October 08, 2020
According to the report titled ‘Global Irrigation Systems Market Size study, by Product (Sprinkler systems, Drip Irrigation Systems) by Application (Orchard Crops, Field Crops, Plantation Crops, Forage and Grasses) and Regional Forecasts 2020-2027’, available with Market Study Report, global irrigation systems market is expected to record substantial growth during 2020-2027.
Surging demand for better quality crops with high yield, along with increasing water scarcity concerns are key factors driving the growth of global irrigation systems market.
Notably, irrigation system provides the supply of water for crop cultivation on dehydrated land. The method of micro-irrigation ensures water supply above and below the soil surface at recurring intervals. Irrigation systems are medium or low-pressure structures that distribute water in form of jet, drip, mist, spray, and sprinkles.
According to the United Nations, global water crisis is a rising challenge that will lead to at least 1 in 4 people living in a nation affected by chronic or recurrent freshwater shortages, with 2.1 billion people living in their homes without clean drinking water as of 2018. Growing water crisis around the world is therefore propelling different methods to conserve and use water effectively, stimulating global irrigation systems market trends.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2706228/
Moreover, escalating demand for food due to growing population is impelling global irrigation systems market size, as these systems help increase crop yield and food productivity. Supportive government rules and policies for farmers as well as use of adequate irrigation systems will also contribute to the overall market growth.
However, hefty implementation cost associated with these systems is likely to act as a restraining factor for global irrigation systems industry landscape over the analysis period.
Based on product, worldwide irrigation systems market is divided into drip irrigation systems and sprinkler systems. Speaking of application spectrum, the industry is bifurcated into forage & grasses, plantation crops, field crops, and orchard crops.
Citing regional landscape, worldwide irrigation systems market is segmented into Latin America, Europe, North America, Asia Pacific, and Rest of the World. The report states that Asia Pacific currently holds considerable share of the overall market and is expected to expand further over the assessment period. The regional growth is credited to presence of leading irrigation system manufacturers in China. Agriculture-based countries like India, rising customer cognizance, and growing population will foster the demand for irrigation systems in APAC.
Major players impacting global irrigation systems market trends are Chinadrip Irrigation Equipment (Xiamen) Co. Ltd., Harvel Agua India Private Limited, The Toro Company, Rain Bird Corporation, Netafim Ltd., Nelson Irrigation Corporation, EPC Industries Ltd., Lindsay Corporation, Jain Irrigation Systems Ltd., and Deere & Company.