Micro irrigation systems are becoming increasingly popular all over the world, and a report from Transparency Market Research shows the demand is not slowing down anytime soon.
The report, “Micro Irrigation Systems Market – Global Industry Analysis, Size, Share, Trends and Forecast, 2012-2018” shows that the micro irrigation systems market is going to reach 4.8 billion by 2018 with a compound annual growth (CAGR) of 18 percent from 2012 to 2018.
The sprinkler irrigation system is predicted to remain the largest segment account for 47 percent revenue share in 2018 of the overall micro irrigation systems market.
However, the drip irrigation system will be the fastest growing segment at a CAGR of 19.3 percent by 2018, the report states.
It is projected that Asia Pacific will remain the fastest growing regional market due to India and China governments use of micro irrigation systems.