Global Drip Irrigation Market
The global Drip Irrigation market was valued at USD 3.38 billion in 2016 and is projected to reach USD 9.23 billion by 2025, growing at a CAGR of 11.80% from 2017 to 2025.
Drip irrigation is a type of irrigation technique that aids in saving water. The technique is useful in areas where there is scarcity of water. The market growth is also aided by government programs aimed at promoting drip irrigation. Growing water crisis globally is expected to increase market penetration of this irrigation technique.
1. Market Drivers
1.1 Effective cost savings
1.2 Enhancement in crop yield
2. Market Restraints
2.1 Regular maintenance
2.2 High costs involved
The global Drip Irrigationmarket is segmented on thecrop type, component, application, and region.
1. By Crop Type:
1.1 Vegetable Crops
1.2 Nuts and Fruits
1.3 Field Crops
2. By Component:
2.1 Pressure Pumps
2.5 Fittings and Accessories
2.6 Drip Lines/Drip Tubes
3. By Application:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Antelco Pty Ltd.
2. Jain Irrigation Systems
3. Shanghai Huawei Water Saving Irrigation Corp. Ltd.
4. Lindsay Corporation
5. Elgo Irrigation Ltd.
6. The Toro Company
7. Chinadrip Irrigation Equipment Co. Ltd.
8. Hunter Industries Incorporated
9. Netafim Limited
10. Rivulis Irrigation Ltd.
11. Rain Bird Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Drip Irrigationmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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