The global micro irrigation systems market was estimated to account for US$ 5,687. Mn in terms of value by the end of 2019.Irrigation involves provision of water to dry land for crop cultivation. The micro-irrigation process supplies water at frequent intervals above and below the soils surface. Micro-irrigation systems are generally low- or medium-pressure systems that deliver water in the form of sprinkles, spray, mist, drip, and jet. Due to rise in concerns of water scarcity, micro irrigation systems prove to be an innovative and efficient solution as compared to the conventional irrigation practices. The two major factors that drive the micro irrigation systems market are an increase in the demand for food and agriculture products and a rise in water supply & storage problem.
The high initial investment and maintenance costs of the micro irrigation system are impeding market expansion. A micro-irrigation system is not a viable solution for a farmer with a small farm. However, a rise in corporate investment is predicted to mitigate the impact of these constraints. Several businesses create low-cost equipment for this industry. The high cost of equipment and the limited level of commercialization in developing nations provide hurdles to the micro-irrigation sector.
The market for micro-irrigation systems is divided into four sections: product type, crop type, application, and geography. Sprinkler irrigation and drip irrigation are the product types segmented. Sprinkler irrigation systems generated the most revenue in the global market in 2019. Drip irrigation systems, on the other hand, are expected to develop the fastest between 2020 and 2027.
The market is divided into plantation crops, field crops, orchard crops, and others based on crop type. In 2015, the orchard crop type category had the biggest revenue share, and this is likely to continue during the forecast period. However, plantation crops are expected to expand the fastest during the projection period.
Based on applications, the market is segmented into small farming, large & corporate farming, government, and others. Among the application segments, small farming dominated the market in terms of expenditure.
The geographical regions considered in the report are North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific currently constitutes the highest market share in the world micro irrigation systems market on account of massive irrigated areas and adoption of micro irrigation systems across the hilly terrains.
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