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.
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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.
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