Business

Global Greenhouse Irrigation Systems Market: Current trends and future opportunities by 2021


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Global Greenhouse Irrigation Systems Market was worth USD 905.7 million in 2016 and estimated to be growing at a CAGR of 10.58%, to reach USD 1497.5 million by 2021. The market is showcasing significant potential in the mentioned forecast period. The market continues to grow with increasing demand of higher yielding crops and rising awareness among farmers about the benefits for greenhouse irrigation systems.

Browse market data tables and in-depth TOC of the Global Greenhouse Irrigation Systems Industry to 2021 @ http://www.marketdataforecast.com/market-reports/global-greenhouse-irrigation-systems-market-1811/

Greenhouse Irrigation Systems market can be referred to the market comprising of different type of irrigation system used within a greenhouse. Greenhouses are used to provide plants with favourable climatic conditions. The plants cultivated in greenhouse demand adequate water quantity to maintain better growth and high yield. In greenhouse, common irrigation techniques include drip irrigation, boom irrigation etc.

New technological developments and increase in areas covered by greenhouse has created an opportunity for the market to make a breakthrough into the agricultural industry. Other major drivers for the greenhouse irrigation system market include, global focus on water usage efficiency, demand for varied crops round the year, better quality & yield of crops and rising population resulting in increased demand. The restraints and challenges related to the market include high maintenance cost, lack of technical knowledge, and huge investment in set up. These factors have been holding back the market from reaching its actual potential.

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The Global market for Greenhouse Irrigation Systems is segmented on the basis of type and application. Based on types of irrigation systems, the market is segmented into drip irrigation system, micro sprinkler irrigation system and boom irrigation system. The market was dominated by drip irrigation systems in 2016, and is likely to dominate the market by the end of 2021. Based on segmentation by application the sub segments include, vegetables, flowers & ornaments, fruit plants and nursery crops. Out of these, the vegetable segment led the overall market share on the basis of application. On the basis of geographical analysis, the global market is segmented under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Greenhouse Irrigation Systems market was dominated by Asia-Pacific, with the overall market share of over 37% globally. Asia-Pacific market was followed by Europe. Asia Pacific was also predicted to show highest growth rate in the coming few years, due to the increase in the area being devoted for greenhouses in the region.

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Some of the major companies dominating the market, by their products and services include Netafim Ltd., Rivulis Irrigation Ltd., Jain Irrigation Systems Ltd., Valmont Industries Inc., The Toro Company, Lindsay Corporation, EPC Industries Limited, Rain Bird Corporation, Nelson Irrigation Corporation, Irritec S.P.A.

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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.