Micro Irrigation Systems Market – Aiding profits

Micro Irrigation Systems Market – Aiding profits

The process and mechanism of delivery of water to the soil through the use of small devices is what encompasses the system of Micro Irrigation. These primarily include medium or low-pressure systems of irrigation which supply water in the form of sprinkle, mist, spray, or in the form of drip. This method leads to higher efficiency of water use while also resulting in the adequate irrigation of crops.

The major cited advantage of micro irrigation is the problem of resolving the issues of water scarcity in agriculture, specifically in areas which are draught prone. The natural resource of water is already under tremendous pressure facing over use by the overpopulated planet and also wastage. Therefore, a utilitarian and innovative technique such as micro irrigation helps in the cause of water preservation and also yields profit.

Other major factor driving the adoption of micro irrigation systems is the uncertain pattern of rainfall all around the planet. The fact is that the majority of developing countries still rely on rainfall for the purposes of farming and agriculture, and the increasing unpredictability of rainfall is a big restraint on the potentials of these markets. The technique of micro irrigation can help them in the same.

Furthermore, the growing awareness and legislation by governments to promote methods which are environment friendly and prevent water wastage, act as major factors for the growth of the market. Also, there is a requirement for safe methods of disposal of waste water, and the application of micro irrigation systems in this matter is proving to be easier and more economical than the traditionally used methods.

Micro Irrigation Market restrained by the high cost of installation

The use of micro irrigation systems is proving to be a boon for farmers who are constantly hampered by the issues of availability of water. The requirement to reduce the dependency on rains, the increasing scarcity of water for agricultural purposes and the rise in farming of energy crops are the major factors which are contributing to the fast growth of the market. Drip irrigation and the sprinkler systems are the two major arms of the micro irrigation systems market.

However, there are some constraints which are faced by market. These include the need for continual maintenance & inspection, and the high costs of installation of these devices. It is approximated that it costs about USD 1700 to USD 3400 in the initial costs of the installation of sprinklers. This cost if multiplied in large applications in areas like sports fields and parks.

In the case of the installation of drip irrigation system, it costs anywhere between USD 600 to USD 1200 or even higher per acre. These are costs apart from the regular maintenance and inspection that will be required and which attract further costs. There are also costs associated with leaks which also pay their contribution in maintenance costs. Also, both drip irrigation and sprinkler systems require a large amount of supply of power.

Considering the above factors and the major demand from Asia-Pacific, it is no rocket science to spot the resulting constraint the market is facing in terms of the growth potential it has in these regions. This can be overcome by the innovation of devices which require lower maintenance and are more efficient energy wise.

Micro Irrigation System Highest in Field Crops

The major use of micro irrigation systems is in the cultivation of crops, which include plantation crops, field crops, forage, orchards, and turfs. Micro irrigation systems are coming up as an effective solution to the problems of costs and water scarcity.

The major of field crops is held by crops which include maize, rice, sorghum, and cotton, which are cultivated all through the year and require a lot of rainfall. However, with increasing water scarcity and supportive government policies, micro irrigation systems are being increasingly adopted.

Further, plantation crops include major crops such as cocoa, banana, coffee, sugarcane, rubber, coconut, and tea. The market of these crops is evergreen and ever growing. The application of micro irrigation systems in this segment has resulted in reduced labor costs, quality improvement and decrease in the growth of weed.

U.S, North America lead the Global Micro Irrigation Systems Market

The Global Micro Irrigation Systems Market was worth $3.84 billion in 2016 and estimated to be growing at a CAGR of 17.80%, to reach $8.71 billion by 2021. With a shortage of land and water, growing importance is being put on the support of advanced technologies that can help enhance crop output.

On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America leads the global Micro Irrigation Systems market followed by Asia Pacific and Europe. Developing countries in the Asia Pacific and Latin America regions are expected to experience severe water shortage in the near future due to mounting water demand for household, trade and industrial uses. These regions are expected to observe sharp demand for such technologies and are anticipated to be the key demand centers.

The industry is highly disjointed with several small, medium and large scale players. Companies are funding R&D projects and building collaborations to achieve a stronger position in the market by boosting their product portfolio. The major companies dominating the global Micro Irrigation Systems market are Jain Irrigation Systems Ltd., Lindsay Corporation, Nelson Irrigation Corporation, The Toro Company, EPC Industries Limited, Valmont Industries Inc., and T-L Irrigation.

Check out Market Data Forecast’s comprehensive reports with in-depth analysis about the Micro Irrigation Systems Market a free research sample can also be availed. Stay tuned for trending news stories about the latest technologies and interesting Agriculture tit-bits.

 
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