Sprinkler Irrigation Systems Market Research Study, Size, Share, Growth Analysis and Forecast to 2024
- POSTED ON Friday, November 8, 2019
Global Sprinkler Irrigation Systems Market size is projected to expand at a CAGR of 2.1% during the forecast period. The market was valued at approximately USD 2.3 billion in 2018. Sprinkler irrigation is a method of irrigation, wherein sprinklers are used to release water similar to rainfall through small-diameter nozzles. In this method, water is distributed through a system of pipes and sprayed into the air, which provides efficient coverage for small to large areas of land. Sprinkler irrigation is a type of pressurized irrigation system. The adoption of water-saving irrigation practices among farmers is primarily driving the growth of the global market. Moreover, initiatives taken by governments and on-governmental organizations (NGOs) to promote the sprinkler irrigation systems for effective water management is boosting the growth of the market. Market Research Future (MRFR) announces the publication of its research report on the Global Sprinkler Irrigation Systems Market, 2017–2024.
Some of the key players in the Global Sprinkler Irrigation Systems Market include Lindsay Corporation (US), Valmont Industries Inc. (US), Jain Irrigation Systems Ltd. (India), Rivulis (Israel), Netafim Limited (Israel), The Toro Company (US), Rinke Manufacturing Co., Inc. (US), Nelson Irrigation Corporation (US), T-L Irrigation Company (US), Antelco Pty. Ltd. (Australia), Mahindra EPC Ltd. (India), Elgo Irrigation Ltd. (Israel), Irritec S.P.A. (Italy), Hunter Industries Inc. (US), and Access Irrigation Ltd. (UK).
On the basis of region, Global Sprinkler Irrigation Systems Market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
North America accounted for the largest share of the sprinkler irrigation systems market in 2018, with the US being a major contributor to the growth. Rise in preference for irrigation systems with efficient and effective distribution of water in the agricultural land has increased the adoption of sprinkler irrigation systems among farmers. Water shortages and droughts in various areas of the US in the past have primarily increased the preference for these irrigation systems. Moreover, technological advancements in sprinkler irrigation systems is driving the growth of the market in this region.
The market in Asia-Pacific is projected to grow at the fastest pace during the forecast period. Countries such as China, Japan, India, and Australia are major contributors to the growth of the sprinkler irrigation systems market in this region. Growth of the agricultural industry and rise in adoption of new technologies in irrigation systems are propelling the growth of the market. Government initiatives to increase awareness regarding pressurized irrigation systems are expected to boost the market growth. Moreover, government subsidies in various countries in the support of sprinkler irrigation systems is expected to further fuel the growth of the market in Asia-Pacific.
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Europe is estimated to account for a significant share of the sprinkler irrigation systems market during forecast period. Various government projects to improve the efficiency of water use and reduce energy costs in irrigation systems has boosted the growth of the sprinkler irrigation systems market in the region. In Spain and Portugal, shift from gravity irrigation to pressurized irrigation systems is expected to contribute to the growth of the European sprinkler irrigation systems market.
The market in the rest of the world includes the Middle East, Africa, and South America. South America accounted for a major share of the market in the region in 2018. Moreover, the market in the sub-region is projected to exhibit the highest growth during the forecast period. Key players are increasingly engaging in expansion activities in this region, which, in turn, is projected to boost the growth of the market. Moreover, rising agricultural practices in the Middle East and Africa are projected to boost the growth of sprinkler irrigation systems market in these sub-regions.
Global Sprinkler Irrigation Systems Market has been segmented on the basis of type, crop type, and mobility.
In terms of type, Global Sprinkler Irrigation Systems Market has been classified as center pivot, lateral move, solid set, and others. The center pivot segment is anticipated to dominate the market during the forecast period. However, the solid set segment is projected to exhibit the highest CAGR during the forecast period. By crop type, the market has been divided into cereals, oilseeds and pulses, fruits and vegetables, and others. The cereals segment dominated the market in 2018. However, the oilseeds and pulses segment are estimated to be the fastest-growing segment during the forecast period. Based on the mobility, the market has been bifurcated into stationary and towable. The stationary segment accounted for a major share of the market in 2018. However, the towable segment is expected to be the fastest-growing segment during the forecast period.
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