Sprinkler Irrigation Systems Market Size Bold Visions and Strategies for Epic Growth

The Global Sprinkler Irrigation Systems Market is a growing market that is expected to experience a healthy growth rate over the forecast period from 2022 to 2029.

Sprinkler irrigation systems are used in agriculture to spray water onto the soil, and their popularity has been increasing due to factors such as increasing agricultural production and yields, as well as rising awareness among farmers about precision farming.

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The market value of the global wheat production in 2022 was estimated to be 778.6 million metric tonnes, with corn being the most important grain at over 1.2 billion metric tonnes. In India, the food grain yield in 2022 was estimated to be around 2,419 kilograms per hectare, representing an increase over the previous year. Rice was the most widely produced food grain in India in 2022. These factors contribute to the growing demand for sprinkler irrigation systems.

Precision farming, which involves the use of advanced technologies for optimizing agricultural practices, is also driving the market growth. The market value of precision farming was approximately USD 7 billion in 2021 and is expected to reach USD 14.5 billion by 2027.

The market for precision fertilizer is also projected to be worth around USD 1.24 billion by 2025. Government efforts to conserve water sources and the increasing demand for better crop yield and quality are further driving the growth of the sprinkler irrigation systems market.

However, the high cost of sprinkler irrigation systems remains a challenge for market growth throughout the forecast period. Despite this challenge, the market is expected to witness significant growth due to the advantages offered by sprinkler irrigation systems in terms of water conservation and improved crop productivity.

The key regions considered in the market study are Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America currently dominates the market in terms of revenue, mainly due to the introduction of precise irrigation techniques in the region.

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Asia Pacific is expected to grow at the highest compound annual growth rate (CAGR) during the forecast period, driven by advancements in existing irrigation systems and active participation of government organizations in the market.

The major players in the global sprinkler irrigation systems market include Valmont Industries, Lindsay Corporation, Jain Irrigation Systems Ltd., The Toro Company, Rivulis Irrigation Ltd., Rain Bird Corporation, T-L Irrigation, Reinke Manufacturing Co., Inc., Nelson Irrigation Corporation, and Hunter Industries. These companies are continuously involved in product development, strategic partnerships, and other initiatives to strengthen their market position.

The report provides a comprehensive analysis of the market, including historical data from 2019 to 2021, the base year for estimation being 2021, and a forecast period from 2022 to 2029. It covers various aspects such as revenue forecasts, company rankings, competitive landscape, growth factors, and trends. The market is segmented based on mobility (stationary and towable) and type (lateral move irrigation systems, center pivot irrigation systems, solid set sprinkler systems, and others). The regional scope includes North America, Europe, Asia Pacific, Latin America, and the Rest of the World.

The objective of the study is to define market sizes of different segments and countries in recent years and forecast their values for the coming years. The report incorporates both qualitative and quantitative aspects of the industry and provides insights into driving factors, challenges, opportunities, competitive landscape, and product offerings of key players. Customization options are available for the report, allowing for addition or alteration to the country, regional, and segment scope.

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