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Sprinkler Irrigation Systems Market to reach a projected value of USD 4.27 Billion by 2022

 



(ARABNEWSWIRE.COM, June 06, 2018 ) 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. Agricultural market cycles, around the world, have made growers and governments realize the importance of irrigation in increasing agricultural production & yields, and enhancing farmland values. This has led to the irrigation of previously unirrigated lands. The growth of sprinkler irrigation systems can be attributable to these factors. Advancements in irrigation technologies have led to mechanization of sprinkler irrigation systems. Hence, these systems are also referred to as mechanized irrigation system.

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Center pivot irrigation systems were the most dominant type; the market for these systems is projected to grow at the highest rate due to the adaptability of these systems to different terrains, crop type, land sizes, and weather conditions.

The use of mechanically-moved sprinkler irrigation systems in large fields is projected to grow at the highest rate, owing to a trend of consolidation of small and medium-sized land holdings into large land holdings witnessed in many irrigation markets around the globe.

Rapid growth in demand for cereal crops from increasing population and use of cereals in animal feed and biofuels is driving the application of sprinkler irrigation systems in cereal crops. The acreage under stationary sprinkler irrigation systems is greater, since they are the conventional irrigation systems; also, for large acreages, the use of towable irrigation systems is not conducive.

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North America accounted for the largest regional market share in 2016, while RoW is projected to grow at the highest CAGR for the next five years. North America extensively uses sprinkler irrigation systems to maximize production and increase export trade. Large irrigation projects in South Africa, Saudi Arabia, and Egypt are driving the growth of sprinkler irrigation systems market in RoW.

For any advanced irrigation systems, the capital required for the installation of these systems is significantly higher when compared to the traditional methods of flood irrigation and rain-fed agriculture. This discourages their use by small farmers, with marginal incomes. The continuous maintenance requirement is further restraining the growth of the sprinkler irrigation systems market.

Over the past years, competition in the sprinkler irrigation business has consolidated. Valmont Industries, Inc. (U.S.), Lindsay Corporation (U.S.), Nelson Irrigation Corporation (U.S.), and Jain Irrigation Systems Ltd. (India) are some of the major players dominating the market. Growth in the market for sprinkler irrigation systems was largely driven by new product & technology launches, which improved the ability to monitor and control irrigation equipment; this helped achieve higher precision and uniformity in the application of water and other activities such as fertigation, germination, and chemigation.

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Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.

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Dani Rodriguez

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dani@researchcosmos.com

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