Irrigation Equipment Market Growth, Forecast 2023
Irrigation Equipment Market - Segmented By Product, Crop Type, End Users, And Region - Global Growth, Trends, And Forecast -2023
(EMAILWIRE.COM, October 11, 2018 ) The provision of water to crops or plants in controlled amounts at regular intervals is called irrigation. It is especially used in times of inadequate rainfall. Due to the irregular climate changes and unseasonal rainfalls, farmers have become increasingly dependent on irrigation to provide water to crops.
Irrigation equipment is very useful in this situation. Different types of irrigation systems such as sprinkler and drip irrigation are increasingly adopted in the farming and landscaping. Each type of irrigation systems require different types of equipment and have different purposes. Automated irrigation systems are available in recent days greatly reducing the manual effort and also decreasing the consumption of resources.
Irrigation Equipment Market was worth USD xx million in 2018 and is projected to grow at a CAGR of xx%, to reach USD xx million by 2023.
Increasing scarcity of water and energy resources has increased the demand for controlled irrigation systems which provide effective distribution of resources, in turn, increasing the demand for irrigation equipment. Growing sophistication of irrigation equipment, government initiatives in the form of subsidies to increase the reach of the equipment and rise in the food demand are driving the market growth. However, lack of awareness among farmers in developed countries and high initial investments required to install the equipment are hindering the market growth.
The Irrigation Equipment market is segmented by product, crop type, end users, and region. By product, the market is categorized into Flow Meters, Valves, Injectors, Filters, Pressure Pumps, Emitters, Center Pivots, Sprinklers, and Others. Center pivot equipment holds the largest market share due to the high demand for them in large-scale farming. By crop type, the market is categorized into Fruits and Vegetables, Cereals and Grains, Oilseeds and Others. Fruits and vegetable crops segment holds the largest market share. It is because of the increasing greenhouse and horticulture practices for food and vegetables and also these crops consume more water than other types of crops. By end users, the market is categorized into Agriculture, Landscape, Mining, and Others. Applications of irrigation equipment in agriculture are very high and hence agriculture segment leads the end users market.
On the basis of region, the Global Irrigation Equipment market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America leads the irrigation equipment market due to the high awareness and high adoption rate of the latest equipment in this region. Asia Pacific is expected to be the fastest growing market due to the increasing efforts of the governments to bring the equipment to the farmers and presence of largely agricultural land.
Some of the major players in Irrigation Equipment market are Netafim, Rivulis Irrigation, Jain Irrigation Systems, Rain Bird, Eurodrip, The Toro Company, Hunter Industries, Nelson Irrigation, Valmont Industries and T-L Irrigation Co.
Irrigation equipment is very useful in this situation. Different types of irrigation systems such as sprinkler and drip irrigation are increasingly adopted in the farming and landscaping. Each type of irrigation systems require different types of equipment and have different purposes. Automated irrigation systems are available in recent days greatly reducing the manual effort and also decreasing the consumption of resources.
Irrigation Equipment Market was worth USD xx million in 2018 and is projected to grow at a CAGR of xx%, to reach USD xx million by 2023.
Increasing scarcity of water and energy resources has increased the demand for controlled irrigation systems which provide effective distribution of resources, in turn, increasing the demand for irrigation equipment. Growing sophistication of irrigation equipment, government initiatives in the form of subsidies to increase the reach of the equipment and rise in the food demand are driving the market growth. However, lack of awareness among farmers in developed countries and high initial investments required to install the equipment are hindering the market growth.
The Irrigation Equipment market is segmented by product, crop type, end users, and region. By product, the market is categorized into Flow Meters, Valves, Injectors, Filters, Pressure Pumps, Emitters, Center Pivots, Sprinklers, and Others. Center pivot equipment holds the largest market share due to the high demand for them in large-scale farming. By crop type, the market is categorized into Fruits and Vegetables, Cereals and Grains, Oilseeds and Others. Fruits and vegetable crops segment holds the largest market share. It is because of the increasing greenhouse and horticulture practices for food and vegetables and also these crops consume more water than other types of crops. By end users, the market is categorized into Agriculture, Landscape, Mining, and Others. Applications of irrigation equipment in agriculture are very high and hence agriculture segment leads the end users market.
On the basis of region, the Global Irrigation Equipment market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America leads the irrigation equipment market due to the high awareness and high adoption rate of the latest equipment in this region. Asia Pacific is expected to be the fastest growing market due to the increasing efforts of the governments to bring the equipment to the farmers and presence of largely agricultural land.
Some of the major players in Irrigation Equipment market are Netafim, Rivulis Irrigation, Jain Irrigation Systems, Rain Bird, Eurodrip, The Toro Company, Hunter Industries, Nelson Irrigation, Valmont Industries and T-L Irrigation Co.
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +9118887029626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +9118887029626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results