Report Ocean recently published an extensive intelligence report titled “Greenhouse Irrigation System Market Report: Size, Share, Competitive Landscape, Technology, Latest Updates, and Forecasts to 2031.” This report provides a comprehensive analysis of the market at a micro-level, focusing on insurers, major market sectors, products, and distribution methods within the industry.
The competitive segment of the report offers a summary of key competitors, their financial conditions, recent developments, competitive analysis, and market advancements. This analysis enables market participants to effectively identify relevant opportunities by assessing the strengths and weaknesses of major competitors.
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The global greenhouse irrigation system market size was US$ 1.07 billion in 2021. The global greenhouse irrigation system market is forecast to grow to US$ 2.3 billion by 2030 by growing at a compound annual growth rate (CAGR) of 8.8% during the forecast period from 2022 to 2030.
Factors Influencing the Market
The greenhouse irrigation market is constantly growing because it increases crop production without causing harm. Moreover, the end results are better than those grown naturally. Apart from that, the benefits of this irrigation process, such as reduced labor costs, land usage, and water usage, will fuel the growth of the global greenhouse irrigation system market during the study period.
The rising demand for better irrigation systems will also benefit the global greenhouse irrigation system market during the forecast period.
Natural resource depletion and environmental degradation are two factors that limit cultivation. Growing environmental concerns motivate farmers to prioritize sustainable farming practices such as natural resource conservation. Thus, it will also drive the greenhouse irrigation system market forward.
The rising demand to improve crop nutrition and protection, as well as to expand the market for greenhouse irrigation systems. Apart from that, the greenhouse irrigation system market may witness several growth opportunities due to growing technological advancements, such as vertical farms with intelligent designs to maximize yields and reduce waste.
On the contrary, the high cost associated with the greenhouse irrigation system market may limit the growth of the overall market.
COVID-19 Impact Analysis
The COVID-19 outbreak amplified the demand for food majorly in developing economies. Moreover, people started adopting urban farming methods in order to cater to the rising food demands. Thus, it has been opportunistic for the greenhouse irrigation system market. However, the high cost associated with the greenhouse irrigation system restricted the growth of the market.
Regional Analysis
The global greenhouse irrigation system market in the Asia Pacific is forecast to record the highest growth rate, owing to the presence of various highly populated countries like China, India, and Japan. In addition to that, high-end product consumption across these countries will be opportunistic for the greenhouse irrigation system market. Authorities throughout the region recognize the importance of policy initiatives to promote protected cultivation.
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Some of the most notable government initiatives include low-interest loans and incentives for the installation of modern and advanced micro-irrigation systems. In addition to that, growing technological advancements in various agricultural applications, lowering labor levels, consolidating farms, increasing population, and rising demand for high productivity will contribute to the growth of the Asia-Pacific greenhouse irrigation system market during the forecast period.
Competitors in the Market
The Toro Company
Netafim Ltd
Jain Irrigation Systems Ltd
Nelson Irrigation
Lindsay Corporation
Rain Bird Corporation
Valmont Industries, Inc.
Rivulis Irrigation
EPC Industries Limited
Irritec S.p. A
Other Prominent Players
Market Segmentation
The global greenhouse irrigation system market segmentation focuses on Type, End-User, and Region.
By Type
Drip Irrigation
Micro Sprinkler Irrigation
Boom Irrigation
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By End-User
Vegetables
Flowers & Ornamentals
Fruit Plants
Nursery Crops
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America
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Furthermore, years considered for the study are as follows:
Historical year 2017, 2020
Base year 2021
Forecast period 2022 to 2030.
Target Audience of the Market in This Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Reasons to Purchase this Report:
Strategic Direction: This research report provides insightful analysis and strategic advice for senior executives, decision-makers, professionals, sales managers, and other market stakeholders working in this space. It aids in decision-making and offers strategic recommendations for product advancements.
Comprehensive Analysis: Both economic and non-economic aspects are taken into account in the report’s thorough qualitative and quantitative analysis of the market. For a complete knowledge of market dynamics, it contains a segment breakdown with market evaluations expressed in terms of value (USD Billion) for each segment.
Growth Opportunities: The research highlights the geographies and market categories predicted to expand at the highest rates, potentially positioning them to dominate their respective markets. It offers a thorough examination of consumption trends in various geographic areas and highlights the variables affecting regional market trends.
Competitive Landscape: The competitive landscape section lists the top market rivals and discusses current business expansions, collaborations, product launches, and acquisitions. This data makes it easier to evaluate significant players’ market positions.
Detailed Company Profiles: These include their company description, insights, product benchmarking, and SWOT analysis, providing a thorough picture of the major market participants. Stakeholders are able to assess the advantages and disadvantages of the leading market players due to these profiles.
Future Market Outlook: The study presents recent trends, growth prospects, drivers, challenges, and restraints in both emerging and developed regions. It also includes current and future market outlooks. It gives stakeholders knowledge of potential industry trends and aids in their prediction of upcoming market dynamics.
Industry Analysis: Using Porter’s Five Forces Analysis, the research provides a comprehensive analysis of the industry, looking at factors such as the bargaining power of customers and suppliers, rivalry among businesses, the threat of alternative products, and the threat of new entrants. This research helps to comprehend how fiercely the market is competitive.
Value Chain Insights: Through a thorough examination of the value chain, the research offers insightful information about the market. This aids stakeholders in comprehending the main processes and actors involved in the creation and supply of the good or service.
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