A recent report published by Infinium Global Research on mechanized irrigation systems market provides an in-depth analysis of segments and sub-segments in the global as well as regional mechanized irrigation systems market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional mechanized irrigation systems market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global mechanized irrigation systems market. According to the report, the global mechanized irrigation systems market is projected to grow at a CAGR of 15% over the forecast period of 2018-2024.
Mechanized irrigation system involves the application of water over agricultural fields and crops by using mechanical means such as pumps, drip hoses, and sprinklers among others. Mechanized irrigation system offers several benefits such as the regular and exact chemical or fertilizer treatments, timely application, better nutrient management, and higher crop yield. Moreover, several types of mechanized irrigation system such as center pivot irrigation, lateral pivot irrigation, permanent set irrigation, solid set irrigation, side roll irrigation, and mobile irrigation systems. Center pivot irrigation is one of several types of mechanized irrigation lead to increased yields and less water wasted compared to other irrigation practices.
Growing water scarcity concern across the globe is the major factor driving the demand for mechanized irrigation systems market. Furthermore, growing awareness among farmer regarding the benefits of mechanized irrigation system is escalating the demand of the market. Mechanized irrigation systems are the most energy-efficient method of irrigation and have superior advantages over traditional irrigation methods. Nowadays, the farmer is shifting towards the automated system to reduce water loss. Drip, sprinkler and mechanized irrigation systems are plays a major role in the automated systems with the help of sensors, timers or computers or mechanical appliances. The market for the mechanized irrigation system is driven by the growth rate of adoption of automated systems and mechanization in agriculture fields. Furthermore, increasing government support in the developing economies, rapid growth in population coupled with the increasing requirement of food is supporting factor boost the market growth. In addition, the demand for mechanized irrigation systems is growing rapidly from nursery crops, wasteland, lawns & gardens, and agricultural crops. However, the high initial cost of the mechanized irrigation system could hamper the growth of the mechanized irrigation system market. The increasing trend of sustainable irrigation is creating several growth opportunities for the mechanized irrigation systems market in the coming years.
The global mechanical irrigation system market is consolidated due to the presence of a few players. Valmont Industries, Inc., Lindsay Corporation., The Toro Company, and Nelson Irrigation Corporation are some players working in mechanized irrigation systems market. Among the regions, North America is expected to be the largest region in mechanized irrigation systems market owing to the strong penetration of the mechanized irrigation system. The developing countries such as the U.S. and Canada have significant growth in mechanized irrigation systems market. The Asia Pacific is expected to be the fastest growing region in mechanized irrigation systems market. The farmers of developing countries of the Asia-Pacific such as China and India are inclined towards the use of mechanized irrigation systems owing extensive changes in climate. Water-scarce regions and agriculture-based countries are the primary targets of the mechanized irrigation systems industry.
The report on global mechanized irrigation systems market covers segments such as type, application, and field size. On the basis of type, the sub-markets include center pivot irrigation systems, lateral pivot irrigation systems, permanent set irrigation systems, solid set irrigation systems, side roll irrigation systems, mobile irrigation systems, and others. On the basis of application, the sub-markets include agricultural crops, wasteland, lawns & gardens, nursery crops, and others. On the basis of field size, the sub-markets include small, medium, and large.
The report provides profiles of the companies in the market such as Hunter Industries, Lindsay Corporation, Valmont Industries, Driptech India Pvt. Ltd., EPC Industries Limited, Nelson Irrigation Corporation, Premier Irrigation Adritec, Netafim Limited, Rain Bird Corporation, Rivulis Irrigation, and Reinke Manufacturing Company, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of mechanized irrigation systems market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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