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Technavio's Micro Irrigation Systems Market Research Report Highlights the Key Findings in the Area of Vendor Landscape, Key Market Segments, Regions, and Latest Trends and Drivers

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

Feb 10, 2022, 10:30 ET

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NEW YORK, Feb. 10, 2022 /PRNewswire/ -- The Micro Irrigation Systems market share is estimated to increase by USD 5.00 billion from 2020 to 2025, and the market's growth is anticipated to accelerate at a CAGR of 9.06%. Factors such as growing focus on efficient use of natural resources are significantly driving the micro irrigation systems market in this region.

Technavio has announced its latest market research report titled Micro Irrigation Systems Market by Product, Application, and Geography - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled Micro Irrigation Systems Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

Our research report on "Micro Irrigation Systems Market by Product, Application, and Geography - Forecast and Analysis 2021-2025" has extensively covered factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market share during the forecast period.

Micro Irrigation Systems market report key highlights

  • Estimated year-on-year growth rate: 6.44%
  • Key market segments: Product (sprinkler irrigation systems and drip irrigation systems), application (orchard crops, field crops, plantation crops, and forage and grasses), and geography (North America, APAC, Europe, South America, and MEA).
  • Key Consumer Region & contribution: Europe at 29%

Micro Irrigation Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9.06%

Market growth 2021-2025

$ 5.00 billion

Market structure

Fragmented

YoY growth (%)

6.44

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

Europe at 29%

Key consumer countries

US, China, Germany, Canada, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Antelco Pty Ltd., Chinadrip Irrigation Equipment Co. Ltd., Dubois Agrinovation Inc., Elgo Irrigation Ltd., Fujian Dafengshou Irrigation Technology Co.Ltd. , Hunter Industries Inc, Irritec SpA, Jain Irrigation Systems Ltd., Lindsay Corp., Mahindra and Mahindra Ltd., Metro Irrigation, Microjet Irrigation Systems, Nelson Irrigation Corp., Orbia Advance Corp. SAB de CV, Rain Bird Corp., Raindrip Inc., Rivulis Irrigation Ltd., The Toro Co., T L Irrigation Co., and Valmont Industries Inc. 

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Do reach out to our analysts for more customized reports as per needs. Speak to our Analyst now!

Micro Irrigation Systems Market Share Trend

  • The growing popularity of solar-powered micro irrigation systems

Access to the energy grid may not always be assured in remote locations, particularly in developing and growing countries. Farmers may be able to secure a safe power source for micro irrigation systems by using an independent and alternative energy system in such instances. The effectiveness of micro irrigation is combined with the dependability of a solar-powered water pump in a solar-powered micro irrigation system. Because of the growing popularity of solar-powered irrigation systems, some merchants have begun to offer them on the global market. As a result of the growing popularity of solar-powered micro irrigation systems, sales of these units may increase during the projection period.

Micro Irrigation Systems Market Challenge

  • The frequent replacement of micro irrigation components

Drippers and tapes in drip irrigation systems are readily destroyed by insects and rodents, and removing and installing parts takes more time. Replacement of components in automatic sprinklers and emitters used in micro irrigation systems necessitates reprogramming of the complete irrigation system. During high-pressure changes, some components, such as drip lines, can be destroyed. Sprinklers and drippers work well when operated at the manufacturer's specified operating pressure. As a result, frequent micro irrigation component replacement may raise the overall cost of micro irrigation system maintenance for farmers.

Get free sample for extensive insights on key market Drivers, Trends, and Challenges influencing the micro irrigation systems market.

Key market vendors insights

The micro irrigation systems market share is fragmented, and the vendors are deploying various organic and inorganic strategies to compete in the market.

Some of the key market vendors are:

  • Hunter Industries Inc
  • Irritec SpA
  • Jain Irrigation Systems Ltd.
  • Lindsay Corp.
  • Mahindra and Mahindra Ltd.
  • Nelson Irrigation Corp.
  • Orbia Advance Corp. SAB de CV
  • Rain Bird Corp.
  • The Toro Co.
  • Valmont Industries Inc.

For more detailed highlights on products offerings and the growth strategies adopted by other vendors, Download free sample report

  • Key Segment Analysis by Product
    • Sprinkler irrigation systems
      • The sprinkler irrigation systems segment will gain considerable market share in micro irrigation systems. Sprinkler irrigation systems are appropriate for all soil types and plants organized on slopes and can cover small and big expanses of land. When it comes to providing water to elevated locations, these systems are more efficient than drip irrigation systems. During the projection period, the market's growth might be accelerated by rising demand for innovative sprinkler irrigation system models.
    • Drip Irrigation System
    • Others

Regional Market Analysis

Europe will contribute to 29% of the micro irrigation systems market share growth during the forecast period. US, China, Germany, Canada, and the UK are the major markets for micro irrigation systems market share.

The increasing preference for new models of sprinkler irrigation systems is expected to boost the micro irrigation systems market share in the region.

Request our free sample for additional highlights and key segments that are expected to impact the market during the forecast period.

Related Reports:-

Rice Milling Machinery Market - The rice milling machinery market share is expected to increase by USD 151.20 million from 2020 to 2025, at a CAGR of 2.30%. Download Exclusive Free Sample Report

Agricultural Tractor Market in North America - The agricultural tractor market share in North America is expected to increase by 25.98 thousand units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.43%. Download Exclusive Free Sample Report

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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