An Incisive, In-depth Analysis on the Micro Irrigation Systems Market
This study offers a comprehensive, 360 degree analysis on the Micro Irrigation Systems market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Micro Irrigation Systems market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Only 4% of irrigated farms use micro irrigation systems
Approximately 18% of the world’s irrigated farms produce 40% of the food supply, but only 4% use micro irrigation technology. Thus, there is limitless scope for growth in the micro irrigation systems market. In the year 2010, the global water needed for irrigation was 1500 km3 while the water withdrawn for irrigation was 2700 km3; i.e., an efficiency of only 56%. This can be vastly improved with the help of technologies available in the micro irrigation systems market. For e.g. – In Africa, around 6% of the total cultivable area is under irrigation. It is estimated that irrigation alone can increase the agricultural output of Africa by a massive 50%, helping alleviate the pervasive food crises that hit the continent from time to time. In the last two decades alone, the area under micro irrigation systems has risen by approximately 6.4X from 1.6 million hectares to more than 10 million hectares.
Government initiatives and rising awareness to boost the micro irrigation systems market
A strong political will to devise innovative technologies to preserve precious water especially in water-scarce regions such as Israel has led to the country becoming a global leader in supplying products in the micro irrigation systems market. Government initiatives are also expected to play a critical role in the fast-growing, dynamic APEJ region. Reducing prices will also benefit price-sensitive countries in the APEJ micro irrigation systems market.
Population explosion with water stress can lead to a deadly cocktail mix
The global population is increasing rapidly, particularly in Asia and Africa and has almost touched 7 billion in 2017. According to the Asian Development Bank, almost 3/4th of all the Asian countries are poised to face a looming water crisis in the coming decade. None of the countries in the region can claim to be truly water sufficient, and they all face moderate to acute water stress. There is an urgent need to address the looming water shortages of the future with the help of the micro irrigation systems market and the regional governments are well-aware of this. Micro irrigation systems have numerous advantages over conventional irrigation systems for the purpose of boosting crop productivity and this should make them more appealing to key stakeholders.
APEJ is the most attractive micro irrigation systems market for growth
Asia Pacific excluding Japan is predicted to be the most attractive region in the global micro irrigation systems market in terms of absolute and incremental dollar opportunity and all major companies are highly advised to cater to the discerning needs of countries in this volatile region. The two nations to focus the maximum attention on would be the billion people strong behemoths of China and India. China has only 10% of its agricultural land under micro irrigation systems and it represents the single largest opportunity. In neighbouring India, the percentage of agricultural land under micro irrigation is even less, making the region an area of assured growth in the micro irrigation systems market for some time to come.
Resistance to change a barrier in the APEJ micro irrigation systems market
Farmers in the APEJ micro irrigation systems market with decent water and energy supplies could be hesitant to shift away from their conventional, tried-and-tested farming methods. The farmers typically have well-set surface irrigation and may not even be aware of the micro irrigation systems market. There could also be scepticism or distrust towards new technology and this is likely to hamper adoption and revenue growth in the regional market.
India the most important country in the APEJ micro irrigation systems market
From a market value of over US$ 480 Mn in 2016, the India micro irrigation systems market is projected to be worth almost US$ 2.4 Bn by the end of 2027, registering a 15.4% CAGR. India should show the highest growth rate, making it a market that players in the micro irrigation systems market would be unwise to ignore.
Micro irrigation systems are essentially low pressure, low volume irrigation systems where small water quantities are directly applied above or below the soil surface in a tiny stream or discrete drop form. This is done through emitters placed along a water delivery line. A micro irrigation system can boost water efficiency by almost 90%, reduce energy consumption by 30%, and reduce fertiliser consumption by nearly 28%. This directly leads to an increase in farmers’ income by approximately 50% making the micro irrigation systems market very attractive indeed. Future Market Insights has conducted an in-depth study of the micro irrigation systems market in an upcoming report titled ‘Micro Irrigation Systems Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027).’ As the name suggests, this is an assessment of the global micro irrigation systems market for a 10-year period from 2017-2027 that is complemented by the historical analysis for the four-year period immediately preceding it.
In a market as competitive as the micro irrigation systems market, you can expect the competition to be nipping at your heels as soon as you announce your intention to compete. Thus, it would be advisable to study your immediate rivals thoroughly before you take any long-term, strategic, business decisions. In the competitive dashboard, we have profiled the prominent players actively involved in the micro irrigation systems market and provided a brief overview, key financials, strategies adopted, and recent company developments. It becomes relatively easy for our readers to carry out a comprehensive competition SWOT analysis with all of the above pointers.
We have segmented the micro irrigation systems market into seven geographic regions for the purpose of this study. Every region has a distinct chapter in the report as this is extremely helpful for key stakeholders who seek to target only specific high-growth regions. The regional chapters focus on the regional drivers, restraints, opportunities, and trends. A PESTEL analysis goes a long way in providing a comprehensive picture along with the absolute dollar opportunity, BPS analysis, and Y-o-Y growth rates for the forecast period. The regional micro irrigation systems market forecast by system and end use follows the country analysis. Lastly, the micro irrigation systems market attractiveness analysis concludes this critical section of the micro irrigation systems market report.
The micro irrigation systems market report begins with the market introduction that comprises the definition and the taxonomy of the micro irrigation systems market. The definition has been mentioned for all segments and this section is apt for gaining a grassroots level understanding of the micro irrigation systems market.
Global Micro Irrigation Systems Market Taxonomy
End Use Type
To enter a market such as the micro irrigation systems market, it is imperative to be aware of the global irrigation scenario. A vital chapter in the micro irrigation systems market report has broken down the irrigation scenario in terms of the global water stress situation, irrigation opportunities, equipped irrigation area, and the global penetration of micro irrigation systems and the total growth potential. If there is any segment that can claim to be the most important in the micro irrigation systems market report, it is this one.
One of a kind research methodology
Future Market Insights relies on a tried-and-tested research methodology devised in-house to prepare the micro irrigation systems market report. Our team of highly professional, diverse, and knowledgeable experts begin their analysis with extensive primary and secondary research. The second step is to prepare a list of key market players and a questionnaire to gather all the required information pertaining to the micro irrigation systems market. The information is then exhaustively scrutinised using advanced company tools to gain all the relevant qualitative and quantitative insights into the micro irrigation systems market.
We have included Porter’s Five Forces Analysis in our report on the micro irrigation systems market. We have talked at length about the bargaining power of suppliers and buyers, the threat of substitutes and new entrants, and the intensity of competition expected in the micro irrigation systems market.