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The Global Micro Irrigation Systems market is expected to grow from USD 3923.0 million in 2017 and estimated to grow up to USD 14867.8 million by 2025, at 18.12% CAGR during 20172025. The base year considered for the study is 2016 and the forecast period is between 2017 and 2025. Rising awareness regarding the importance of irrigation system and its usefulness in waste water utilization, fresh water conservation, increased demand from nursery and commercial gardens, are the major factors for the increasing adoption of MIS.
The market is segmented by type on the basis of microsprinklers, micro bubblers, drippers and drip tubing. It is also segmented by application on the basis of fields, forage and turf grass, orchard crops and plantation. Changing attitude of farmers, high initial set up costs are restricting the growth of the market. Waste water utilization and fresh water conservation are the new developments that act as opportunities for the micro irrigation systems market. Over irrigation, clogging issues and trouble in discovering issues related to micro irrigation system are some of the challenges faced by the micro irrigation systems market.
North America is the global leader in the Micro Irrigation Systems market withholding, 34.10% revenue share of the global market. The MIS market in North America is growing steadily. Agriculture is a major user of ground and surface water in the region, accounting for about 80 percent of consumable water. Thus, the need of efficient irrigation systems and water management practices to help in maintaining farm profitability in an era of increasingly limited and costly water supplies is rising. In turn, propelling the demand of North American MIS market. AsiaPacific is the fastest growing MIS market with CAGR 23.55% for the forecast period of 20172025. China and India are among the world's top agricultural producers, having 2.5 billion citizens to feed: nearly a third of humanity. As such, they are not likely to add materially to international food supplies. Fourfifths of China's grain harvest and close to threefifths of India's comes from irrigated land. With the economies like China, India, which has agriculture as their backbone, it is foreseen that Asia Pacific will command the market soon.
The market is majorly dominated by companies such as Rain bird corp. U.S, Jain irrigation system, The Toro Company, Irrigation and water technologies and others.
1. JAIN IRRIGATION SYSTEM LIMITED JISL
2. TORO COMPANY
3. NETAFIM LIMITED
4. NAUGRA EXPORT
5. TIRUPATI STRUCTURALS LIMITED
6. HARSO STEELS PVT. LTD.
7. APOLLO PIPES LIMITED
8. KISAN GROUP OF COMPANIES
9. CAPTAIN POLYPLAST LTD.
10. RIVULIS IRRIGATION
11. IRRIGATION WATER TECHNOLOGIES IWT
12. PARAS DRIP IRRIGATION
13. KSNM MARKETING
14. SHARAN POLYPLAST
15. LINDSAY CORPORATION
16. NELSON IRRIGATION CORPORATION
17. VALMONT INDUSTRIES
18. RAIN BIRD CORPORATION
19. TL IRRIGATION
20. CHAITRA IRRIGATION
21. SREE VIJETHA IRRIGATION PVT. LTD.
24. FINOLEX PLASSON INDUSTRIES
25. EPC INDUSTRIES LIMITED
26. PREMIUM IRRIGATION
27. IRRITOL SYSTEMS
28. ROOTED IN HOPE
29. DAYU CONSERVING WATER
30. LINYI DOGLI PLASTICS
31. HUNTER INDUSTRIES INC
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