Pune, Maharashtra -- (SBWire) -- 08/24/2023 --HTF MI introduces new research on Micro Irrigation Systems covering the micro level of analysis by competitors and key business segments (2023-2029). The Micro Irrigation Systems explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled in the study are Valmont Industries (United States), Hunter Industries (United States), The Toro Company (United States), Jain Irrigation Systems Ltd. (India), Nelson Irrigation Corporation (United States), Netafim Ltd. (Israel), Lindsay Corporation (United States), T-L Irrigation Co. (United States), Rain Bird Corporation (United States), Rivulis Irrigation Ltd. (India)
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According to HTF Market Intelligence, the Global Micro Irrigation Systems market to witness a CAGR of 15.80% during forecast period of 2023-2029. The market is segmented by Type (Drip, Micro sprinkler) by Crop Type (Orchard crops & vineyards, Plantation crops, Field crops, Other) by End User (Agricultural, Industrial) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
Micro-irrigation systems are a type of system that carries desired water and nutrients directly to the root zone of the plant, drop by drop. Micro-irrigation is also known as low-volume irrigation, Localized irrigation, and low-flow irrigation. The various benefits of using micro-irrigation systems in agriculture such as, saves precious money & labor, saving water to the tune of 30 to 40%, the minimum incidence of pest & diseases, and improvement in the quantity of the produce among others. It is widely used in the agriculture industry and the government has also taken to investment in the agriculture sector. Increasing usage of the micro irrigation system in the agriculture sector and government encouragement to promote the agriculture sector are likely to be a major driver for the global micro irrigation system market over the forecast period
Market Trends:
- Rising Preference for Micro Irrigation Systems with Improved Features of Products
Market Drivers:
- Rising Demand for both Water Conservation and High Crop Yield of Global Food Security
- Increasing Efficiency in the Use of Water in Drought-Prone Areas which Improved Crop Yields in Agriculture
Market Opportunities:
- Increasing consumer awareness in Emerging Countries Such as India, China, the Philippines and others
- Rising Adoption of Precision Agriculture and Sustainable Practices of System
Which market aspects are illuminated in the report?
Executive Summary: It covers a summary of the most vital studies, the Micro Irrigation Systems market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Micro Irrigation Systems market, the years measured, and the study points.
Company Profile: Each Firm well-defined in this segment is screened based on a product's, value, SWOT analysis, ability, and other significant features.
Manufacture by region: This Micro Irrigation Systems report offers data on imports and exports, sales, production, and key companies in all studied regional markets
Highlighted of Micro Irrigation Systems Market Segments and Sub-Segment:
Micro Irrigation Systems Market by Key Players: Valmont Industries, Inc. (United States), Hunter Industries (United States), The Toro Company (United States), Jain Irrigation Systems Ltd. (India), Nelson Irrigation Corporation (United States), Netafim Ltd. (Israel), Lindsay Corporation (United States), T-L Irrigation Co. (United States), Rain Bird Corporation (United States), Rivulis Irrigation Ltd. (India)
Micro Irrigation Systems Market by Types: Drip, Micro sprinkler
Micro Irrigation Systems Market by End-User/Application: Agricultural, Industrial
Micro Irrigation Systems Market by Geographical Analysis:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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The study is a source of reliable data on Market segments and sub-segments, Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological innovations Value chain, and investor analysis.
Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter's five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.
Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.
Key Points in the Market: The key features of this Micro Irrigation Systems market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.
Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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