The microirrigation systems market was valued at USD 2.53 Billion in 2015; this market is projected to grow at a CAGR of 18.3% from 2016 to 2021, to reach 6.81 Billion by 2021.
Northbrook, IL -- (SBWIRE) -- 03/28/2018 -- The report "Microirrigation Systems Market by Type (Drip and Microsprinkler), Application (Orchard Crops & Vineyards, Field Crops, and Plantation Crops), End-User (Farmers and Industrial Users), and by Region - Global Forecast to 2021", The microirrigation systems market is projected to reach a value of USD 6.81 Billion by 2021, at a CAGR of 18.3% from 2016 to 2021. The market is driven by factors such as increasing cultivation of orchard crops, acute water scarcity, and growing use of irrigation equipment for high yield requirement.
Browse 84 market data Tables and 52 Figures spread through 153 Pages and in-depth TOC on "Microirrigation Systems Market - Global Forecast to 2021"
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The microsprinkler segment is projected to be the fastest-growing market during the period 2016–2021
The microsprinkler segment is the fastest growing type of microirrigation system types due to their increasing protected farming practices. With the development of microsprinklers, irrigation on low value field crops has increased. Therefore, in agrarian economies such as India and China, there is a growing market for microsprinklers.
Orchard crops & vineyards is the major application segment in the microirrigation systems market
Orchard crops & vineyards accounted for the largest share in the application of microirrigation systems in 2015. Under this category, vegetable and fruit production contribute a large share of microirrigation systems usage. Plantation crops accounted for the second largest share in 2015, primarily due to growing demand from industries that require higher yields from plantations.
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North America and Asia-Pacific regions dominated the microirrigation systems market in 2015
The North American region was the largest market for microirrigation systems in 2015. Countries such as U.S., Canada, and Mexico are prominent users of microirrigation systems to achieve higher yields and better quality crops for the export markets. The countries in the Asia-Pacific region such as China, India, Israel, and Australia produce fruits & vegetables along with an increase in demand from government to grow forage and turf grasses. With growing awareness among farmers regarding the benefits of using microirrigation systems, application on field crops in this region is also rising. Asia-Pacific countries are at the growth stage in this market.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as 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.), and T-L Irrigation (U.S.).
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