- Future growth of India Micro Irrigation System Market is expected to be led by augmenting level of population, growing food demand coupled with the declining resources such as water and power
- The market leader, Jain Irrigation is expected to maintain focus on research and development in its manufacturing plants to improve its products, to stay ahead of its rivals in the market.
Ken Research announced its latest publication on “India Micro Irrigation System Market Outlook to 2018” which provides a comprehensive analysis of the Micro Irrigation Industry in India. The report covers various aspects such as market size of micro irrigation system market, segmentation on the basis of drip and sprinkler irrigation system, states, crop types, organizational structure and type of drip and sprinkler equipments and volume of exports and imports for micro irrigation equipments. The report is useful for industry consultants and analysts, micro irrigation equipment manufacturing companies and new players venturing in the market.
The Indian micro irrigation system industry, which comprises of segments such as drip irrigation and sprinkler irrigation has grown significantly over the last few years due to the increase in the demand for agricultural food products on account of the burgeoning population in the country. The micro irrigation system industry in India is highly fragmented with nearly 200 companies. There is a fierce competition in the market with a large number of organized and unorganized players engaged in the manufacturing and installation of micro irrigation system in the industry. Jain Irrigation Systems Limited dominated the market with a share of ~% as observed in FY’2013. Jain Irrigation Systems Limited offers a wide range of products. Its product range includes drip and sprinkler irrigation system equipments, PVC and PE piping systems, photovoltaic appliances and solar pumps. The Indian micro irrigation system market revenues have grown at a CAGR of 27.3% from FY’2008-FY’2013.
According to the research report, the India micro irrigation market will grow at a considerable CAGR rate thus reaching INR 205 billion by FY’2018 due to the augmenting level of population, growing food demand and increasing awareness amongst the farmers and others.
“Some important factors such as augmenting level of population, growing food demand coupled with the declining resources such as water and power, have provided a major thrust to the need for improving the agrarian yield by adopting more proficient ways of irrigation. These factors have impelled the scope for micro irrigation industry in India, “according to the Research Analyst, Ken Research.
Key Topics Covered in the Report:
Micro Irrigation Equipments
– Market Size by Revenue and Area Coverage
– Market Segmentation by
o Drip and Sprinkler Irrigation System
o Crop Types
o Type of Drip and Sprinkler Equipments
o Applications of Micro Irrigation System
o Organizational Structure
– Trends and Development
– Recent Industry Activities
– Cost of Installation of Micro Irrigation System
– Entry Barriers
– Export and Import
– Solar Power Micro Irrigation System Market
– Competition and Market Share
– Growth Drivers
– Future Outlook
– Macro Economic Parameters
Key Products Mentioned in the Report
Lateral Pipes and Hoses
Companies Covered in the Report
Jain Irrigation Systems Limited
Nagarjuna Fertilizers and Chemicals Limited
EPC Industries Limited
Finolex Plasson Industries Private Limited