Leading Micro Irrigation System Country Markets Databank
The Micro Irrigation System market was valued at $9,762.3 Million in 2020, and is projected to reach $36,427.8 Million by 2029 growing at a CAGR of 15.82% from 2021 to 2029. North America is expected to be the highest contributor to this market, with $2,870.1 Million in 2020, and is anticipated to reach $10,658.8 Million by 2029, registering a CAGR of 15.74%. Asia-Pacific is anticipated to reach $10,631.9 Million by 2029 with the highest CAGR of 18.08%. North America and Europe collectively expected to account for about 56.0% share of the Micro Irrigation System market in 2020, with the former constituting around 29.4% share. Asia-Pacific and North America are expected to witness significant growth rates at a CAGR of 18.08% and 15.74% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 53.9% in the overall Micro Irrigation System market in 2020, and is anticipated to reach 58.4% by 2029.
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