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Rising Government Funding And Shrinking Ground Water Sources Have Fueled The Demand Of Micro Irrigation System Market In The Major Crop Producing Countries



Government initiatives and funding for both manufacturers and buyers, economic and social advantages of micro irrigation systems, and rising consumers awareness in emerging countries has heavily contributed to the growth of the global micro irrigation system market in the recent years. However, the market penetration in developing countries is still below its full potential. Lack of skilled workforce, high initial cost, and high maintenance cost of micro irrigation system, is expected to curb the growth of the market to some extent, particularly in the cost sensitive developing countries.
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.North America was the largest market of the micro irrigation system in 2014. The market dominance of North America is attributed to growing acceptance of center pivot sprinkler, and the lateral move irrigation systems and farmer’s awareness to cost and productivity benefits from the micro irrigation system. Asia-pacific was the second largest and the fastest growing micro-irrigation market in 2014. The rising government funding and shrinking ground water sources have fueled the demand of micro irrigation system in the major crop producing countries, such as India and China. Moreover, the urbanization and development of sporting infrastructure in the water deficient Middle East region, has also benefited the micro irrigation system market in recent years.
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The global micro Irrigation system is highly competitive with the presence of few large players and large number of regional small players. Moreover, the government supports for the local manufacturers in developing countries such as India and China have increased the competition in the market. Some of the competitors in the global micro irrigation systems market are Valmont Industries, Jain Irrigation Systems Limited, Rivulis Irrigation, Nelson Irrigation Corporation, Rain Bird Corporation, The Toro Company, Lindsay Corporation, EPC Industries Limited, Netafim Limited, T-L Irrigation, and Deere & Comp ...

News Release: Rising Government Funding And Shrinking Ground Water Sources Have Fueled The Demand Of Micro Irrigation System Market In The Major Crop Producing Countries
Submitted on: September 06, 2017 08:57:10 AM
Submitted by: birendra kumar
On behalf of: https://www.psmarketresearch.com/market-analysis/micro-irrigation-systems-market
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