publisher sample - marketresearchmicro irrigation systems manufacturers micro irrigation systems...

of 14/14
MarketsandMarkets http://www.marketresearch.com/MarketsandMarkets-v3719/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am - 5:30pm EST Email: [email protected] MarketResearch.com

Post on 08-Jul-2020

0 views

Category:

Documents

0 download

Embed Size (px)

TRANSCRIPT

  •  

     

     

     

    MarketsandMarkets http://www.marketresearch.com/MarketsandMarkets-v3719/

    Publisher Sample

    Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST

    Fridays: 5:30am - 5:30pm EST

    Email: [email protected] MarketResearch.com

    http://www.marketresearch.com/MarketsandMarkets-v3719/

  • It’s all about markets

    MARKETSANDMARKETS

    [email protected]

    www.marketsandmarkets.com

    MICRO IRRIGATION SYSTEMS MARKET

    BY TYPE (DRIP AND SPRINKLER IRRIGATION SYSTEMS),

    BY CROP TYPE (FIELD CROPS, PLANTATION CROPS,

    ORCHARD CROPS AND FORAGE & TURF GRASSES) & BY REGION

    GLOBAL TRENDS & FORECAST TO 2019

  • 1

    MICRO IRRIGATION SYSTEMS MARKET - GLOBAL TRENDS & FORECAST TO 2019

    © MarketsandMarkets

    MarketsandMarkets is a global market research and consulting company based in the U.S. We publish

    strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500

    companies across the world. MarketsandMarkets also provides multi-client reports, company profiles,

    databases, and custom research services.

    MarketsandMarkets covers fourteen industry verticals, including aerospace and defence, advanced

    materials, automotives and transportation, biotechnology, chemicals, consumer goods, energy and power,

    food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and

    electronics, and telecommunications and IT.

    Copyright © 2015 MarketsandMarkets

    All Rights Reserved. This document contains highly confidential information and is the sole property of

    MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the

    approval of MarketsandMarkets.

  • 2

    MICRO IRRIGATION SYSTEMS MARKET - GLOBAL TRENDS & FORECAST TO 2019

    © MarketsandMarkets

    1 INTRODUCTION

    1.1 OBJECTIVES OF THE STUDY

    To define, segment, and measure the micro irrigation systems market with respect to its types,

    applications, and key geographical markets

    To provide detailed information regarding the crucial factors influencing the growth of the

    market (drivers, restraints, opportunities, industry-specific challenges, and burning issues)

    To strategically analyze the micromarkets with respect to individual growth trends, future

    prospects, and contribution to the total market

    To analyze opportunities in the market for stakeholders and details of the competitive

    landscape for market leaders

    To project the size of the market, in terms of value ($million), in the key regions [North America,

    Europe, Asia-Pacific, and Rest of the World (RoW)]

    To project the market size, in terms of value ($million), on the basis of the key types (drip and

    sprinkler irrigation systems)

    To project the size of the market, in terms of value ($million), on the basis of applications

    (agricultural crops, landscape, greenhouse) that are irrigated using micro irrigation systems

    To strategically profile the key players and comprehensively analyze their market share and core

    competencies

    To track and analyze the competitive developments, such as new product launches,

    acquisitions, investments, expansions, partnerships, agreements, joint ventures, collaborations,

    and product approvals in the micro irrigation systems market

    1.2 MARKET DEFINITION

    Irrigation of different modes and types has been practiced since ancient times. With the rapid increase in

    population and industrialization, the pressure on available water resources has increased in terms of both,

    the quantity of water required and the quality standard. For better water resource management,

    agricultural development, and food security, important measures such as water management technology

    development and utilization of new technologies in all aspects of agriculture should be adopted.

    Micro irrigation is the slow application of water on, above, or below the soil by surface drip, subsurface

    drip, bubbler, and micro-sprinkler systems. Where labor is scarce and expensive or where medium to large

    areas need to be irrigated precisely and frequently with minimum waste of time and water, micro irrigation

    systems are highly preferred.

    Micro irrigation systems include drip method and sprinkler method of irrigation systems as the approach in

    both systems involves controlled supply of water in small quantities with required consistency. Micro

    irrigation is practiced mainly to increase the efficiency of water use in agriculture and it is gaining higher

    importance as the exploitation of groundwater has been increasingly alarming in a majority of countries

    such as Mexico, China, and India. Micro irrigation systems deliver water and fertilizer nutrients directly to

    plant root systems through the help of drip irrigation, thereby offering a more efficient alternative to flood

    and sprinkler irrigation systems. Sprinkler irrigation systems are highly used in foliar application of

    nutrients to the plants.

  • 3

    MICRO IRRIGATION SYSTEMS MARKET - GLOBAL TRENDS & FORECAST TO 2019

    © MarketsandMarkets

    1.3 MARKET SCOPE

    This market study covers various segments of the micro irrigation systems market (type, crop type,

    and region) for arriving at the size of the market in the period between 2012 and 2019.

    FIGURE 1 MICRO IRRIGATION SYSTEMS MARKET SEGMENTATION

    TYPE CROP TYPE

    REGION

    TYPE

    • Drip irrigation system

    • Sprinkler irrigation system

    REGION

    • North America

    • Europe

    • Asia-Pacific

    • RoW

    CROP TYPE

    • Field crops

    • Plantation crops

    • Orchard crops

    • Forage & turf grasses

    Note: Rest of the World (RoW) includes Latin America, the Middle East, and Africa

    Source: Related Research Publications, Expert Interviews, and MarketsandMarkets Analysis

    The micro irrigation systems market scope considered for the study is as follows:

    Segment Scope

    Micro irrigation systems market,

    by type

    The scope of the micro irrigation systems market in this report has been restricted

    to the market that uses drip method and sprinkler method of irrigation systems

    (complete set of system & parts) to irrigate crops/plants.

    Micro irrigation systems market,

    by crop type

    Micro irrigation systems, by crop type, refer to the market that uses the systems to

    irrigate crops/plants.

    Micro irrigation systems market,

    by region

    The scope of the report, based on key regions, includes North America, Europe,

    Asia-Pacific, and Rest of the World (RoW).

    Key countries which accounted for a large share in each region have been studied

    individually. The market size for remaining countries in the respective region has

    been studied collectively as a single market at the end of each of the respective

    segments.

    1.3.1 YEARS CONSIDERED FOR THE STUDY

    Year Description

    Base year Base year considered in the report was 2013

    Historical year Historical years considered in the report were 2012 and the years prior to that

    Projected years Future years considered in the report were from 2014 to 2019

  • 4

    MICRO IRRIGATION SYSTEMS MARKET - GLOBAL TRENDS & FORECAST TO 2019

    © MarketsandMarkets

    1.4 CURRENCY

    The currency used in the report is U.S. dollars, with market size indicated only in $million.

    For companies reporting their revenue in U.S. dollars, the revenues were picked from their

    annual reports.

    For companies that reported their revenue in other currencies, the average annual currency

    conversion rate was used for the particular year to convert the value into U.S. dollars.

    1.5 STAKEHOLDERS

    Micro irrigation systems manufacturers

    Micro irrigation systems importers and exporters

    Micro irrigation systems distributors and suppliers

    Government and research organizations

    Associations and industry bodies [such as Food and Agriculture Organization (FAO),

    International Commission on Irrigation & Drainage (ICID), The Organization for Economic

    Co-operation and Development (OECD), and the United States Department of Agriculture

    (USDA)]

    1.6 LIMITATIONS

    The study has been restricted to the market that uses micro irrigation systems in irrigation

    applications in agriculture irrigation, landscape irrigation, and greenhouse irrigation and

    excluded segments such as fountain components in landscape irrigation and use of systems in

    mining.

  • 5

    MICRO IRRIGATION SYSTEMS MARKET - GLOBAL TRENDS & FORECAST TO 2019

    © MarketsandMarkets

    2 PREMIUM INSIGHTS

    2.1 ATTRACTIVE OPPORTUNITIES IN MICRO IRRIGATION SYSTEMS

    MARKET

    FIGURE 2 ATTRACTIVE OPPORTUNITIES IN MICRO IRRIGATION SYSTEMS MARKET

    ATTRACTIVE MARKET OPPORTUNITY

    • Global micro irrigation systems market - XX

    million in 2013 from

    XX million in 2012

    • Market growth is attributed to increasing water

    scarcity, advancement in agriculture

    technology, growing awareness amongst

    farmers, and government initiatives to

    promote sustainable agriculture practices

    • Geographic expansion in emerging markets

    and increased application of micro irrigation

    systems offering efficient water management

    scheduling

    • Emerging economies such as India, China, and

    Brazil offer potential growth opportunities

    XX

    XX

    2014-e 2019-p

    XX

    e – Estimated; p - Projected

    Source: Expert Interviews, Annual Reports, and MarketsandMarkets Analysis

  • 6

    MICRO IRRIGATION SYSTEMS MARKET - GLOBAL TRENDS & FORECAST TO 2019

    © MarketsandMarkets

    2.2 MICRO IRRIGATION SYSTEMS MARKET: PRODUCT SEGMENT,

    BY TYPE

    FIGURE 3 SPRINKLER IRRIGATION SYSTEMS SEGMENT TO GROW AT THE HIGHEST RATE FOR

    THE NEXT FIVE YEARS

    XX

    XX

    XX

    XX

    XX

    XX

    XX

    2014-e 2015-p 2019-p

    Sprinkler Irrigation Drip Irrigation

    XX%

    XX%

    XX%

    CAGR

    Market

    Size XX)CAGR%

    (2014-2019)

    e – Estimated; p - Projected

    Source: Expert Interviews, Government Authorities, Related Research Publications, Government Publications, and

    MarketsandMarkets Analysis

    The global micro irrigation systems market is segmented on the basis of type into sprinkler and drip

    irrigation systems. The sprinkler irrigation system segment accounted for the largest share in 2013, and

    was valued at XX million, and is projected to grow at a CAGR of XX% between 2014 and 2019. This

    segment dominates the market and is projected to be the fastest-growing market for the next five years

    due to its cost effectiveness and ease of operation as compared to drip irrigation systems. The cost

    benefits and high efficiency of sprinkler irrigation has increased its demand, which is one of the major

    factors driving the sprinkler irrigation systems market.

  • 7

    MICRO IRRIGATION SYSTEMS MARKET - GLOBAL TRENDS & FORECAST TO 2019

    © MarketsandMarkets

    3 MICRO IRRIGATION SYSTEMS MARKET, BY REGION

    3.1 NORTH AMERICA

    North America is the largest market for micro irrigation systems in the world and is projected to grow at a

    CAGR of XX% between 2014 and 2019. It accounted for ~XX% of the global market and was valued at XX

    million in 2013.

    North America has traditionally been a large consumer of micro irrigation systems. Freshwater resources

    are of great environmental and economic importance to the region, but the distribution of these resources

    varies widely. In North America, about XX% of the water extraction is carried out by the industry and

    agriculture sectors combined, but the distribution among different uses varies by country.

    The land under irrigation has increased over the last four decades, doubling in Canada and Mexico and

    increasing by more than XX% in the U.S. A large part of this increase has occurred in arid or semiarid

    regions, where groundwater is the primary water source.

    FIGURE 4 NORTH AMERICAN MICRO IRRIGATION SYSTEMS MARKET: A SNAPSHOT

    The North American micro irrigation systems market is projected to grow at a CAGR ofXX% between 2014 and 2019

    The U.S. accounted for around XX% share, in the North American micro irrigationsystems market

    Canada and Mexico accounted for XX% and XX% share, respectively, in the NorthAmerican market in 2013

    North America: Projected to be the Largest Micro Irrigation Systems

    Market, 2014-2019

    U.S. Canada Mexico

    • Market size XX

    million

    • CAGR = XX

    • Accounted for

    XX% of the North

    American market

    in 2013

    • Market size = XX

    million

    • CAGR = XX

    • Accounted for

    XX% of the North

    American market

    in 2013

    • Market size = XX

    million

    • CAGR = XX

    • Accounted for XX

    of the North

    American market

    in 2013

    Protection against drought with micro irrigation

    Low cost-per-acre irrigation technique

    Rising population & increasing food requirements

    Key Driving Factors of the Micro Irrigation Systems Market

    in North America

    * Market Size in 2013 CAGR%, 2014-2019

    North America: Micro Irrigation Systems Market

    Share ($Million), by Type, 2013

    North America: Micro Irrigation Systems Market

    Share (‘000 Hectares), by Type, 2013

    XX%

    XX%

    XX

    XX

    Sprinkler Irrigation Drip Irrigation

    Source: ICID, FAOSTAT, Expert Interviews, Related Associations/Institutes, Related Research Publications, Government Publications,

    and MarketsandMarkets Analysis

  • 8

    MICRO IRRIGATION SYSTEMS MARKET - GLOBAL TRENDS & FORECAST TO 2019

    © MarketsandMarkets

    TABLE 1 NORTH AMERICA: MICRO IRRIGATION SYSTEMS MARKET SIZE, BY COUNTRY,

    2012–2019 ($MILLION)

    Country 2012 2013 2014-e 2019-p CAGR%

    (2014-2019)

    U.S. XX XX XX XX XX

    Canada XX XX XX XX XX

    Mexico XX XX XX XX XX

    Rest of North America XX XX XX XX XX

    Total XX XX XX XX XX

    e – Estimated; p - Projected

    Source: ICID, FAOSTAT, Expert Interviews, Related Associations/Institutes, Related Research Publications, Government Publications,

    and MarketsandMarkets Analysis

    The North American micro irrigation systems market was valued at XXmillion in 2013. It is projected to

    grow to XX million by 2019 at a CAGR of XX%. The U.S. market was the largest in the region and is

    estimated to reach XX million in 2014. It is projected to grow at a CAGR of XX% and reach XX million by

    2019.

    TABLE 2 NORTH AMERICA: MICRO IRRIGATION SYSTEMS MARKET SIZE, BY COUNTRY,

    2012–2019 (‘000 HECTARES)

    Country 2012 2013 2014-e 2019-p CAGR%

    (2014-2019)

    U.S. XX XX XX XX XX

    Canada XX XX XX XX XX

    Mexico XX XX XX XX XX

    Rest of North America XX XX XX XX XX

    Total XX XX XX XX XX

    e – Estimated; p - Projected

    Source: ICID, FAOSTAT, Expert Interviews, Related Associations/Institutes, Related Research Publications, Government Publications,

    and MarketsandMarkets Analysis

    In North America, the total area under micro irrigation systems was around XX thousand hectares in 2013

    and is projected to reach XX thousand hectares by 2019. The U.S. dominated the total area under micro

    irrigation systems and is estimated to have XX thousand hectares in 2014. The U.S. is projected to grow at

    the highest CAGR of XX% for the projected period.

  • 9

    MICRO IRRIGATION SYSTEMS MARKET - GLOBAL TRENDS & FORECAST TO 2019

    © MarketsandMarkets

    TABLE 3 NORTH AMERICA: MICRO IRRIGATION SYSTEMS MARKET SIZE, BY TYPE,

    2012-2019 ($MILLION)

    Type 2012 2013 2014-e 2019-p CAGR%

    (2014-2019)

    Sprinkler Irrigation XX XX XX XX XX

    Drip Irrigation XX XX XX XX XX

    Total XX XX XX XX XX

    e - Estimated; p – Projected

    Source: ICID, FAOSTAT, Expert Interviews, Related Associations/Institutes, Related Research Publications, Government Publications,

    and MarketsandMarkets Analysis

    Sprinkler irrigation is projected to be the largest and the fastest-growing segment in the North American

    region for the next five years. Sprinkler irrigation is a highly efficient system, which helps conserve water.

    The segment is projected to grow at a CAGR of XX%, to reach XX million by 2019 from XX million in 2014.

    TABLE 4 NORTH AMERICA: MICRO IRRIGATION SYSTEMS MARKET SIZE, BY TYPE,

    2012-2019 (‘000 HECTARES)

    Type 2012 2013 2014-e 2019-p CAGR%

    (2014-2019)

    Sprinkler Irrigation XX XX XX XX XX

    Drip Irrigation XX XX XX XX XX

    Total XX XX XX XX XX

    e - Estimated; p – Projected

    Source: ICID, FAOSTAT, Expert Interviews, Related Associations/Institutes, Related Research Publications, Government Publications,

    and MarketsandMarkets Analysis

    In North America, sprinkler irrigation dominated the micro irrigation system market, in terms of area

    covered. It is estimated to be XX thousand hectares in 2014 and reach XX thousand hectares by 2019,

    growing at a CAGR of XX%. Drip irrigation is projected to grow at a CAGR of XX% during the review period.

  • 10

    MICRO IRRIGATION SYSTEMS MARKET - GLOBAL TRENDS & FORECAST TO 2019

    © MarketsandMarkets

    4 COMPANY PROFILES

    4.1 EPC INDUSTRIES LIMITED

    4.1.1 BUSINESS OVERVIEW

    EPC Industries Limited (India), popularly known as EPC Irrigation, was set up as a technical tie-up with

    French-based KULKER S.A. for manufacturing drip & sprinkler systems. EPC Industries is involved in the

    production and distribution of micro irrigation systems. The company provides solutions for agriculture

    focusing on micro irrigation and inter-related requirements of fertigation and agronomic support. A majority

    stake in EPC Industries has been acquired by Mahindra and Mahindra Ltd. (M&M).

    EPC operates through two segments:

    Micro irrigation systems and Industrial

    Infrastructure pipes

    It offers a variety of micro irrigation products, including driplines, filters, sprinklers, fertigation equipment,

    plain laterals, and nozzles.

    The company has its major presence in India. It faces competition from Jain Irrigation Systems Limited

    (India) and Escorts Limited (India). The company operates all over India, and more particularly through

    mega projects, such as Andhra Pradesh Micro Irrigation Project (APMIP) and Gujarat Green Revolution

    Company Limited (GGRCL).

    FIGURE 5 EPC INDUSTRIES LTD.: COMPANY SNAPSHOT

    COMPANY AT A GLANCE RECENT FINANCIALS

    2014

    Founded : 1981

    Headquarters : Nasik, India

    Employees : XX

    Revenue : XXMillion

    Ownership : PrivateXX

    XX

    XXXX

    XX

    XX

    XX

    XX

    XX

    XX

    XX

    2011 2012 2013 2014

    An

    nu

    al

    Re

    ven

    ue

    ($

    Millio

    n)

    Note: The fiscal year of the company is from April to March

    R&D information is not available

    Source: Company Annual Reports, Company Website, and MarketsandMarkets Analysis

  • 11

    MICRO IRRIGATION SYSTEMS MARKET - GLOBAL TRENDS & FORECAST TO 2019

    © MarketsandMarkets

    4.1.2 PRODUCT OFFERING

    Type Segment Products

    Drip Irrigation System

    Online Drip Irrigation

    ODLPC dripper

    Kimneer dripper

    Plain laterals

    Inline Drip Irrigation

    Cylindrical inline

    Flat drip line

    Thin wall inline

    Drip Irrigation components

    Hydrocylone filter

    Sand filter

    Screen & disc filters

    Header unit

    Sprinkler Irrigation System

    Nozzle Sprinkler head (model S-10)

    Sprinkler head (model S-20)

    QPC Sprinkler Fittings QPC sprinkler pipes

    Rain Gun -

    Source: Company Website, Company Annual Reports, and MarketsandMarkets Analysis

    4.1.3 KEY STRATEGY

    New Product Development:

    The company is looking forward to consolidate and strengthen its position in the market by enhancing its

    distribution by adding new dealers to the new domestic and international markets. The company is in the

    process of acquiring new equipment for new generation technology of micro irrigation systems, which will

    help in the reduction of energy consumption. For future plans of development, the company is in the

    process of introducing new generation micro irrigation technologies.

    4.1.4 DEVELOPMENTS

    Date Approach Description Importance

    February

    2013 Partnership

    EPC Industries tied up with India’s largest lender, the State Bank

    of India (SBI), to help farmers make use of micro irrigation

    techniques to increase their productivity and profitability.

    February

    2011 Acquisition

    Mahindra & Mahindra (M&M) acquired XX% equity stake of EPC

    Industries, a micro irrigation system (MIS) manufacturer

    company. Mahindra & Mahindra has future plans to invest in the

    acquired company to increase the production capacity of EPC

    Industries. This will help EPC Industries to expand its micro

    irrigation system business.

    Source: Company Website, Company Annual Reports, and MarketsandMarkets Analysis

  • 12

    MICRO IRRIGATION SYSTEMS MARKET - GLOBAL TRENDS & FORECAST TO 2019

    © MarketsandMarkets

    Disclaimer: MarketsandMarkets strategic analysis services are limited publications containing valuable

    market information provided to a select group of customers in response to orders. Our customers

    acknowledge, when ordering, that MarketsandMarkets strategic analysis services are for our customers’

    internal use and not for general publication or disclosure to third parties. Quantitative market information is

    based primarily on interviews and therefore, is subject to fluctuation.

    MarketsandMarkets does not endorse any vendor, product or service depicted in its research publications.

    MarketsandMarkets strategic analysis publications consist of the opinions of MarketsandMarkets' research

    and should not be construed as statements of fact. MarketsandMarkets disclaims all warranties, expressed

    or implied, with respect to this research, including any warranties of merchantability or fitness for a particular

    purpose.

    MarketsandMarkets takes no responsibility for any incorrect information supplied to us by manufacturers or

    users.

    All trademarks, copyrights and other forms of intellectual property belong to their respective owners and may

    be protected by copyright. Under no circumstance may any of these be reproduced in any form without the

    prior written agreement of their owner.

    No part of this strategic analysis service may be given, lent, resold or disclosed to non-customers without

    written permission.

    Reproduction and/or transmission in any form and by any means including photocopying, mechanical,

    electronic, recording or otherwise, without the permission of the publisher is prohibited.