micro irrigation systems market.
The purpose of adopting this strategy is that it results in increasing geographic presence and clientele.
Major players such as Netafim Limited (Israel), The Toro Company (U.S.), Jain Irrigation Systems Ltd. (India), and Rain Bird Corporation (U.S.) collectively accounted for more than half of the global micro irrigation systems market and they are mainly focusing to strengthen their product range.
Other players in the market are EPC Industries Limited (India), Nelson Irrigation Corporation (U.S.), Rivulis Irrigation (Israel), Valmont Industries, Inc. (U.S.), and T-L Irrigation Co. (U.S.), which have major presence in the global micro irrigation systems market.
Table of Contents
1 Introduction 15
1.1 Objectives Of The Study 15
1.2 Market Definition 15
1.3 Market Scope 16
1.3.1 Years Considered For The Study 16
1.4 Currency 17
1.5 Stakeholders 17
1.6 Limitations 17
2 Research Methodology 18
2.1 Research Data 18
2.1.1 Secondary Data 19
18.104.22.168 Key Data From Secondary Sources 19
2.1.2 Primary Data 20
22.214.171.124 Key Data From Primary Sources 20
126.96.36.199 Key Industry Insights 21
188.8.131.52 Breakdown Of Primary Interviews 21
2.2 Factor Analysis 22
2.2.1 Introduction 22
2.2.2 Demand-Side Analysis 22
184.108.40.206 Growing Population And Declining Working Population In Farms 23
220.127.116.11 Water Scarcity Demands Improved Efficiency In Irrigation Systems 24
18.104.22.168 Shrinking Arable Land 25
2.2.3 Supply-Side Analysis 26
For more information:Make an Inquiry about this report HERE!
Category: Market Research Publishers and RetailersCompany about: JSB Market Research is one of the most significant databases of online market researches and intelligence reports and services. We specialize in providing market research reports for various industries. The online portal for marketing research deals with access to global market data and assists in providing expert insights and exposure on global companies, industries, products and trends.