Mechanized Irrigation Systems Market

Mechanized Irrigation Systems Market- Highly Fragmented Nature Until The End Of The
Forecast Tenure 2016-2024
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.
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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