A recent report published by Infinium Global Research on sprinkler irrigation systems market provides an in-depth analysis of segments and sub-segments in the global as well as regional sprinkler irrigation systems market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sprinkler 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 sprinkler irrigation systems market. According to the report, the global sprinkler irrigation systems market is projected to grow at a CAGR of 1.7% over the forecast period of 2019-2025.
Water is a key factor in increasing agricultural production. However, with the growing awareness regarding water conservations and scarcity of water across the globe has led to the adoption of the sprinkler irrigation system. It is estimated that the sprinkler irrigation system saves up to 50% of water compared to surface irrigation method and increases productivity by about 15-25 %. Nearly all crops are suitable for sprinkler irrigation system except crops like paddy, jute, etc. Moreover, advantages such as easy to set up, less interference with cultivation and less land loss, lower labor requirements, high efficiency due to uniform water distribution, and easy mechanization and automation offered by sprinkler irrigation system drives market growth. Moreover, growing demand for better yield & quality of crops has a positive impact on market growth. Additionally, increased investments by both the public and private sector for irrigation projects in developing economies is likely to escalate the growth of the market. For instance, the Government of India has been implementing Pradhan Mantri Krishi Sinchayee Yojana, to encourage the use of sprinkler irrigation in order to save water. Besides this, growing demand from residential and non-residential places such as hotel & resort, office, and many others are also helping the market. However, high installment costs could hamper market growth. Furthermore, technological advancements in the sprinkler irrigation systems contribute to lucrative growth opportunities in the near future.
Geographically, Asia-Pacific is expected to hold the largest market share in the sprinklers irrigation systems. The countries such as China, India and Indonesia are producing fruits & vegetables along with water management promoted by the governments of the countries in these regions are promoting market growth. The Asia-Pacific is an agricultural region with its maximum income from crop cultivation. Moreover, growing awareness related to the benefits of using sprinklers irrigation system also boosts the market in Asia-Pacific region. North America accounts for approximately 35-36% share in this market. Many leading key players in sprinkler irrigation systems are focused on developing reliable sprinkler irrigation products. As per the usgs.gov, in 2015, 34,700 thousand acres of land were irrigated with a sprinkler system.
The report on global sprinkler irrigation systems market covers segments such as type, mobility, crop type, and application. On the basis of type, the sub-markets include central pivot, lateral move, solid set, and other types. On the basis of mobility, the sub-markets include portable system, and permanent system. On the basis of crop type, the sub-markets include cereals, oilseeds & pulses, fruits & vegetables, and other crop type. On the basis of application, the sub-markets include agriculture, lawns, public parks, sports grounds, and other applications.
The report provides profiles of the companies in the market such as Nelson Irrigation Corporation, Lindsay Corporation, Life Irrigation, Jain Irrigation Systems, Hunter Industries, Ewing Irrigation Products, Inc., Epc Industries, Elgo Irrigation Ltd., Antelco Pty Ltd, and Access Irrigation Ltd.
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 sprinkler irrigation systems market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. 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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