DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/s7s6xv/drip_irrigation) has announced the addition of the "Drip Irrigation Systems Market by Crop Type (Field Crops, Vegetables, Orchard Crops, Vineyard and Rest (Crops)), Application (Agriculture, Landscape, Greenhouse and Others), Components & by Region - Global Trends and Forecasts to 2020" report to their offering.
The market for drip irrigations systems will reach USD 3.56 billion by 2020 and it is expected to grow at a CAGR of 10.7% for the forecast period.
The global drip irrigation systems market is a continuously growing market. The demand is increasing due to the increase in population which has led to the increase in food requirements as well as the rising growth in greenhouse production. Drip irrigation is very useful as it is an efficient irrigation technique and improves the crop yield.
In 2014, Asia Pacific led the market with a value of 49.5% and is projected to grow at a CAGR of 13.0% during 2015 to 2020. Developing nations such as India, China and Brazil are expected to grow in the market creating market opportunities in the Asia Pacific region.
The drip irrigation systems market is segmented on the basis of component, crop type, application and region. On the basis of component, drip irrigation is segmented into Emitters, Pressure Gauge, Drip Tube, Valves, Filters and Others. On the basis of crop type, it is divided into Field, Vegetable, Orchard, Vineyard, Rest Crops. On the basis of its application, drip irrigation can be used in Agriculture, Landscape, Greenhouse, and Others. Region-wise it is segmented into North America, Europe, Asia Pacific and Rest of the world. This report has included the market sizes on the basis of value (USD million) and volume (tons).
The key players in this market include Netafim Limited (Israel), Jain Irrigation System Limited (India), Lindsay Corporation (U.S.), The Toro Company (U.S) and Eurodrip S.A (Greece).
Other players include Driptech Incorporated (India), EPC Industrie Limited (India), Hunter Industries Incorporated (U.S), Microjet Irrigation Systems (South Africa), Nelson Irrigation Corporation (U.S), Rain Bird Corporation (U.S), Rivulus Irrigation (Israel) and T-L Irrigation Company (U.S)
For more information visit http://www.researchandmarkets.com/research/s7s6xv/drip_irrigation