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Sprinkler Irrigation Systems Market Worth $2.7 Billion by 2025 - Exclusive Report by MarketsandMarkets

The Sprinkler irrigation systems market was valued at USD 1.86 billion in 2016. It is projected to grow at a CAGR of 14.97% from 2017, to reach 2.7 billion by 2025.

 

Northbrook, IL -- (SBWIRE) -- 05/28/2019 -- The report "Sprinkler Irrigation Systems Market by Type (Center Pivot, Lateral Move, Solid Set), Crop Type (Cereals, Oilseeds & Pulses, Fruits & Vegetables), Field Size (Small, Medium, Large), Mobility (Stationary, Towable), and Region - Global Forecast to 2025" The global sprinkler irrigation systems market is projected to reach USD 2.7 billion by 2025, at a CAGR of 1.9% from 2019 to 2025. Sprinkler irrigation systems are widely used with a view to combat increasing water stress across the globe by efficient water management practices. The high returns on investment obtained by the producers, coupled with the low labor force associated with these systems increases its adoption in the agricultural sector.

Browse 77 market data Tables and 50 Figures spread through 168 Pages and in-depth TOC on "Sprinkler Irrigation Systems Market - Global Forecast to 2025"

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Higher adoption of center pivot systems due to its efficient water management characteristics

Center pivot systems are estimated to account for the largest market share in the sprinkler irrigation systems market in 2019, due to its usage on a wide variety of field sizes, crop types, and topographic features. Though center pivot systems involve a high initial investment, the returns obtained is comparatively more in terms of long-term usage, efficient water management, higher yield crops, and low labor force

Cereals: The most widely preferred crop type for mechanized irrigation

The cereals segment accounted for the largest share in the sprinkler irrigation systems market in 2018. Due to the large field size requirement and irrigation scheduling for efficient water management, cereals are estimated to form the main crop segment, where sprinkler irrigation systems are beneficial for the producers. Among cereal crops, corn is estimated to account for the largest share in 201, due to its extensive use in feed, food, and energy sector for biofuel production.

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Rest of the World (RoW) is projected to be the most lucrative market for sprinkler irrigation

In 2019, the North American region is estimated to account for a significant share in the global sprinkler irrigation systems market, whereas RoW is projected to grow at the highest CAGR during the forecast period. Some factors that influence the share of North America in the market include the high production of corn in the US and Canada, large field sizes, and high farm income to the producers. The increased demand for center pivot systems in Saudi Arabia and South Africa makes RoW the most lucrative market for sprinkler irrigation systems. According to MarketsandMarkets, combating drought, low cost-per-acre irrigation technique, and improvement in crop yield & quality are some of the key factors that have led to a shift in irrigation practices in the African region. Development of user-friendly and advanced tech systems such as irrigation controllers, GPS-enabled pivots, and sensor-based pivots is one of the latest trends in the industrial irrigation industry for countries such as the US, Canada, and France.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of prominent companies such as Lindsay Corporation (US), Valmont Industries, Inc. (US), Reinke Manufacturing Company, Inc. (US), Nelson Irrigation Corporation (US), T-L Irrigation Company (US), Jain Irrigation Systems Ltd. (India), and Alkhorayef Group (Saudi Arabia).

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