Global Drip Irrigation Market Analysis
MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Drip Irrigation market. The research report on the Drip Irrigation Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.
The report further comprises, “Global Drip Irrigation Market size was valued at around USD 6.1 Billion in 2023 and is projected to grow at a CAGR of around 11.36% during the forecast period, i.e., 2024-30.
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Global Drip Irrigation Market Key Trend:
Increasing Shift from Traditional to Modern Water-efficient Irrigation Technology – The shift from traditional to modern water-efficient irrigation technology in developing countries such as India, Turkey, etc., to conserve water, energy, and labor, has resulted in increasing demand for modern irrigation technology to reduce water consumption during agricultural activities. Furthermore, the rapidly depleting water resources across the globe have raised concerns about the global agricultural economy. As a result, the demand for water-saving agricultural practices & modern irrigation systems has increased globally. In addition, drip irrigation systems deliver water directly to the roots of plants, enabling healthy growth.
Moreover, the low cost of installation & no additional labor cost associated with the drip irrigation system has further escalated the market growth globally. Therefore, the demand for drip irrigation systems is estimated to increase significantly in the forthcoming years.
Global Drip Irrigation Market Segment & Geography [2024-30]
The Drip Irrigation market is segmented into significant segments based on Geography.
-By Component
- Emitters/Drippers
- Pressure Pumps
- Drip Tubes/Drip Lines
- Valves
- Filters
- Fittings & Accessories
-By Crop Type
- Field Crops
- Fruits & Nuts
- Vegetable Crops
- Other Crops (turf, ornamental, and spice crops)
-By Application
- Agriculture
- Landscape
- Greenhouse
-By Emitter Type
- Inline
- Online
Geographical Analysis
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
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Top Companies Essentially Working in Drip Irrigation Market
- EPC Industries Limited
- Driptech Incorporated
- Microjet Irrigation Systems
- Rain Bird Corporation
- Rivulus Irrigation
- Netafim limited
- Jain Irrigation System Limited
- Lidsay Corporation
- The Toro Company
- Valmont Industries
- T-L Irrigation Company
- Reinke Manufacturing Company, Inc.
- ELGO Irrigation Limited
- Hunter Industries Inc.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Drip Irrigation adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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