Pune, India -- (SBWire) -- 04/11/2019 --Our latest research report entitled Drip Irrigation Market (by components (filters, pressure pumps, valves, emitters and drip tube), crop type (fruits & vegetables, cereals & pulses, turf & ornamentals, oilseeds & pulses), application (greenhouse, agriculture, landscape)) Industry Analysis, Trends, Size, Share, Forecasts to 2024 provides complete and deep insights into the market dynamics and growth of drip irrigation. Latest information on market risks, industry chain structure drip irrigation cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential drip irrigation growth factors.
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The forecast drip irrigation market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Drip Irrigation on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report the global drip irrigation market is projected to grow at a CAGR of 12% over the forecast period of 2018-2024.
Drip Irrigation Market: Industry Insights
Drip irrigation also known as micro-irrigation is a technology used for saving nutrients and water by permitting water to drip down slowly to the roots of plants. Water dripping is done either from above the soil surface or interred below the surface. The main purpose of this technology is to take water directly into the root areas and diminish evaporation. Farmers with the help of drip irrigation can cultivate a home garden or other land production for food required to the family and for trade by utilizing nominal quantities of water. Due to is several benefits such as reducing water wastage, effective & accurate water management, and use of fewer fertilizers this technology is used in many fields. agricultural farms, residential gardeners and commercial greenhouses use drip irrigation. With the help of pipes, narrow tubes, valves, and emitters drip irrigation is carried out. Proper management and installation of this system can help in controlling soil erosion.
Drip Irrigation Market: Drivers and Restraints
In order to meet the increasing food demand of the growing population is driving the growth of drip irrigation market. Growth in population upsurges the demand for an agricultural food product that has increased the demand for the cultivation of crops with the limited use of resources. As per the organization, world population is growing by about 83 million people every year. The capacity of the drip irrigation system of delivering better yield with an adequate supply of water is anticipated to boost the demand for drip irrigation market. Further, increasing agricultural activities in developing countries such as India is also likely to support the demand for drip irrigation market. On the other hand, high initial investment cost for installing a drip irrigation system is likely to hamper the growth of the market. Besides, the growing trend of integrating the latest technology in cultivation, owing to growing consciousness regarding agriculture techniques and effective cultivation. This motivates the producers of micro irrigation systems to raise their expenditure in R&D to launch the modern and most effective micro irrigation systems.
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Drip Irrigation Market: Segmentation
The global drip irrigation market is divided into components, crop type, and application. On the bases of components, the market is classified into filters, pressure pumps, valves, emitters, and drip tube. Among them, filters dominate market growth. Further, based on crop type the segment is bifurcated into fruits & vegetables, cereals & pulses, turf & ornamentals, and oilseeds & pulses. On the basis of application, the market is categorized into greenhouse, agriculture, and landscape. From this greenhouse, segments are likely to witness an important growth in the market. Due to the increasing cost of water and electricity, with the self-conscious regarding exhausting climatic conditions, the home gardeners, and greenhouse owners are favoring for implementing new techniques to increase efficiency.
Drip Irrigation Market: Regional Insights
Among the geographies, the Asia Pacific region is likely to dominate the drip irrigation market followed by North America. In Asia Pacific region factors such as growing subsidies for application of drip irrigation systems by the government and increasing consciousness among farmers about the advantages of using drip irrigation systems are some of the driving factors for the growth of the market. Further, in North America region adoption of new technologies is boosting the growth of drip irrigation market.
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Drip Irrigation Market: Competitive Analysis
Some of the leading players in the global drip irrigation market are The Toro Company, Hunter Industries Incorporated, Rain Bird Corporation, Chinadrip Irrigation Equipment Co., Ltd., Antelco Pty Ltd, Lindsay Corporation, Eurodrip S.A., Netafim Limited, Rivulis Irrigation Ltd. and Elgo Irrigation Ltd. In January 2017, The Toro Company has acquired Regnerbau Calw GmbH, a private manufacturer of professional irrigation equipment. Further, Regnerbau Calw GmbH manufactures a variety of irrigation products such as impact sprinklers and coupling systems for agricultural fields, rain guns for industrial applications and retractable sprinklers for sports fields, under the Perrot brand.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Drip Irrigation.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
