The global micro-irrigation market has been estimated at USD 5.6 billion in 2014. The market is expected to register a CAGR of 9.5% during the forecast period, 2018 to 2023. Sprinkler irrigation system accounts for 50% share of the global micro-irrigation market.
Growth in Drip Irrigation
Drip irrigation is showing a stronger growth at a CAGR of 11.2% during 2018-2023. It increases the water use efficiency by 80%-90%. Drip irrigation results in lower water consumption, because of reduced leaching fraction. The two major player in drip irrigation systems are Jain Irrigations Systems Ltd, and Netafim.
Rapid Growth in Greenhouse Vegetable Production
Micro irrigation can improve the productivity of vegetables through greenhouse system is by 70%. This is owing to the fact that the micro-irrigation entails the slow and regular application of low pressure water directly to the root zone of the crops. Along with water, fertilizer losses are also minimized and fertilizer cost are thus reduced and farmers can irrigate more crops area per unit of water used. The labor requirement for weeding, fertilizer, and irrigation are less as compared to other irrigation system.
• In 2017, Jain Irrigation Systems Ltd acquired Australian agri-tech firm, Observant Pty Ltd. This acquisition will help in strengthening the company's base, and also bring up new product portfolio in micro-irrigation systems and enhance its presence in Australia & New Zealand.
• In 2017, The Toro Company had launched new high-quality micro distribution tubing. The new product serves a broader variety of the most demanding nursery and agricultural applications, especially for water and fertilizer distribution solutions.
• In 2014, The Toro Company introduced the pressure-compensating sprinkler, which was specifically designed for the nursery application.
• In 2014, Jain Irrigation Systems Ltd launched integrated solar-powered micro-irrigation systems for small farmers, which would ensure reliability of water supply and power supply.
Major Key Players are Jain Irrigation Systems, Netafim, Rivulis, EPC Industries, Deere & Company, and Harvel
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1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope and Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1.1 Subsidies from Government and Support from Financial Institution
3.1.2 Global Water Scarcity
3.1.3 Technological Innovation
3.1.4 Rapid Growth in Greenhouse Vegetable Production
3.2.1 Lack of Consumer Awareness
3.2.2 Lack of Trained Personnel for Proper and Continous Monitoring of the Project
3.2.3 Higher InitiaI Investment Requirement
3.2.4 Continous Maintenanace Requirement
3.3 Porter's Five Forces Analysis
3.3.1 Bargaining Power of Supplier
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
4. Market Segmentation
4.1 By Mechansim
4.1.1 Drip Irrigation System
4.1.2 Sprinkler Irrigation System
4.2 By Component
4.2.1 Emitters/ Drippers
4.2.2 Drip Tubes/Drip Lines
4.2.3 Pressure Pumps
4.2.6 Fittings & Accessories
4.3 By Application
4.3.1 Field Crops
4.3.2 Plantation Crops
4.3.3 Orchards and Vineyards
4.3.4 Turf And Ornaments
4.4 By End -Users
4.4.1 Agriculture Users
4.4.2 Industrial Users
4.5 By Geography
4.5.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
4.5.4 South America
18.104.22.168 South Africa
5. Value Chain Analysis
6. Competetive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.1 Deere & Company
7.2 Jain Irrigation Systems Limited
7.3 Lindsay Corporation
7.4 EPC Industries
7.5 Nelson Irrigation Corporation
7.6 Netafim Ltd.
7.7 Rain Bird Corporation
7.8 The Toro Company
7.11 Chinadrip Irrigation Equipment Co., Ltd.
7.12 Elgo Irrigation Ltd.
7.13 Antelco Pty Ltd
7.14 Kothari Group India
8. Future Outlook of the Market