(I-BusinessNews.Com, November 09, 2018 ) In the year 2018, Global Greenhouse Irrigation Systems Market was valued at USD 1110 Million. By the year 2023, it is expected to reach USD 1840 Million at pace of 10.58% CAGR.
Greenhouse is defined as a covered structure which protects the plants from unfavorable climate conditions, crop diseases and offers a flexible solution for sustainable and efficient cultivation in the agricultural sector. Due to effective climate control, the water requirement in greenhouse farming is lesser when compared to open land farming. Greenhouse irrigation system is mainly used to produce vegetables, flowers & ornamentals, fruit plants, nursery crops, and others. The major irrigation systems used in the greenhouse farming are drip irrigation, boom irrigation, and micro sprinkler systems. When compared to open land farming, greenhouses are smaller in size due to this micro sprinklers and drip irrigation are the most suitable types of irrigation systems for watering the plants.
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Underlying Causes
The growth for Greenhouse Irrigation System market is driven due to factors like greenhouse system helps the farmers to protect crops from pests and animals, reduce water wastage in agriculture, greenhouse farming prevents crop loss from unfavorable climatic conditions. In addition, advancement of technologies in farming sector, increasing demand for different crops, rising population across the globe, increasing demand for quality fruits and vegetables are some of the driving factors which is expected to contribute market growth for greenhouse irrigation system market. However, lack of technical knowledge, and huge investment associated to set up Greenhouse are the major restraining factors which is expected to decline the growth rate for global greenhouse irrigation system market during the forecast period.
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Geographic Segmentation:
Based on geography the Greenhouse Irrigation System market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. Asia-Pacific holds the largest market share in the global greenhouse irrigation system market due to increasing adoption rates of greenhouse farming, increasing governments support by sanctioning loans to set up greenhouse system, increasing population and rising demand for organic fruits and vegetables are the factors driving the market growth in this region. North America and Europe are expected to grow at slightly faster rate due to rising demand for fruits and vegetables.
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Key Players:
Leading companies for Global Greenhouse Irrigation Systems market are Lindsay Corporation, EPC Industries Limited, Rain Bird Corporation, Nelson Irrigation Corporation, Irritec S.P.A., Netafim Ltd., Rivulis Irrigation Ltd., Jain Irrigation Systems Ltd., Valmont Industries Inc., and the Toro Company.
Market Data Forecast.
Abhishek Shukla
+1-888-702-9626
abhishek@marketdataforecast.com
Source: EmailWire.Com 
