Micro Irrigation System Market worth $3414.7 Million by 2016

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MarketsandMarkets Presents
Global Micro Irrigation System Market worth
3414.7 Million by 2016

http//www.marketsandmarkets.com/Market-Reports/mi
cro-irrigation-system-market-566.html
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According to the new market research report
Micro Irrigation System Market Trends and Global
Forecasts (2011 - 2016) published by
MarketsandMarkets (www.marketsandmarkets.com),
global micro irrigation system market expected to
reached over 1,290 million by the end of year
2010 and is expected to reach 3,414.7 million by
2016, growing at a CAGR of 17.9 from 2011 to
2016. Browse gtgt 150 data
tables 150 figures 370
pages and in-depth TOC on Micro Irrigation
System Market Trends and Global Forecasts
(2011 - 2016) http//www.marketsandmarkets.com/
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The global micro irrigation system market is one
of the fastest growing segments of global
agriculture industry. This growth is fueled by
Government encouragement for adoption of micro
irrigation system as regular practice for future
safety due to water scarcity, in order to
conserve natural water resources. This growth is
particularly higher in geography such as Africa
and Asia-Pacific due to increased water scarcity
and farmers awareness regarding improvement in
yield quality and quantity using micro
irrigation. Crop protection expense is the second
highest expense after fertilizer in farming
expenses, both the major expenses can be reduced
with fertigation and chemigation. Hence in areas
other than water scarce area, fertigation and
chemigation have proven to be the winning
imperatives for the global micro irrigation
system market. Hence micro irrigation systems are
the most cost effective way of protecting crops
from both biotic and abiotic stresses. Inquire
Before Buying _at_ http//www.marketsandmarkets.com/
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Sprinkler micro irrigation systems, which
includes micro sprinkler irrigation and micro jet
irrigation systems are the biggest market
segments as on 2010, owing to their wide-spread
use in sprinkler irrigation. Sprinkler micro
irrigation systems currently controls over 72 of
the global micro irrigation system market. Drip
micro irrigation systems are a smaller market
segment, but expected to grow at a faster pace
than any other segment, due to Government
encouragement for optimum water usage to secure
future water demands especially in water scarce
geography.The North American micro irrigation
system market is expected to hold around 24 of
the global market share by 2016, at an estimated
CAGR of 15.7. Asia-Pacific is the fastest
growing segment due to the constant push by
Government bodies for adoption of micro
irrigation systems. The market share of
Asia-Pacific is expected to boost from 344.5
million in 2010 to 1,062.5 million by 2016, at
an estimated CAGR of 21.5 from 2011 to
2016.Some of the major drivers of the industry
identified in this report are cost effectiveness
of micro irrigation systems with fertigation and
chemigation, economic and social benefits with
water savings, and increasing demand of food from
growing population, and water scarcity while
major restraint is high initial and maintenance
cost of micro irrigation systems.
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