The Sprinkler Irrigation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Sprinkler Irrigation Global Market Report 2024, The sprinkler irrigation market size has grown strongly in recent years. It will grow from $2.85 billion in 2023 to $3.13 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to growing concerns over water scarcity, increased agricultural productivity, government subsidies and incentives, climate change impact, labor savings.
The sprinkler irrigation market size is expected to see strong growth in the next few years. It will grow to $4.42 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to growing environmental concerns, expansion into emerging markets, regulations and water management, growing adoption of sprinkler irrigation systems in agriculture, increasing awareness among farmers about the benefits of using sprinkler irrigation systems. Major trends in the forecast period include mobile app and remote monitoring, adoption of vri systems, drones for irrigation management, soil moisture sensors, automation and smart irrigation.
The increase in public and private support for irrigation projects in developing countries is expected to propel the growth of the sprinkler irrigation market. The public and private sectors are complementing each other in providing advisory services and information to address the needs of rural communities and farmers. According to the World Bank Group, an investment of $2 billion is required to irrigate 1 million hectares of land in southern Ukraine. Public funds along with private sector solutions are essential for addressing the financing gap for large projects. Therefore, the increasing public and private support for irrigation projects in developing countries is driving the growth of the sprinkler irrigation market.
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The sprinkler irrigation market covered in this report is segmented –
1) By Type: Centre Pivot Irrigation Systems, Lateral Move Irrigation Systems, Solid Set Sprinkler Systems, Others
2) By Field Size: Small Fields, Medium-Sized Fields, Large Fields
3) By Mobility: Stationary, Towable
4) By Application: Field Crops, Orchard Crops, Landscape and Turf, Others
Major Key Players Are
- Lindsay Corporation
- Jain Irrigation Systems Ltd.
- Valmont Industries
- Rain Bird Corporation
- Netafim Limited
Technological advancements are a key trend gaining popularity in the sprinkler irrigation market. For instance, in 2021, Netafim India, a manufacturer of irrigation equipment, launched a new Flexi Sprinkler Kit, which provides the highest level of water distribution uniformly across the field and displays long-lasting performance. It is equipped with a robust D-Net 3D diffusion arm suitable for small as well as large fields.
The sprinkler irrigation market report table of contents includes:
1. Executive Summary
2. Sprinkler Irrigation Market Characteristics
3. Sprinkler Irrigation Market Trends And Strategies
4. Sprinkler Irrigation Market – Macro Economic Scenario
5. Global Sprinkler Irrigation Market Size and Growth
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31. Global Sprinkler Irrigation Market Competitive Benchmarking
32. Global Sprinkler Irrigation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Sprinkler Irrigation Market
34. Sprinkler Irrigation Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Sprinkler Irrigation Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Sprinkler Irrigation Market, Segmentation By Field Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Sprinkler Irrigation Market, Segmentation By Mobility, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 75: Lindsay Corporation Financial Performance
Table 76: Jain Irrigation Systems Ltd. Financial Performance
Table 77: Valmont Industries Financial Performance
Table 78: Rain Bird Corporation Financial Performance
Table 79: Reinke Manufacturing Co. Inc. Financial Performance
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