Global Sales of Micro Irrigation Systems are Projected to Reach US$5.6 Billion by 2020

Growing Stress on Fresh Water Resources Spurs Adoption of Micro Irrigation Systems, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Micro Irrigation Systems. Global sales of Micro Irrigation Systems are projected to reach US$5.6 billion by 2020, driven by rising concerns over depleting water resources and the resulting need for efficient use of water in agriculture.

Micro irrigation represents one of the most cost efficient ways of watering plants and crops in a controlled manner. The need to achieve food security under growing water scarcity is resulting in the need for efficient water management, thus benefitting demand for micro irrigation techniques. As compared to traditional furrow and flood irrigation systems, these methods require lesser water, minimize water wastage and result in higher crop yields and agricultural productivity. Strong population growth and increasing demand for food will continue to influence demand for irrigation systems. Growth in the market is also driven by the support from local governments to implement these systems as a standard practice to conserve water resources.

The market for sprinkler micro irrigation systems constitutes the largest product segment, led by increasing adoption of central pivot and lateral move sprinklers.  Drip irrigation is projected to grow at a rapid rate guided by beneficial attributes such as efficient use of water and higher crop yields. Development of advanced technologies is additionally spurring growth in the market. Poised to benefit are irrigation solutions based on sensors for real time feedback on temperature, PH-value, humidity and soil moisture. With precision farming becoming the norm, optimization of water and fertilizer usage has also gained importance. GPS controls and introduction of Variable Rate Irrigation (VRI) technology for central pivots and lateral move systems allow application of differing rate of water, thus eliminating unnecessary water wastage and related costs.

As stated by the new market research report on Micro Irrigation Systems, the United States represents the largest market worldwide. A major portion of projected demand in the region is expected to come from replacement of existing equipment. Asia-Pacific ranks as the fastest growing market with a CAGR of 19.2% over the analysis period. The growth in the region is guided by strong population and economic growth, increasing demand for food, severe water scarcity, and government policy based measures for adopting micro irrigation systems.

Major players covered in the report include EPC Irrigation, Jain Irrigation Systems Limited, NaanDanJain Irrigation Ltd., Lindsay Corporation, Nelson Irrigation Corporation, Netafim Ltd., Rain Bird Corporation, Rivulis Irrigation, T-L Irrigation Co., The Toro Company, Toro Micro Irrigation, Valmont Industries, Inc.

The research report titled “Micro Irrigation Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, and strategic industry activities. The report provides market estimates and projections for major geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific (China and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The report is analyzed by segments, namely drip, and sprinkler irrigation systems, as well as by crop type namely plantation crops, orchard crops, field crops, and others (forage and turf grasses, ornamental crops, & herbs among others).