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Drip Irrigation Systems Market Expected to Reach US$ 317.42 Mn in 2020: Transparency Market Research

Albany, NY, May 6, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Drip Irrigation Systems Market - Middle East and North Africa Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", the market was valued at US$ 98.27 Mn in 2013 and is expected to reach US$ 317.42 Mn by 2020, growing at a CAGR of 18.3% from 2014 to 2020. The Middle East region was the largest contributor to the MENA drip irrigation systems market in 2013 and is expected to hold the dominant position in the market during the forecast period at a CAGR of 18.3% from 2014 to 2020. The high penetration of drip irrigation systems in countries such as Turkey, Israel and Iran is the most significant factor responsible for this growth. However, due to growing efforts for agricultural development, North Africa is estimated to be the fastest growing market for drip irrigation systems in MENA. The drip irrigation systems market in North Africa is estimated to grow at CAGR of 18.5% from 2014 to 2020.

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Drip irrigation systems are the most efficient irrigation techniques with minimal water wastage. For highly arid MENA region, the efficiency of sprinkler irrigation is significantly affected as large quantity of water is evaporated to the environment before reaching the plant roots. Drip irrigation systems apply water close to the roots of plants thereby eliminating the chances of evaporation due to high temperature. Thus, due to high advantages of drip irrigation systems over other irrigation techniques, the demand for these systems is expected to grow substantially during the forecast period.

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The major applications of drip irrigation systems include agriculture, gardens (public and residential) and others. The others segment include greenhouses and nurseries. In 2013, the agriculture segment accounted for the largest share, in terms of revenue, in the MENA drip irrigation systems market and is estimated to hold the dominant position throughout the forecast period. The agriculture segment accounted for a share of 49.3% of the total revenue generated in the MENA drip irrigation systems market in 2013. The agriculture segment in the MENA drip irrigation systems market is estimated to grow at CAGR of 18.9% from 2014 to 2020.

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On the basis of components, tubing segment was dominant, in terms of revenue, in the MENA drip irrigation systems market with the share of 39.5% of the total revenue generated in 2013. This was mainly due to the high penetration of round tubing for drip irrigation in the region. However, the flat tubing segment is expected to witness the highest growth during the forecast period due to their durability advantages over round tubing. The flat tubing segment is predicted to grow at CAGR of 19.9% from 2014 to 2020.

The market for drip irrigation systems in the Middle East and North Africa is fragmented in nature. The market comprises different global as well as regional players operating in the region. Companies operating in MENA focus on expanding their distribution networks in order to sustain and increase their sales in the region. Some of the major companies in the MENA drip irrigation systems market are Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Rain Bird Corporation and others.

The report studies the drip irrigation systems market in MENA region, and provides estimates in terms of revenue (US$ Mn) from 2012 to 2020. Market estimates are provided on the basis of components, applications and geographic regions.

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Market Segmentation of MENA Drip Irrigation Systems Market:

Drip Irrigation Systems Market, by Component Type

Drip Emitters

Round Drip Emitters

  • Pressure Compensating Drip Emitters
  • Non-pressure Compensating Drip Emitters

Flat Drip Emitters

Tubing

  • Round Tubing
  • Flat Tubing
  • Plain Tubing
  • Backflow Preventers
  • Valves
  • Filters
  • Pressure Regulators
  • Fittings

Drip Irrigation Systems Market, by Applications

  • Agriculture
  • Gardens (Public and Residential)
  • Others (Greenhouses and Nurseries)

Drip Irrigation Systems Market, by Region

Middle East

  • United Arab Emirates (UAE)
  • Saudi Arabia
  • Qatar
  • Kuwait
  • Israel
  • Turkey
  • Iran
  • Rest of the Middle East (RoME)

North Africa

  • Algeria
  • Egypt
  • Morocco
  • Sudan
  • Rest of North Africa (RoNA)

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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Source:Transparency Market Research