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Drip Irrigation Market to Rise at 9.3% CAGR till 2026; Driven by Increasing Investments in Agricultural Activities, says Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, April 27, 2020 (GLOBE NEWSWIRE) — The global drip irrigation market size is projected to reach USD 9.37 billion by the end of 2026. The increasing number of farming activities will bode well for the market in the coming years. According to a report published by Fortune Business Insights, titled “Drip Irrigation Market Size, Share & Industry Analysis, By Component (Emitters, Drip Tubes/Drip Lines, Pressure Pumps, Filters, Valves, and Others), Crop Type (Field Crops, Orchard Crops, Landscape & Turf, and Others), Application (Surface and Subsurface), and Regional Forecast, 2019 – 2026,” the market was worth USD 4.63 billion in 2018 and will exhibit a CAGR of 9.3% during the forecast period.Worldwide COVID-19 Impact Analysis:The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Increasing Number of Product Launches Will Provide Impetus to Market GrowthThe report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of product launches has emerged in favor of market growth. Due to the constantly rising demand for drip irrigation systems across the world, several companies are looking to invest hugely in the development of advanced concepts.The adoption of modern technologies has yielded a few exceptional products in recent years. In August 2019, Rivulis Irrigation announced the launch of a new product for drip irrigation system. The company introduced ‘Manna,’ a satellite based software solution which will be used in drip irrigation systems across the country. The company’s latest product will have a massive impact on the growth of the overall market in the coming years.The report analyzes the ongoing drip irrigation market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Asia Pacific is likely to generate the highest revenue in the coming years. The increasing number of farming and agricultural activities in several countries across this region will aid the growth of the market. As of 2018, the market in Asia Pacific was worth USD 2.08 billion and this value is likely to increase further in the coming years.Lindsay CorporationJain Irrigation Systems Ltd.Rivulis Irrigation Ltd.Rain Bird CorporationSistema AzudNetafim LimitedThe Toro CompanyElgo Irrigation Ltd.Chinadrip Irrigation Equipment Co. Ltd.Metzer GroupAntelco Pty Ltd.IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesEmerging TrendsKey InsightsOverview of the Parent/Related MarketsAgriculture Irrigated Area AnalysisIndustry SWOT AnalysisSupply Chain AnalysisRecent Industry Developments – Policies, Partnerships, New Product  Launches, and Mergers & AcquisitionsGlobal Drip Irrigation Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Size Estimates and Forecast By Component (Value)EmittersDrip Tubes/Drip LinesPressure PumpsFiltersValvesOthersBy Application (Value)SurfaceSub-surfaceBy Crop Type (Value)Field CropsOrchard CropsLandscape & TurfOthersBy Region (Value)North AmericaEuropeAsia PacificSouth AmericaMiddle East & AfricaTOC Continued…!
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/drip-irrigation-market-102684
November 2019: The government of Tamil Nadu, India, announced an increase in the subsidy amount for farmers who are engaged in drip irrigation-based sugarcane farming.Sprinkler Irrigation Systems Market Size, Share & Industry Analysis, By Type (Center Pivot, Lateral Move, Micro sprinklers, Others), By Crop (Cereals, Oilseed and Pulses, Fruits and Vegetables, Turf and Ornamentals, Others) and Regional Forecast, 2019-2026Agriculture Equipment Market Size, Share & Industry Analysis, By Equipment Type (Agriculture Tractors, Harvesting Equipment, Irrigation & Crop Processing Equipment, Agriculture Spraying & Handling Equipment, Soil Preparation & Cultivation Equipment and Others (Hay & Forage Equipment, trailers, etc.), By Application (Land Development, Threshing and Harvesting, Plant Protection, After Agro Processing), and Regional Forecast, 2019-2026
Vertical Farming Market Size, Share & Industry Analysis, By Type (Hydroponics, Aeroponics, and Aquaponics), By Structure (Building-Based, Shipping-Container), By Component (Lighting System, Irrigation and Fertigation System, Climate Control, Sensors, and Others) and Regional Forecast, 2019-2026
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.
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Read Press Release: https://www.fortunebusinessinsights.com/press-release/drip-irrigation-market-9826

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