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Home>Global $1.4 Bn Drip Irrigation Systems Market to 2025 - Research and Markets

Global $1.4 Bn Drip Irrigation Systems Market to 2025 - Research and Markets

Global $1.4 Bn Drip Irrigation Systems Market to 2025 - Research and Markets

09/29/2017

Global $1.4 Bn Drip Irrigation Systems Market to 2025 - Research and Markets

The "Global Drip Irrigation Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 - 2025" report has been added to Research and Markets' offering.

The global drip irrigation systems market stood at US$ 1472.35 Mn in 2017 and is estimated to expand with a CAGR of 12.5% from 2017 - 2025.

Despite the prolonged existence of drip irrigation systems, the overall penetration of drip irrigation systems is currently low. This is majorly due to dominance of other irrigation methods such as sprinkler systems and traditional irrigation techniques. In addition, drip irrigation systems market is significantly hampered by their high costs and maintenance requirement. Also, less awareness of people and reluctance to change is another important restraint for the market.

The drip irrigation systems market, as of 2014, is dominated by the agriculture segment. Due to rising population worldwide, there has been a consistent need for increasing agricultural yield. As a result, governments of various countries are offering subsidies on installation of modern irrigation systems. Hence, the segment is expected to retain its dominant position in the market throughout the forecast period. However, the other segment is expected to register the highest CAGR during the forecast period. The other segment comprises greenhouses and nurseries.

Competitive Insights

The market is highly consolidated in nature with few major players contributing to more than fifty percent of the total market revenue. However, companies face significant competition from the local/regional players. Some of the major companies operating in the drip irrigation systems market are Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Hunter Industries, Inc., Lindsay Corporation and others.

Key Trends:

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