(Entertainment-NewsWire.com, February 28, 2017 ) According to the report “Micro Irrigation Systems Market ", published by Market Data Forecast, the North America market is projected to reach USD 2.52 billion by 2021, at a CAGR of 16.44% from 2016 to 2021.
Micro irrigation refers to frequent application of limited amount of water above and below the soil surface. They are usually low or medium-pressure systems that distribute water in the form of mist, sprinkles, drip, spray, and jet. With the impeding dangers of water scarcity, micro irrigation systems prove to be an advanced and effective solution as compared to the traditional irrigation methods.
The growth of the North America Micro Irrigation Systems market is majorly due to factors such as depleting water levels, Favourable regulatory outline and government programmes. Negligible soil erosion, low weed growth and trouble-free fertigation implementation are some of the additional benefits associated with Micro Irrigation Systems. However, factors such as high initial investment and high maintenance requirement are impeding the growth of the market in this region. This industry also lacks proper supervising agency and guidelines, thereby neglecting product manufacturing operations, which could result in product duplication.
The Micro Irrigation Systems market is segmented as follows:
Based on Type: Drip Irrigation System -Backflow Preventers -Filters -Drip Tube -Valves -Pressure Regulators -Emitters
Sprinkler Irrigation System -Tubing -Sprinkler Heads -Pumping Unit -Couplers
Fittings and Accessories -Central Pivot Irrigation System -Pipelines -System control towers -Water Emitters -Central Towers -Lateral move Irrigation System
Based on End User: -Farmers -Industrial Users -Others
Based on Application: -Plantation Crops -Orchard Crops & Vineyards -Field Crops -Forage & Turf Grasses -Others
Geographical Segmentation -United States -Canada
The major companies dominating the 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.
The North America Micro Irrigation Systems Market study offers the following deliverables:
•Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
•Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
•Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
•Study of the effect of exogenous and endogenous factors that affect the North America market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
•Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
•A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
•Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
•An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
•Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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