Encouraging government initiatives to mainstream adoption of precision agriculture likely to augment growth in the global Sprinkler Irrigation Market
Covid-19 Impact & Market Status
Like other sectors which have suffered major setbacks owing to the Covid-19 impact, wastewater management and water resource sectors have also been severely affected, encompassing both commercial and domestic water consumption. Therefore, Covid-19 led implications have catapulted unique and high-end water resource management solutions, thus lending substantial growth fillip to the global sprinkler irrigation market.
Despite the growing demand for smart irrigation solutions such as sprinkler irrigation, market participants are suffering owing to resource deficit, high prices of raw materials, transport costs, and supply chain disruptions. However, with the global travel ban being relaxed, it is expected that the worldwide sprinkler irrigation market could witness gradual recovery and marketplace re-arrangement.
Lateral Sprinkler Irrigation Type to Experience Mass Scale Adoption
Both lateral and center pivot sprinkler irrigation systems are likely to remain the most preferred segments based on type of sprinkler irrigation systems owing to benefits such as minimal labor needs, fertigation capabilities, ease of application, and the like. Additionally, lateral systems are also more suitable for various soil topographies, irrespective of variations in soil, the shape of the land, and area. These factors are improving mass scale adoption of lateral type sprinkler irrigation systems.
Mobile Sprinkler Irrigation Systems To Remain Remunerative Through The Forecast Era
Better water efficiency and ease of use of mobile sprinkler irrigation systems to support segment expansion based on mobility. Mobile sprinkler irrigation systems aids in controlling foliar loss, canopy evaporation, and deep percolation.
APAC & MEA to Emerge as the Fastest Growing Regions through the Forecast Era
In the global sprinkler irrigation market, North American region holds the largest growth opportunities owing to the ample availability of arable lands. Further, government initiatives to encourage novel agricultural methods such as precision agriculture and lucrative funds coming on from private and public entities are further improving North America's stance in the competitive arena.
The Asia-Pacific nations are likely to remain the fastest-growing owing to tremendous initiatives towards sprinkler irrigation space. Countries such as China and India sustain the lion's share of the revenues, closely followed by MEA countries. Countries such as Israel are the hub of world leaders in micro-irrigation, such as Netafim. Further, China is likely to increase around 18.3 million hectares of farmland by 2025, complete with efficient smart irrigation techniques. This development is a significant milestone in the global sprinkler irrigation market.
Features such as sensor-based controllers to monitor moisture, weather, and soil conditions for best irrigation outcome, IoT, and edge computing integration pave further expansion in the global Sprinkler Irrigation Market
Breakthroughs in micro-irrigation methods and government initiatives to revolutionize agricultural practices for improved agricultural output encourage large-scale adoption and advancement in the sprinkler irrigation market. The global sprinkler irrigation market is approaching unparalleled growth, reaching over USD 9.46 billion at a CAGR of 16% during 2021-2028.
Advantages such as water efficiency and ease of use across various soil types and topographies to attain optimum agricultural output at affordable pricing are tracing novel growth opportunities in the global sprinkler irrigation market. Further, sprinkler irrigation systems can also decrease dependence on fertilizers and constant manual intervention to sustain soil quality and agricultural output.
These features are stoking favorable adoption across geographies, more specifically among countries with minimal access to arable land. For instance, desert nations such as Israel now boast of sufficient water and sufficient agricultural output backed by micro-irrigation adoption. Such development projects are constantly driving market expansion globally.
As water conservation takes center stage, conventional border check irrigation technology is swiftly being replaced by sprinkler irrigation systems, resulting in water conservation, improved production, and cost-efficiency. These are the key market drivers for the global sprinkler irrigation market. However, lack of awareness, rigidity, limited understanding of sprinkler irrigation system design and management are constricting market growth.
Besides MEA, agricultural countries such as India and China are also glorious examples of micro-irrigation adopters, offering ample growth opportunities for market expansion. In tandem with rapid funding and consumer awareness, technological developments are also expediting reliance and adoption of sprinkler irrigation methods. New features such as voice commands and sensor-based soil and weather controllers are opening up new opportunities.
The competitive arena of the global sprinkler irrigation market is characterized to have both prominent as well as new market participants spread across regional and global hubs across geograpgies. Water scarcity is a persistent challenge and market participants in the global sprinkler irrigation market are gearing up to address the issue by launching new product variants which are dynamic, affordable, and are convenient to use. Requisite spending in commercial mergers and acquisitions as well as spreading out across diverse geographic pockets, are some of the main investment practices.
Companies are also collaborating with R&D institutes to improve their offerings and improve crease awareness. These developments are helping in better positioning of the products across the global arena. The report also has highlights and corporate profiling of the leading players who have positioned themselves favorably on the global growth curve. Some of the major players in the global sprinkler irrigation market include Netafilm Ltd., Reinke Manufacturing, Lindsay Corporation, Jain Irrigation Systems, Valmont Industries, The Toro Company, Hunter Industries, Nelson Irrigation, and Rivulis Irrigation, among several others.
Latest Innovations in the Global Sprinkler Irrigation Market: a Snapshot
- In December 2020, an Israel-based company Netafim launched its line of eco-friendly sprinkler irrigation systems to support eco-friendly rice production. This year the company has also diversified its product line with the launch of a lightweight and mobile sprinkler irrigation system, a drip kit that is portable. The development aims to encourage small farmers' initiatives and is ideal for small farmlands.
- Water Ways Technologies, a veteran in offering high-end agricultural solutions, has bagged a new project to deliver smart irrigation solutions to support the production of grapes, mangoes, and blueberries in South America. The development is a milestone to support growth in the global sprinkler irrigation market.
- India's Irrigation & Soil Monitoring System has come up with a novel sprinkler irrigation system to help small farmers emerge from the Covid-19 impact. These latest sprinkler irrigation systems have improved features such as moisture retention, temperature, and humidity monitoring capabilities.
Sprinkler Irrigation Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 9.46 billion|
|Growth Rate||CAGR of 16% during 2021-2028|
|Segment Covered||Type, Mobility, Application, Region|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Netafilm Ltd., Reinke Manufacturing, Lindsay Corporation, Jain Irrigation Systems, Valmont Industries, The Toro Company, Hunter Industries, Nelson Irrigation, and Rivulis Irrigation, among several others.|
Key Segments of the Global LVDS Chips Market
Type Overview, 2018-2028 (USD Billion)
- Center Pivot
- Lateral Move
- Solid Sets
Application Overview, 2018-2028 (USD Billion)
- Field Crops
- Orchard Crops
- Landscape and Turf
Mobility Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa