The Global Irrigation System market is projected to grow at a CAGR of XX.XX% to reach US$XX.XX billion in 2024 from USXX.XX billion in 2018. Irrigation Systems refer to the equipment and systems used to supply water in agricultural lands for growth of crops. The demand for irrigation systems is expected to increase on account of the rising adoption of these systems in farmlands owing to their precision property. Further, technological advancements like advent of smart irrigation systems is anticipated to widen up the growth opportunities for the irrigation system market in the upcoming years. The market has been segmented on the basis of type, components and geography. In the type segment, drip irrigation systems are estimated to hold a significant share owing to the rising adoption and less water wastage property as compared to the other systems. Geographically, Asia Pacific is projected to be a substantial share holder in the market on account of the huge agricultural industry in countries like India and China along with rising government support for modernization of the agricultural sector.
Government support towards modern agriculture techniques.
Rising adoption of practices focusing on water waste reduction.
High investment cost.
In February 2019, Rivulis Irrigation expanded its business in Mexico by opening a new factory in Leon.
In November 2017, Metzer launched a new production plant in Mexico with an aim to supply drip irrigation technology to Mexican farmers.
In February 2017, Rivulis Irrigation and Eurodrip S.A entered into a merger to become a leader in irrigation solutions.
Major industry players profiled as part of the report are Netafim Limited, Deere & Company, EPC Irrigation Limited, The Toro Company, Lindsay Corporation, Valmont Industries Inc., Rivulis Irrigation, and Nelson Irrigation Corporation among others.
The Irrigation System market has been analyzed through the following segments:
Middle East and Africa