Micro Irrigation Systems Market was Anticipated to be Worth US$ 5,687.1 Mn in 2019 and is Estimated to be Worth US$ 21,362.5 Mn with CAGR of 17.9% during the Forecast Period 2020-2027

 

Micro Irrigation Systems Market

A modern type of irrigation system that uses sprinklers and spray to apply water to the land under cultivation is called micro-irrigation. This system can be divided into irrigation types such as sprinkler irrigation, lateral irrigation, move irrigation, drip irrigation, and center-pivot irrigation. When it comes to maximising crop water use and protecting them from biotic and abiotic stresses, micro-irrigation systems are a highly effective solution.

Growing government initiatives to encourage farmers to use micro-irrigation systems as a result of growing worries about water scarcity are anticipated to fuel Micro Irrigation Systems Market expansion. Demand for food and water is continuously increasing as the population grows. As a result, micro-irrigation systems have emerged as a crucial tool in the agriculture sector for boosting crop production while simultaneously lowering field water use.

It is anticipated that the ability of micro irrigation systems to prevent weed growth and improve yield production will present lucrative opportunities. Additionally, this system stores the nutrients found above and below the soil's surface, which is anticipated to improve product penetration. Additionally, unfavourable weather across the MEA regions will encourage the expansion of Micro Irrigation Systems Market.

The Market For Micro Irrigation Systems Is Estimated To Surpass US$ 21,362.5 Million By 2027, Exhibiting A CAGR Of 17.9% Between 2020 And 2027.

The market's expansion is anticipated to be hampered by a lack of technical experts to manage and control the micro irrigation system equipment. Micro Irrigation Systems Market are automated, so skilled labour is needed to operate them. The adoption of this system is being hampered by the high initial investment and ongoing maintenance costs associated with micro irrigation systems. Additionally, the price of micro irrigation systems is far above what small farmers in developing countries can afford to pay. The market expansion of micro irrigation systems is predicted to be hampered by this.

The Micro Irrigation Systems Market is seeing an increase in the adoption of cutting-edge farming technology, which is anticipated to boost the market growth for micro irrigation systems. It is also anticipated that increasing demand for sprinklers, which assist in dispersing water over a wide area in the field, will fuel the market expansion of micro irrigation systems. Micro irrigation system market growth is also anticipated to be facilitated by sprinkler system manufacturer advancement.

Segments Covered are-

By Type: Sprinkler irrigation, Drip Irrigation, Center-Pivot Irrigation, and Lateral Move irrigation

By Crop Type: Plantation Crops, Orchard Crops, Field Crops, Forage & Turf Grasses, and Other Crops

By Application: Agriculture, Large Gardens, Lawns (Household), Public Parks, Sports Grounds, and Other Applications

Major Companies involved are- Netafim, Jain Irrigation System Limited, John Deere & Company, EPC Industries, ELGO Irrigation Ltd., Hunter Industries, Inc., Lindsay Corporation, Valmont Industries, Inc., and Rain Bird

Read the Press Release of Micro Irrigation Systems Market

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