Press Release-Micro Irrigation Systems Market to Reach Valuation of 15,873.98 USD Million by 2028; Increasing Trend of Adapting to Advanced Irrigation is Expected to Generate Revenue from the Micro Irrigation Systems Market
Vantage Market Research |
Micro Irrigation Systems Market to Reach Valuation of 15,873.98 USD Million by 2028; Increasing Trend of Adapting to Advanced Irrigation is Expected to Generate Revenue from the Micro Irrigation Systems Market
In terms of revenue, the Global Micro Irrigation Systems Market is expected to reach 15,873.98 USD Million by 2028, growing at a CAGR of 9.10% from 2022 to 2028.
In recent years the inclination of farmers towards micro-irrigation technology is rapidly increasing. The awareness among them and the importance of water usage and management is one of the major driving factors for them to shift to a micro-irrigation system. Also, government subsidies on providing micro-irrigation equipment are key reasons for the agricultural sector to use this technology. Although the initial cost of the project is high during runtime this technology has proven to be a good solution for saving water. The global micro irrigation market is highly competitive with the presence of large and small-scale drip and sprinkler irrigation equipment producers and marketers across numerous regions.
Key Findings:
Some of key players in Micro Irrigation Systems Market include, [object Object].
Micro-irrigation technologies are increasingly seen as a means of addressing the growing competition for scarce water resources. Appropriate low-cost drip systems have shown to have positive effects on yield, incomes, and food security. With the right institutional support, these systems can help poor farmers improve water productivity and incomes.
According to International Water Management Institute (IWMI), one-third of the world’s population is expected to face water scarcity by the year 2025. The majority of the regions in Asia, the Middle-East and Sub-Saharan Africa, home to some of the largest concentrations of rural poverty in the world will face scarcity in water. Various NGOs, policymakers, Government officials, and farmers are gaining technical, institutional and policy interventions to sustain this challenge.
Micro-irrigation technologies are used in water-scarce areas of developed and underdeveloped countries which constitute interventions with the ability to use water more efficiently in irrigated agriculture. These technologies can improve productivity in terms of rising incomes through crop yields and enhance the food security of households. Numerous studies have established the gains from micro-irrigation adoption and several government and non-government organizations are engaged in actively promoting the technologies.
North America is expected to dominate the global Micro Irrigation Systems Market in 2021 and is likely to continue the same trend during the forecast period. An increase in government initiatives and support in micro-irrigation is likely to generate demand in this region for this market in near future. Increasing service facilities for developing micro irrigation systems in countries such as India & China are further adding spotlight. Significant improvements in the agricultural infrastructure, especially in the developing economies, are providing a thrust to the Micro Irrigation Systems Market growth.
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Access Full Report
Micro Irrigation Systems Market to Reach Valuation of 15,873.98 USD Million by 2028; Increasing Trend of Adapting to Advanced Irrigation is Expected to Generate Revenue from the Micro Irrigation Systems Market
This report by Vantage Market Research delivers comprehensive analysis of Somatostatin Analogs Market , focusing on Market Size, Share & Trends Analysis Report by Type (Octreotide, Lanreotide, Pasireotide) by Application (Acromegaly, Neuroendocrine Tumors (NETs), Others) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Request SampleRelated Reports
Healthcare
Veterinary Care Market Size, Share & Trends Analysis Report.
13 Nov 2023
10 Min Read
Healthcare
Surgical Imaging Market Size, Share & Trends Analysis Report.
13 Nov 2023
10 Min Read
Healthcare
Surgical Imaging Market Size, Share & Trends Analysis Report.
13 Nov 2023
10 Min Read
Latest Blogs
13 Nov 2023
Veterinary Care Market Size, Share & Trends Analysis Report.
Healthcare
13 Nov 2023
Surgical Imaging Market Size, Share & Trends Analysis Report.
Healthcare
13 Nov 2023
Surgical Imaging Market Size, Share & Trends Analysis Report.
Healthcare
Contact
Toll Free Number+1 (877) 462-2282