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NEWARK, Del. , Aug. 16, 2022 /PRNewswire/ -- The micro irrigation systems market is anticipated to showcase an opulent growth rate of more than 13% CAGR through the end of 2031. Owing to the growing need for food all around the world is generating demand for advanced irrigation technologies. In addition to that, the surging demand for water conservation, that too in arid geographical regions is anticipated to create a positive environment for growth in the industry.
The surging environmental need to conserve water, cut down the erosion of soil, increasing crop yields without needing excess water is driving the micro irrigation systems demand. Along with it, the technological advancements regarding water flow and high performance data analytics are expected to bolster the adoption of micro irrigation systems among small-scale farmers and larger corporate farming endeavors.
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ESOMAR-certified market analysis and consulting company Future Market Insights (FMI) delivers insights into key factors providing impetus to the micro irrigation systems market in its latest report. Furthermore, an evaluation of the effect of the COVID-19 pandemic on the micro irrigation systems market, and an analysis of sales in 20+ high-growth markets and end-use applications have been provided in the report.
This research report categorizes the micro irrigation systems market based on type, end user, crop type, and region.
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Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Rain Bird Corporation, Hunter Industries, Valmont Industries, Rivulis Irrigation Ltd., Lindsay Corporation, Reinke Manufacturing Company Inc., EPC Industries Ltd., T-L Irrigation, Elgo irrigation, Sistema Azud SA, Nelson Irrigation Corporation, Chinadrip Irrigation Equipment Co. Ltd., Kisan Irrigation Ltd., Finolex Plasson Industries Pvt. Ltd., Ripple Aquaplast, Irritrol, Eurodrip SA. (Indicative list) are some of the key companies profiled in the full version of the report.
Major players in the moderately fragmented micro irrigation systems market are focused on strategies involving portfolio expansions with investments into research and development efforts in addition to tapping into unexplored opportunities in emerging markets. Collaborations with regional players are also likely to find the interest of market leaders.
More Insights into Micro Irrigation Systems Market
According to the United States Geographical Survey, water scarcity is massively growing due to which agricultural demands for water in the country have been ever expanding. As a result, the use of groundwater for irrigation has gone up and accounts for close to 50% of the overall agriculture water use in the country.
The United States comprises of the key players in Micro Irrigation Systems Market because of easy access to technology and meticulous research and development on irrigation technologies is expected to drive demand for the foreseeable future.
According to the China Institute of Water Resources and Hydropower Research, micro irrigation has been widely used for commercial purposes in China since the late 90s. The acreage under micro irrigation in China has risen at an annual rate of approximately 27% in the past decade covering more than 5.2 million hectares, accounting for 8% of the irrigated area in the country.
The Indian micro irrigation systems market is competitive with the presence of more than 200 companies of both large and small scale manufacturers and distributors in the country. According to the Indian Council of Food and Agriculture, the growth of micro irrigation in India has risen strongly with a CAGR of 9.6%, accounting for an acreage of 7.73 million hectares.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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