According to a market report by Lucintel, the future of the microirrigation systems market looks promising with opportunities in the farmers and industrial users segment. The global microirrigation systems market is expected to grow with a CAGR of 18% from 2019 to 2024. The major growth drivers for this market are efficient usage of water resources in drought conditions, low-cost irrigation technique, higher yield requirement from limited area, and rapid growth in greenhouse vegetable production.
In this market, microsprinkler irrigation and drip irrigation are the major product type. Drip irrigation is the largest product type market. Within the microirrigation systems market, orchard crops and vineyards, field crops, plantation crops, and others are the major applications. Orchard crops is the application segment for microirrigation systems.
Asia-Pacific will remain the largest market over the forecast period as the focus of agriculture in that region has shifted from traditional crops to more commercial crops
The Toro Company, Jain Irrigation, Rain Bird Corporation, Netafim, Valmont Industries, Hunter Industries, and Lindsay Corporation are among the major manufacturers of microirrigation systems.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global microirrigation systems market by application, by type, by mode of application, and by region. Lucintel has prepared a comprehensive research report entitled "Global Microirrigation Systems Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global microirrigation systems market by application, by type, by mode of application, and by region as follows:
By Application [$M shipment analysis for 2013 – 2024]:
Orchard crops and vineyards
Field crops
Plantation crops
Others
By Type [$M shipment analysis for 2013 – 2024]:
By mode of Application [$M shipment analysis for 2013 – 2024]:
Farmers (Small, Medium and Large)
Industrial Users
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Asia Pacific
RoW
More than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link …helpdesk@Lucintel.com.
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