The agricultural sector is making room to absorb new and innovativetechnologies. The magnitude of change across the agricultural sector has beenphenomenal, and the industry has swiftly transitioned from manual techniques toautomated technologies. The deployment of automation technologies inagriculture has unlocked host of opportunities for economic growth. Severalcountries rely on net positive outputs across the agricultural sector forsocio-economic development. Hence, national governments willingly invest incutting-edge technologies that can enhance agricultural productivity.
Irrigation systems are the life and blood offarmlands, and this is a key consideration for vendors within the microirrigation systems market. However, agriculturists are faced with thechallenge of optimizing water-usage without compromising on the health ofcrops. Hence, the use of micro irrigation systems is expected to gathermomentum in the years to follow. Automation technologies have been a source oferudition for agriculturists who are now vouching for smarter and moreefficient models. Micro irrigation systems have replaced flow irrigationsystems across several prosperous countries.
The favourable opportunity cost for using micro irrigation systems hasgenerated renewed demand within the global market. Furthermore, agriculturistsin regions with robust economies have become more liberal toward the use ofmodern technologies.
A report by Transparency Market Research (TMR) predicts that the globalmicro irrigation systems market would expand at a starry CAGR of 15.3% over theperiod between 2017 and 2023. The global value of the micro irrigation systems marketis expected to reach an unprecedented value by the end of the forecast period.Integration of automated systems with the agricultural sector has played avital role propelling market demand.
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Use of Micro Irrigation in Vineyards and Orchards
The growing popularity of grapes, dry fruits, and nuts has led toexpansive areas of land being dedicated to vineyards and orchards. This factorhas played an integral role in the growth of the global micro irrigationsystems market. Furthermore, activities pertaining to maintenance of ecologicalparks and plantation avenues across streets has also spearheaded the growth ofthe global market.
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Regulations Related to Water Harvesting
Scarcity of water has brought several industries under the radar offocus. Governments have stipulated several regulations with regard to the useof water across industries. Water harvesting is closely related to the use ofmicro irrigation systems, and this factor is evident across the agriculturalsector. Hence, growing concerns related to water conservation and harvestingshall create a lucrative growth path for the global micro irrigation systemsmarket.
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Asia Pacific Opens Doors to Innovative Technologies
On the basis of regions, the global micro irrigation systems market canbe segmented into Latin America, the Middle East and Africa, Europe, NorthAmerica, and Asia Pacific. The agricultural sector in Asia Pacific hasattracted substantial investments due to the dependency of the Indian economyon agricultural activities. This factor has played a defining part in thegrowth of the micro irrigation systems market in Asia Pacific.
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Vendors to Capitalise on Existing Micro IrrigationProjects
Several micro irrigation projects including Bagalkot’s Ramthal MarolDrip Irrigation project have lined the global landscape. Leading vendors areexpected to capitalise on the humongous investments made toward such projects.Moreover, acquisition of Netafim Ltd, the Israelian micro irrigation systemcompany, by the Mexico-based Mexichem has emerged as a key market development.This strategy shall continue to inspire other acquisitions across the globalmicro irrigation market.
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