Dublin, June 21, 2019 (GLOBE NEWSWIRE) -- The "Sprinkler Irrigation Systems Market by Type (Center Pivot, Lateral Move, Solid Set), Crop Type (Cereals, Oilseeds & Pulses, Fruits & Vegetables), Field Size (Small, Medium, Large), Mobility (Stationary, Towable), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The market for sprinkler irrigation systems was valued at USD 2,399.7 million in 2018; it is projected to grow at a CAGR of 1.9% from 2019, to reach USD 2,738.8 million by 2025.
Agricultural market cycles around the world have made growers and governments realize the importance of irrigation in increasing agricultural production and yields. Sprinkler irrigation, also known as mechanized irrigation, is a system for crop irrigation that involves the aid of machinery, engineered to pump a specific amount of water, with the ability to control and monitor the water resource, resulting in water and energy savings. The flexibility of advanced sprinkle equipment and its efficient control of water application make the method useful in most topographic conditions.
Various manufacturers are developing advanced sprinkler irrigation systems that are quick and efficient by incorporating additional precision farming features such as GPS, sensors, and remote-control technology, or further enhancing the existing mechanical features in their products. The demand for agricultural equipment that can be controlled remotely has increased globally, and sprinkler system manufacturers are also incorporating the same in their products.
Valmont Industries and Reinke Manufacturing Company have developed sensor-based irrigation systems, which monitor the soil moisture for irrigation purposes. Manufacturers have also introduced irrigation systems that can be used for fertigation and chemigation process along with innovative wheel designs for smoother movement and energy savings.
Market Dynamics
Drivers
- Shift From Traditional Irrigation Methods to Technologically Advanced Irrigation Systems
- High Return on Investments With Time
- Good Water-Use Efficiency During Extreme Climatic Conditions
- Public and Private Support for Irrigation Projects in Developing Economies
Restraints
- High Capital Investment for Equipment and Installation
- High Maintenance Cost for Crop Growers
Opportunities
- Development of Innovative Irrigation Products
Challenges
- Falling Trend in Commodity Prices and Farm Income
- Lower Demand From Labor-Intensive Geographies
Companies Mentioned
- Alkhorayef Group
- Antelco Pty Ltd.
- Elgo Irrigation Ltd.
- Hunter Industries
- Irritec S.P.A
- Jain Irrigation Systems Ltd.
- Lindsay Corporation
- Mahindra EPC Ltd.
- Nelson Irrigation Corporation
- Netafim Limited
- Rain Bird Corporation
- Rinke Manufacturing Co., Inc.
- Rivulis
- T-L Irrigation Company
- The Toro Company
- Valmont Industries Inc.
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