The global Sprinkler Irrigation Systems Market size is expected to reach USD 2.89 Billion by 2028 and register a CAGR of 2.2%, according to the latest report by Reports and Data. Some factors fueling global market revenue growth are constant demand for food and crops among a rapidly expanding global population. Sprinkler irrigation is a technique that enables more efficient water usage to irrigate and cultivate crops and these systems can be deployed in application areas ranging from small scale to large scale farms.
This report on the Sprinkler Irrigation Systems market delivers a cumulative synopsis of the speculations of this business, overall, along with an evaluation of its segmentations. It predicts the Sprinkler Irrigation Systems market to advance as one of the most profitable verticals, generating massive revenue by the end of the forecast years, exhibiting a sizable growth rate over the calculated period.
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Valmont Industries (US), Lindsay Corporation (US), Jain Irrigation Systems Ltd. (India), The Toro Company (US), Rivulis Irrigation Ltd. (Israel), Netafim Limited (Israel), Rain Bird Corporation (US), T-L Irrigation (US), Reinke Manufacturing Co., Inc. (US), Nelson Irrigation Corporation (US), Hunter Industries (US), Mahindra EPC Ltd. (India), Alkhorayef Group (Saudi Arabia), Elgo Irrigation Ltd. (Israel), Antelco Pty Ltd. (Australia), and Irritec S.p.A (Italy) are some major players in the sprinkler irrigation systems market.
Some key highlights from the report:
- Based on type, the oilseed & pulses segment is expected to register fastest revenue CAGR throughout the forecast period owing to need for low labor or workforce and more judicious utilization of water, and steady demand for different types of oilseeds and pulses.
- On the basis of mobility, the stationary segment is expected to account for major revenue growth during the forecast period owing to low maintenance cost and high installation rates in various sized fields.
- Based on type, the solid set segment is projected to register significant revenue growth during the forecast period due to comparative easy operations and growing demand for irrigating small fields, forages, and gardens, especially in developing economies.
- North America accounted for largest revenue share in the global market in 2020 and is expected to continue its dominance during the forecast period owing to availability of large arable land and presence of well-established market players.
- Asia Pacific market is expected to register fastest revenue CAGR of 1.6% during the forecast period owing to favorable government initiatives to support modern irritation techniques and increasing demand for crops among growing populations in countries in the region.
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For this study, Reports and Data has segmented the global sprinkler irrigation systems market based on type, crop type, field size, mobility, and region:
Based On Type: (Revenue, USD Billion, 2018 – 2028)
- Center Pivot Irrigation Systems
- Lateral Move Irrigation Systems
- Solid Set Sprinkler Systems
Based On Crop Type: (Revenue, USD Billion, 2018 – 2028)
- Oilseeds & Pulses
- Fruits & Vegetables
Based on Field Size: (Revenue, USD Billion, 2018 – 2028)
- Small Fields
- Large Fields
Based on Mobility (Revenue, USD Billion, 2018 – 2028)
Based On Region: (Volume, Kilotons; Revenue, USD Billion, 2018 – 2028)
- North America
- Rest Of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Key Points Addressed in the Report:
- A detailed analysis of the global Sprinkler Irrigation Systems market through assessment of key market aspects such as technology, product type, application, end-use, and overall industry dynamics.
- Qualitative and quantitative analysis of the market estimation from 2018 to 2028 and CAGR calculation for the forecast period.
- All-inclusive assessment of market dynamics with emphasis on drivers, restraints, opportunities, and limitations.
- Extensive profiling of key companies operating in the market including company overview, financial standing, product offerings, product portfolio, recent product and technological advancement, and business expansion plans.
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