iCrowdNewswire Jan 18, 2021 8:03 AM ET
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.
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Key players in the global Sprinkler Irrigation Systems Market are Lindsay Corporation (US), Valmont Industries Inc. (US), Jain Irrigation Systems Ltd. (India), Rivulis (Israel), Netafim Limited (Israel), The Toro Company (US), Rinke Manufacturing Co., Inc. (US), Nelson Irrigation Corporation (US), 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).
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. However, the solid set segment is projected to expand at the highest CAGR during the forecast period. Ease and widespread application of water through solid set is projected to boost its growth. Moreover, the growing demand for solid sets in developing countries is anticipated to boost the growth of the segment in the coming years.
In terms of mobility, the global sprinkler irrigation systems market has been bifurcated into stationary and towable. The stationary segment is estimated to dominate the market in 2019 owing to the widespread use of traditional stationary sprinkler irrigation systems across the globe. However, the towable segment is expected to exhibit the highest CAGR during the forecast period due to their convenience. The towable sprinkler irrigation systems eliminate the need to farm around the sprinkler risers, which increases the adoption of towable sprinkler irrigation systems.
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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.
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