Transparency Market Research has released a new
market report titled “Mechanized Irrigation Systems Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 -
2024.” According to this report, the global mechanized irrigation
systems market was valued at US$ 10 Bn in 2015 and is projected to
reach US$ 35 Bn by 2024 at a CAGR of 14.9% from 2016 to 2024.
Agriculture is a
leading sector which impacts the economic development of a country.
Low agricultural production and inefficient irrigation systems have
to be remedied to enhance the productivity of crops, and thereby,
strengthen the economic development of a country. This would spur the
utilization of mechanized irrigation systems globally. Mechanized
irrigation systems are equipment, which are widely used to water the
crops with the help of watering systems such as sprinklers, central
pivot systems, lateral move systems, moving water nozzles, and impact
sprinklers.
This 108 page report gives readers a
comprehensive overview of the Mechanized Irrigation Systems market.
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The mechanized irrigation systems market is highly
fragmented, with major players driving the market with agreements,
acquisitions, expansions, and new product launches to attain a
competitive position in the market. Reduction in resource costs has
led to the adoption of mechanized irrigation systems in agriculture,
cultivation, and plantation thereby, increasing the demand for
mechanized irrigation systems. Rapid population growth, food and
water scarcity, increasing awareness among farmers regarding the
benefits of mechanized irrigation systems, government promotion and
investments, and low cost of irrigation followed by high productivity
are the primary drivers of the mechanized irrigation systems market
growth.
The mechanized irrigation systems market has been
segmented on the basis of type, application, and region. In terms of
type, center pivot irrigation systems held about 69% share and
lateral move irrigation systems accounted for the remaining 31% of
the mechanized irrigation systems market in 2015. The selection
criteria of mechanized irrigation systems is highly dependent on
physical location, overall price, water supply, and irrigational area
and varies from country to country. In terms of application,
agricultural crops held about 68% share in 2015. Lawns and gardens
accounted for nearly 17% and nursery crops and land application
wastes together accounted for the rest 15% of the mechanized
irrigation systems market in 2015.
Global demand for mechanized irrigation systems is
dominated by agricultural crops. High population growth boosts the
demand for food. This has spurred the growth of the mechanized
irrigation systems market. Developed countries are focusing more on
efficient utilization of water resources with minimum wastage.
Majority of nursery crops, lawns, and gardens are irrigated through
mechanized irrigation systems to reduce labor costs. Wastewater
treatment and recycling of organic matter have provided several
opportunities to reduce waste disposal costs thereby, boosting the
demand for mechanized irrigation systems.
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the Mechanized Irrigation Systems market. Request a sample to stay
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Key players in the
mechanized irrigation systems market includes Driptech India Pvt.
Ltd., EPC Industries Limited, HUNTER INDUSTRIES, Jain Irrigation
Systems Limited, Lindsay Corporation, Nelson Irrigation Corporation,
Netafim Limited, Premier Irrigation Adritec, Rain Bird Corporation,
Reinke Manufacturing Company, Inc., Rivulis Irrigation, The Toro
Company, T-L Irrigation, and Valmont Industries.
The mechanized
irrigation systems market has been segmented as follows:
Mechanized Irrigation Systems Market: By Type
- Center Pivot Irrigation Systems
- Lateral Move Irrigation Systems
Mechanized Irrigation Systems Market: By
Application
- Land Application of Wastes
- Nursery Crops
- Agricultural Crops
- Lawns & Gardens
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