Irrigation System

Growth Of Micro Irrigation Systems Market Forecast 2014 – 2022

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Micro irrigation is the most efficient way to provide water to plants, and is particularly desirable in water scarce mountain areas where water is valuable and efficient use is essential. The concept and technology was developed in Israel 20 years ago and has the potential to save up to 70 per cent of the water used in flood irrigation and increase yields by up to 50-60 per cent. Micro irrigation currently irrigates a little less than two million hectares worldwide, or less than one percent of the total global irrigated acreage and this may largely be due to its high investment cost.

Micro Irrigation Systems Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $8,321 million by 2022, registering a CAGR of 16.6% during the forecast period 2016 – 2022. Factors such as scarcity of water, need for crop yield enhancement, and encouragement by the government majorly drive the global market. Asia-Pacific is expected be the largest market for micro irrigation systems during the forecast period.

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Sprinkler irrigation constitute the highest market share due to easily automated & mechanized systems and ability to irrigate widespread areas. Nonetheless, drip irrigation system is estimated to portray the fastest growth owing to issues regarding droplet ballistics in sprinkler irrigation systems that results into higher water consumption.

The orchard crops sub-segment portrays the highest revenue contribution during the forecast period. However, plantation crops sub-segment is projected to depict the fastest growth owing to the growth in tea and cotton plantations.

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Small farming segment is projected to dominate the market during the forecast period. Moreover, it is also expected to depict the fastest growth in the market due to the recent developments and launch of easily understandable systems in the rural sector.

Construction & Manufacturing AMR. Asia-Pacific accounted for majority of the global market share in 2015, and is expected to maintain its dominance during the forecast period. This is due to massive irrigated areas and adoption of micro irrigation systems across hilly terrains.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

 

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