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Drip Irrigation Systems Market to be 3.56 Billion USD by 2020

The report Drip Irrigation Systems Market by Crop Type (Field Crops, Vegetables, Orchard Crops, Vineyard and Rest (Crops)), Application (Agriculture, Landscape, Greenhouse and Others), Components & by Region - Global Trends and Forecasts to 2020”, defines and segments the drip Irrigation Systems market on the basis of various types, components, applications and regions, with analyses and projections of the market size of each of these segments in terms of value. It also identifies the driving and restraining factors for the drip Irrigation Systems market with an analysis of the trends, opportunities, burning issues, and winning imperatives.

Browse 71 tables and 62 figures spread through 170 Pages and in-depth TOC on "Drip Irrigation Systems Market - Global Trends and Forecasts to 2020"

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The global drip irrigation system is segmented into components, crop type, application and region. On the basis of components, the drip irrigation system is divided into Emitters, Pressure Gauge, and Drip Tube, Valves, Filters and Others. On the basis of crop type it is further segmented on the basis of Field, Vegetable, Orchard, Vineyard and rest Crops. The drip irrigation systems can be applied to Agriculture, Landscape, Greenhouse, and Others. On the basis of region, drip irrigation is divided into North America, Europe, Asia Pacific and Rest of the world.

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Rise in the global population has led to an increased demand for agricultural products. In such a case the cultivation of agricultural crops on arable land with limited resources has become the need of the hour. With the help of drip irrigation, this can be dealt with efficiently. Drip irrigation systems help in the prevention of water and prevent against draught affected areas. It can also be used efficiently in undulating terrain, rolling topography, barren lands, and areas with shallow soil layers. Due to its known benefits, the demand for drip irrigation is increasing and the market is witnessing an exponential growth in the market. The market is expected to reach a value of USD 3.56 billion by 2020 at a CAGR of 10.7% for the forecast period of 2015 to 2020. The market growth can also be attributed to the initiatives taken by the government in the form of subsidies in various regions to promote the use of drip irrigation systems.

The Asia Pacific region has been the market leader for drip irrigation systems with a market share of 49.5% and it is expected to further grow at the highest CAGR of 13.0% during 2015 to 2020 with China projected to face the fastest growth due to its growth in population. The market is followed by Europe as it is projected to grow at a CAGR of 8.7 during the forecast period.

The market of drip irrigation is dominated by some key market players, they are, include Netafim Limited (Israel), Jain Irrigation System Limited (India), Lindsay Corporation (U.S.), The Toro Company (U.S) and Eurodrip S.A (Greece). Expansions, new product launch and agreements are the strategies adopted by these key players to maintain and strengthen their position in the market. The market growth and increased demand is driven by the efficient use drip irrigation can provide and the increased food requirements of consumers around the world.

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