The Drip Irrigation Systems market is expected to reach USD 3.82 Billion by 2021 owing to government subsidies in various countries
Hyderabad, India -- (SBWIRE) -- 01/22/2018 -- The report "Drip Irrigation Systems Market by Crop Type (Fruits and Vegetables, Field crops, Orchard Crops, Turf and ornamental, Vineyard and others), Application (Agriculture, Landscape, Greenhouse and Others), Components (Pressure Gauges, Filters, Valves, Emitters, Drip Tubes, and Others) - Forecast to 2021", The Drip Irrigation Systems market is expected to reach USD 3.82 Billion by 2021 from an estimated USD 2.31 Billion in 2016, at a CAGR of 10.70%. The key factors such as rising demand for the agricultural products due to increasing population, decreasing water wastage, increasing technological advancement in irrigation facilities, government subsidies, are driving the growth of the global market.
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By crop type, the field crops segment accounted for the largest share of the market in 2016
On the basis of crop type, the Drip Irrigation Systems market has been segmented into Fruits and Vegetables, Field crops, Orchard Crops, Turf and ornamental, Vineyard and others. The field crops segment accounts for the largest market share owing to the larger application of irrigation systems in such fields, particularly in the developed markets and economies of the world. The field crops segment accounts for the largest market share by crop type.
By components, the pressure gauges segment accounted for the largest share of the market in 2016
On the basis of components, the Drip Irrigation Systems market has been segmented into Pressure Gauges, Filters, Valves, Emitters, Drip Tubes, and Others. The pressure gauges segment accounts for the major market share due to its importance in the functioning of drip irrigation.
Asia Pacific dominated the market in 2016
Asia Pacific accounted for the largest share of the Drip Irrigation Systems market in 2016, followed by North America and Europe. The large share of the Drip Irrigation Systems market in Asia Pacific can be attributed to the growth in technology, growing disposable incomes, and the fact that the Asia Pacific is the fastest growing developing farm economy of the world. North America holds the second major market for Drip Irrigation Systems. Asia pacific is estimated to represent strong potential market growth in the Drip Irrigation Systems market due to fast technological advancements and adaptation by farmers.
The various players in the Drip Irrigation Systems market include Netafim Limited, Jain Irrigation System Limited, Lindsay Corporation, The Toro Company, Eurodrip S.A, EPC Industries Limited, Rain Bird Corporation, Rivulus Irrigation, and Driptech Incorporated.
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