Report ID: SQSG20H2002
Report ID:
SQSG20H2002 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
116 |
Figures:
77
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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REQUEST FREE CUSTOMIZATIONSprinkler 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