Global Micro Irrigation Systems Market | Growth, Analysis

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The Global Micro Irrigation Systems Market at
CAGR of 16.68 by 2028
Triton Market Research presents the Global
Micro Irrigation Systems Market segmented by
Type of Crops (Plantation Crops, Orchard Crops,
Field Crops, Others Forage Grasses), Product
(Drip Irrigation, Sprinklers), and by Geography
(Asia-Pacific, Middle East and Africa, Latin
America, North America, Europe). The report
further discusses the Market Summary, Industry
Outlook, Market Definition, Impact of COVID-19,
Porters Five Forces Analysis, Vendor Scorecard,
Market Attractiveness Index, Market
Attractiveness Index, Key Impact Analysis, Key
Market Strategies, Drivers, Restraints,
Opportunities, Competitive Landscape, Methodology
Scope, Global Market Size, Forecasts Analysis
(2021-2028). Tritons report depicts that the
global micro irrigation systems market is
predicted to progress in revenue at 16.68 of
CAGR during the evaluated phase of 2021-2028.
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quest-free-sample Micro irrigation refers to
regular and direct application of small
quantities of water to the soil surface. This
method is needed to improve agricultural
productivity and generate higher income. Here,
micro
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irrigation systems are low or medium pressure
systems that help distribute water through
sprinklers, spray, and jet. The growing demand
from nursery and commercial gardens, along with
favorable government initiatives, are opening
multiple avenues for the micro irrigation systems
market. For instance, micro irrigation techniques
primarily help offer efficient systems with low
operating pressure, while also reducing water
wastage in a nursery. These systems are gaining
significant traction as they are considered to be
better compared to other traditional systems.
However, the high cost of micro irrigation
systems and concerns pertaining to
over-irrigation and clogging, are hampering the
overall development of the studied market over
the forecast period. Asia-Pacific holds the
largest market share for the micro irrigation
systems market, and is anticipated to continue
dominating the market till 2028. The growing
cultivation of plantation crops mainly motivates
the adoption of micro irrigation systems,
including central pivots, to ensure efficient
water supply over a large field. Moreover, the
surging trend of small-scale agricultural
facilities in rural areas is another factor
likely to boost the demand for micro irrigation
solutions, such as sprinkles and drip
irrigation. Above all, the rising number of
government initiatives are also estimated to
stimulate the need for these systems. Hence, as
mentioned above, these factors are mainly
supplementing the micro irrigation systems market
across the APAC region. The key companies
striving in the micro irrigation systems market
are Deere Company, Nelson Irrigation
Corporation, Lindsay Corporation, Valmont
Industries Inc, Metzer, Irritec SpA, Agrodrip SA,
Netafim Ltd, Teco Srl, Toro Company, Dayu
Irrigation Group Co Ltd, Jain Irrigation Systems
Ltd (JISL), Mahindra EPC Irrigation Limited,
Harvel Agua India Private Limited, Elgo
Irrigation Ltd, Antelco Pty Ltd, T- L Irrigation
Co, Irrigation Water Technologies (IWT),
Rivulis Irrigation, Hunter Industries, and Rain
Bird Corporation. Due to less brand popularity
and favorable government policies, the threat of
new entrants is high in the studied market. For
instance, governments across regions are
encouraging farmers to implement micro irrigation
systems by offering necessary subsidies.
Simultaneously, the presence of several market
players and trivial brand loyalty have
significantly increased the rivalry among the
existing players. Hence, the threat of new
entrants and competition among current players
are expected to remain at a higher level over the
projected phase.
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