Europe Acquires Leading position in Global Micro-irrigation Systems Market

Published By : 31 Mar 2016 | Published By : QYRESEARCH

The global micro-irrigation systems market is witnessing a remarkable surge in its valuation. Europe has been dominating this market since last few years. It held a share of 32% in the overall market in 2014. Other regional markets are also experiencing significant growth. In particular, Asia Pacific is likely to report the fastest growth in the next few years.

Demand for Sprinklers to Remain Highest in Global Micro-irrigation Systems Market
Sprinklers and drip irrigation systems are the key types of micro-irrigation systems utilized across the world. Farmers and agriculturalists mostly prefer sprinklers for irrigation. Pumping unit, tubing, couplers, fittings and sprinkler heads, span, and towers are the main components of a sprinkler while tubing, drippers, valves, backflow preventers, pressure regulators, filters, and fittings are the key components of a drip irrigation system.

In 2014, this segment accounted for a demand share of more than 80% in the overall market. Here is a snapshot of the historical and current performance as well as prospects of each of the segments of this market.

  • The sprinkler segment is likely to rise at a CAGR of 14.50% during the period from 2015 to 2023.
  • In the sprinkler segment, pumping units were the most demanded components in 2014 and contributed a share of approximately 39% of the total revenue generated from all the components.
  • The demand for fittings and sprinkler-heads is projected to report the fastest growth in the sprinkler segment over the forthcoming years.
  • Filters were the most demanded component in the drip irrigation systems segment in 2014, accounting for a demand share of more than 30% of all the components. This trend is likely to continue in the near future.

Elgo Irrigation Ltd., Jain Irrigation Systems Ltd., Netafim Ltd., Rain Bird Corp., Eurodrip SA, Valmont Industries Inc., Reinke Manufacturing Co. Inc., The Toro Co., Hunter Industries Inc., Sistema Azud SA, T-L Irrigation Co., Lindsay Corp., and Rivulus Plastro Ltd. are some of the micro-irrigation systems manufacturers in the global arena.

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