The sprinkler irrigation systems market is projected to reach USD 2.7 billion by 2025, from USD 2.4 billion in 2019, at a CAGR of 1.9% during the forecast period. Increasing demand for efficient irrigation systems and increased investments by both the public and private sector in the irrigation market can be attributed to the growing demand for sprinkler irrigation systems, especially in developing markets. Markets such as Asia Pacific and South America are among the key markets targeted by sprinkler irrigation manufacturers due to the increasing awareness about efficient irrigation and adoption rate of farmers .
Farmers and
governments are realizing the importance
of irrigation in agricultural production and yields. Sprinkler irrigation is a
crop irrigation system that uses machinery to provide a specific amount of water and has the ability to control and monitor
the water resources, resulting in water and energy savings. The market for
sprinkler irrigation systems is estimated at USD 2.4 billion in 2019; it is
projected to grow at a CAGR of 1.9%, to reach USD 2.7 billion by 2025.
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Various
manufacturers are developing advanced sprinkler irrigation systems that are
quick and efficient as they are equipped with additional precision farming
features such as GPS, sensors, and remote-control technology, or further
enhancing the existing mechanical features in their products. The demand for
agricultural equipment that can be controlled remotely has increased globally, and sprinkler system manufacturers are also
incorporating the same in their products. Valmont Industries and Reinke
Manufacturing Company have developed sensor-based irrigation systems, which
monitor the soil moisture for irrigation purposes.
On the basis of
type, the lateral move segment is projected to record a higher growth rate
during the forecast period. The primary advantage of lateral move systems is that
it can irrigate rectangular fields. Furthermore, unlike pivots, these systems
have a uniform pressure along the length and are more labor-intensive. These factors are
projected to contribute to higher growth
of lateral move systems.
On the basis of
crop type, the adoption of sprinkler systems is projected to remain high for other
crops such as sugarcane and forages. According to the FAO, in 2017, Brazil was
the main producer of sugarcane across the world. Though sprinkler irrigation is
not that widely used for sugarcanes, research on the application of center
pivots in Brazilian sugarcane fields is gaining traction, thereby promoting the
use of these systems for sugarcane production. In addition, recently, modern
sprinkler systems are being put into use for irrigating forages. Stationary
sprinklers such as permanent set systems are used for fields as large as 10
acres; portable systems such as center pivots, lateral move, side rolls, and
traveling guns are typically used for larger fields. Due to these factors, the others segment, on the basis of crop type, is projected
to grow in the sprinkler irrigation systems market.
Development of
innovative sprinkler irrigation systems is projected to provide profitable opportunities
for the market growth, globally. Technological
advancements are largely adopted by key players for incorporating additional
features or enhancing the already existing features in their products. The
development of remotely controllable systems and user-friendly control panels
enable farmers to handle center pivots and irrigation stream flow effectively.
Leading players such as Valmont Industries, Lindsay Corporation, T-L
Irrigation, and Reinke Manufacturing Company mainly focus on developing new
products to sustain its position in the global market.
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