Market Leader - Microirrigation Systems Market
The global microirrigation systems size is estimated to be valued at USD 9.7 billion in 2021 and is expected to reach a value of USD 15.1 billion by 2026, growing at a CAGR of 9.3% in terms of value during the forecast period. Factors such as efficient usage of water resources in drought conditions, and shift from traditional irrigation methods to technologically advanced irrigation systems, are some of the factors driving the growth of microirrigation systems.
Key players in this market include Jain Irrigation Systems Limited (India), Netafim Limited (Israel), The Toro Company (US), Lindsay Corporation (US), EPC Industries (India), Nelson Irrigation Corporation (US), Rain Bird Corporation (US), T-L Irrigation (US), Hunter Industries (US), Rivulis Irrigation Ltd (Israel), Chinadrip Irrigation Equipment Co., Ltd. (China), Elgo Irrigation (Israel), Antelco Pty Ltd (Australia), Microjet Irrigation Systems (South Africa), Irritec (US), Metro Irrigation (India), Irritec S.p.A. (Italy), Irrigation Direct Canada (Canada), Drip Research Technology Solutions (Turkey), DripWorks Inc. (US), and Raindrip, Inc. (US).
New product launches, partnerships, acquisitions, and collaborations were the key strategies adopted by the leading players in the microirrigation systems with a view to improve their product line and presence in the market.
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Jain Irrigation Systems Limited (India) is primarily engaged in the design, manufacture, and sales of irrigation systems, piping products, and plastic sheets. The company operates through two business segments, namely, high-tech agro-input products and industrial products.
Through its high-tech agro-input products segment, the company manufactures and markets microirrigation systems, such as drip and sprinkler irrigation systems. The company offers its irrigation products mainly for agricultural businesses.
The company operates globally through its subsidiaries, JISL Jain Irrigation (India), Cascade Specialties (US), and Jain Sulama Sistemleri Sanayi Ve Ticaret Anonim Sirkti (Turkey). Jain Irrigation operates through its production sites in 24 countries around the world and offers its products & solutions to customers in 116 countries as of March 2015. The company has its operations spread across the US, Europe, the Middle East, Africa, and Asia Pacific.
Netafim (Israel), is primarily engaged in offering a wide spectrum of irrigation systems for a greenhouse, agriculture, landscape, and mining applications. The company offers microirrigation systems, such as drip and sprinkler irrigation systems, for various applications. It operates through its 28 subsidiaries, with 17 production plants across 13 countries, as of FY2015. It offers its products & solutions to customers in nearly 110 countries, including Australia, Mexico, Argentina, Brazil, Thailand, China, Japan, Columbia, France, Germany, Russia, Turkey, and Israel.
The company’s main competitors include Rivulis Irrigation (Israel), Lindsay Corporation (US), Jain Irrigation Systems Limited (India), and The Toro Company (US).
Related Reports:
Microirrigation Systems Market by Type (Drip and Micro Sprinkler), Application (Orchard Crops & Vineyards, Plantation Crops, and Field Crops), End User (Farmers and Industrial Users) and Region - Global Forecast to 2026
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