In many countries, Agriculture is one of the leading sectors which highly impact the economic development of those countries. Lack of proper irrigation and thus low agricultural production are a constant threat to the economy of those countries.
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According to the report “Mechanized Irrigation Systems Market By Type (Center Pivot Irrigation Systems And Lateral Move Irrigation Systems) And By Application (Land Application Of Wastes, Nursery Crops, Agricultural Crop, And Lawns & Gardens) - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2016 – 2021” published by Market Data Forecast, The Global Mechanized Irrigation Systems Market was worth $11.49 billion in 2016 and estimated to be growing at a CAGR of 14.9%, to reach $23.01 billion by 2021.
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With increase in water scarcity across the world, Mechanized Irrigation Systems became essential to deliver water with minimum losses.
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The equipment used in Mechanized Irrigation Systems comprises of various components namely spans, towers, tubing, drivetrains, control unit and sprinklers. With the construction of these components, irrigation can be done over a large area of land and delivering water efficiently.
Many innovative and efficient systems are being introduced in the place of conventional irrigation processes. Rain Bird is using “Pressure Regulating Systems (PRS)” in its rotors and sprinklers to guide water pressure at each head.
Water scarcity has become a major problem for agricultural as the cost of irrigation is increasing. With the introduction of Mechanized Irrigation Systems in agriculture, cost of irrigation has been reduced followed by increase in productivity.
Rapid increase in population leads to the increase in food demand across the world. Governments are funding for the use of technology in agriculture to increase the productivity.
All these factors are driving the Mechanized Irrigation Systems Market. The high initial investment required to setup these irrigation systems is restraining the market.
The Global Mechanized Irrigation Systems Market is segmented on the basis of type and on the basis of application. On the basis of type, the market is further segmented into Center pivot irrigation systems and lateral move irrigation systems.
Center pivot irrigation systems held major market share in this segment followed by Lateral move irrigation systems because of its water application accuracy. On the basis of application, the market is segmented into Land application of wastes, nursery crops, agricultural crops, lawns & gardens.
Agricultural crops held the major market share in applications segment followed by lawns & gardens. It is due to the large area over which agricultural crops are being harvested all over the world.
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Based on Region, the Mechanized Irrigation Systems market is segmented into North America, Asia-Pacific, Europe, Latin America, Middle East and Africa. North America being one of the most developed countries in the world dominates this market in terms of technology usage.
Asia-Pacific is the fastest growing market as this region has the top two countries having the largest agricultural land.
Some of the major players in the Mechanized Irrigation Systems market are:
- Lindsay Corporation
- Nelson Irrigation Corporation
- Jain Irrigation Systems Limited
- Driptech India Pvt. Ltd.
- Rain Bird Corporation
- Premier Irrigation Adritec
- Rivulis Irrigation
- Netafim Limited
- The Toro Company
- T-L Irrigation
- Valmont Industries
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