Rising farmer awareness and increasing demand resulting in a rapid growth of the Greenhouse Irrigation Systems Market

Rising farmer awareness and increasing demand resulting in a rapid growth of the Greenhouse Irrigation Systems Market

ID: 1817 | October 2018 | Region: Global

The Greenhouse Irrigation Systems Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Greenhouse Irrigation Systems Market is estimated to be USD 1110 million in 2018 and predicted to rise to USD 1840 million by 2023 with a CAGR of 10.58%. The market is segmented by Type (Drip Irrigation System, Micro Sprinkler Irrigation System and Boom Irrigation System), by Application (Vegetables, Flowers & Ornamentals, Fruit Plants and Nursery Crops). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

According to current market trends, the market is expected to exhibit rapid growth in the upcoming years. The factors responsible for driving this growth of the market are technological developments, increase in greenhouse areas, demand for varied crops, higher crop yield and global focus on water usage efficiency. There are some restraints and challenges as well which have been hindering the potential growth of the market. Some of these are, high cost of maintenance, lack of technical knowledge, high set up cost.

The global Greenhouse Irrigation Systems market has been segmented on the basis of type and application. Based on type, the market is dominated by drip irrigation systems due to its efficiency in water usage and ease of set up. Under application segmentation, vegetables accounted for the largest market share.

Bases on the geographical analysis, the market is segmented into various regions across the globe. The Asia-Pacific market dominated the global market share accounting for almost 37% share. It was followed by Europe, holding the second largest market share globally. Asia-Pacific was predicted to grow at the highest rate among all regions covered in the report, due to the increase in areas being used for greenhouse farming.

There are various companies competing in the greenhouse irrigation systems market. Some of the major ones include Netafim Ltd., Jain Irrigation Systems Ltd., Rivulis Irrigation Ltd., Valmont Industries Inc., Lindsay Corporation, The Toro Company, EPC Industries Limited, Nelson Irrigation Corporation, Rain Bird Corporation, Irritec S.P.A.

Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-greenhouse-irrigation-systems-market-1811/” and checkout our recent reports in the Agriculture Machinery category at “http://www.marketdataforecast.com/research-reports/agriculture/agriculture-machinery-14/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.

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