The global Sprinkler Irrigation Systems Market size will derive growth from the gradual switch to technologically advanced irrigation systems from the traditional ones. Fortune Business Insights in their recent report titled, “Sprinkler Irrigation Systems Market Size, Share & Industry Analysis, By Type (Center Pivot, Lateral Move, Micro sprinklers, Others), By Crop (Cereals, Oilseed and Pulses, Fruits and Vegetables, Turf and Ornamentals, Others) and Regional Forecast, 2019-2026”, studies various factors responsible for the significant growth of the market in the forecast period.
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List of prominent companies that are operating in the global sprinkler irrigation systems market are:
- The Toro Company
- Jain Irrigation Systems
- Shanghai Huawei Water Saving Irrigation Corp. Ltd.
- Valmont Industries Inc.
- Chinadrip Irrigation
- EPC Industries
- Rain Bird Corporation
- Lindsay Corporation
The sprinkler irrigation systems market report accords a detailed analysis by gathering information from both primary and secondary sources. It also offers a clear vision of future prospects in the market by providing key industry insights and strategies adopted by vendors.
Some of the strategies include mergers and acquisitions, company collaborations, product launches, investment in research and development, and others. These crucial insights will help players invest accordingly and thus, gain a competitive edge in the market during the forecast period set from 2019 to 2026.
Development of Innovative Irrigation Projects to Promote Market Growth
Sprinkler irrigation systems layout is used for irrigating or watering crops and plants in a systematic and controlled manner, ensuring a rise in water use efficiency and a reduction of water wastage. As per the current sprinkler irrigation systems market trend, the center pivot sprinkler type is dominating the market owing to their low annual costs.
Various factors are responsible for the sprinkler irrigation systems market growth. These include water-saving, fewer weed problems, and less requirement for energy and labor. Besides this, there is a vast difference in the overall cost of crop production with the use of sprinkler irrigation systems as compared to the other ones such as surface drip, manual irrigation, and others. All the above factors are expected to increase the sprinkler irrigation market revenue in the coming years.
On the flip side, the high maintenance cost of farmer’s choice of crops, and may cause hindrance to the sprinkler irrigation systems market growth in the forecast years. Besides this, the high investment required for installation and maintenance of sprinkler irrigation components and equipment may also pose a challenge to the market growth rate in the forecast duration.
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Nevertheless, government-supported activities and awareness programs for farmers are expected to promote market growth in the future years. Additionally, the revenue growth of sprinkler systems in the commodity market will also bode well for the market. This, coupled with the development of innovative irrigation projects are further expected to create lucrative growth opportunities for the market in the long run.
Major Segments Includes:
- Center Pivot
- Lateral Move
- Micro sprinklers
- Oilseed and Pulses
- Fruits and Vegetables
- Turf and Ornamentals
Government Supported Activities to Help Asia Pacific Register Rapid Growth Rates
The global sprinkler irrigation systems market is categorized geographically into five major regions namely North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa regions. In the current scenario, the market is dominated by North America on account of multiple factors such as high-value crop cultivation, technological advancement, high-quality export agriculture and other products, adoption of precision practices for farming, and others. Moreover, an increase in the production of corn in Canada and the U.S. have also promoted the sprinkler irrigation systems installed on a large scale.
Additionally, the surge in awareness about water management concepts and the acceptance of the same in developing nations are expected to help Asia Pacific market witness rapid growth in the forthcoming years. Besides this, government support and promotion of micro and sprinkler irrigation systems designs for better agricultural production from developing nations are further anticipated to create lucrative growth opportunities in the forecast period.
Key Industry Development
Some of the key industry developments in the sprinkler irrigation systems market include:
September 2018 – The U.S. subsidiary of Jain Irrigation Systems Ltd., called Jain Inc. acquired the US-based ETwater for their irrigation purposes.
January 2019 – The companies Nutrien AG Solutions and Lindsay entered into a collaborative partnership for improving the water use efficiency in agriculture.
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