Global Sprinkler Irrigation Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Sprinkler Irrigation Systems Market: Overview:
“The global Sprinkler Irrigation market size is expected to be worth around US$ 736 million by 2021 from US$ X.xx million in 2031, growing at a CAGR of 2.1% during the forecast period 2021 to 2031.”
Sprinkler irrigation is a method where water is sprayed into the air and allowed to fall on the ground surface resembling rainfall.
The global sprinkler irrigation systems market is driven by factors such as growing water scarcity and growing demand for better yield & quality of crops. Moreover, increasing demand for equipment for spraying chemicals and fertilizers using sprinklers and growing demand to improve crop yield capacity and quality improvements are some factors expected to drive growth of the target market.
Furthermore, growing awareness and shifting preference towards modern techniques for safety and convenience along with increasing investments in R&D activities are some factors expected to fuel growth of the global market.
In addition, favorable government initiatives to encourage farmers to adopt irrigation systems by providing subsidies to farmers. For example, Pradhan Mantri Krishi Sinchayee Yojana – the scheme introduced by Government of India, encourages farmers to use sprinkler irrigation systems to save water.
However, high installment costs and lack of awareness and concerns to save natural may hamper growth of the target market.
A recent trend observed in the target market is smart irrigation systems and solutions are being adopted in several parts across the globe. Technological advancements in sensors, smart irrigation systems are used in domestic areas such as schoolyards, government parks, and community botanical gardens
Global Sprinkler Irrigation Systems Market: Segment Analysis
Among the type segments, the center pivot systems segment is projected to hold the largest market share in the global market.
Among the crop type segments, the cereals segment is estimated to dominate the market over the forecast period.
Among the field size segments, the large size field segment is anticipated to register substantial growth rate over the forecast period.
Among the mobility segments, the stationary segment is expected to account for higher revenue shares in the global market.
Global Sprinkler Irrigation Systems Market: Region Analysis
The market in North America is projected to contribute a major share in the global market. This is attributed to the high production of corn, large field sizes, and high farm income in the US and Canada.
Moreover, extensive use of mechanized irrigation systems to maximize the production and increasing the export trade, further exhibit growth of the sprinkler irrigation systems market.
The market in the Asia Pacific is expected to register substantial growth in the global market in terms of revenue over the forecast period, owing to government initiatives and investments for advanced technological farm equipment and treatment methods, requirement of high-quality agricultural production, increasing import & export scenario, along with increasing water stress in the region.
Moreover, agro-climatic conditions and a high proportion of available agricultural land in countries such as China, Japan, and India is expected to drive growth of the target market in the region.
Global Sprinkler Irrigation Systems Market Segmentation:
Segmentation by Type:
- Center Pivot Irrigation System
- Lateral Move Irrigation System
- Solid Set Irrigation System
Segmentation by Crop Type:
- Other Cereals
- Oilseeds and Pulses
- Other Oilseeds and Pulses
- Fruits and Vegetables
Segmentation by Field Size:
- Small Fields
- Medium Fields
- Large Fields
Segmentation by Mobility:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Valmont Industries, Inc.
- Lindsay Corporation
- T-L Irrigation Company
- Reinke Manufacturing Company, Inc.
- Nelson Irrigation Corporation
- Rain Bird Corporation
- Jain Irrigation Systems Limited
- Alkhorayef Group
- Pierce Corporation
- Hunter Industries
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