Global Drip Irrigation Market Size, Share, And Trends By Application (Subsurface, and Surface), By Component (Emitters, Filters, Valves, Pumps, and Others), By Emitter Type (Online, Inline), And Geography - Forecasts From 2019 to 2024
- Published : Mar 2020
- Report Code : KSI061612699
- Pages : 120
The Global Drip Irrigation market is projected to grow at a CAGR of XX.XX% to reach US$XX.XX billion in 2024 from USXX.XX billion in 2018. Drip Irrigation s refer to the equipment and systems used to supply water in agricultural lands for growth of crops. The demand for Drip Irrigation is expected to increase on account of the rising adoption of these systems in farmlands owing to their precision property. Further, technological advancements like the advent of smart Drip Irrigation systems is anticipated to widen up the growth opportunities for the Drip Irrigation market in the upcoming years. However, high investment cost along with stiff maintenance cost is expected to hamper the market growth. The market has been segmented on the basis of application, components, emitter type and geography. In the application segment, surface drip irrigation is expected to hold a significant market share owing to its wide adoption. Geographically, Asia Pacific is projected to be a substantial shareholder in the market during the forecast period on account of the huge agricultural industry in countries like India and China along with rising government support for the modernization of the agricultural sector.
DRIVERS
Government support for modern agriculture techniques.
Rising adoption of practices focusing on water waste reduction.
RESTRAINTS
High investment and operating cost.
INDUSTRY UPDATE
In February 2019, Rivulis Irrigation expanded its business in Mexico by opening a new factory in Leon.
In November 2017, Metzer launched a new production plant in Mexico with an aim to supply drip irrigation technology to Mexican farmers.
In February 2017, Rivulis Irrigation and Eurodrip S.A entered into a merger to become a leader in irrigation solutions.
Major industry players profiled as part of the report are Netafim Limited, Deere & Company, EPC Irrigation Limited, The Toro Company, Lindsay Corporation, Valmont Industries Inc., Rivulis Irrigation, and Nelson Irrigation Corporation among others.
Segmentation
The Drip Irrigation market has been analyzed through the following segments:
By Application
Subsurface
Surface
By Component
Emitters
Filters
Valves
Pumps
Others
By Emitter Type
Online
Inline
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
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