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.

Get Sample Copy:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5531

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.

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.

Grab an exclusive PDF Brochure of this report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5531

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.

Read Our Latest Press Release:

https://www.prnewswire.com/news-releases/power-management-integrated-circuits-market-predicted-to-be-valued-at-us56-48-bn-by-2026–applications-in-highly-lucrative-automotive-consumer-electronics-sectors-evident-of-monumental-growth–tmr-301262055.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

Contact

Transparency Market Research State Tower,

90 State Street,

Suite 700,

Albany NY – 12207

United States

USA – Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com