Sprinkler Irrigation Systems Market will Witness a Rise in Revenues With CAGR of 14.97%
The sprinkler irrigation systems market is projected to grow at a CAGR of 14.97% from 2017, to reach a projected value of USD 4.27 Billion by 2022.
[USPRwire, Fri Sep 21 2018] 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 2022", The global sprinkler irrigation systems market (also known as mechanized irrigation systems market) is projected to reach USD 4.27 Billion by 2022, at a CAGR of 14.97% from 2017.
Browse 77 market data tables and 50 figures spread through 168 pages and in-depth TOC on "Sprinkler Irrigation Systems Market - Global Forecast to 2022"
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Sprinkler irrigation systems are widely used with a view to combat increasing water stress across the globe, by efficient water management. 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.
Center pivot systems projected to be the largest segment
Center pivot systems are estimated to account for the largest market share in the sprinkler irrigation systems market in 2017, due to its usage on a wide variety of field sizes, crop types, and topographic features. Though enter 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 sprinkler irrigation
The cereals segment accounted for the largest share in the sprinkler irrigation systems market in 2016. 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 2017, due to its extensive use in feed, food and energy sector for biofuel production.
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Rest of the World (RoW) is estimated to be the most lucrative market for sprinkler irrigation systems
In 2017, 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 U.S. and Canada, the large field sizes, and high farm income of 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. Development of user-friendly and hi-tech systems such as GPS enabled pivots and sensor-based pivots is one of the latest trends in the industrial irrigation industry of countries such as the U.S., Canada, and African countries such as Egypt and South Africa.
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 Valmont Industries Inc. (U.S.), Lindsay Corporation (U.S.), T-L Irrigation Company (U.S.), Reinke Manufacturing Company (U.S.), and Jain Irrigation Systems Ltd. (India).