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Demand for Efficient Agriculture to Drive Micro Irrigation Systems Market : TMR

Micro Irrigation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

 

Albany, NY -- (SBWIRE) -- 05/19/2015 -- Micro irrigation is a method of irrigation that minimizes the wastage of water. It achieves a thorough and uniform distribution of water through an extensive network of pipes and valves. The higher efficiency, accurate delivery of the water supply, and consequent minimization of wasted water makes micro irrigation the system of choice in many applications.

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Micro irrigation systems are used in a wide range of end-use applications such as public and household gardens, stadia, agriculture, and greenhouses and nurseries. The growing need for water conservation and more efficient methods of agriculture will help the micro irrigation systems market grow at a robust CAGR of 15.6% from 2014 to 2020. The market stood at US$ 2,852.1 million in 2013.

Segmentation of Micro Irrigation Systems

Several criteria are applied to dissect and analyze the global micro irrigation systems market. According to the method of irrigation, two categories are formed: sprinkler and drip irrigation. Among the former, three further subcategories are formed: traditional sprinklers, center pivot sprinklers, and lateral move sprinklers. Traditional sprinklers were the dominant category in 2013, due to their ease of use. However, drip irrigation systems, which are more efficient and precise in irrigation, are expected to show the faster growth rate till 2020.

Each of the two modes of micro irrigation comes with its own set of components. Drip irrigation systems are divided into tubing, valves, filters, pressure regulators, and backflow preventers. Sprinkler irrigation systems are divided into tubing, couplers, pumping units, sprinkler heads, and a miscellaneous category consisting of items such as span and towers.

According to the type of plants on which the micro irrigation system is used, five categories are formed: orchard plants, plantations, field crops, turf grasses, and a miscellaneous category including ornamental plants, herbs, etc.

Agriculture, sports grounds, and gardens - including public gardens, private gardens, and lawns – are the three major end-use applications for micro irrigation systems. Nurseries, greenhouses, and other small-scale applications are classified as a single group.

Geographically, the micro irrigation systems market can be divided into four major categories, namely North America, which took up more than a third of the micro irrigation systems market by revenue in 2013, Europe, Asia Pacific, and Rest of World.

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Drivers and Restraints of Micro Irrigation Systems Market

The major driver for micro irrigation systems is the need to come up with more efficient ways of agriculture thanks to a growing paucity of usable water. Along with biotechnological advances such as genetically modified crops and developments in the construction of greenhouses,micro irrigation systemsare being promoted by governments all over the world.

The high cost of installation of sophisticated micro irrigation systems remains the major hurdle for the global market. However, the price is expected to reduce with increasing demand. The wider spread of micro irrigation systems will also foster awareness about the same among the masses, countering the other major restraint to the market: lack of expertise.

As micro irrigation systems get more sophisticated, increasing demand for their automation will create excellent market opportunities. Emerging economies where traditional irrigation systems are still the norm, such as India, China, and Brazil, present great scope for expansion.Underground drip irrigation systems, which offer the most efficiency due to the avoidance of water loss due to surface evaporation, are expected to come to the fore in developed geographical segments such as North America and Europe. This technology is still undergoing extensive R&D.

Key Players in Global Micro Irrigation Systems Market

The heavily competitive and consolidated micro irrigation systems market is dominated by Netafim Ltd., Jain Irrigation System Limited, Lindsay Corporation, Hunter Industries Inc., etc. Wider geographical reach remains the target for manufacturers, due to emerging opportunities in the Asia Pacific and Rest of World segments.

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