The global drip irrigation systems market consists of a few global and local players. The market is considerably fragmented, says Transparency Market Research (TMR) in a report. The global drip irrigation systems market share is evenly categorized among a few major companies. There are some noteworthy players heading the global drip irrigation systems market to deliver quality products to end-users. The most important enterprises operating in the global drip irrigation systems market are Netafim Ltd., The Toro Company, Jain Irrigation Systems Ltd., Rain Bird Corporation, and Hunter Industries, Inc.
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As said in the report of TMR, the global drip irrigation systems market was valued at US$98.3 mn in 2013. It is projected to achieve US$317.4 mn by 2020 by stretching out at a CAGR of 18.30% for the duration of 2014 to 2020. Based on applications, the global drip irrigation systems market is categorized into agriculture, landscape, and greenhouse. Among these, agriculture segment will lead the drip irrigation systems market share and account for the highest growth in the market owing to the growing government initiatives to support the installation of drip irrigation systems.
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Growth in Demand of the Agricultural Product is driving the Market
The rise in population has led to the growth in request for the agricultural product. This grown demand has pushed the requirement for cultivation of agricultural crops with in the short supply of resources. The ability of this system to provide better yield with limited water supply be projected to boost the demand for global drip irrigation system market. Additionally, governments are taking part by providing subsidies in several area to promote the use of drip irrigation system globally.
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This review is based on Transparency Market Research’s report, titled “Drip Irrigation Systems Market (Components - Drippers, Tubing, Backflow Preventers, Valves, Filters, Pressure Regulators and Fittings) - Middle East and North Africa Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.”
The global drip irrigation systems market is segmented as follows:
Components
- Emitters
- Pressure Gauge
- Drip Tube
- Valves
- Filters
- Others
Crop type
- Cereals & Pulses
- Fruits & Vegetables
- Oilseeds & Pulses
- Turf & Ornamentals
- Others Crops
Application
- Agriculture
- Landscape
- Greenhouse
- Others
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