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Microirrigation Systems Market by Type, Application, End-User, and by Region - Global Forecast to 2021

Microirrigation Systems Market: Global Forecast until 2021

  • August 2016
  • 155 pages
  • ID: 4046914
In this report:
Drip irrigation dominated with a total area of ##.## thousand hectares in 2015 and is expected to grow at a CAGR of ##.##% during the forecast period.
The region's extensive use of high-end agricultural inputs to maximize production and increase export trade of produce drives this region's market to grow at a competitive CAGR of ##.##% from 2016 to 2021.

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"Microirrigation systems market is estimated to rise at a compound annual growth rate of 18.30 percent"

The microirrigation systems market, estimated at ~$2.5B in 2015, is expected to grow at a compound annual growth rate (CAGR) of 18.30 percent, to attain ~$6.8B by 2021. The industry is primarily influenced by Elements such as growing water scarcity in most of the regions of the world and enhanced crop production with the use of micro irrigation systems. The huge growth potential in the Asia-Pac region and untapped areas offer recent growth opportunities for market actors.

"Drip microirrigation systems led the sector with the biggest share in 2015"

On the basis of class, the microirrigation systems market is led by the drip microirrigation segment, succeeded by microsprinkler. Drip microirrigation system has been widely used, globally. It reduces nutrient loss, minimizes leaching, reduces increase of weed, checks soil erosion and reduces cost of energy since it operates in lower pressure than other irrigation systems.

"APAC: The future of the microirrigation systems market"

Asia-Pac is forecasted to be the quickest developing market for the period considered for this analysis, due to increasing demand for water and rising water scarcity. India (IN) and China (CN) will be the main and the quickest-increasing microirrigation systems market in the Asia Pacific (APAC) area for the upcoming five years, due to high stress on water sources, owing to growing population.

The microirrigation systems market is led by North America (NA) succeeded by Asia Pacific (APAC). The U.S. microirrigation systems market not only dominates North America continent but also the overall market.

Break-up of Primaries:

- By Company category: Tier 1 - 35 %, Tier 45.0 percent, and Tier 3 - 20.0 percent

- By Description: C-suite - 35.0 percent, D-level - 25.0 percent, and Others - 40.0 percent

- By area: North america (NA) - 30.0 percent, Europe - 20.0 percent, Asia-Pacific - 45.0 percent, and rest of the world - 5.0 percent

Why acquiring this study can help you:

- To get a comprehensive overview of the overall microirrigation systems market

- To benefit wide ranging information about the top actors in this market, their products review and top strategies approved by them

- To benefit business insights about the main countries/localities in which the microirrigation systems market is prospering

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