Drip Irrigation Systems Market | Trends and Forecast 2024Posted by Prashanth on October 11th, 2019 Market Overview: The world market for Drip Irrigation Systems was amounted US$ 3145.1 million in 2019 and is predicted to grow at a compound annual growth rate of 10.81% to reach US$ 5253.6 million by 2024. The drip irrigation system saves fertilizers and water, allowing water to drip slowly at the roots of different plants, either on the soil surface or directly in the root zone, through a system of filters, valves, pipes, tubes and transmitters. Water is dispersed over the field by parallel pipes and connected to stationary pipes inserted in the pipeline at equivalent intervals. Then, the best technique used to apply water to gardens, landscapes and orchards is drip irrigation. The reason behind the use of this kind of irrigation system is that soil moisture remains stable. Market Drivers and Restraints: The growing demand for agricultural products due to the increasing population, the reduction of water waste, the increase in technological progress in irrigation facilities and state subsidies in several countries are factors that drive market growth. The high cost of investment and lack of adequate knowledge are the market constraints. By Crop Type:
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Geographical Analysis: On the basis of geography, the global marketplace is examined under various counties, namely North America, Europe, Asia-Pacific, and Middle East and Africa. The Asia-Pacific has the largest share of the market followed by North America and Europe. Developing markets in the Asia-Pacific region such as China, India are expected to augment with the use of modern farming approaches. Important Market Players: The marketplace of drip irrigation is subjugated by some important market companies like Netafim Limited, Jain Irrigation System Limited, Lindsay Corporation, The Toro Company, Eurodrip S.A, EPC Industries Limited, Rain Bird Corporation, Rivulus Irrigation, and Driptech Incorporated. The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/ Like it? Share it! More by this author |