The Infinium Global Research analyzes the Sprinkler Irrigation Systems Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global sprinkler irrigation systems market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of sprinkler irrigation systems. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the sprinkler irrigation systems market during the period. The global sprinkler irrigation systems market is projected to grow at a CAGR of 1.7% over the forecast period of 2019-2025.
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Growing Demand for Better Yield & Quality of Crops has a Positive Impact on Market Growth
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.
Asia-Pacific is Expected to Hold the Largest Market Share in the Sprinklers Irrigation Systems Market
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.
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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.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the sprinkler irrigation systems.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.