The sprinkler irrigation systems market was valued at USD 1.86 billion in 2016. It is projected to grow at a CAGR of 14.97% from 2017, to reach 4.27 billion by 2022. The growing requirement of irrigation facilities for agricultural production & yields and enhancing farmland values have contributed to the growth of the sprinkler irrigation systems.
Center pivot irrigation systems were the most dominant type segment in 2016; the market for these systems is projected to grow at the highest rate due to the adaptability of these systems to different terrains, crop type, land sizes, and weather conditions. Other systems such as micro-sprinklers are gaining popularity as garden and lawn sprinklers for the purpose of lawn maintenance.
The use of sprinkler irrigation systems in large fields is projected to grow at the highest rate, due to the growing trend of consolidation of small and medium-sized land holdings into large land holdings witnessed in various irrigation markets around the globe.
Rapid growth in the demand for cereal crops from increasing population and use of cereals in animal feed and biofuels is also driving the application of mechanized irrigation systems in cereal crops. The acreage under the stationary mechanized irrigation systems is large, as they are the conventional irrigation systems. Also, for large acreages, the use of towable irrigation systems has not been conducive.
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North America accounted for the largest market share in 2016, while RoW is projected to grow at the highest CAGR for the next five years. North America extensively uses mechanized irrigation systems to maximize production and increase the export trade. Large irrigation projects in South Africa, Saudi Arabia, and Egypt are driving the growth of mechanized irrigation systems market in RoW.
Over the past years, competition in the sprinkler irrigation market has intensified. Valmont Industries, Inc. (US), Lindsay Corporation (US), Nelson Irrigation Corporation (US), and Jain Irrigation Systems Ltd. (India) are some of the major players dominating the market. Growth in the market for mechanized irrigation systems is largely driven by strategies such as new product & technology launches, which improved the ability to monitor and control irrigation equipment. This helped achieve higher precision and uniformity in the application of water and other activities such as fertigation, germination, and chemigation.
