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US Micro Irrigation Market Outlook to 2020 - Growing Water Scarcity and High Efficiency of Drip Irr by Ankur Gupta
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US Micro Irrigation Market Outlook to 2020 - Growing Water Scarcity and High Efficiency of Drip Irr by ANKUR GUPTA
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| Article Posted: 07/26/2016 |
| Article Views: 175 |
| Articles Written: 1063 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 899 |
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US Micro Irrigation Market Outlook to 2020 - Growing Water Scarcity and High Efficiency of Drip Irr |
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Business
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US Micro Irrigation Market Outlook to 2020 - Growing Water Scarcity and High Efficiency of Drip Irrigation to Stimulate Growth” provides a comprehensive analysis of the sprinkler and drip micro irrigation systems industry in the US. The report covers various aspects such as market size of micro irrigation industry on basis of revenues and land irrigated, segmentation on the basis of sprinkler and drip irrigation systems, crop type, regions and the equipments of both drip and sprinkler irrigation systems and value of exports and imports for micro irrigation equipments. The report is useful for industry consultants and analysts, farmers, micro irrigation equipments manufacturing companies and new players venturing in the market. The micro irrigation industry in the US grew rapidly during 2010-2015 owing to superior efficiency of the systems in water usage and crop yields, easy implementation of fertigation and chemigation, lesser labor requirements and minimized fertilizer / nutrient loss. Several beneficial attributes of micro irrigation systems coupled with water scarcity and drought situations in many states are likely to catalyze the growth of the micro irrigation industry in the near future. US micro irrigation market grew from USD ~ million in 2010 to USD ~ million in 2015 at a CAGR of ~ % between 2010 and 2015. US micro irrigation market poses a lucrative opportunity for new energy efficient equipments since the market is at its growing stages at the moment. Presently, about 65% of the total irrigated land in the US has employed micro irrigation systems for the purpose of cultivating crops. Moreover, only about 55.0 million acres of all US cropland and pastureland were irrigated as of 2015. Hence, growing water and food scarcity presents huge potential for the micro irrigation industry to expand and proper in the near future. The industry was quite concentrated with a bunch of players comprising for a major bulk of the overall market. Lindsay, Valmont, Netafim, The Toro Company and Jain Irrigation were the prominent companies developing and marketing micro irrigation system as of 2015. Lindsay emerged as the market leader by registering market share of ~% in 2015 in terms of revenue. Sprinkler irrigation systems accounted for generating ~% of the market revenues as compared to ~% by drip irrigation systems in 2015. Center pivot sprinkler systems generated bulk of the sprinkler system revenues and accounted for generating ~% of the market revenues in 2015. Although drip irrigation systems were installed in considerably lesser irrigated area of land as compared to sprinkler systems, drip irrigation equipments contributed for ~% of market share in terms of revenues due to their higher installation and maintenance costs. Utilization of micro irrigation systems in field crops and orchard crops generated ~% and ~% of the overall revenues in 2015, respectively. California had by far the largest area of land irrigated by drip irrigation systems in the country. The state accounted for generating ~% of the micro irrigation market revenues in 2015. Nebraska had the largest irrigated area in the country and a vast majority of which employed sprinkler irrigation systems. It accounted for generating ~% of the market revenues in 2015. Of the total land area irrigated by drip irrigation systems currently, only ~% of the land had installed subsurface drip irrigation systems as compared to ~% for surface drip irrigation systems. Lower adoption of subsurface drip systems were primarily due to their higher installation costs. Drip irrigation systems are far more expensive and are ideal for installation in small farms due to their higher capital cost and maintenance. However, they are more efficient irrigation systems utilizing much lesser water and fertilizers and also prevent weed growth. Owing to the superior efficiency of drip irrigation systems, they are expected to witness higher adoption as compared to sprinkler systems in the near future. Appropriate business model selection is amongst the major decision that a business has to make before starting its operations. A company must have a good network of dealer to cater to the demand across the country. Since, sprinkler and drip irrigation systems are individually more suited for a particular segment of crops, companies must make an effort in brand building by judiciously marketing and promoting the right irrigation system for cultivating a particular type of crop. This would help them build their brand in particular segments which would be highly beneficial for the companies in the longer run. The market is further expected to reach USD ~ million in 2020 from USD ~ million in 2015 in terms of revenues. Key Topics Covered in the Report US Micro Irrigation Value Chain Analysis Market Size by Revenue, Land Irrigated Market Segmentation by Type of Micro Irrigation System Application in Different Crop Types Utilization by States Sprinkler Irrigation Market Segmentation by Type of Sprinkler System Application in Different Crop Types by Components Drip Irrigation Market Segmentation by Type of Drip System Application in Different Crop Types by Components Growth Drivers and Trends Cost of Installing Micro Irrigation Systems in the US Porter’s Five Forces Analysis of the US Micro Irrigation Market Issues and Challenges in the US Micro Irrigation Market Trade Scenario in the US Micro Irrigation Market Government Roles and Policies in the US Micro Irrigation Market Company Profiles of Major Players in the Market Market Share of Major Companies in the US Micro Irrigation Market US Micro Irrigation Future Outlook and Projections Analyst Recommendations Macro Economic Factors Source: https://www.kenresearch.com/agriculture-and-animal-care/farming/us-micro-irrigation-systems-market-report/42041-104.html
Related Articles -
drip irrigation system market, sprinkler irrigation system market,
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