Growing issues of water scarcity and increasing demand for quality food are driving growth in global sprinkler irrigation system market
“Sprinkler Irrigation Systems Market”
The gradual shift from flood irrigation practices to more modern techniques and increased awareness of water conservation are key factors fueling the growth of the sprinkler irrigation systems market.
Sprinkler irrigation systems are widely used in agriculture to provide controlled water to field crops and to ensure minimum water wastage by sprinkling a specific amount of water to irrigate the soil. These systems save up to 30-40% water, provide better crop yields, reduce labor costs and soil compaction, and are also suitable for hilly terrain.
The gradual shift from traditional irrigation methods to modern irrigation methods and the growing awareness of the importance of water conservation and the benefits of sprinkler irrigation are key factors that are boosting the market for sprinklers. sprinkler irrigation systems. In addition, increased public and private sector efforts to assist and educate smallholder farmers on the benefits of installing sprinkler irrigation systems, government initiatives to promote sprinkler systems in problem areas Water scarcity and increasing demand for large-scale agricultural production are expected to drive the market growth in the future.
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The global sprinkler irrigation system market size is expected to reach $ 2.89 billion by 2028 and register a CAGR of 2.2%, according to the latest report from Reports and Data. Some of the factors fueling the income growth of the global market are the constant demand for food and crops among a rapidly expanding global population.
Sprinkler irrigation is a technique that allows more efficient use of water to irrigate and cultivate crops and these systems can be deployed in application areas ranging from small farms to large farms. This method is highly preferred by the majority of farmers due to its efficiency and ease of application. Factors such as technological advancements, high application efficiency and low labor costs are increasing the demand for sprinkler irrigation systems. In addition, these irrigation systems are widely used to spray fertilizers and chemicals on farms.
Government initiatives to support the adoption of sprinkler irrigation systems in regions and countries experiencing severe water scarcity and related challenges and the increasing investments of major market players for research and development to d ‘Expanding their product lines are other factors increasing the revenue growth of the market. In addition, there are many private and public organizations and organizations supporting and helping smallholder farmers to use irrigation systems for their farms, which should open lucrative opportunities for market players in the future.
Despite robust growth in the global market, factors such as high installation costs of these systems and low awareness and knowledge of the operation and long term benefits are expected to limit the market growth to some extent during the period forecast.
Valmont Industries (United States), Lindsay Corporation (United States), Jain Irrigation Systems Ltd. (India), The Toro Company (United States), Rivulis Irrigation Ltd. (Israel), Netafim Limited (Israel), Rain Bird Corporation (United States), TL Irrigation (United States), Reinke Manufacturing Co., Inc. (United States), Nelson Irrigation Corporation (United States), Hunter Industries (United States), Mahindra EPC Ltd. (India), Alkhorayef Group (Saudi Arabia), Elgo Irrigation Ltd. (Israel), Antelco Pty Ltd. (Australia) and Irritec SpA (Italy) are major players in the sprinkler irrigation system market.
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For this study, Reports and Data segmented the global sprinkler irrigation system market on the basis of type, crop type, field size, mobility, and region:
Based on type: (Revenue, billion USD, 2018 – 2028)
- Center Pivot Irrigation Systems
- Lateral displacement irrigation systems
- Solid sprinkler systems
Based on crop type: (Revenue, billion USD, 2018 – 2028)
- Oilseeds & Legumes
- Fruits and vegetables
Based on field size: (Revenue, billion USD, 2018 – 2028)
- Small fields
- Medium sized
- Large fields
Mobility-based (revenue, billion USD, 2018 – 2028)
Based on region: (Volume, Kilotons; Revenue, USD Billions, 2018 – 2028)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Some highlights of the report:
- Based on the type, the Oilseeds and Pulses segment is expected to register the fastest revenue CAGR throughout the forecast period due to the need for low labor or labor and production. ‘smarter use of water, and constant demand for different types of oilseeds and pulses.
- On the basis of mobility, the stationary segment is expected to represent significant revenue growth during the forecast period due to low maintenance costs and high installation rates in fields of various sizes.
- On the basis of type, the solid sets segment is expected to register significant revenue growth during the forecast period due to the relatively easy operations and increasing demand for irrigation of small fields, fodder and gardens, in especially in developing economies.
- North America accounted for the largest revenue share in the global market in 2020 and is expected to continue to dominate during the forecast period owing to the availability of large arable land and the presence of established market players. .
- The Asia-Pacific market is expected to register the fastest revenue CAGR of 1.6% during the forecast period owing to favorable government initiatives to support modern irritation techniques and growing demand for crops. among the growing populations of the countries of the region.
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