Sprinkler Irrigation System Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Centre Pivot, Lateral Move, Solid Set, Others), By Application (Cereals, Oilseeds And Pulses, Fruits And Vegetables), By Mobility (Stationary, Non-Stationary), By Field Size (Small Fields, Medium-Sized, Large Fields), And By Geography - Forecasts From 2022 To 2027
- Published : Sep 2022
- Report Code : KSI061612713
- Pages : 121
The global sprinkler irrigation system market is expected to grow at a CAGR of 9.96% over the forecast period to reach a total market size of US$2.900 billion by 2027, increasing from US$1.492 billion in 2020.
Sprinkler irrigation means applying water above the ground surface in the form of a spray resembling rainfall through the nozzle of a pump. It has many advantages, including cost and water savings. It is ideal for hilly terrain with an undulating slope. As water becomes increasingly scarce, the use of sprinkler systems is likely to increase as their use saves a lot of water. There has been significant investment from both the private and public sectors in the irrigation market, which is expected to further fuel the market’s growth. Sprinkler irrigation is being supported by the governments of various nations by providing subsidies or benefits to farmers. As there is a shift from traditional irrigation methods to technologically advanced irrigation systems, demand for sprinkler systems is expected to increase. But the high cost of installation and maintenance is expected to be a restraint on market growth.
The evolution of advanced irrigation systems
Development and advancement of irrigation systems, especially in developing countries for efficient use of water resources, are expected to drive the growth of the market during the forecast period. Major players are investing heavily in research and development, aiming to incorporate new features such as remote-controlled systems, wireless pumps, and GPS-enabled systems among others into their existing product line. Such efforts will also propel the growth of the market in the coming years.
By type segment insight
By type, the center pivot segment is expected to have a significant market share as it can be used on various field sizes and has a low operating cost. By field size, the large and medium-sized segments are expected to have a notable market share as the return on investment is higher.
Crop-type segment analysis
By crop type, the global sprinkler irrigation systems market is segmented based on cereals, oilseeds and pulses, and fruits and vegetables. Oilseed and pulses are expected to have a significant market share because farmers are using advanced irrigation practices to maximize productivity, which affects the overall profitability and quality of oil and seed, and pulses. In addition, efficient water use in extreme climatic conditions is further anticipated to boost the demand for sprinkler irrigation systems in fruit and vegetable production.
By geography, North America holds a significant share of the market
By geography, the global sprinkler irrigation system market is segmented into North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. The North American region is expected to hold a significant share of the market owing to the presence of major players that are investing in the development of new and advanced irrigation systems in the region. Also, sprinkler irrigation systems are widely adopted in the United States, and with favorable government initiatives in the form of subsidies, the market is anticipated to witness significant growth over the forecast period.
In addition, rising disposable income coupled with the growing adoption of sprinkler irrigation systems in the production of fruits and vegetables in developing countries like India and China is anticipated to boost the growth of the market in the Asia Pacific region. Besides, the region is home to major sprinkler irrigation system companies and, with the increasing product launches, the market is expected to witness significant growth in the coming years. The European region is expected to witness significant growth on account of the early adoption of technology and growing investment in research and development by players in the region. Furthermore, growing oilseed and pulses production is further propelling the growth of the market in the coming years.
Key developments in the market
- In December 2021, one of the leading developers of smart irrigation solutions, Netafim India, launched Flexi Sprinkler Kits, a revolutionary field crops sprinkler irrigation system for open field crops and vegetables, including jowar, soybean, groundnut, and many more. Depending on the farmer's needs and the size of their landholding, the Flexi Sprinkler Kit, which includes FlexNet pipe and a D-Net sprinkler unit, can be modified. By 2022, the business aims to distribute the Flexi Sprinkler Kit to 15,000 farmers throughout India, covering 15,000 hectares of land. The kit is offered by Netafim's dealer network throughout all of India.
- In May 2020, the Government of Uttar Pradesh (India) launched “Pradhan Mantri Krishi Sinchayi Yojna – Per Drop More Crop Micro Irrigation” whose prime objective is a quality product and an increase in productivity by adopting drip and sprinkler irrigation systems in horticulture and agricultural crops.
- In May 2019, a manufacturing facility for a drip and sprinkler irrigation system established by a joint venture of India’s Skipper Ltd and Israel’s Metzer was inaugurated in Hyderabad.
COVID-19 had a significant impact on the global sprinkler irrigation system market. The surge in active cases and rapid spread of the infection, coupled with the border restrictions, had a significant impact on the staffing in the agriculture industry briefly. However, in developing countries, major developments by key players played a critical role in improving the installation of sprinkler irrigation systems.
Sprinkler Irrigation System Market Scope:
|Market Size Value in 2020||US$1.492 billion|
|Market Size Value in 2027||US$2.900 billion|
|Growth Rate||CAGR of 9.96% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Application, Mobility, Field Size, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Valmont Industries, Lindsay Corporation, Jain Irrigation System Ltd., The Toro Company, Rivulis Irrigation, Netafim Ltd, Rain Bird Corporation, T-L Irrigation, Komet Irrigation Corp., Mahindra EPC|
|Customization Scope||Free report customization with purchase|
- By Type
- Center Pivot
- Lateral move
- Solid set
- By Application
- Oilseeds and Pulses
- Fruits and Vegetables
- By Mobility
- By Field size
- Small fields
- Large fields
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. GLOBAL SPRINKLER IRRIGATION SYSTEM MARKET ANALYSIS, BY TYPE
5.2. Center Pivot
5.3. Lateral move
5.4. Solid set
6. GLOBAL SPRINKLER IRRIGATION SYSTEM MARKET ANALYSIS, BY APPLICATION
6.3. Oilseeds and Pulses
6.4. Fruits and Vegetables
7. GLOBAL SPRINKLER IRRIGATION SYSTEM MARKET ANALYSIS, BY MOBILITY
8. GLOBAL SPRINKLER IRRIGATION SYSTEM MARKET ANALYSIS, BY FIELD SIZE
8.2. Small fields
8.4. Large fields
9. GLOBAL SPRINKLER IRRIGATION SYSTEM ANALYSIS, BY GEOGRAPHY
9.2. North America
9.2.1. United States
9.3. South America
9.4.3. United Kingdom
9.5. The Middle East and Africa
9.5.1. Saudi Arabia
9.6. Asia Pacific
9.6.4. South Korea
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. COMPANY PROFILES
11.1. Valmont Industries
11.2. Lindsay Corporation
11.3. Jain Irrigation System Ltd.
11.4. The Toro Company
11.5. Rivulis Irrigation
11.6. Netafim Ltd
11.7. Rain Bird Corporation
11.8. T-L Irrigation
11.9. Komet Irrigation Corp.
11.10. Mahindra EPC
Jain Irrigation System Ltd.
Rain Bird Corporation
Komet Irrigation Corp.
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