Key Findings
The North America Micro Irrigation Systems (MIS) market is expected to dominate the global market in terms of revenue generation, throughout the forecast period of 2019-2027, by exhibiting a CAGR of 14.95%. Increased mechanization and government support have developed the sector, enabling farmers to increase their farm size and enhance the overall efficiency by adopting advanced techniques such as MIS.
Market Insights
Major geographies focused in this market are the US and Canada. The US dominates this region, both, in terms of revenue generation and CAGR. Irrigation activities are increasing in this region. About 62,400 thousand acres were irrigated in 2010, an increase of about xx% from 2005. The average production value for an irrigated farm is three times more than that of a dryland farm in the US.
COMPETITIVE INSIGHT
Companies such as Rain Bird Corporation, Valmont Industries, Inc., Lindsay Corporation, Mahindra EPC Irrigation, T-L Irrigation Co., Toro Company, Irrigation & Water Technologies (IWT), Jain Irrigation Systems Ltd., Hunter Industries, Nelson Irrigation Corporation, Netafim Ltd., and Rivulis Irrigation Ltd. have established themselves in this market.