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Future of the Sprinkler Irrigation Market: Strategic Analysis and Forecast to 2034
Sprinkler Irrigation Market
Sprinkler Irrigation Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for sprinkler irrigation has experienced substantial growth lately. It is predicted to grow from $3.11 billion in 2024 to $3.41 billion in 2025 with a compound annual growth rate (CAGR) of 9.6%. The growth witnessed in the past has been propelled by factors such as increasing worries about water shortage, enhanced agricultural productivity, government allowances and inducements, impacts of climate change, and labor cost savings.
Sprinkler Irrigation Market Size Forecast: What's the Projected Valuation by 2029?
The expansion of the sprinkler irrigation market size over the next several years is predictive of sturdy growth. By 2029, it is forecasted to scale up to $4.79 billion with a compound annual growth rate (CAGR) of 8.9%. Factors contributing to the growth during this period include the rising environmental consciousness, penetration into new markets, rules and regulation regarding water management, an upsurge in the use of sprinkler irrigation systems in farming, and an escalating recognition among farmers regarding the advantages of sprinkler irrigation systems. Noteworthy trends predicted for the period include remote monitoring and mobile applications, the implementation of VRI systems, the use of drones for irrigation control, soil moisture sensors, automation, and intelligent irrigation.
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What Are the Drivers Transforming the Sprinkler Irrigation Market?
The surge in government and private backing for irrigation initiatives in underdeveloped nations is projected to spur the sprinkler irrigation market's expansion. Both the government and private sectors are collaborating in offering consultancy services and data to meet the demands of agrarian communities and farmers. The World Bank Group estimates that $2 billion is necessary to irrigate 1 million hectares of land in Southern Ukraine. A combination of public resources and private sector strategies is crucial to address the financial shortfall for larger projects. Hence, the escalating government and private backing for irrigation initiatives in less developed countries is fuelling the development of the sprinkler irrigation market.
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What Long-Term Trends Will Define the Future of the Sprinkler Irrigation Market?
Big firms within the sphere of sprinkler irrigation are strategizing towards creating digital systems for water distribution, a move intended to increase accuracy, maximize water use, and boost the general effectiveness of irrigation. A digital water distribution system is a high-tech approach that manages and distributes water via irrigation networks, using digitalized tools, sensors, and data analysis to monitor, govern, and enhance water flow dynamically. A case in point is The National Informatics Centre (NIC), a department under the Indian Ministry of Electronics and Information Technology, unveiling a revolutionary digital water distribution system in May 2024. This ground-breaking platform is designed to increase transparency and efficiency in the distribution of water from the Gang Canal and Indira Gandhi Canal. Farmers are now able to check on the status of water reaching their agricultural lands, thereby mitigating human mistakes linked with conventional manual systems.
Which Segments in the Sprinkler Irrigation Market Offer the Most Profit Potential?
The sprinkler irrigation market covered in this report is segmented -
1) By Type: Centre Pivot Irrigation Systems, Lateral Move Irrigation Systems, Solid Set Sprinkler Systems, Others
2) By Field Size: Small Fields, Medium-Sized Fields, Large Fields
3) By Mobility: Stationary, Towable
4) By Application: Field Crops, Orchard Crops, Landscape and Turf, Others
Subsegments:
1) By Centre Pivot Irrigation Systems: Low-Pressure Centre Pivot Systems, High-Pressure Centre Pivot Systems, Lateral Move Centre Pivot Systems
2) By Lateral Move Irrigation Systems: Linear Move Irrigation Systems, Side Rollers, Traveling Gun Systems
3) By Solid Set Sprinkler Systems: Permanent Solid Set Systems, Portable Solid Set Systems
4) By Others: Micro-Sprinkler Irrigation Systems, Drop Irrigation Systems, Mobile Irrigation Systems, Automated Sprinkler Systems
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Which Firms Dominate the Sprinkler Irrigation Market by Market Share and Revenue in 2025?
Major companies operating in the sprinkler irrigation market include Lindsay Corporation, Jain Irrigation Systems Ltd., Valmont Industries, Rain Bird Corporation, Reinke Manufacturing Co. Inc., Netafim Limited, The Toro Company, Hunter Industries, Nelson Irrigation Corporation, Rivulis Irrigation Limited, T-L Irrigation Co., Alkhorayef Group, Mahindra EPC Ltd., Elgo Irrigation Ltd., Antelco Pty Ltd., Irritec S.p.A, Orbit Irrigation Products, Pierce Corporation, Hydro-Rain, Irritrol Systems, K-Rain, Weathermatic, Woodford Manufacturing, Action Machining Inc., BAFSCO Irrigation, Blazing Products, Champion, Dekorra Rock Enclosures, Dig Corporation, Fertile Earth Systems Inc.
Which Regions Offer the Highest Growth Potential in the Sprinkler Irrigation Market?
North America was the largest region in the sprinkler irrigation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the sprinkler irrigation market share during the forecast period. The regions covered in the sprinkler irrigation market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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