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Drip irrigation Market size is over USD 4.3 Billion in 2023 with 10.5% CAGR estimation from 2016 to 2023

Press Release   •   May 14, 2018 02:14 EDT

Market Size & Forecast

Global drip irrigation market is anticipated to reach USD 4.3 billion by the end of 2023 witnessing a promising compound annual growth rate of 10.5% over the forecast period i.e.2016-2023 owing to the government initiatives to promote the drip irrigation systems.

Geographically, Asia Pacific accounted for the highest market share of 52% by the end of 2015; the market is anticipated to be the most attractive market in terms of market growth, witnessing a compound annual growth rate of 13% over the forecast period.

Europe market for drip irrigation system is expected to expand at a compound annual growth rate of 8.8% over the forecast period i.e. 2016-2023 owing to reduced arable land due to growth of industrialization in the region, government of European countries are taking initiatives to promote drip irrigation system in farms to boost the crop yield. Further, agricultural irrigation segment is anticipated to hold the largest market share followed by greenhouse irrigation over the forecast period owing to the increasing water scarcity, high production requirement and increasing adoption of irrigation tools in agricultural sector.

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The water discharge pattern in these systems can be modified as per specific plant water requirements. Drip irrigation saves the water as the system irrigates the plant with controlled amount of water and enables the user to utilize saline water resources. Drip irrigation can be effectively used in barren lands, rolling topography, undulating terrain, barren lands, and areas with shallow soil layers.

Demand Analysis By Market Segmentation

By Component

Deep dive industry analysis has been carried out on the following component segments:-

Emitters

Pressure Gauge

Drip Tube

Valves

Filters

Others

By Application

By application, the global drip irrigation system market is analyzed on the following application:-

Agricultural Irrigation

Landscape Irrigation

Greenhouse Irrigation

Others

By Crop Types

Field Crops

Vegetable corps

Orchard Crops

Vineyards

Rest Crops

By Region

Global Drip Irrigation Market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis

Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis

Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis

Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East and Africa)

Growth Drivers and Challenges

Rise in the global population has led to strong demand for agricultural products, this has further created the demand of large scale production in agricultural sector by the use of limited water resources, and this will further propel the demand of drip irrigation system across the globe.

Growing environmental concerns along with the global water shortage is anticipated to be the major factor behind the strong demand of effective irrigation system over the forecast period i.e. 2016-2023.

Drip irrigation system has resulted in to increased crop yield and better quality product by reducing soil erosion and low weed growth, farmers across the globe are adopting the drip irrigation system to improve the yield of crops with minimum use of water, and these factors are anticipated to shape the drip irrigation market over the forecast period.

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High initial cost of system installation along with the sophisticated level of management is expected to hinder the market growth particularly in developing countries.

Key Players

The Toro Company (U.S.)

Jain Irrigation Systems Ltd. (India)

Rain Bird Corporation (U.S.)

Hunter Industries (U.S.)

Lindsay Corporation (U.S.)

EPC Industries Limited (India)

Netafim Limited (Israel)

Nelson Irrigation Corporation (U.S.)

Valmont Industries, Inc. (U.S.)

T-L Irrigation (U.S.)

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

By Component Market Size & Y-O-Y Growth Analysis

By Application Market Size & Y-O-Y Growth Analysis

By Crop Type Market Size & Y-O-Y Growth Analysis

By Regions

Global Drip Irrigation market has been studied on countries and regions like:

North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis

Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis

Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis

Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis

Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis

Rest of World Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

Read More Information: https://www.researchnester.com/reports/drip-irrigation-market-global-demand-growth-analysis-opportunity-outlook-2023/209

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