The sprinkler irrigation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sprinkler Irrigation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of Sprinkler Irrigation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sprinkler Irrigation Market Overview
Market Drivers –
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.
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
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Regional Insights –
North America was the largest region in the sprinkler irrigation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the sprinkler irrigation market share during the forecast period. The regions covered in the sprinkler irrigation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the sprinkler irrigation market include Lindsay Corporation, Jain Irrigation Systems Ltd., Valmont Industries, Rain Bird Corporation, Reinke Manufacturing Co. Inc., Netafim Limited, The Toro Company, Hunter Industries, Nelson Irrigation Corporation, Rivulis Irrigation Limited, T-L Irrigation Co., Alkhorayef Group, Mahindra EPC Ltd., Elgo Irrigation Ltd., Antelco Pty Ltd., Irritec S.p.A, Orbit Irrigation Products, Pierce Corporation, Hydro-Rain, Irritrol Systems, K-Rain, Weathermatic, Woodford Manufacturing, Action Machining Inc., BAFSCO Irrigation, Blazing Products, Champion, Dekorra Rock Enclosures, Dig Corporation, Fertile Earth Systems Inc.
Table of Contents
1. Executive Summary
2. Sprinkler Irrigation Market Report Structure
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
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