Sprinkler Irrigation Systems Market by Type, Crop Type, Field Size, Mobility And Region - Global Forecast to 2022
NEW YORK, Aug. 30, 2017 /PRNewswire/ -- "The sprinkler irrigation systems market is projected to grow at a CAGR of 14.97% during the forecast period."
The sprinkler irrigation systems market is projected to grow at a CAGR of 14.97% from 2017, to reach USD 4.27 billion by 2022. The demand for sprinkler irrigation systems is projected to be on the rise, owing to factors such as the increasing awareness of irrigation as an efficient water management technique among producers, increased demand for high-quality and high-yield crops, and high return on investment obtained by the producers when compared to traditional irrigation methods. Sprinkler irrigation systems such as center pivot, lateral move and others are mechanically moved; hence these are also known as mechanized irrigation systems. The technological advancements noted in this domain is also a factor fueling the growth of this market. The depressed commodity prices and farm income, and fluctuating foreign exchange rates are the major restraints for the sprinkler irrigation systems market.
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"The market for sprinkler irrigation systems in large fields is projected to grow at the highest CAGR."
The market for sprinkler irrigation systems in large fields was the largest market in 2016, and is also projected to be the fastest-growing between 2017 and 2022. Sprinkler irrigation systems are widely used for fields greater than 25 hectares, due to the ease of operation, uniformity in water application, and reduced labor costs associated with it. The requirement of large fields for the cultivation of cereal, oilseeds, and pulse crops and the need for irrigation scheduling encourages producers to shift from traditional methods to mechanized irrigation.
"Stationary systems are dominating the market."
In 2016, stationary irrigation systems dominated the market; this segment is also projected to be the fastest-growing segment between 2017 and 2022. The dominancy of stationary systems is contributed to the fact that these systems are more conventional, whereas towable systems are relatively new. Vast acceptability of stationary systems and availability of large acres of land are the driving factors for this segment.
"Rest of the World (RoW) is projected to be the fastest-growing region in the market."
In the global sprinkler irrigation systems market, North America is estimated to account for the largest share; however, RoW is estimated to be the fastest-growing region, between 2017 and 2022. In RoW, increasing technological advantages, protection against drought, low cost-per-acre irrigation technique, and improvement in crop yield & quality are the key factors driving the market of mechanized irrigation systems. RoW comprises countries such as Saudi Arabia and South Africa, whose market of sprinkler irrigation systems has been growing annually over the last five years.
Break-up of primaries:
• By Company Type: Tier 1 - 41%, Tier 2 - 37%, and Tier 3 - 22%
• By Designation: C-level - 44%, Manager level - 36%, and Others - 20%
• By Region: Asia-Pacific - 30%, North America - 26%, Europe - 20%, South America - 10%, and RoW - 14%
The global market for sprinkler irrigation systems is dominated by large players such as Valmont Industries Inc. (U.S.), Lindsay Corporation (U.S.), T-L Irrigation Company (U.S.), Reinke Manufacturing Company (U.S.), Rain Bird Corporation (U.S.), Nelson Irrigation Corporation (U.S.), Jain Irrigation Systems Ltd. (India), Alkhorayef Group (Saudi Arabia), Pierce Corporation (U.S.), and Hunter Industries (U.S.).
Research Coverage
The sprinkler irrigation systems market has been segmented on the basis of type, crop type, field size, mobility, and region. In terms of insights, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the global sprinkler irrigation systems market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
• To get an overview of the global sprinkler irrigation systems market
• To get an overview of the key players of the sprinkler irrigation systems industry and key strategies adopted by key players to increase market presence
• To gain insights on the major regions in which the sprinkler irrigation systems market is growing
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