Sprinkler Irrigation Systems Market Growth Projections Envision USD 3.91 Billion Valuation by 2030
Sprinkler Irrigation Systems Market Outlook
sprinkler irrigation systems market, valued at USD 3.91 billion by 2030, is poised to grow at a CAGR of 3.64% during the forecast period. Sprinkler irrigation mimics rainfall by sprinkling water on agricultural land and crops. Its widespread adoption stems from the benefits of uniform water application, increasing crop yield, and addressing concerns about water scarcity. Governments worldwide are actively promoting water management initiatives, further propelling the growth of the sprinkler irrigation systems market.
Diving into the market segmentation, the types of sprinkler irrigation systems include center pivot, lateral move, solid set, and others. In 2021, the center pivot segment dominated the market due to its lower labor requirements, driving its growth. However, the solid set segment is projected to experience the highest CAGR during the forecast period. The ease and widespread application of water through solid set systems, coupled with the growing demand in developing countries, contribute to the segment's anticipated growth.
Crop type categorization includes cereals, oilseeds and pulses, fruits and vegetables, and others. The cereals segment is estimated to dominate the market in 2021, driven by large-scale global cereal production. Conversely, the oilseeds and pulses segment is expected to exhibit the highest CAGR during the forecast period, fueled by increasing demand for oilseeds.
Examining mobility options, sprinkler irrigation systems are divided into stationary and towable segments. In 2021, the stationary segment dominated the market, primarily due to the widespread use of traditional stationary systems worldwide. However, the towable segment is projected to show the highest CAGR during the forecast period, driven by the convenience offered. Towable systems eliminate the need to farm around the sprinkler risers, enhancing their adoption.
Regionally, North America is expected to lead the global market, with the US holding a significant market share due to a high adoption rate among farmers. Europe follows suit, driven by growing concerns about water scarcity. Meanwhile, the Asia-Pacific region is projected to experience the highest CAGR, fueled by government initiatives promoting sprinkler irrigation systems, especially in developing countries.
Key players sprinkler irrigation systems market include Lindsay Corporation, Valmont Industries Inc., Jain Irrigation Systems Ltd., Rivulis, Netafim Limited, The Toro Company, Rinke Manufacturing Co., Inc., Nelson Irrigation Corporation, T-L Irrigation Company, Antelco Pty. Ltd., Mahindra EPC Ltd., Elgo Irrigation Ltd., Irritec S.P.A., Hunter Industries Inc., and Access Irrigation Ltd. These players employ strategies such as product launches, partnerships, mergers, and expansions to stay competitive.
For instance, in February 2021, Nelson Irrigation Corporation introduced additions to its Pivot Products line, including the R55I Inverted End of Pivot Sprinkler with a specially engineered gray plate. This configuration is designed to be easy to plumb and effectively manages debris collection at the end of the system, according to the company's claims.
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