DUBLIN–(BUSINESS WIRE)–The “India Micro Irrigation Systems Market – Growth, Trends, and Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.
India Micro Irrigation Systems Market is projected to grow at a CAGR of 10.9% during the forecast period (2020 – 2025)
The Indian farmers have been increasingly encouraged to adopt micro-irrigation systems on open fields for efficient water usage and an increase in agricultural yield. The area under open filed micro-irrigation is higher than in greenhouses in the country. Most of the greenhouses equipped with micro-irrigation in the country are used for horticultural production with more farmers inclining towards greenhouse cultivation owing to benefits such as year-round production.
The drip irrigation system dominated the market in 2019, owing to higher subsidies offered by the central and state government in various states. Jain Irrigation Systems Limited, Netafim, Avanijal Agri Automation Pvt. Ltd., Agsmartic Technologies Pvt. Ltd. and Flybird Farm Innovations Pvt. Ltd., among others, have been the most active players in the India micro-irrigation systems market. These players are adopting product innovation as their most adopted strategy to have a competitive edge over other players in the market.
Key Market Trends
Increase in Greenhouse Cultivation is Driving the Market
In recent years, the cultivation of flowers and vegetables has emerged as a major alternative to overcome yield issues, and as greenhouses ensure year-round production, farmers are showing greater interest in it. The greenhouses in the country are, mostly, equipped with micro-irrigation systems., and under the greenhouse segment, drip irrigation is the most dominant micro-irrigation system. Major crops cultivated under greenhouses are leafy vegetables, capsicum, flowers, and tomatoes. Many state governments in the country are granting subsidies for the construction of greenhouses. Thus, increasing intervention of several state governments by providing subsidies, coupled with rising product innovation of major players is anticipated to drive the market further.
Andhra Pradesh and Telangana is Dominating the Market
Andhra Pradesh and Telangana have been long characterized with abysmally low groundwater levels, with the states recording further truncated levels at 15.75 meters below ground level (MBGL) and 14.14 meters below ground level (MBGL) respectively, in early 2019. As a result, the micro-irrigation project (MIP) in the respective states has been increasingly encouraging farmer registrations, with 954,169 and 8,003 farmers being currently registered in both the states under the financial plan for 2019-2020.
According to NABARD consultancy services (NABCONS), the farmers in Telangana witnessed net savings of 25.54 TMC of water, owing to the adoption of the micro-irrigation system over the years, which equivalents to an enormous saving totaled to USD 1.02 billion. The Andhra Pradesh micro-irrigation project (APMIP) sanctioned the highest area to the production of mangoes under fruits, tomatoes under vegetables, and groundnut under agricultural crops, keeping in view the highly competitive advantage in trade for these crops. With deficit groundwater levels and supportive government-funded projects to promote micro-irrigation in the region, the market for micro irrigation systems is expected to grow during the forecast period.
Competitive Landscape
Indian automated micro-irrigation systems market is consolidated with major players such as Jain Irrigation Systems Ltd., and Netafim holding the majority of the market share. as these major players in the market are expanding their business by adopting various strategies such as mergers & acquisitions, expansions, partnerships, and product launches. On Aug 2018, FlyBird Farm Innovations entered into a partnership with ConserWater Technologies, a US-based company, to bring Artificial Intelligence (AI) and Internet of Things (IoT) to the Indian farmers.
MARKET SEGMENTATION
Mechanism Type
Application Type
End-Users
States Analysis
Company Profiles
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