Micro irrigation systems provide water to the crop at the frequent interval to the surface of the soil. They are basically low- or medium-pressure a system that provides water in the form of spray, drip, and sprinkles. Micro-irrigation systems is an efficient solution as compared to conventional irrigation system. They are gaining huge demand due to growing concern over water scarcity.
The global Micro irrigation systems market is estimated to account for US$ 5,687.5 Mn in terms of value by the end of 2019.
The economic and social benefits of water savings are projected to propel the market growth of the micro irrigation systems. Lack of arable land and growing need to optimize water in an effective way are again contributing to the market growth of micro irrigation systems. Moreover, the cost-effectiveness of micro-irrigation system coupled with the rising use of micro-irrigation system across most populated economies are further projected to propel the market growth over the forecast period.
The increasing scope of micro irrigation systems in the non-agriculture sector such as nurseries and landscaping for residential and the commercial sector is projected to bring new market opportunities. Moreover, the growing water bill is encouraging homeowners, renters, and commercial property owners to adopt an advanced irrigation system for supporting landscaping projects. Furthermore, advantage such as ability to support all types of land terrain is further projected to foster the market growth of micro irrigation systems over the forecast period.
The short lifespan of the plastic products used in the micro irrigation systems is expected to restrict the market growth. Components such as backflow preventers, tubing, and valves are mostly made up of plastic and direct exposure of sunlight cause damage to this plastic products. This factor is expected to hinder the market growth of micro irrigation systems.
On the basis of region, Asia Pacific region dominated the global micro irrigation sytems market in 2019 with a 31.7% of market share in terms of value, followed by North America and Europe respectively.
On the basis of type, sprinkle segment dominated the global micro irrigation systems market in 2019 with a 46.8% of market share in terms of value, followed by drip and dcenter-pivot respectively.
Governments of various countries are offering subsidies of up to 50% for small farmers on the price of irrigation systems. Also, in India some state governments (Andhra Pradesh) offer subsidies of around 90% on the price of irrigation systems. This is one of the growing trend in the industry. Moreover, the growing use of drip irrigation in chemigation and fertigation is further anticipated to foster the market growth of micro irrigation systems.
Advancement in technology by key players in the micro-irrigation system is a major trend in the market. For instance, in August 2019, Rivulis Irrigation India, which is part of the global micro irrigation firm Rivulis Israel announced the launch of Manna, a satellite-based software solution for irrigation in the country. Manna Irrigation Intelligence provide site-specific irrigation advice or suggestions at the touch of a button. It is based on proprietary satellite models & sensor-free approach, offer growers with a high-resolution, integrated view of the entire farm.
Global Micro Irrigation Systems Market - Impact of Coronavirus (Covid-19) Pandemic
The coronavirus outbreak is expected to increase the demand for agricultural products across the globe as consumers due to the pandemic and lockdown situations are panic buying the essential commodities including the agricultural products. Moreover, government across nations are supporting the farmers with the launch of a number of initiatives to leverage the process of recovery as well as enhanced farmer welfare. The aforesaid said reasons are key factors contributing to the growth of the micro irrigation systems market.
Few Recent Developments
By Crop Type