Global Sprinkler Irrigation System Market is driven by surging demand for higher yielding crops in the forecast period, 2023-2027.
According to TechSci Research report, “Sprinkler Irrigation System Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”, The global sprinkler irrigation system market may show a robust growth in the forecast years, 2023-2027 with an anticipated CAGR value. The market growth can be attributed to the factors like increasing demands for higher yielding crops. Upsurge in the demands for efficient methods of crop irrigation systems that also saves cost of agriculture further drives the growth of the global sprinkler irrigation system market in the upcoming five years. Advantages of the sprinkler irrigation system further influences the growing demand for the system, as it reduces water wastage during irrigation, promises higher yields of the crops, and enables fluid distribution of soluble fertilizers and necessary chemicals to the crop fields, thus supporting the growth of the global sprinkler irrigation market in the next five years. Through research and advanced technology market players are trying to introduce for efficient and effective agricultural equipment that satisfies the growing agricultural demands. Higher investment in the agricultural industry and supporting governmental schemes, and favorable agricultural programs are also substantiating the growth of the global sprinkler irrigation system in the future five years. Moreover, increasing number of farms, higher preferences for owning lawns and gardens in residential as well as corporate infrastructures, growing number of villas, and higher impositions of green buildings idealizing non-agricultural lands for irrigation are aiding the growth of the global sprinkler irrigation system market in the forecast years, until 2027.
Traditional irrigation system and lack of financial support to the farmers in developing nations may pose as threat to the future growth of the market but government initiatives to the potential larger farms may help in overcoming the drawbacks and thus drive market growth in the forecast period.
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The global sprinkler irrigation system market segmentation is based on type, field size, mobility, spray pattern, application, crop type, regional distribution, and competitive landscape. Based on type, the market is further segmented into central pivot, lateral move, solid set, and others. Solid set type of sprinkler irrigation systems is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of its higher preferences among farmers since they have lowest irrigation labor requirement and the highest per-acre equipment cost of any type of sprinkler system. Moreover, the systems add up to management practices and their improvement thus enabling farmers to take care of their fields and thus increases the yields of crops. Additionally, the solid set system can be used to apply fertilizer, water for frost protection or crop cooling, herbicides, insecticides and fungicide, along with usual irrigation of lands. Central pivot & lateral move sprinkler irrigation systems are usually installed for very large farms that applies water to pasture or crop from above the canopy. The systems have advantages like precise application, reduced variability, low labor requirement, opportunities for fertigation. Although cost of installation and management may restrict its usage.
Sprinkler irrigation system market is also distinguished on the basis of application, into agricultural and non-agricultural. Agricultural lands may have higher application of the sprinkler irrigation systems and thus dominate the market segment & hold the largest revenue shares of the market in the upcoming five years on account of larger agricultural lands demands. Very large farms for the food crops and higher production of the food crop to ensure food safety for the growing population of the world, drives the growth of the global sprinkler irrigation system market in the next five years.
Some of the market players, dominating the global sprinkler irrigation system market are :
- Valmont Industries
- Lindsay Corporation
- Jain Irrigation Systems Ltd.
- The Toro Company
- Rivulis Irrigation Ltd.
- Netafim Limited
- Rain Bird Corporation
- Reinke Manufacturing Co., Inc.
- Nelson Irrigation Corporation
- Hunter Industries
- Mahindra EPC Ltd.
- Alkhorayef Group
- Elgo Irrigation Ltd.
- Antelco Pty Ltd.
- Irritec S.p.A
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“North America has led the market growth in historical period and is anticipated to dominate the market segment with largest revenue generating shares in the upcoming five years too. Advancement in the technology and evolving agricultural practices in the major economies like the United States, Mexico, etc. also aid to the growth of the market. New market players may focus on the area and sizes of farms in the region and substitute their innovative products and their portfolios may be designed appropriately. Asia Pacific region is budding market in the terms of highly advanced technology and in-expensive agricultural equipment use. Although in countries like China, Japan, South Korea, advanced technology is being used, but in other counties like India, Thailand, Singapore, etc. quick adaptation to technically advanced systems are slower and holds higher scope for the global players to penetrate individual markets,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Sprinkler Irrigation System Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Type (Central Pivot, Lateral Move, Solid Set, Others), By Field Size (Small, Medium, Large), By Mobility (Stationary v/s Towable), By Spray Pattern (Rotating Head v/s Perforated Pipe), By Application (Agricultural v/s Non-Agricultural), By Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Olericulture, Cotton & Others), By Region”, has evaluated the future growth potential of global sprinkler irrigation system and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global sprinkler irrigation system market.
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