"Yield Higher Revenue with our Exclusive Insights "
Mechanized irrigation systems supply water to crops and fields using machines such as pumps, sprinklers, drip hoses, and other equipment. These are designed to pump a specific amount of water and can control and monitor water resources. Mechanized systems are primarily developed to mitigate growing concerns about water scarcity worldwide. The systems are fixed or mobile and come in various types, including center pivot, lateral move, and solid set irrigation systems.
Various governments recognize the importance of irrigation in increasing agricultural production and yields, promoting the capacity of irrigation systems to manage and monitor water resources, and helping to save water and energy. Mechanized irrigation provides the flexibility of advanced irrigation equipment, and the efficient control of water application makes it useful in difficult conditions. Moreover, various countries are promoting the use of irrigation systems such as sprinklers and drip irrigation by providing subsidies and other beneficial programs.
Furthermore, the rapidly growing population increases the demand for agricultural products. This has increased the demand for irrigation systems that efficiently irrigate crops and reduce water waste. Key players are entering various partnership agreements to launch new products, augmenting mechanized irrigation system market share.
For instance, in August 2018, Valley Irrigation, a subsidiary of Valmont Industries, announced a new hybrid configuration of the machine's X-Tec mid-drive engine. The new structure makes the machine more efficient in speed, performance, and value.
The COVID-19 pandemic disrupted operations across all business sectors. Although the impact on the agriculture sector was minimal, the farm equipment market was highly impacted owing to the closure of manufacturing plants and restriction on logistics to curb the spread of COVID-19. In addition, banks and other financial institutes stopped lending money to the farmers. This impacted the adoption of costly inputs namely irrigation systems. Thus, the disruption in production and supply of farm equipment affected the mechanized irrigation system market growth.
The report will cover the following key insights:
The sprinkler irrigation segment is likely to exhibit appreciable growth over the estimated period. The cost-cutting benefits associated with mechanized irrigation systems such as fertigation and chemigation are driving the product demand primarily in developing countries. These products help improve agricultural machinery and give momentum to the global market.
The agricultural crop application segment is expected to hold the largest share over the study period. The growing food demand and increased focus by developed and emerging economies to minimize water usage boost the adoption of mechanized irrigation systems. The systems provide remote access, mobility, and ease of use. Installing these systems in larger agricultural lands would help improve profitability. Therefore, the demand for mechanized irrigation systems is high in the agriculture sector.
To gain extensive insights into the market, Request for Customization
North America is expected to witness appreciable growth throughout the projected period. The rise can be attributed to the escalating crop demand and increasing farmers' awareness of efficient irrigation systems. With the growing population and increasing food demand, the countries adopt modern technologies to reduce the usage of resources and increase production. The mechanized irrigation system is one of the most efficient irrigation methods that help to combat water scarcity and contribute to the increasing crop yield. Therefore, the demand for mechanized irrigation systems in North America is expected to register a substantial surge in the market.
The report will include the profiles of key players such as Nelson Irrigation Corporation, Lindsay Corporation, The Toro Company, Valmont Industries, Inc, Jain Irrigation Systems Ltd., Rivulis Irrigation Ltd., Rain Bird Corporation, and others.
By Type | By Application | By Geography |
|
|
|
US +1 833 909 2966 ( Toll Free )