Sprinkler Irrigation Systems Industry Analysis, Drivers, Top Trends, Global Analysis And Forecast
Market Scope
Market Research Future (MRFR) studied the global
Sprinkler Irrigation
Systems Industry Analysis 2021 for the study period till 2030.
As per MRFR study, the global sprinkler irrigation system market is expected to
surge at 3.64% CAGR over the analysis period. By 2030, the sprinkler irrigation
system market is likely to earn USD 3.91 Billion.
Drivers and Restrains Impacting Sprinkler
Irrigation System Market
The growing adoption of sprinkler irrigation
by several farmers to keep their agricultural land hydrated to support crops as
sprinkler irrigation mimics rainfall can prompt the expansion of the market.
The rise in considerable traction for sprinkler irrigation among farmers owing
to the benefit of uniformity in the application of water to crops can favor the
market. The increasing concern among agricultural authorities to address
problem arising due to water scarcity is expected to prompt the market rise
owing to the increase in the adoption of sprinkler irrigation systems. The
launch of several governments initiatives to deal with agriculture problems
regarding irrigation by various countries and funding the promotion of water
management can contribute to upsurge of the global Sprinkler Irrigation Systems
Industry.
Key Players of Sprinkler Irrigation System
Market
Jain Irrigation Systems Ltd. (India), Lindsay
Corporation (US), Rivulis (Israel), Valmont Industries Inc. (US), The Toro
Company (US), Netafim Limited (Israel), T-L Irrigation Company (US), Antelco
Pty. Ltd. (Australia), Rinke
Manufacturing Co., Inc. (US), Mahindra EPC Ltd. (India), Nelson Irrigation
Corporation (US), Hunter Industries Inc. (US), Elgo Irrigation Ltd. (Israel),
Access Irrigation Ltd. (UK), and Irritec S.P.A. (Italy) are some prominent companies
in the sprinkler irrigation system market.
Segment Analysis of Sprinkler Irrigation
System Market
The segment study of the sprinkler irrigation
system market is done on the basis of type, crop type, and mobility.
The type-based segments of the global Sprinkler
Irrigation Systems Industry Analysis are lateral
move, center pivot, and solid set among others. The segment of center pivot is likely
to garner the highest revenue for the market by 2027. The need for labor is
less in the case of center pivot irrigation that can fuel the upsurge of the
pivotal segment. The solid set segment is expected to rise at a healthy CAGR over
owing to the ease and widespread application of water through a solid set.
Moreover, the increase in the demand for solid sets across developing countries
can prompt the solid set segment expansion in the near future.
The crop type-based segments of the global Sprinkler
Irrigation Systems Industry are cereals, fruits and vegetables, and oilseeds
and pulses among others. The segment of cereals is expected to dominate the
market owing to the large-scale production of grains and cereals across the world.
The expansion of the oilseeds and pulses segment at a healthy CAGR over the
forecast period can also be attributed to the surge in the demand for oilseeds
among people.
The mobility-based segments of the global Sprinkler
Irrigation Systems Industry are towable and stationary. The segment of stationary
segment is likely to earn high revenue by 2027 due to the widespread utility of
traditional stationary sprinkler irrigation systems, worldwide. At the same
time, the growing demand for towable can favor the towable segment growth in
the analysis period due to their convenience. The increasing adoption of towable
sprinkler irrigation systems can boost the installation of sprinkler risers at
farms. Thus, the increasing adoption of towable sprinkler irrigation systems
can work in favor of the market expansion.
Regional Analysis of Sprinkler Irrigation
System Market
The regional growth of the global Sprinkler
Irrigation Systems Market Suppliers is
assessed for North America, Europe, the Middle East Asia, Asia Pacific, Africa
and the rest of the world.
In North America, the Sprinkler Irrigation
Systems Industry is likely to thrive at a decent CAGR due to the surge in the adoption
rate of sprinkler irrigation systems by crop cultivators. In the North America
region, the US is likely to secure a major share of the sprinkler irrigation
market.
In Europe, the increase in problems associated
with water scarcity in numerous European regions and the rise in concern to address
these problems are contributing to the increasing demand for Sprinkler
Irrigation Systems Industry in the region, which, in turn, can support the
expansion of the EU market.
The sprinkler irrigation system market in the Asia
Pacific region is expected to rise at a healthy CAGR by 2027 due to the
introduction of numerous government initiatives to support the promotion of sprinkler
irrigation systems.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America
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