Sprinkler Irrigation Systems Market Overview
In sprinkler irrigation, water is sprinkled on the agricultural land and crops, like rainfall. The global sprinkler irrigation systems market accounted for approximately USD 2.3 Billion in 2018 and is anticipated to expand at a CAGR of 2.1% during the forecast period. These systems have gained popularity among the farmers owing to the uniform application of water to the crops, which increases the yield. Growing concerns regarding water scarcity are encouraging the use of these systems, which, in turn, is driving the growth of the sprinkler irrigation systems market. Moreover, governments in various countries are undertaking activities to promote water management, which is contributing to the growth of the global sprinkler irrigation systems market.
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In terms of mobility, the global sprinkler irrigation systems market has been bifurcated into stationary and towable. The stationary segment is estimated to dominate the market in 2019 owing to the widespread use of traditional stationary sprinkler irrigation systems across the globe. However, the towable segment is expected to exhibit the highest CAGR during the forecast period due to their convenience. The towable sprinkler irrigation systems eliminate the need to farm around the sprinkler risers, which increases the adoption of towable sprinkler irrigation systems.
Sprinkler Irrigation Systems Market Update
In February 2016, Nelson Irrigation Corporation launched additions to its line of Pivot Products. The company introduced the R55I Inverted End of Pivot Sprinkler with a specially engineered gray plate. The company claims that this configuration is easy to plumb and effectively helps manage debris that collects at the end of the system.
Sprinkler Irrigation Systems Market Key Players
Key players in the global Sprinkler Irrigation Systems Market are
- Lindsay Corporation (US)
- Valmont Industries Inc. (US)
- Jain Irrigation Systems Ltd. (India)
- Rivulis (Israel)
- Netafim Limited (Israel)
- The Toro Company (US)
- Rinke Manufacturing Co., Inc. (US)
- Nelson Irrigation Corporation (US)
- T-L Irrigation Company (US)
- Antelco Pty. Ltd. (Australia)
Strategies adopted by players operating in this market include product launches, partnerships, mergers, and expansions.
Sprinkler Irrigation Systems Market Segmentation
The global sprinkler irrigation systems market has been segmented based on type, crop type, mobility, and region.
By type, the global market has been classified as center pivot, lateral move, solid set, and others.
In terms of crop type, the global sprinkler irrigation systems market has been categorized into cereals, oilseeds and pulses, fruits and vegetables, and others.
Based on mobility, the global sprinkler irrigation systems market has been bifurcated into stationary and towable.
The global sprinkler irrigation systems market has been divided into four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
Sprinkler Irrigation Systems Market Regional Analysis
In term of region, the global sprinkler irrigation systems market has been segregated into North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the global sprinkler irrigation systems market owing to the high adoption rate of sprinkler irrigation systems by farmers. In North America, the US is projected to hold a major market share. Growing concerns about water scarcity in various European countries is majorly contributing to the growth of the sprinkler irrigation systems market in the region. However, the market Asia-Pacific is projected to exhibit the highest CAGR during the forecast period. Various government initiatives to promote sprinkler irrigation systems, especially in developing countries of the region, are expected to drive the growth of the market in Asia-Pacific.
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Table Of Contents
- Executive Summary
- Market Introduction
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global Sprinkler Irrigation Systems Market, By Type
To Be Continue….
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