The irrigation system comprises the provision of water to dehydrated land for crop cultivation. The micro-irrigation procedure supplies water at recurring intervals above and beneath the surface of the soil. The irrigation systems are habitually low- or medium-pressure structures that dispense water in the form of sprinkles, spray, mist, drip, and jet.
According to the report analysis, ‘Global Irrigation Systems Market to reach USD XXX billion by 2027’ states that the Irrigation systems market is principally driven due to flowing concerns for water scarcity, the escalating requirement for the better yield, and superiority of crops. The worldwide water crisis is a pouring issue, according to the United Nations will lead to at least 1 in 4 individuals to be living in a region affected by chronic or repetitive freshwater shortages. And as of 2018 2.1 billion individuals live without safe drinking water in their homes. Thus, the increasing worldwide water crisis influences various approaches to save and use the water efficiently of which such Irrigation systems are an essential part.
Also, the rise in worldwide food requirement owing to the increasing population further propels the market growth as such irrigation systems aid in growing crop yield increasing food productivity. Moreover, the assisting government norms and policies for farmers and utilize of adequate irrigation systems assistances the market growth. However, the high cost of employment impedes the growth of the market over the review duration of 2020-2027. Although, increasing implementation of remote sensing for farming and cultivation practices on the worldwide scenario.
The Government plays a major role in supporting the farmers for installing micro-irrigation systems, by delivering subsidies to the small-scale farmers. Several regional governments deliver electricity free-of-cost to the farmers. Farmers in underdeveloped countries are motivated to implement irrigation systems to augment productivity through optimum water utilization. The Government’s encouragement propels the market, notably, and it is projected to have a robust impact on the market throughout the forecast period.
Although, the regional analysis of the global Irrigation Systems market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia-Pacific is the leading/significant region around the world in terms of market share due to the agriculture-based economies across the region such as India and foremost irrigation system producers such as China. Whereas, the Asia-Pacific is also projected to exhibit the greatest growth rate / CAGR over the review period of 2020-2027. Aspects such as effective augment in the population and growing consumer awareness would generate lucrative growth prospects for the Irrigation Systems market around the Asia-Pacific region.
Furthermore, the installation of irrigation systems demands high initial costs, as luxurious components are utilized in the system. This confines the growth of the global irrigation systems market. The growth in prices of components and systems is also projected to augment the impact of the great initial investment on the market. Thus, presently, the high initial investment has a notable impression on the market, which is projected to augment during the forecast period.
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Ankur Gupta, Head Marketing & Communications