Micro Irrigation Systems Market worth $4,909.49 Million by 2019

1. MarketsandMarkets Presents Micro Irrigation Systems Market worth $4,909.49 Million by 2019 http://www.marketsandmarkets.com/Market-Reports/micro-irrigation-system-market-566.html

2. The report, “Micro Irrigation Systems Market by Type (Drip & Sprinkler Irrigation Systems), Crop Type (Field Crops, Plantation Crops, Orchard Crops, and Forage & Turf Grasses) & by Region - Global Trends & Forecasts to 2019”, defines and segments the micro irrigation systems market with analyses and projection of the market size and trends, in terms of value and volume. It also identifies the driving and restraining factors for the market with analyses of opportunities, burning issues, and challenges. The market has been segmented on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) along with a value projection. The size of the markets in key countries has also been covered and projected for each region. The market has also been segmented on the basis of type, crop type, along with a market size projection. Browse 109 market data tables and 61 figures spread through 190 pages and in-depth TOC on “Micro Irrigation Systems Market by Type (Drip & Sprinkler Irrigation Systems), Crop Type (Field Crops, Plantation Crops, Orchard Crops, and Forage & Turf Grasses) & by Region - Global Trends & Forecasts to 2019" http://www.marketsandmarkets.com/Market-Reports/micro-irrigation-system-market-566.html Early buyers will receive 10% customization on reports.

3. Scope of the report • This research report categorizes the micro irrigation systems market based on type, crop type, and region. • Based on type, the market has been segmented as follows: • Sprinkler irrigation • Drip irrigation • Based on crop type, the market has been segmented as follows: • Field crops • Plantation crops • Orchard crops • Forage & turf grasses • Based on region, the market has been segmented as follows: • North America • Europe • Asia-Pacific • RoW (Latin America, the Middle East, and Africa)

4. The micro irrigation systems market, in terms of value, is projected to reach $4,909.49 million by 2019, at a CAGR of around 17.2% during the review period. Factors such as demand for increased crop production and protection against drought-like situations are the major drivers of the micro irrigation systems market. The micro irrigation systems market continues to grow due to high demand in most of the countries and the intensifying market opportunities. The market players are responding to these new opportunities by expanding their global presence and product lines. Micro irrigation is the slow application of water on, above, or below the soil by surface drip, subsurface drip, bubbler, and micro-sprinkler systems. Where labor is scarce and expensive or where medium to large areas need to be irrigated precisely and frequently with minimum waste of time and water, it is better to invest in micro irrigation systems. Micro irrigation is practiced mainly to increase the water use efficiency in agriculture wherein it is gaining higher importance as the exploitation of groundwater has been increasingly alarming in a majority of countries, such as Mexico, China, and India. Micro irrigation systems also deliver water and fertilizer nutrients directly to plant root systems through the help of drip irrigation, thereby offering a more efficient alternative to flood and sprinkler irrigation systems. Micro irrigation systems are classified into sprinkler irrigation and drip irrigation systems. The sprinkler irrigation segment dominated the micro irrigation systems market, having contributed around 77.3% share in 2013. The segment is projected to be the fastest-growing market for the next five years as it is one of the most water-efficient irrigation systems and saves labor cost.

5. The micro irrigation systems market is projected to grow at a CAGR of 17.3% between 2014 and 2019. The market was dominated by North America in 2013, which accounted for around 34% of the total micro irrigation systems market. On the other hand, Asia-Pacific is projected to be the fastest-growing market for the period considered for this study, due to growing demand for water and increasing water scarcity. In terms of types, the sprinkler irrigation segment is projected to be the largest and the fastest-growing market for micro irrigation systems from 2014 to 2019 as it is one of the most water-efficient systems. On the other hand, the market for micro irrigation systems is projected to be the largest for orchard crops and is also projected to be the fastest-growing segment for the next five years. The market is projected to grow at a CAGR of 18.3% between 2014 and 2019. The micro irrigation systems market is characterized by intense competition due to the presence of a large number of both large- and small-scale firms. Expansions, acquisitions, agreements, and new product launches are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players, such as Netafim Limited (Israel), The Toro Company (U.S.), Jain Irrigation Systems Ltd. (India), and Rain Bird Corporation (U.S.). Other major players in the market are EPC Industries Limited (India), Nelson Irrigation Corporation (U.S.), Rivulis Irrigation (Israel), Valmont Industries, Inc. (U.S.), and T-L Irrigation Co. (U.S.). http://www.marketsandmarkets.com/Market-Reports/micro-irrigation-system-market-566.html

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