Sprinkler Irrigation Systems Market Demand, Key Players Review, Industry Size and Forecast to 2024

13/nov/2019 12:07:03 suraj taur Contatta l'autore

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Market Highlights

Global Sprinkler Irrigation Systems Market accounted for approximately USD 2.3 billion in 2018 and is anticipated to expand at a CAGR of 2.1% during the forecast period. In sprinkler irrigation, water is sprinkled on the agricultural land and crops, similar to rainfall. These systems have gained popularity among the farmers owing to the uniform application of water to the crops, which increases the yield. Growing concerns regarding water scarcity are encouraging the use of these systems, which, in turn, is driving the growth of the sprinkler irrigation systems market. Moreover, governments in various countries are undertaking activities to promote water management, which is contributing to the growth of the global sprinkler irrigation systems market.  

Key Players

Key players in the global Sprinkler Irrigation Systems Market are Lindsay Corporation (US), The Toro Company (US), Rinke Manufacturing Co., Inc. (US), Nelson Irrigation Corporation (US), Valmont Industries Inc. (US), Jain Irrigation Systems Ltd. (India), Rivulis (Israel), Netafim Limited (Israel), T-L Irrigation Company (US), Antelco Pty. Ltd.  (Australia), Mahindra EPC Ltd. (India), Elgo Irrigation Ltd. (Israel), Irritec S.P.A. (Italy), Hunter Industries Inc. (US), and Access Irrigation Ltd. (UK).

Industry News

Strategies adopted by players operating in this market include product launches, partnerships, mergers, and expansions.

In February 2016, Nelson Irrigation Corporation launched additions to its line of Pivot Products. The company introduced the R55I Inverted End of Pivot Sprinkler with a specially engineered gray plate. The company claims that this configuration is easy to plumb and effectively helps manage debris that collects at the end of the system.

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Industry Segment

On the basis of type, the global sprinkler irrigation systems market has been segmented into center pivot, lateral move, solid set, and others. The center pivot segment accounted for a dominant share of the global market in 2018. Labor requirement is less in center pivot irrigation, which is fueling the growth of the segment.

By crop type, the global sprinkler irrigation systems market has been segregated into cereals, oilseeds and pulses, fruits and vegetables, and others. The cereals segment is estimated to dominate the market in 2019 owing to the large-scale production of cereals across the globe. However, the oilseeds and pulses segment are projected to exhibit the highest CAGR during the forecast period due to increasing demand for oilseeds.

Regional Analysis

In term of region, the global sprinkler irrigation systems market has been segregated into North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the global sprinkler irrigation systems market owing to the high adoption rate of sprinkler irrigation systems by farmers. In North America, the US is projected to hold a major market share.

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