Drip irrigation are high water efficiency irrigation systems designed to apply water near the roots of plants. The water is distributed across the field using lateral tubing and applied through drippers installed on the tubing at equal intervals. The drip irrigation systems market is largely driven by the superior water efficiency over other irrigation techniques. Accurate water application results in better agricultural production with minimal water loss. Due to rising water scarcity issues worldwide, the adoption of drip irrigation systems is expected to rise substantially in the coming years. Nevertheless, major restraint for the market is less awareness among the people coupled with the high installation cost. The global drip irrigation systems market stood at US$ 1,070.8 Mn in 2014. The market is estimated to expand with a CAGR of 12.5% during the forecast period from 2015 to 2023.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Global Drip Irrigation Systems Market- Growth, Share, Opportunities and Competitive Analysis, 2015 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global drip irrigation systems industry.
Target Audience
USPs and Key Offerings
The report titled “Global Drip Irrigation Systems Market- Growth, Share, Opportunities and Competitive Analysis, 2015 – 2023” offers strategic insights into the global drip irrigation systems market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on components, applications and cross-sectional study across different geographies. The market revenue for agriculture segment has been evaluated including large corporate farms and private farms. In order to help strategic decision makers, the report also includes competitive profiling of the leading drip irrigation system manufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global drip irrigation systems market, offering market size and estimates for the period from 2015 to 2023, keeping in mind the above-mentioned factors.
Application Segmentation Analysis
As of 2014, the global drip irrigation systems market was led by the agriculture segment. The segment accounted for a market share, in terms of revenue, of over 62% of the total market. The most prominent factor behind adoption of drip irrigation systems is the need for high agricultural yield. In addition, due to rising water scarcity issues and need for water management, drip irrigation systems are increasingly being installed in agricultural applications. Further, many national governments emphasize on installation of drip irrigation systems in the lieu of its high water efficiency. Due to these factor, the demand for drip irrigation systems for agriculture is expected rise significantly in the coming years. As a result, the segment is expected to retain its dominant position in the market throughout the forecast period. However, the others segment is estimated to register the highest growth in the coming years. The others segment comprises greenhouses and nurseries. People are increasingly moving towards greenhouses for reliable production. Greenhouses are suitable for use across almost all of geographical regions irrespective of climatic conditions. Drip irrigation is among the most suitable irrigation techniques for greenhouses and nurseries. Hence, the segment is expected to witness high growth in the coming years.
Component Segmentation Analysis
The drip irrigation systems market was dominated by the tubing segment in 2014. The segment accounted for a market share, in terms of revenue, of over 36% of the total market. The tubing segment comprises main, sub-mains and lateral piping. The high market share of the segment is due to requirement of large quantity of tubing in the overall system. In addition, these tubing are prone to environmental conditions such as rain and sunlight which further results in degradation. Due to this, the segment is expected to hold its dominant position in the market throughout the forecast period.
The tubing segment is followed by the drippers segment with market share of over one fifth of the total market. Since tubing and drippers are installed together, the demand for these components are closely associated. Similar to tubing, drippers are prone to blocking from various biological and physical particles. This further results into stronger demand for drippers. Thus, the drippers segment is expected to retain its second dominant position in the market throughout the forecast period. Nevertheless, the fittings is the highest growing segment. Fittings include connectors, couplers, elbows, t-joints and others. These are the most frequently altered/used components making their demand stronger over other components.
Geography Segmentation Analysis
As of 2014, the global drip irrigation systems market is dominated by Asia Pacific region accounting for over one third of the total market revenue. The Asia Pacific is majorly backed by countries such as India and China. The region is expected to remain the highest growing segment throughout the forecast period. This is due to the fact that the region still holds large potential for penetration of micro irrigation systems. Due to increasing water scarcity issues and need for raising agricultural production, drip irrigation is expected to be largely used in the region.
The North America drip irrigation systems market is majorly hindered by the stronger adoption of sprinkler and mechanized irrigation systems over drip irrigation. Large proportion of agricultural fields in North America are equipped with mechanized irrigation systems such as center pivot and lateral move sprinkler systems. Similarly, Europe has significant penetration of center pivot and lateral move systems. Thus, drip irrigation systems market in these regions is expected remain the same in the coming years.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Drip Irrigation Systems market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Component
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
