DUBLIN, March 6, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/r8rjjk/micro_irrigation) has announced the addition of the "Micro Irrigation System Market by Type & Application - Global Trends & Forecast to 2018" report to their offering.
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The micro irrigation systems market has grown significantly in the last decade, and this growth is expected to continue. Factors such as increasing demand for agricultural products, growing concerns about depleting ground water-levels as well as rising cost of pesticides and fertilizers are driving the demand for micro irrigation systems. Local government subsidies for such systems as well as low cost of operations in emerging economies are creating better conditions for micro irrigation system manufacturers to undertake expansion strategies.
R&D activities are carried out across all regions, especially in North America, to develop efficient low-maintenance irrigation systems. High degree of portability, low maintenance costs and optimized performance are becoming new trends in the micro irrigation system industry. The micro irrigation systems market was valued at $1,650 million in 2012 and is projected to reach $4,213.4 million by 2018, with an impressive CAGR of 17.5%. The trend in micro irrigation system industry is shifting towards adopting the latest efficient technologies to save maintenance and operational costs. This has caused maximum product innovations in 2013.The leading market players are Deere & Company (U.S.), Netafim Ltd. (Israel) and Valmont Industries Inc. (U.S.).
The size of the micro irrigation systems market was derived by using forecasting methods based on the segments that make up the entire market, such as, types, applications, market players and the trade between various geographical regions. The biggest market players were acknowledged through secondary research and their market revenue was determined through both primary and secondary research. It includes the study of the annual reports of the top market players and interviews with key opinion leaders such as CEOs, directors, and marketing personnel.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Analysis
5 Market Overview
6 Micro Irrigation System Market, By Type
7 Micro Irrigation System Market, By Crop Type
8 Micro Irrigation System Market, By Geography
9 Micro Irrigation System Market, By Application
10 Mechanized Irrigation Systems: Central Pivot & Lateral Move
11 Competitive Landscape
12 Company Profile
- Deere & Company
- Epc Industries
- Jain Irrigation Systems Ltd.
- Lindsay Corporation
- Nelson Irrigation Corporation
- Netafim Limited
- Rain Bird Corporation
- T-L Irrigation Co.
- The Toro Company
- Valmont Industries, Inc.
For more information visit http://www.researchandmarkets.com/research/r8rjjk/micro_irrigation
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SOURCE Research and Markets