Theagricultural sector is making room to absorb new and innovative technologies.The magnitude of change across the agricultural sector has been phenomenal, andthe industry has swiftly transitioned from manual techniques to automatedtechnologies. The deployment of automation technologies in agriculture has unlockedhost of opportunities for economic growth. Several countries rely on netpositive outputs across the agricultural sector for socio-economic development.Hence, national governments willingly invest in cutting-edge technologies thatcan enhance agricultural productivity.
Irrigationsystems are the life and blood of farmlands, and this is a keyconsideration for vendors within the micro irrigation systems market. However,agriculturists are faced with the challenge of optimizing water-usage withoutcompromising on the health of crops. Hence, the use of micro irrigation systemsis expected to gather momentum in the years to follow. Automation technologieshave been a source of erudition for agriculturists who are now vouching forsmarter and more efficient models. Micro irrigation systems have replaced flowirrigation systems across several prosperous countries.
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Thefavourable opportunity cost for using micro irrigation systems has generatedrenewed demand within the global market. Furthermore, agriculturists in regionswith robust economies have become more liberal toward the use of moderntechnologies.
A report byTransparency Market Research (TMR) predicts that the global microirrigation systems market would expand at a starry CAGR of 15.3% overthe period between 2017 and 2023. The global value of the micro irrigationsystems market is expected to reach an unprecedented value by the end of theforecast period. Integration of automated systems with the agricultural sectorhas played a vital role propelling market demand.
Useof Micro Irrigation in Vineyards and Orchards
The growingpopularity of grapes, dry fruits, and nuts has led to expansive areas of landbeing dedicated to vineyards and orchards. This factor has played an integralrole in the growth of the global micro irrigation systems market. Furthermore,activities pertaining to maintenance of ecological parks and plantation avenuesacross streets has also spearheaded the growth of the global market.
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Regulations Related to WaterHarvesting
Scarcity ofwater has brought several industries under the radar of focus. Governments havestipulated several regulations with regard to the use of water acrossindustries. Water harvesting is closely related to the use of micro irrigationsystems, and this factor is evident across the agricultural sector. Hence,growing concerns related to water conservation and harvesting shall create alucrative growth path for the global micro irrigation systems market.
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Asia Pacific Opens Doors toInnovative Technologies
On thebasis of regions, the global micro irrigation systems market can be segmentedinto Latin America, the Middle East and Africa, Europe, North America, and AsiaPacific. The agricultural sector in Asia Pacific has attracted substantialinvestments due to the dependency of the Indian economy on agriculturalactivities. This factor has played a defining part in the growth of the microirrigation systems market in Asia Pacific.
Vendors to Capitalise on ExistingMicro Irrigation Projects
Severalmicro irrigation projects including Bagalkot’s Ramthal Marol Drip Irrigation projecthave lined the global landscape. Leading vendors are expected to capitalise onthe humongous investments made toward such projects. Moreover, acquisition ofNetafim Ltd, the Israelian micro irrigation system company, by the Mexico-basedMexichem has emerged as a key market development. This strategy shall continueto inspire other acquisitions across the global micro irrigation market.
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