Demand For Water Conservation Has Expected To Supplement Sprinkler Irrigation Systems Market Growth In Agriculture Sector

Sprinkler Irrigation Systems Market Size, Share, Trends, Growth, Analysis, Research

Global Sprinkler Irrigation Systems Market: Key Highlights

  • According to the new market research report Sprinkler Irrigation Systems Market by Type (Lateral Move Irrigation Systems, Center Pivot Irrigation Systems, Solid Set Sprinkler Systems, Others), by Mobility (Stationary, Towable), by Field Size (Small, Medium, Large), by Crop Type (Fruits & Vegetable, Oilseeds & Pulses, Cereals, Others), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global sprinkler irrigation system market is estimated to reach USD 2.9 Billion by 2027 at a CAGR of around 2.1% during the review period.  
  • Reduction in labor costs, availability of equipment for spraying fertilizers & chemicals using sprinklers, and ease of operations are expected to supplement the market growth
  • Changing climatic conditions and rising awareness regarding water management are expected to surge the market growth
  • Advancement in irrigation technology to help farmers to improve their irrigation practices has expected to drive the product growth

Sprinkler Irrigation Systems Market

Global Sprinkler Irrigation Systems Market: Key Market Dynamics

  • Increasing water scarcity has boosted the need for adopting sprinkler irrigation systems which ensure maximum yield using less amount of water
  • Demand for food across the globe coupled with increasing population has expected to boost the market growth during the forecasted period
  • Higher capital investment is one of the major factors which may restrain the growth of product market

Global Sprinkler Irrigation Systems Market: Regional Overview

  • North America

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. 

  • Asia Pacific

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.:

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.:

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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Rep Id : AG 07

Published : 2020-02-19

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