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Micro Irrigation Systems Market

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According to Future Market Insights recent report, rising scarcity of water has fuelled the demand for micro irrigation systems. In 2017, the global micro irrigation systems market will reach an estimated value of US$ 4,682.3 Mn.
Micro Irrigation Systems Market is Estimated to be Valued at US$ 16,200 Mn by the end of
2027
The global water situations continue to be stressed with higher number of regions falling
into water scarcity. Considering the brimming demand for water across all purposeful
applications, governments are unable to locate and utilize renewable fresh water
resources without running them dry. Since replenishing these natural bodies is out of the
option, industries as well as individuals are compelled to optimize their water usage. In
spite of causing distress in every water-associated business in the world, the stressed
water situation in the world has contrastingly boosted one market in particular – the global
market for micro irrigation systems.
From rural agriculturists to agro-industry giants, the adoption of micro irrigation systems is
gaining traction owing to their ability to improve irrigational efficiency by 50-90%.
According to Future Market Insights recent report, rising scarcity of water has fuelled the
demand for micro irrigation systems. In 2017, the global micro irrigation systems market
will reach an estimated value of US$ 4,682.3 Mn. The report projects that by the end of
2027, the market will have soared at a sizeable CAGR of 13.3%, registering an estimated
value of more than US$ 16,200 Mn.
In terms of region, the adoption of micro irrigation systems will be highest in Asia-Pacific
excluding Japan (APEJ) region. This region has recorded the highest number of areas hit
with water scarcity, and it is also recorded fastest water consumption in agriculture &
manufacturing-driven economies such as India and China. The APEJ micro irrigation
systems market is anticipated to account for more than 30% of global revenues by 2027.
Demand for micro irrigation systems will also register lucrative growth in Latin America, as
the region is expected to showcase revenue growth at 13.9% CAGR.
Key excerpts from the report estimate that in 2017, more than 3.5 million hectares of land
in the world was irrigated with sprinkler irrigation systems. During the assessment period,
the report exhibits that global revenue growth accounted by sprinkler irrigation systems will
be registering a 12.8% CAGR. This segment will, however, witness sluggish growth,
compared to that of mini sprinkler systems. Demand for micro or mini sprinkler systems
will gain traction, but at a gradual pace as this segment accounts to merely 3% of the
market value. Towards the latter half of the forecast period, the global demand for drip
irrigations systems is projected to gain traction, recording US$ 5,304.1 Mn in value by
2027-end.
Request to view table of content @
https://www.futuremarketinsights.com/toc/rep-gb-4303
Large private and corporate farms are expected to be largest end-user of micro irrigation
systems through 2027. Over 60% of global market value will be accounted by this end-use
segment by the end of 2027. Small farmers will also be observed as lucrative end-users
for micro irrigation systems. The report also profiles leading players in the global micro
irrigation system market, which include Chinadrip Irrigation Equipment (Xiamen) Co., Ltd.,
Kisan Irrigation Ltd., Finolex Plasson Industries Pvt. Ltd., Ripple Aquaplast, Irritrol,
Eurodrip SA, Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Rain Bird
Corporation, Hunter Industries, Valmont Industries, Rivulis Irrigation Ltd., Lindsay
Corporation, Reinke Manufacturing Company, Inc., EPC Industries Ltd., T-L Irrigation,
Elgo Irrigation, Sistema Azud SA, and Nelson Irrigation Corporation.
Buy Micro Irrigation Systems Market Report @
https://www.futuremarketinsights.com/checkout/4303
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ashutosh
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