The Sprinkler Irrigation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Sprinkler Irrigation Global Market Report 2024, The sprinkler irrigation market size has grown strongly in recent years. It will grow from $2.85 billion in 2023 to $3.13 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to growing concerns over water scarcity, increased agricultural productivity, government subsidies and incentives, climate change impact, labor savings.
The sprinkler irrigation market size is expected to see strong growth in the next few years. It will grow to $4.42 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to growing environmental concerns, expansion into emerging markets, regulations and water management, growing adoption of sprinkler irrigation systems in agriculture, increasing awareness among farmers about the benefits of using sprinkler irrigation systems. Major trends in the forecast period include mobile app and remote monitoring, adoption of vri systems, drones for irrigation management, soil moisture sensors, automation and smart irrigation.
The increase in public and private support for irrigation projects in developing countries is expected to propel the growth of the sprinkler irrigation market. The public and private sectors are complementing each other in providing advisory services and information to address the needs of rural communities and farmers. According to the World Bank Group, an investment of $2 billion is required to irrigate 1 million hectares of land in southern Ukraine. Public funds along with private sector solutions are essential for addressing the financing gap for large projects. Therefore, the increasing public and private support for irrigation projects in developing countries is driving the growth of the sprinkler irrigation market.
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The sprinkler irrigation market covered in this report is segmented –
1) By Type: Centre Pivot Irrigation Systems, Lateral Move Irrigation Systems, Solid Set Sprinkler Systems, Others
2) By Field Size: Small Fields, Medium-Sized Fields, Large Fields
3) By Mobility: Stationary, Towable
4) By Application: Field Crops, Orchard Crops, Landscape and Turf, Others
Technological advancements are a key trend gaining popularity in the sprinkler irrigation market. For instance, in 2021, Netafim India, a manufacturer of irrigation equipment, launched a new Flexi Sprinkler Kit, which provides the highest level of water distribution uniformly across the field and displays long-lasting performance. It is equipped with a robust D-Net 3D diffusion arm suitable for small as well as large fields.
The sprinkler irrigation market report table of contents includes:
1. Executive Summary
2. Sprinkler Irrigation Market Characteristics
3. Sprinkler Irrigation Market Trends And Strategies
4. Sprinkler Irrigation Market - Macro Economic Scenario
5. Global Sprinkler Irrigation Market Size and Growth
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31. Global Sprinkler Irrigation Market Competitive Benchmarking
32. Global Sprinkler Irrigation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Sprinkler Irrigation Market
34. Sprinkler Irrigation Market Future Outlook and Potential Analysis
35. Appendix
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The Sprinkler Irrigation Systems Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the sprinkler irrigation systems market include Avidz, Galcon, Green Electronics, Hunter Industries, HydroPoint Data Systems, Orbit Irrigation Products, Rain Bird Corp, Skydrop, The Scotts Company, The Toro Company and Others.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Sprinkler Irrigation Systems Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/sprinkler-irrigation-systems-market/download-sampleMarket DynamicsThe shifting focus from traditional irrigation methods to technologically advanced irrigation systems is primarily driving the market growth.
High return on investments with time and good water-use efficiency during extreme climatic conditions is again accelerating the market growth.
Whereas, the development of innovative irrigation products is expected to create potential opportunity over the forecast period.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
The global sprinkler irrigation market size is anticipated to reach USD 2.91 billion by 2027 attributable to the rise in efforts of the government to encourage the use of sprinklers for multiple crop production.
List of Sprinkler Irrigation Market Manufacturers include: Netafim LimitedRivulis Irrigation Ltd.Lindsay CorporationNelson Irrigation CorporationJain Irrigation Systems Ltd.Hunter IndustriesValmont IndustriesRain Bird CorporationThe Toro CompanyReinke Manufacturing Co. Inc.Other Players The emergence of COVID-19 has brought the world to a standstill.
We understand that this health crisis has brought an unprecedented impact on businesses across industries.
What are the Objectives of the Report?A detailed analysis of the market focusing on drivers, restraints, challenges, and opportunitiesList of players and the key strategies adopted by them to hold the leading position in market competitionTable of segmentation of the market based on factors such as type, mobility, application, and regionRecent developments of the market, current trends, and other interesting insights into the market Increasing Need to Feed Population Despite Covid19 Outbreak will Propelling Growth The agricultural industry is negatively impacted by the current pandemic of COVID19 that has propelled all businesses to come at a halt.
Crop cultivation and irrigation have however managed to survive in developing nations such as Pakistan, India, South Africa, China, and others.
However, in the developed nations of Europe and North America, the market is stable owing to the availability of automated sprinkler systems.
Farmers and governments are realizing the importance of irrigation in agricultural production and yields.
The sprinkler irrigation systems market is estimated at USD 2.4 billion in 2019; it is projected to grow at a CAGR of 1.9%, to reach USD 2.7 billion by 2025.Various manufacturers are developing advanced sprinkler irrigation systems that are quick and efficient as they are equipped with additional precision farming features such as GPS, sensors, and remote-control technology, or further enhancing the existing mechanical features in their products.
The demand for agricultural equipment that can be controlled remotely has increased globally, and sprinkler system manufacturers are also incorporating the same in their products.
Valmont Industries and Reinke Manufacturing Company have developed sensor-based irrigation systems, which monitor the soil moisture for irrigation purposes.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29909492On the basis of type, the lateral move segment is projected to record a higher growth rate during the forecast period.
The primary advantage of lateral move systems is that it can irrigate rectangular fields.
Furthermore, unlike pivots, these systems have a uniform pressure along the length and are more labor-intensive.
