Drip Irrigation Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030
Drip Irrigation Market: Market Segments: By Component (Emitters/Drippers, Pressure Pumps, Drip Tubes/Drip Lines, Valves, Filters, Fittings & Accessories); By Crop Type (Field Crops, Fruits & Nuts, Vegetable Crops and Other); By Application (Surface and Subsurface); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Drip irrigation method allows water to be used in a regulated manner, where water is slowly supplied to the root system of plants. Water is either dripped onto the soil surface above the roots or directly into the root zone using this process. This technique seeks to reduce the evaporation of water. With proper installation and maintenance, the drip irrigation system will contribute to significant water conservation by managing evaporation and drainage.
Market Highlights
Drip Irrigation Market is expected to project a notable CAGR of 10.5% in 2030.
Drip Irrigation Market to surpass USD 10.7 billion by 2030 from USD 5.8 billion in 2019 at a CAGR of 10.5% throughout the forecast period, i.e., 2020-30. Due to factors such as rising population, increasing global food demand and increasing population size, limited arable, especially in emerging countries of the Asia Pacific and Latin America region, the global market for drip irrigation systems will increase during the forecast period.
Drip Irrigation Market: Segments
Drip tubes/drip lines segment to grow with the highest CAGR during 2020-30
Drip Irrigation Market is segmented by component into emitters, drip tubes/drip lines, filters and valves among others. Insecticides based Drip Irrigation, led the market in 2018, accounting for XX.X% of market share. The emitter segment is growing rapidly in the drip irrigation market with the highest CAGR of 8.5% in the forecast period. The function of emitters is to discharge water at a determined pace and avoid clogging.
Drip Irrigation Market: Market Dynamics
Drivers
Rapid Growth in green house vegetable production
In order to influence soil moisture, automatic drip irrigation is necessary, especially in the case of specialized greenhouse vegetables. An easy, meticulous method for managing soil moisture and applying water is given by complete automation of drip irrigation systems. Some of the factors that increase the demand for automatic drip irrigation systems are successful time management, elimination of human errors in terms of calculation, and adjustment of available soil moisture levels.
Restrain
High initial cost of large-scale drip irrigation systems
The initial investment costs are high, which makes it uneconomical for low-value crops to use drip irrigation systems. The cost of equipment for drip irrigation varies with the type of crop, location, soil, water conditions, fertigation equipment, and filtration equipment.
Drip Irrigation Market: Key Players
• Chinadrip Irrigation Equipment Co., Ltd.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• Hunter Industries, Inc.
• Irritec S.p.A
• Jain Irrigation Systems Ltd.
• Lindsay Corporation
• Microjet Irrigation Systems
• Netafim Limited
• Rain Bird Corporation
• Rivulis Irrigation Ltd.
• The Toro Company
Drip Irrigation Market: Regions
Drip Irrigation Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Drip Irrigation Market in Asia Pacific held the largest market share of XX.X% in the year 2018 and it is expected to continue its market dominance in the future due to growing demand from the agriculture industry. North America will be followed by the Asia-Pacific region, while Europe will be ranked third in the drip irrigation market worldwide. The Asia Pacific market is expected to expand at a significant pace over the forecast period, owing to the government's incentives and subsidies. In addition, in emerging economies such as China and India, the benefits associated with the use of drip irrigation, such as high yield and low water waste, are driving market growth. In addition, soil erosion restrictions and easy fertilisation are major factors driving the growth of the demand for drip irrigation.
Drip Irrigation Market report also contains analysis on:
Drip Irrigation Market Segments:
By Component:
• Emitters/Drippers
• Pressure Pumps
• Drip Tubes/Drip Lines
• Valves
• Filters
• Fittings & Accessories
By Crop Type:
• Field Crops
• Fruits & Nuts
• Vegetable Crops
• Other
By Application:
• Surface
• Subsurface
• Drip Irrigation Market Dynamics
• Drip Irrigation Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Drip Irrigation Market
· Which segment is anticipated to hold the largest market share
· At what CAGR is the market anticipated to grow between 2020 and 2030
· Who are the key players in the Drip Irrigation Market
· What could be the challenging factors in the growth of Drip Irrigation Market
· What are the growth drivers for the Drip Irrigation Market
Contents
1. Executive Summary
2. Drip Irrigation Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Drip Irrigation Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Drip Irrigation Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Drip Irrigation: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Component: Market Share (2020-2030F)
12.2.1. Emitters/Drippers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Pressure Pumps, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Drip Tubes/Drip Lines, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.4. Valves, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.5. Filters, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Fittings & Accessories, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Crop Type: Market Share (2020-2030F)
12.3.1. Field Crops, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Fruits & Nuts, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Vegetable Crops, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.4. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4 By Application: Market Share (2020-2030F)
12.4.1. Surface, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. Subsurface, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Chinadrip Irrigation Equipment Co.,Ltd.
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. Hunter Industries, Inc.
13.3. Irritec S.p.A
13.4. Jain Irrigation Systems Ltd.
13.5. Lindsay Corporation
13.6. Microjet Irrigation Systems
13.7. Netafim Limited
13.8. Rain Bird Corporation
13.9. Rivulis Irrigation Ltd.
13.10. The Toro Company
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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