Mechanized Irrigation Systems Market Global Industry Analysis Forecast 2016 - 2024

The global market for mechanized irrigation systems has been observed to have an exceedingly fragmented competitive landscape, with the top companies contending on the basis of product differentiation to stay ahead of the competition, observes Transparency Market Research in one of its recent reports. Apart from some leading international companies, the market for mechanized irrigation systems also features the dominance of some regional and domestic players in emerging markets. Presently, some of the market’s leading vendors are Reinke Manufacturing Company, Inc., Lindsay Corporation, Jain Irrigation Systems Limited, and Premier Irrigation Adritec.

Transparency Market Research analysts estimate that the global mechanized irrigation systems market will exhibit a robust 14.9% CAGR from 2016 to 2024, rising from a valuation of US$10 bn in 2015 to US$35 bn by 2024.

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North America’s Massive Agriculture Industry to Provide Vast Growth Opportunities

Of the key areas of application, the agriculture industry accounted for the dominant share in the market in 2015, an estimated 68%, with the lawns and gardens sector coming second but accounting for a relatively measly 17% of the overall market in the said year. On the basis of system type, the global mechanized irrigation systems market is examined in the report for lateral move irrigation systems and center pivot irrigation. Of these, the segment of center pivot irrigation systems took an overwhelmingly high 69% of the global mechanized irrigation systems market in 2015.

From a geographic standpoint, North America accounted for the dominant 34% in the global mechanized irrigation systems market, chiefly attributable to the massive and thriving agriculture sector in countries such as the U.S. and Mexico. The agriculture sector alone in the U.S. accounts for 80% of the nation’s total consumption of water. The steady demand for water from North American countries is expected to keep this region dominant in the global mechanized irrigation systems market in the coming years.

Higher Efficiency Levels Compares to Conventional Flood Irrigation Systems Boost Adoption of Mechanized Systems

The key factors driving the increased adoption of mechanized irrigation systems across the globe is the rising crunch of freshwater resources and the increasing need for adopting efficient irrigation methods to provide for a burgeoning agriculture sector. Since the flow of the water is managed in mechanized irrigation systems in a much better manner as compared to flood irrigation systems, utilization of water in the former is nearly 45% more efficient than in the latter. This is a key factor advocating the increased adoption of mechanized irrigation systems, especially in regions where water scarcity is a serious issue hindering the development of the agriculture sector and use of conventional flood irrigation systems is extensive.

Mechanized irrigation systems are also being favored over flood irrigation systems as they deal better with corrosion owing to the inclusion of a high-density polyethylene layer on the insides of galvanized pipes used for setting up mechanized irrigation systems. Other factors leveraging the usability of mechanized irrigation systems include their flexibility in application regardless of the size and shape of the filed, easy adaptation with a variety of soil types, crops, weather, and field conditions, and minimum operating costs.

Browse Report with Full TOC at : http://www.transparencymarketresearch.com/mechanized-irrigation-systems-market.html

This review of the market is based on a recent market research report by Transparency Market Research, titled “Mechanized Irrigation Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”

For the study, the global mechanized irrigation systems market has been 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

Mechanized Irrigation Systems Market: By Geography

North America
Europe
Asia Pacific
The Middle East and Africa

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