Mechanized Irrigation Systems Market

Mechanized Irrigation Systems
Market: Reduction in Resource
Costs Leads to Adoption in
Agriculture, Cultivation,
Plantation
Global Mechanized Irrigation Systems Market:
Snapshot
World’s population is escalating, estimated to
reach nine billion by 2050, which would mean
the current production of food crop should
double in quantity. With depleting arable land,
the demand for methods that increase the
production capacity of farms is increasing,
which in turn is reflecting positively on
the global mechanized irrigation systems
market. This report projects the demand in the
global mechanized irrigation systems market to
increment at a robust CAGR of 14.9% during
the forecast period of 2016 to 2024. Some of
the key factors driving this market are: higher
returns on investment in comparison to
alternatives, efficiency in usage of water
resources, especially in the drought-prone
areas, growing government support in the
emerging economies, and outreach of new
technologies in the developing nations. On the
other hand, high initial investment and
consistent requirement of maintenance are two
important restraints faced by the global
mechanized irrigation systems market.
As per the evaluation of the report, the global
mechanized irrigation systems market was
worth US$10.0 bn in 2015, and estimates it to
swell to a worth of US$35.0 bn by the end of
2015. As mechanized irrigation systems are
adaptable to diverse conditions of crop,
weather, soil type, and field conditions, the
vendors operating in this market are expected
to gain ample of opportunities in all regions
across the globe.
Center Pivot Irrigation Systems Most
Profitable Segment
Based on product type, the global mechanized
irrigation systems market is segmented into
center pivot irrigation and lateral move
irrigation, with the former segment accounting
for more than two-third of the demand in 2015.
Since the choice of mechanized irrigation
systems depends on physical location of the
arable land, overall investment, source of water
supply, and weather conditions, pivot irrigation
are seen to be more adaptable than later move
irrigation and is anticipated to stay as the most
profitable throughout the forecast period.
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Application-wise, the report categorizes the
global mechanized irrigation systems market
into land application of wastes, agricultural
crops, laws and gardens, and nursery crops. In
2015, agricultural crops category accounted for
about 68% of the demand, gaining traction
from growing food demand and increased focus
by developed and emerging economies to
minimum usage of water.
North America Serving Maximum Demand
Across all major regions explored by this report,
including North America, South and Central
America, Europe, Asia Pacific, and the Middle
East and Africa, North America accounted for
the maximum, 34% of the demand in 2015. This
substantial demand was primarily caused by
the developed countries of the U.S. and
Canada. Some of the states in the U.S., such as
Montana, California, Idaho, Colorado, and
Arkansas have total irrigated acres and surface
water withdrawals, whereas states such as
Texas, Oklahoma, Kansas, South Dakota, and
Nebraska use groundwater as their primary
source of water.
The global mechanized irrigation systems
market is fragmented, with most of the major
players actively looking for mergers and
acquisitions of promising new entrants. Some
of the key companies operating in the global
mechanized irrigation systems market, that
have been profiled in this report, are EPC
Industries Limited, Driptech India Pvt. Ltd., Jain
Irrigation Systems Limited, HUNTER
INDUSTRIES, Lindsay Corporation, Rain Bird
Corporation, Reinke Manufacturing Company,
Inc., Netafim Limited, The Toro Company,
Nelson Irrigation Corporation, Premier
Irrigation Adritec, Rivulis Irrigation, T-L
Irrigation, and Valmont Industries.
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Mechanized Irrigation Systems Market: Reduction in Resource Costs Leads to Adoption in Agriculture, Cultivation, Plantation

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