Mechanized Irrigation Systems Market

Mechanized Irrigation Systems Market : Reduction in Resource Costs Leads to
Adoption in Agriculture, Cultivation, Plantation
The global mechanized irrigation systems market has been envisaged in a report by
Transparency Market Research (TMR) to bear a highly fragmented nature until the
end of the forecast tenure 2016-2024. Several leading players could look to acquire
new companies entering the industry. However, other business tactics involving new
product launch, expansion, and agreement have been foreseen to be used in the
market to gain a strong position in the coming years. Some of the prominent names
operating in the industry are Lindsay Corporation, Jain Irrigation Systems Limited,
Hunter Industries, EPC Industries Limited, and Driptech India Pvt. Ltd.
TMR has envisioned the global mechanized irrigation systems market to register a
14.9% CAGR during the aforementioned forecast tenure. By the final forecast year,
the market could be valued at a US$35.0 bn. On the basis of type, center pivot
irrigation systems have been projected to continue their lead in the market from the
recent past. By region, North America could account for a lion’s share of the market
in the near future.
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Remedying of Low Agricultural Production Raises Demand
The need to rectify inefficient irrigation systems and low agricultural production to
improve crop productivity has been prophesied to be one of the crucial factors
enhancing the demand in the world mechanized irrigation systems market.
Agriculture could play a significant role in positively impacting the economic
development of a nation. A number of mechanized irrigation systems are used in
agriculture for applications such as watering crops. Impact sprinklers, moving water
nozzles, lateral move systems, central pivot systems, and sprinklers are some of the
common watering systems engaged in agricultural activities.
The demand for mechanized irrigation systems has been foretold to gain momentum
because of the decrease in resource costs. As a result, mechanized irrigation systems
could be highly adopted for a range of applications including plantation and
cultivation, besides agriculture. Low cost of irrigation followed by improved
productivity, government investments and promotions, and rising awareness about the
benefits of using mechanized irrigation systems in farming could be among strong
growth factors of the market.
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Consistent Maintenance Requirement Throws Wrench in Works
TMR analysts have identified two leading growth restraints of the international
mechanized irrigation systems market: constant need for equipment maintenance and
expensive initial investment. Although these restraining factors have been expected to
hamper the demand for mechanized irrigation systems, there could be other factors
creating robust growth opportunities in the coming years.
Water and food scarcity and aggressive population growth could strengthen the
growth of the international mechanized irrigation systems market. High focus on
minimum wastage and efficient usage of water and water resources in developed
economies have been predicted to set the tone for a valuable growth of the market.
The demand for mechanized irrigation systems could be increased because of several
prospects introduced with the recycling of organic matter and increasing usage of
wastewater treatments. Moreover, in order to reduce labor costs, mechanized
irrigation systems are used to irrigate most gardens, lawns, and nursery crops.

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