Sprinkler Irrigation System Market : Trends, Competition, and Industry Size Forecasts
Global Sprinkler Irrigation System Market is driven by surging demand for higher-yielding crops in the forecast period, 2023-2027. According to the TechSci Research report, “Sprinkler Irrigation System Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”, The global sprinklers irrigation system market may show robust growth in the forecast years, 2023-2027 with an anticipated CAGR value. The market growth can be attributed to the factors like increasing demands for higher-yielding crops.
Upsurge in the demand for efficient methods of crop irrigation systems that also save the cost of agriculture further drives the growth of the global sprinklers irrigation system market in the upcoming five years. The advantages of the sprinkler irrigation system further influence the growing demand for the system, as it reduces water wastage during irrigation, promises higher yields of the crops, and enables the fluid distribution of soluble fertilizers and necessary chemicals to the crop fields, thus supporting the growth of the global sprinkler irrigation market in the next five years.
Through research and advanced technology, market players are trying to introduce efficient and effective agricultural equipment that satisfies the growing agricultural demands. Higher investment in the agricultural industry and supporting governmental schemes, and favorable agricultural programs are also substantiating the growth of the global sprinkler irrigation system in the future five years. Moreover, the increasing number of farms, higher preferences for owning lawns and gardens in residential as well as corporate infrastructures, a growing number of villas, and higher impositions of green buildings idealizing non-agricultural lands for irrigation are aiding the growth of the global sprinkler irrigation system market in the forecast years, until 2027.
Traditional irrigation systems and lack of financial support to the farmers in developing nations may pose a threat to the future growth of the market but government initiatives to the potentially larger farms may help in overcoming the drawbacks and thus drive market growth in the forecast period.
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The global sprinklers irrigation system market segmentation is based on type, field size, mobility, spray pattern, application, crop type, regional distribution, and competitive landscape. Based on type, the market is further segmented into the central pivot, lateral move, solid set, and others. Solid set type of sprinkler irrigation systems is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of their higher preferences among farmers since they have the lowest irrigation labor requirement and the highest per-acre equipment cost of any type of sprinkler system.
Moreover, the systems add up to management practices and their improvement thus enabling farmers to take care of their fields and thus increasing the yields of crops. Additionally, the solid set system can be used to apply fertilizer, water for frost protection or crop cooling, herbicides, insecticides, and fungicide, along with the usual irrigation of lands. Central pivot & lateral move sprinkler irrigation systems are usually installed for very large farms that apply water to pasture or crop from above the canopy. The systems have advantages like precise application, reduced variability, low labor requirement, and opportunities for fertigation. Although the cost of installation and management may restrict its usage.
The sprinkler irrigation system market is also distinguished on the basis of application, in agricultural and non-agricultural. Agricultural lands may have higher applications of the sprinkler irrigation systems and thus dominate the market segment & hold the largest revenue shares of the market in the upcoming five years on account of larger agricultural land demands. Very large farms for food crops and higher production of the food crop to ensure food safety for the growing population of the world drives the growth of the global sprinkler irrigation system market in the next five years.
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“North America has led the market growth in the historical period and is anticipated to dominate the market segment with the largest revenue-generating shares in the upcoming five years too. Advancements in technology and evolving agricultural practices in major economies like the United States, Mexico, etc. also aid in the growth of the market. New market players may focus on the area and sizes of farms in the region and substitute their innovative products and their portfolios may be designed appropriately. Asia Pacific region is a budding market in the terms of highly advanced technology and in-expensive agricultural equipment use. Although in countries like China, Japan, and South Korea, advanced technology is being used, in other counties like India, Thailand, Singapore, etc. quick adaptation to technically advanced systems is slower and holds higher scope for the global players to penetrate individual markets,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Sprinkler Irrigation System Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Type (Central Pivot, Lateral Move, Solid Set, Others), By Field Size (Small, Medium, Large), By Mobility (Stationary v/s Towable), By Spray Pattern (Rotating Head v/s Perforated Pipe), By Application (Agricultural v/s Non-Agricultural), By Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Olericulture, Cotton & Others), By Region”, has evaluated the future growth potential of global sprinkler irrigation system and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global sprinkler irrigation system market.
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