Global Mechanized Irrigation Systems Market Driven by Increased Efficiency of Water Consumption, to Reach US$35 bn by 2024.

Transparency Market Research has announced the publication of a new market study on the global mechanized irrigation systems market. The study examines the supply and demand patterns observed in the global mechanized irrigation systems industry in the recent past, supplies information on the breakdown of the market by various criteria, and provides forecasts about the market’s development in the coming years. The report is titled ‘Mechanized Irrigation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024’ and is available for sale on the official website of Transparency Market Research (TMR).

Mechanized irrigation systems are a method of irrigating crops and private lawns. Mechanization helps bring about a degree of automation in the irrigation process, which makes it more precise and efficient than its predecessor, flood irrigation. Mechanized irrigation is vital if mankind is to satisfy the hunger of the rampant global population. At current rates, the global population is expected to reach 9 billion by 2050. Feeding such a large number of people is a daunting challenge and requires every little boost man can achieve.

According to Transparency Market Research, the global mechanized irrigation systems market was valued at US$10 bn in 2015. Exhibiting a robust 14.9% CAGR from 2016 to 2024, the market is expected to reach a valuation of US$35 bn.

The primary driver for the global mechanized irrigation systems market is the increasing need to increase crop yield and the increase in efficiency it brings about. Since the flow of the water is managed much better in mechanized irrigation than in flood irrigation, water utilization in the former is up to 45% more efficient than in the latter. This is a major factor driving the adoption of mechanized irrigation systems in regions where flood irrigation is currently the norm. Mechanized irrigation systems also deal better with corrosion, thanks to the inclusion of a high-density polyethylene layer on the insides of galvanized pipes.

According to system type, the global mechanized irrigation systems market is segmented into center pivot irrigation and lateral move irrigation systems. Of these, center pivot irrigation systems took an overwhelmingly 69% share in the global mechanized irrigation systems market in 2015.

In terms of applications, agriculture accounted for the highest share in the global mechanized irrigation systems market in 2015. Agricultural crops took up a whopping 68% of the market, with the lawns and gardens segment coming second with a 17% share. Nursery crops and land application of wastes accounted for the remaining 15% of the global mechanized irrigation systems market.

Regionally, North America accounted for the largest share in the global mechanized irrigation systems market. The region’s dominant 34% share is attributable to the massive agriculture sector in the U.S. and Mexico. The agriculture sector in the U.S. is so vast, in fact, that it accounts for 80% of the nation’s total consumption of water. The steady demand from North American countries is expected to keep this region dominant in the global market for mechanized irrigation systems in the coming years.

The global mechanized irrigation systems market is segmented as follows:

Mechanized Irrigation Systems Market: By Type

Center Pivot Irrigation Systems
Lateral Move Irrigation Systems
Mechanized Irrigation Systems Market: By Application

Land Application of Wastes
Nursery Crops
Agricultural Crops
Lawns & Gardens

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This release was published on openPR.