Sprinkler Irrigation Systems Market projected to Reflect 14.97% CAGR throughout 2017-2022
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
Pune, India – September 28, 2017 /MarketersMedia/ —
Sprinkler Irrigation Systems Market report represents the revenue opportunities in the market through to 2022, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
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.
Sprinkler Irrigation Systems Market highlights key 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.).
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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.
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.
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%
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Key Points From Table Of Content:
7 Sprinkler (Mechanized) Irrigation Systems Market, By Crop Type
7.1 Introduction
7.2 Cereals
7.2.1 Corn
7.2.2 Wheat
7.2.3 Other Cereals
7.3 Oilseeds & Pulses
7.3.1 Soybean
7.3.2 Cotton
7.3.3 Other Oilseeds & Pulses
7.4 Fruits & Vegetables
7.5 Other Crop Types
8 Sprinkler (Mechanized) Irrigation Systems Market, By Type
8.1 Introduction
8.2 Center Pivot Irrigation System
8.3 Lateral Move Irrigation Systems
8.4 Solid Set Irrigation Systems
8.5 Other Types
9 Sprinkler (Mechanized) Irrigation Systems Market, By Field Size
9.1 Introduction
9.2 Small Fields
9.3 Medium Fields
9.4 Large Fields
10 Sprinkler (Mechanized) Irrigation Systems Market, By Mobility
10.1 Introduction
10.2 Stationary
10.3 Towable
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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.
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