Sprinkler Irrigation Systems Market to Showcase Continued Growth in the Coming Years

Sprinkler Irrigation Systems Market to Showcase Continued Growth in the Coming Years
MarketsandMarkets™
The sprinkler irrigation systems market is projected to reach USD 2.7 billion by 2025, from USD 2.4 billion in 2019, at a CAGR of 1.9% during the forecast period.

The report Sprinkler Irrigation Systems Market by Type (Center Pivot, Lateral Move, and Solid Set), Crop Type (Cereals, Oilseeds & Pulses, and Fruits & Vegetables), Mobility (Stationary and Towable), Field Size and Region – Global Forecast to 2025″, The sprinkler irrigation systems market is projected to reach USD 2.7 billion by 2025, from USD 2.4 billion in 2019, at a CAGR of 1.9% during the forecast period. The market is driven by factors such as the shift from traditional irrigation methods to technologically advanced irrigation systems and increased public and private support for irrigation projects in developing economies.

Sprinkler Irrigation Systems Market

Lateral move irrigation systems projected to be the fastest-growing market for sprinkler irrigation systems from 2019 to 2025

The lateral move irrigation systems segment is projected to grow at the highest CAGR during the forecast period. A linear move sprinkler system is a continuous, self-moving, and straight lateral that irrigates a rectangular field. It is similar to the center pivot system, except that the lateral is supported by trusses, cables, and towers mounted on wheels. Most linear move systems are driven by electric motors located in each tower or are hydraulic-driven. A self-aligning system is used to maintain uniform travel in a straight line. One tower is the master control tower for the lateral where the speed is set, and all other towers operate in start-stop mode to maintain alignment.

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The oilseeds & pulses segment is projected to be the fastest-growing crop type for sprinkler irrigation systems from 2019 to 2025.

The sprinkler irrigation systems market, by crop type, is estimated to be dominated by the cereals segment in 2018. However, the oilseeds & pulses segment is projected to be the fastest growing through 2025. Oilseed crops provide management options for irrigators seeking to reduce irrigation requirements, diversification, and/or to reduce input costs. Many parameters collectively influence the profitability and financial feasibility of oilseeds & pulses. To achieve maximum profitability, the annual cost of crop production is required to be maintained. Irrigation is one of the important factors affecting the profitability and quality of oilseed & pulse crops.

North America is set to lead the sprinkler irrigation systems market with the largest share in 2018.

The North American market is estimated to be the largest in 2018. The penetration of sprinkler irrigation systems is the highest in North America. The key players such as Valmont Industries, Lindsay Corporation, T-L Irrigation, and Reinke Manufacturing, Inc. are located in this region, which gives the region a competitive advantage. These key players have introduced growers to precise irrigation techniques that have contributed significantly to the development of irrigation infrastructure in the region. Moreover, the market penetration of sprinkler irrigation systems in the US has increased from 35% to 46% over the past decade.

This report includes a study of the development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Valmont Industries (US), Lindsay Corporation (US), Jain Irrigation Systems Ltd. (India), The Toro Company (US), Rivulis Irrigation Ltd. (Israel), Netafim Limited (Israel), Rain Bird Corporation (US), T-L Irrigation (US), Reinke Manufacturing (US), Nelson Irrigation Corporation (US), Hunter Industries (US), Mahindra EPC (India), Alkhorayef Group (Saudi Arabia), Elgo Irrigation Ltd. (Israel), Antelco Pty Ltd. (Australia), and Irritec (Italy).

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