USD 2285.07 million
Report ID:
SQSG20H2002 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|Tables:
116
|Figures:
77
Global Sprinkler Irrigation System Market size was valued at USD 2285.07 million in 2019 and is poised to grow from USD 2426.66 million in 2023 to USD 3884.01 million by 2031, growing at a CAGR of 6.05% in the forecast period (2024-2031).
The demand for greater agricultural output and quality, as well as growing worries about water shortages, are driving the global market for sprinkler irrigation systems. The availability of equipment for using sprinklers to spray fertilisers and pesticides, a drop in labour costs, and ease of operations support market expansion. Sprinklers are frequently installed by growers all over the world, especially in developed and growing markets like China and India, to cultivate a variety of fruits, vegetables, grain, oilseeds, and other crops.
The market for sprinkler irrigation systems is projected to increase as a result of farmers' increasing awareness of precision farming and acceptance of agriculture automation technologies and systems. Additionally, during the forecast period, the application of remote sensing and information technologies to assist sprinkler irrigation and reduce water losses at both the system and farm levels presents profitable potential for market participants.
However, due to the silt build-up, variables like sprinkler irrigation systems may instantly become clogged. This might slow down the growth in the upcoming years. A key worry is the large initial investment required for modern agricultural equipment as well as the high cost of installation and maintenance connected with different sprinkler systems. Additionally, one of the major factors impeding the expansion of the global sprinkler irrigation systems market is consumers' lack of knowledge about the many types of micro-irrigation systems available on the market for various agricultural applications.
US Sprinkler Irrigation System Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2285.07 million
Largest Segment
Center Pivot
Fastest Growth
Center Pivot
Growth Rate
6.05% CAGR
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Sprinkler Irrigation System Market is segmented by type, crop type, field size, mobility and region. By type, the Sprinkler Irrigation System Market is segmented into Center Pivot, Lateral Move, Solid Set. Based on crop type, the Sprinkler Irrigation System Market is segmented into Cereals, Oilseeds & Pulses, Fruits & Vegetables. Based on field size, the Sprinkler Irrigation System Market is segmented into small, medium and large. Based on mobility, the Sprinkler Irrigation System Market is segmented into, Stationary and Towable. Based on region, the global sprinkler irrigation system market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Center Pivot Sprinklers is estimated to dominate the global sprinkler irrigation system market
The market is expected to generate the most income from mechanised irrigation systems using centre pivot. These systems are widely used by growers across the world since they are recognised to provide high consistency of water supplied to crops. Center pivot systems' excellent adaptability to a variety of crops, from cereals to vegetables to orchard crops, as well as their cheap annual running costs, are some of the key elements influencing the expansion of this market. Due to their inherent qualities of self-moving, flexibility, and ability to run on electric motors, lateral motion irrigation systems are predicted to expand quickly in the next years. Since pivots are more advantageous for vast areas, the capital expenses for lateral systems are lower than those for pivots. Furthermore, unlike pivots, these systems require more labour and have a homogeneous pressure along the length. The fact that lateral motion irrigation systems change direction and irrigate over freshly watered area creates operational issues like uneven irrigation as one of their key drawbacks.
Utilization of sprinkler irrigation practices in production of field crops to remain high
Field crops like wheat, maize, barley, soybeans, rice, and others are in great demand since they are consumed as staples in many regions of the world. The majority of the aforementioned crop varieties are water-intensive, meaning they need a lot of water to develop well. These crops can be effectively grown using sprinkling irrigation systems without using up a lot of water. Sprinkler systems are widely used for growing field crops due to their great compatibility with a variety of field conditions and simplicity of use. Additionally, producers are developing cutting-edge equipment like small and medium-sized sprinklers that may be deployed to grow orchard, vegetable, and other crop varieties in constrained spaces.
Farmers looking to diversify their crop mix, cut back on input costs, or both can use oilseed crops as a management alternative. The financial viability and profitability of oilseeds and pulses are influenced by a variety of factors. The annual crop production cost must be maintained in order to attain optimal profitability. Oilseed and pulse crops' profitability and quality are significantly influenced by irrigation, among other reasons.
Demand for Towable Sprinklers is increasing across the Globe
Currently, stationary or fixed sprinkler systems have a bigger share due to their widespread use in many countries. Due to their low maintenance costs and widespread application throughout expansive areas where cereal, pulse, and plantation crops are cultivated, stationary sprinklers are more often used. Due to its great efficiency and ability to function in two or more separate fields, towable irrigation systems are expected to have an increase in demand in the upcoming years. Additionally, the growing introduction of towable sprinklers by market participants will spur additional expansion during the time.
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North america to dominate the global market owing to large land holding farm sizes in the region
In North America, sprinkler irrigation systems have the highest penetration. This area has a competitive edge due to the presence of significant firms including Valmont Industries, Lindsay Corporation, T-L Irrigation, and Reinke Manufacturing, Inc. These important companies have helped the region's irrigation infrastructure flourish by introducing farmers to precise watering techniques. Furthermore, over the past ten years, the market share of sprinkler irrigation systems in the US has climbed from 35% to 46%.
In North America, both groundwater and surface water are used for irrigation operations; however, it is estimated that over 60% of the irrigated area in the US, a significant market, is watered using groundwater. Due to the climatic circumstances, a huge portion of America can experience many crop cycles in a single year, owing to which a larger cropping intensity is possible in this region.
In terms of market share, Asia Pacific and Europe are expected to follow North America. The development of this industry is being driven by Europe's high level of understanding of contemporary irrigation systems and the widespread use of these systems for the production of diverse crops. Additionally, the allocation of sizable land areas for sprinkler irrigation across nations like Russia, France, Italy, and Spain is predicted to help increase the size of the regional market.
Due to a number of factors, Asia Pacific is predicted to experience the quickest growth during the projection period. One of the main factors is the fact that one of the most important revenue-generating industries in major economies like China and India is agriculture. The region's rapidly expanding population is pressuring farmers to use sophisticated irrigation methods, such sprinkler systems, to grow a lot of crops without wasting water. In addition, strong government backing for the use of these irrigation systems and the presence of regional market leaders like Jain Irrigation Systems are predicted to boost the growth of the sprinkler irrigation market in the years to come.
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Sprinkler Irrigation System Market Driver
The world is rapidly approaching a crisis-like situation due to the expanding global population and rapidly depleting water supplies. Considering how much water is utilised in agriculture, this industry is focused on implementing sustainable farming techniques and tools, such sprinkler irrigation. The market is expected to grow as a result of this. Sprinkler systems are being installed by farmers all over the world, particularly in developed and developing nations like China and India, to grow a variety of grain, oilseed, fruit, vegetable, and other crops. It is projected that growing farmer acceptance of agriculture automation technologies and systems as well as increased farmer knowledge of precision farming will support the expansion of the sprinkler irrigation market.
Government agencies in several nations support sprinkler irrigation by offering farmers various perks and subsidies in an effort to persuade them to use this technology. In order to conserve water, the Indian government encourages the use of sprinkler irrigation through the Pradhan Mantri Krishi Sinchayee Yojana programme. A European research project called Flexible Platform to Improve Farm Scale Water Productivity (FIGARO) is being co-funded by the European Commission under the 7th Framework Programme (FP7) with the goal of increasing water productivity in crops that use a lot of water and assisting in the development of efficient irrigation systems. This project encompassed 17 distinct organisations from 8 different nations, several of whom were commercial and academic leaders in the irrigation industry. To improve irrigation and fertiliser dosage, a crop-oriented management programme with a DSS (Decision Supporting System) module is used. The market for sprinkler irrigation is driven by these government-sponsored initiatives and projects.
Sprinkler Irrigation System Market Restraint
The type of technology has a bigger impact on the irrigation method selection. The industry is negatively impacted by the high installation expenses required to install the irrigation system in the field. Particularly in the price-sensitive developing nations of South America, Asia-Pacific, and the underdeveloped, impoverished nations of Africa, this factor is restricting market expansion. High capital expenditures per acre are necessary for equipment purchases. Along with the need to purchase equipment, maintaining a steady supply of fuel and spare parts may be quite expensive and burdensome for farmers and the farming community.
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The existence of prominent, regional and international businesses has moderately consolidated the market's competitive environment in the global sprinkler irrigation system market. Market companies are being encouraged to expand in economies where modern irrigation systems are becoming more and more popular, particularly in nations where water scarcity is already a problem or is predicted to become one in the future. Massive market players are constantly working to boost their sales by launching new products, engaging in merger and acquisition activity, and working with the government to raise public knowledge of the systems and their advantages. Some of the businesses with the largest market shares for sprinkler irrigation include Lindsay Corporation, Jain Irrigation Systems Ltd., Netafim Limited, and Valmont Industries.
Sprinkler Irrigation System Market Top Player’s Company Profiles
Sprinkler Irrigation System Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research. The report talks in detail about Sprinkler Irrigation System Market share, Sprinkler Irrigation System Market sales, Sprinkler Irrigation System Market trends, Sprinkler Irrigation System Market drivers, Sprinkler Irrigation System Market key players, and Sprinkler Irrigation System Market segmentation.
According to our analysis, with the rapidly growing population, the demand for agricultural products is increasing. This, in turn, has increased the demand for irrigation systems which can efficiently irrigate the crops and reduce wastage of water. The market is expected to grow as a result of the government's and industry players' increasing efforts to promote sprinkler irrigation systems and increase the area covered by them. Growth is expected to be further supported by the attainment of high application efficiency, simple mechanisation of the system, cheap labour cost linked with the system, and high potential of these systems to distribute soluble chemicals and fertilisers in the farms.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2285.07 million |
Market size value in 2031 | USD 3884.01 million |
Growth Rate | 6.05% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Sprinkler Irrigation System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sprinkler Irrigation System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sprinkler Irrigation System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Sprinkler Irrigation System Market size was valued at USD 2285.07 million in 2019 and is poised to grow from USD 2426.66 million in 2023 to USD 3884.01 million by 2031, growing at a CAGR of 6.05% in the forecast period (2024-2031).
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Report ID: SQSG20H2002
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