Portland, OR -- (SBWIRE) -- 02/27/2018 -- Micro Irrigation Systems Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $8,321 million by 2022, registering a CAGR of 16.6% during the forecast period 2016 - 2022. Factors such as scarcity of water, need for crop yield enhancement, and encouragement by the government majorly drive the global market. Asia-Pacific is expected be the largest market for micro irrigation systems during the forecast period.

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The world micro irrigation systems market is expected to witness a remarkable growth due to the technological advancements and increase in awareness during the forecast period. The demand for easy system functionalities has further propelled this growth particularly in the rural sector. Moreover, adoption in emerging economies and growth in greenhouse vegetable production are the expected growth perspectives for the market. The market growth is restricted by factors such as high initial investments and lack of expertise for maintenance.

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Europe is projected to be one of the fastest growing micro irrigation systems markets during the forecast period owing to the establishments of small farming units and crop diversification.

Micro Irrigation Systems Market Key segments:

The market for world micro irrigation systems is segmented as:

By Type

- Sprinkler Irrigation
- Drip Irrigation

By Crop Type

- Plantation Crops
- Field Crops
- Orchard Crops
- Others

By Application

- Small Farming
- Large and Corporate Farming
- Government
- Others

By Geography

- North America
- Europe
- Asia-Pacific
- LAMEA