Sprinkler Irrigation Market Overview
The global sprinkler irrigation system market is expected to surge at 3.64 % CAGR over the analysis period. By 2030, the sprinkler irrigation system market is likely to earn USD 3.91 Bn.
Drivers and Restrains Impacting Sprinkler Irrigation System Market
The growing adoption of sprinkler irrigation by several farmers to keep their agricultural land hydrated to support crops as sprinkler irrigation mimics rainfall can prompt the expansion of the market. The rise in considerable traction for sprinkler irrigation among farmers owing to the benefit of uniformity in the application of water to crops can favor the sprinkler irrigation systems market. The increasing concern among agricultural authorities to address problem arising due to water scarcity is expected to prompt the market rise owing to the increase in the adoption of sprinkler irrigation systems. The launch of several governments initiatives to deal with agriculture problems regarding irrigation by various countries and funding the promotion of water management can contribute to upsurge of the global sprinkler irrigation systems market.
Key Players of Sprinkler Irrigation System Market
Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), Rivulis (Israel), Valmont Industries Inc. (US), The Toro Company (US), Netafim Limited (Israel), T-L Irrigation Company (US), Antelco Pty. Ltd. (Australia), Rinke Manufacturing Co., Inc. (US), Mahindra EPC Ltd. (India), Nelson Irrigation Corporation (US), Hunter Industries Inc. (US), Elgo Irrigation Ltd. (Israel), Access Irrigation Ltd. (UK), and Irritec S.P.A. (Italy) are some prominent companies in the sprinkler irrigation system market.
Segment Analysis of Sprinkler Irrigation System Market
The segment study of the sprinkler irrigation system market is done on the basis of type, crop type, and mobility.
The type-based segments of the global sprinkler irrigation systems market are lateral move, center pivot, and solid set among others. The segment of center pivot is likely to garner the highest revenue for the market by 2030. The need for labor is less in the case of center pivot irrigation that can fuel the upsurge of the pivotal segment. The solid set segment is expected to rise at a healthy CAGR over owing to the ease and widespread application of water through a solid set. Moreover, the increase in the demand for solid sets across developing countries can prompt the solid set segment expansion in the near future.
The crop type-based segments of the global sprinkler irrigation systems market are cereals, fruits and vegetables, and oilseeds and pulses among others. The segment of cereals is expected to dominate the market owing to the large-scale production of grains and cereals across the world. The expansion of the oilseeds and pulses segment at a healthy CAGR over the forecast period can also be attributed to the surge in the demand for oilseeds among people.
The mobility-based segments of the global sprinkler irrigation systems market are towable and stationary. The segment of stationary segment is likely to earn high revenue by 2030 due to the widespread utility of traditional stationary sprinkler irrigation systems, worldwide. At the same time, the growing demand for towable can favor the towable segment growth in the analysis period due to their convenience. The increasing adoption of towable sprinkler irrigation systems can boost the installation of sprinkler risers at farms. Thus, the increasing adoption of towable sprinkler irrigation systems can work in favor of the market expansion.
Regional Analysis of Sprinkler Irrigation System Market
The regional growth of the global sprinkler irrigation systems market insights is assessed for North America, Europe, the Middle East Asia, Asia Pacific, Africa and the rest of the world.
The sprinkler irrigation systems market in North America, is likely to thrive at a decent CAGR due to the surge in the adoption rate of sprinkler irrigation systems by crop cultivators. In the North America region, the US is likely to secure a major share of the sprinkler irrigation market.
In Europe, the increase in problems associated with water scarcity in numerous European regions and the rise in concern to address these problems are contributing to the increasing demand for sprinkler irrigation systems market in the region, which, in turn, can support the expansion of the EU market.
The sprinkler irrigation system market in the Asia Pacific region is expected to rise at a healthy CAGR by 2030 due to the introduction of numerous government initiatives to support the promotion of sprinkler irrigation systems.
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