Global Sprinkler Irrigation Systems Market: Key Highlights
Global Sprinkler Irrigation Systems Market: Key Market Dynamics
Global Sprinkler Irrigation Systems Market: Regional Overview
North America, is expected to dominate the sprinkler irrigation system market owing to the presence of key players in sprinkler irrigation systems such as Valmont Industries, Inc., T-L Irrigation Co, and others. Providing a competitive advantage. Moreover, the rising demand for agriculture products due to decreasing water wastage, increasing population, government subsidiaries, and technological advancement in irrigation facilities has expected to boost the demand for the product market.
The sprinkler irrigation system market in the Asia Pacific region is projected to witness high demand owing to the maximum number of emerging countries such as India, China, Japan, Indonesia, and others. The government in these countries has increasing subsidiaries for the utilization of a sprinkler irrigation system is one of the factors responsible for the growth of the market in the region. For instance, the government of India has launched Pradhan Mantri Krishi Sinchai Yojana (PMKSY) or Prime Minister’s Agriculture Irrigation Program, July 2015. This policy was initiated to shift towards the use of sprinkler irrigation systems for saving water in agriculture and increase crop yield.
Global Sprinkler Irrigation Systems Market: Key Players Overview
Valmont Industries Inc. engaged in the manufacturer of Valley center pivot and linear irrigation equipment. The company operates through the following business segments equipment, crop & farm management, and precision agriculture. Valmont Industries Inc. has its manufacturing facilities United States, Brazil, China, South Africa, Spain, and the United Arab Emirates and operates through around 450 dealers across the globe. In August 2018, the company announced a new hybrid machine X-Tec motor which will operate up to twice the speed of the ordinary center drive motor.
Reinke manufacturing co., inc., is one of the leading in irrigation system and technology. The company offers center pivots, precision ag, specialty, lateral move, genuine parts, water application, and coating products. They operate through various dealers across the globe and has manufacturing facilities located in the U.S. and China. In February 2020, Reinke acquired Ace Irrigation & Manufacturing, a supplier of quality products of irrigation system with an aim to expand its manufacturing operation.
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