Micro Irrigation System Market Growth, Share, Rising Trends, Industry Demand, Revenue, Challenges, Business Opportunities and Forecast Research Report till 2023-2033: SPER Market Research
A micro irrigation system is a contemporary irrigation technique that facilitates the application of small amounts of water to the land’s surface. It is dependent on emitters, drippers, sprinklers, and foggers positioned along a water supply line. It is a simple fertigation and chemigation technique suitable for all kinds of soil. It is becoming more popular than traditional sprinkler systems because it improves agricultural output, prepares the field, and lowers labour expenses. By precisely managing water, these systems not only make sure that water is used as efficiently as possible but also boost crop output and farmer income. Micro irrigation methods are perfect for crops that require a lot of water, such cotton, bananas, and sugarcane.
According to SPER market research, ‘Micro Irrigation System Market Size- By Mechanism, By Component, By End User, By Cultivation Technology, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Global Micro Irrigation System Market is predicted to reach USD 28.41 billion by 2033 with a CAGR of 9.8%.
There are several factors which are contributing in the growth of micro-irrigation system industry. Micro-irrigation technologies effectively meet the growing need for agricultural productivity brought on by population growth and skyrocketing food prices. Concerns about water shortages and the growing expense of conventional irrigation are other important factors. The market is further supported by government intervention in the form of subsidies and financial incentives that encourage farmer adoption. As technology develops, these systems become more effective and user-friendly, which encourages widespread usage. Furthermore, the market is fueled by emerging countries’ replication of micro-irrigation techniques for resource-intensive commodities like fruits and vegetables. The future of the micro irrigation system market is essentially positive due to a combination of factors including growing demand, effective water management, financial gains, and technical improvements.
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There are several challenges which are being faced by the industry, out of which key factors hampering the growth of micro irrigation system market is high implementation cost and farmers will initially only be interested in making small expenditures in this field because the micro-irrigation industry requires a considerable investment. To reiterate, farmers’ knowledge of the micro-irrigation sector still has a lot to improve. Furthermore, the micro-irrigation method is inappropriate for small-scale cultivation, small places, or individual use. Aside from this, the lengthy security clearance process and poor administration of micro-irrigation systems make many national governments reluctant to fund projects utilizing them.
Impact of COVID-19 on Global Micro Irrigation System Market
Due to labour shortages and disruptions in the supply chain, COVID-19 first caused havoc in the micro-irrigation sector. The epidemic brought attention to the significance of water-saving devices for farmers with limited resources, even though the initial price of investment remained a barrier. The market is anticipated to rise above pre-pandemic levels thanks to government assistance and rising public awareness of micro-irrigation’s long-term advantages, paving the way for a resilient and sustainable future powered by effective water management.
Because of its very diversified farming industry, North America is one of the top regions for micro irrigation systems. Because of the stringent laws pertaining to water loss and the growing need for orchard crops for the expanding food processing sector, North America is predicted to maintain its market dominance in the upcoming years. Because North America is leading the world in micro-irrigation systems, the terrain in the United States and Canada is more suited for them.
Micro Irrigation System Market Key Players:
The prominent industry players are Hunter Industries, Jain Irrigation Systems Ltd., Lindsay Corporation, Mahindra EPC Irrigation Ltd., and many others.
Global Micro Irrigation System Market Segmentation:
By Mechanism: Based on the Mechanism, Global Micro Irrigation System Market is segmented as; Drip Irrigation Systems, Sprinkler Irrigation Systems, Other Micro-irrigation Systems.
By Component: Based on the Component, Global Micro Irrigation System Market is segmented as; Drip Irrigation Components, Sprinkler Irrigation Components.
By End User: Based on the End User, Global Micro Irrigation System Market is segmented as; Farmers, Industrial users, Others.
By Cultivation Technology: Based on the Cultivation Technology, Global Micro Irrigation System Market is segmented as; Open Field, Protected Cultivation.
By Application: Based on the Application, Global Micro Irrigation System Market is segmented as; Field Crops, Orchards and Vineyards, Vegetables, Plantation Crops, Other Applications.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Micro Irrigation System Market Demand
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