Irrigation is the process of providing water to dry land for crop cultivation.The micro irrigation process is of supplying water at frequent intervals above and below the soil’s surface. This method is widely used as discrete drops, and continuous drops formats that can be delivered through water delivery line. Increase in demand for the food and agriculture products and rise in water supply and storage problem are the two dominating factors driving the micro irrigation system market. According to Vital Signs 2010, Out of the 40% of global harvesting land worldwide, only 20% is irrigated due to seasonal changes. Government policies are supporting the commercial applications of micro irrigation system and also regulating the water supply and landscape irrigation. The increase in awareness for advance agricultural technologies is promoting the micro irrigation system equipment manufacturers to increase their expenses over research to develop novel technologies.
The higher initial investment and high maintenance cost required in the micro irrigation system are acting as restrains, which are hindering the growth of the market. Micro irrigation system is not a feasible option for the farmer having less area of cultivation. However, increase in investment for research from the companies is expected to reduce the impact of these restraints. The companies are developing cost effective equipment for this market.
The micro irrigation market is facing challenges from the high cost of equipment and narrow level of commercialization in developing economies. However, it is expected to decrease the impact of restraints in this market. Companies are targeting developing economies to gain competitive advantage. This report provide an in depth intelligence on key developmental strategies adopted by the companies engaged in this industry.
Key companies included in the reports are Nelson Irrigation Corporation, Netafim Limited, Epc Industries, Jain Irrigation Systems Ltd., T-L Irrigation Co., The Toro Company, Valmont Industries, Inc., Deere & Company, Lindsay Corporation, and Rain Bird Corporation
KEY MARKET SEGMENTS
BY IRRIGATION TYPES
BY CROP TYPES