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Drip Irrigation Market: Market Segments: By Component (Emitters/Drippers, Pressure Pumps, Drip Tubes/Drip Lines, Valves, Filters, Fittings & Accessories); By Crop Type (Field Crops, Fruits & Nuts, Vegetable Crops and Other);
By Application (Surface and Subsurface); and Region - Global Analysis by Market Size, Share & Trends for 2014 - 2020 and Forecasts t- 2030
Product Overview
Drip irrigation method allows water t- be used in a regulated manner, where water is slowly supplied t- the root system of plants. Water is either dripped ont- the soil surface above the roots or directly int- the root zone using this process. This technique seeks t- reduce the evaporation of water. With proper installation and maintenance, the drip irrigation system will contribute t- significant water conservation by managing evaporation and drainage.
Market Highlights
Drip Irrigation Market is expected t- project a notable CAGR of 10.5% in 2030.
Drip Irrigation Market t- surpass USD 10.7 billion by 2030 from USD 5.8 billion in 2019 at a CAGR of 10.5% throughout the forecast period, i.e., 2020-30. Due t- factors such as rising population, increasing global food demand and increasing population size, limited arable, especially in emerging countries of the Asia Pacific and Latin America region, the global market for drip irrigation systems will increase during the forecast period.
Drip Irrigation Market: Segments
Drip tubes/drip lines segment t- grow with the highest CAGR during 2020-30
Drip Irrigation Market is segmented by component int- emitters, drip tubes/drip lines, filters and valves among others. Insecticides based Drip Irrigation, led the market in 2018, accounting for XX.X% of market share. The emitter segment is growing rapidly in the drip irrigation market with the highest CAGR of 8.5% in the forecast period. The function of emitters is t- discharge water at a determined pace and avoid clogging.
Drip Irrigation Market: Market Dynamics
Drivers
Rapid Growth in green house vegetable production
In order t- influence soil moisture, automatic drip irrigation is necessary, especially in the case of specialized greenhouse vegetables. An easy, meticulous method for managing soil moisture and applying water is given by complete automation of drip irrigation systems. Some of the factors that increase the demand for automatic drip irrigation systems are successful time management, elimination of human errors in terms of calculation, and adjustment of available soil moisture levels.
Restrain
High initial cost of large-scale drip irrigation systems
The initial investment costs are high, which makes it uneconomical for low-value crops t- use drip irrigation systems. The cost of equipment for drip irrigation varies with the type of crop, location, soil, water conditions, fertigation equipment, and filtration equipment.
Drip Irrigation Market: Key Players
Chinadrip Irrigation Equipment Co., Ltd.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
Hunter Industries, Inc.
Irritec S.p.A
Jain Irrigation Systems Ltd.
Lindsay Corporation
Microjet Irrigation Systems
Netafim Limited
Rain Bird Corporation
Rivulis Irrigation Ltd.
The Tor- Company
Drip Irrigation Market: Regions
Drip Irrigation Market is segmented based on regional analysis int- five major regions. These include North America, Latin America, Europe, APAC and MENA.
Drip Irrigation Market in Asia Pacific held the largest market share of XX.X% in the year 2018 and it is expected t- continue its market dominance in the future due t- growing demand from the agriculture industry. North America will be followed by the Asia-Pacific region, while Europe will be ranked third in the drip irrigation market worldwide. The Asia Pacific market is expected t- expand at a significant pace over the forecast period, owing t- the government's incentives and subsidies. In addition, in emerging economies such as China and India, the benefits associated with the use of drip irrigation, such as high yield and low water waste, are driving market growth. In addition, soil erosion restrictions and easy fertilisation are major factors driving the growth of the demand for drip irrigation.
Drip Irrigation Market report als- contains analysis on:
Drip Irrigation Market Segments:
By Component:
Emitters/Drippers
Pressure Pumps
Drip Tubes/Drip Lines
Valves
Filters
Fittings & Accessories
By Crop Type:
Field Crops
Fruits & Nuts
Vegetable Crops
Other
By Application:
Surface
Subsurface
Drip Irrigation Market Dynamics
Drip Irrigation Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Drip Irrigation Market
Which segment is anticipated t- hold the largest market share?
At what CAGR is the market anticipated t- grow between 2020 and 2030?
Wh- are the key players in the Drip Irrigation Market?
What could be the challenging factors in the growth of Drip Irrigation Market?
What are the growth drivers for the Drip Irrigation Market?