Need for Clean & Continuous Water Supply Drives Demand for Water Supply and Irrigation Systems, According to New Report by Global Industry Analysts, Inc. - WKRN News 2

Need for Clean & Continuous Water Supply Drives Demand for Water Supply and Irrigation Systems, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Water Supply and Irrigation Systems markets. Global market for Water Supply and Irrigation Systems is projected to reach US$47.1 billion by 2020, driven by growing demand for water from industrial, agriculture, and residential sectors; increasing emphasis on good water quality; and the need to upgrade aging water infrastructure.

San Jose, California (PRWEB) June 24, 2014

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Increasing water demand and a corresponding decline in water supply has increased the significance of good quality water. Dwindling water sources, growing industrialization, and rapid population growth coupled with ground and surface water pollution are exerting immense pressure on water resources, necessitating immediate and effective measures to tackle the issue. Water supply and treatment technologies, in this regard, are witnessing strong demand in sync with the spiraling need for clean and potable water. With governments across the world now focusing on establishing efficient water supply systems to ensure sustainable development, investments in highly efficient water and wastewater treatment technologies is increasing.

A large percentage of water supply and sewer systems currently in operation across the world are obsolete and in dire need of upgrade. Against this backdrop, funding for modernization of water infrastructure, especially in developed countries, will create significant opportunities for the growth of water supply systems. Additionally, growing population in developing markets and rapid urbanization are creating an enormous need for expanding water supplies. To ensure water security amidst growing concerns over an impending water crisis, utilities worldwide are focusing on alternative water supply sources, such as recycled water, to address growing water requirements.

The agricultural sector is one of the largest consumers of freshwater. Demand for advanced irrigation systems is poised to grow in line with the increase in world crop production and the accompanying rise in both arable land and irrigated land area. Existing practices such as using ditches for irrigation are known to be highly inefficient and lead to enormous water wastage. And given the growing water shortage and rising cost of water, focus is being shed on efficient water usage. As a result, innovative irrigation technologies hold strong potential for growth. Modern micro irrigation systems are growing in popularity for its ability to lower the volume of water required for irrigation. Other technologies poised to benefit include turf and landscape irrigation systems, which utilize automatic controllers that are capable of regulating watering using scientific calculations based on plant needs.

As stated by the new market research report on Water Supply and Irrigation Systems, the United States represents the largest market worldwide. Emerging economies are forecast to provide lucrative opportunities for future growth in the market. The low rate of farm mechanization in the Middle East, Asia Pacific and Latin America holds huge untapped demand potential for irrigation machinery. Asia-Pacific ranks as the fastest growing market worldwide with a CAGR of 7.4% during the analysis period.

Major players covered in the report include American Water Works Company Inc., Aqua America Inc., Artesian Water Company, Deere & Company, Jain Irrigation Systems Limited, NaanDanJain Irrigation Ltd., Lindsay Corporation, Mahindra & Mahindra Ltd., Middlesex Water Company, Nelson Irrigation Corporation, Netafim Ltd., Rain Bird Corporation, Suez Environnement, Thames Water Commercial Services Ltd., The Toro Company, and Veolia Environnement among others.

The research report titled "Water Supply and Irrigation Systems: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia Pacific), Middle East and Latin America (Brazil, Mexico and Rest of Latin America).

For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Water_Supply_and_Irrigation_Systems_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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