Mechanized Irrigation Systems Market 1

Mechanized Irrigation Systems Market is expected to garner a revenue of
USD 11 billion by 2024
Mechanized Irrigation Systems Market
Research Report - Global Forecast till 2024
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Mechanized Irrigation Systems Market is expected to garner a revenue of
USD 11 billion by 2024
Market Overview
The global mechanized irrigation market has been witnessing an upswing over the
recent past and is expected to reach a significant valuation over the forecast period
of 2015-2027, reveals Market Research Future (MRFR) in an exhaustive study.
Mechanized irrigation has been gaining widespread adoption, especially in economies
where agriculture sector impacts the economic development. Low agricultural yield
can severely impact the bottom line of various economies and stagger economic
growth, owing to which Mechanized Irrigation System Market Manufacturers
is gaining traction. The scarcity of water is a significant factor influencing the market
growth positively.
Sprinklers and other mechanized irrigation systems help reduce water usage and
energy costs in water-scarce regions and agriculture-based countries. Use of smart
mechanized irrigation systems results in increased crop yield and improved crop
quality which is boosting the growth of the market. Global climate change and
adverse climatic conditions have encouraged farmers across the globe to adopt
mechanized irrigation system which is driving the growth of the global mechanized
irrigation market. Developing countries are the frontrunners in the adoption of
mechanized irrigation. Moreover, the government in various countries have
endeavored towards modernization of the agricultural sector in the form of aids in
upgradation of irrigation equipment which is further accelerating the growth of the
global mechanized irrigation market. Other driving factors include high cost-benefit,
booming population and increasing global food demand. Conversely, the growth of
the mechanized irrigation market is deterred by higher costs of installation and issues
of daily maintenance.
Segmentation
The global mechanized irrigation market has been segmented based on equipment
types and application. By equipment types, the market has been segmented into
Center Pivot, Lateral Move, and Others. By application, the market has been
segmented into Agricultural Land, Nursery, Gardens and Others.
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Mechanized Irrigation Systems Market is expected to garner a revenue of
USD 11 billion by 2024
Regional Analysis
The global mechanized irrigation market spans across the regions of North America,
Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America and
Europe have a robust economy which supports the growth of the global mechanized
irrigation. These regions invest heavily on the modernization of the agricultural sector
and deploy advanced tools and techniques to produce a higher yield. Other factors
influencing the growth of North America and Europe market is high income of
farmers, vast stretches of agricultural land and the availability of funds for
investment in the agricultural sector. Asia Pacific and Latin America are lucrative
markets for the growth of the global mechanized irrigation market. The presence of
agriculture-dominated economies in these regions who practice farming on a large
scale coupled with favorable government policies aid the expansion of the
mechanized irrigation market.
Competitive Landscape
The notable players in the global mechanized irrigation market include Lindsay
Corporation, Driptech India, Rivulis Irrigation, Premier Irrigation Adritec, Netafim
Limited, Jain Irrigation Systems, Nelson Irrigation, EPC Industries, Rain Bird
Corporation, T-L Irrigation, and others.
Industry Updates
In September 2018, a seminar was conducted by the Department of Agriculture
Regional Office 4A and the Philippine Center to help farmers switch to a mechanized
way of farming. The workshop taught safety measures in farm operations,
mechanized irrigation and the use of advanced farm tools and equipment.
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Mechanized Irrigation Systems Market is expected to garner a revenue of
USD 11 billion by 2024
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