PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1476426
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1476426
According to Stratistics MRC, the Global Sprinkler Irrigation Systems Market is accounted for $3.8 billion in 2023 and is expected to reach $5.5 billion by 2030 growing at a CAGR of 5.6% during the forecast period. Sprinkler irrigation systems deliver water to crops in controlled bursts, mimicking natural rainfall. Comprising pipes, pumps, and sprinkler heads, these systems efficiently distribute water over fields, promoting crop growth while minimizing water waste. They can be stationary or mobile, tailored to various crops and terrains. Advanced models incorporate sensors and automation, optimizing water usage based on soil moisture and weather conditions. This technology enhances crop yields, conserves water resources, and reduces labor costs compared to traditional methods.
According to the United States Geological Survey, in 2015, around 55% (34,700 thousand acres) of irrigated land in the U.S. was equipped with these systems.
Growing concern about water scarcity
With the growing world population and briskly exhausting water resources, the globe is nearing a crisis-like situation. As the utilization of water in the agriculture sector is considerably high, this sector is focused on adopting sustainable agricultural equipment and practices such as sprinkler irrigation. This, in turn is projected to boost the market. Growers across the globe, especially across developed and developing economies such as China and India, are increasingly installing sprinklers to grow a range of cereal, oilseeds, fruits, vegetables, and other crops promote the sprinkler irrigation market growth.
High initial investment
The upfront costs for purchasing equipment, installation, and infrastructure can be prohibitive, limiting access to modern irrigation technologies. This disparity exacerbates inequalities in agricultural productivity and exacerbates water scarcity issues in areas where efficient water management is crucial. Additionally, financing options and government subsidies may not always be readily available or accessible which hinder the market growth.
Increasing awareness among farmers
Educated about the benefits of these systems, farmers recognize their potential to enhance crop yields, conserve water, and reduce labour costs. This heightened awareness drives demand as farmers seek to modernize their irrigation practices and improve overall efficiency. Additionally, as environmental concerns grow, farmers increasingly embrace sustainable farming methods, further fuelling the adoption of sprinkler systems.
Energy considerations
The operation of sprinkler irrigation systems often requires significant energy inputs, primarily for pumping water through the distribution network. This reliance on energy sources, such as electricity or fuel, can lead to high operational costs for farmers, especially in regions with expensive or unreliable energy supplies. Additionally, the carbon footprint associated with energy-intensive irrigation practices contributes to environmental concerns, exacerbating sustainability challenges hampering the market.
Covid-19 Impact
While initial disruptions in supply chains and construction activities slowed down installations, the agricultural sector's resilience and essential nature led to sustained demand. The focus on food security and the adoption of efficient irrigation technologies to optimize water usage further buoyed the market. However, economic uncertainties and shifting priorities affected investment decisions, particularly in some regions. Overall, the market witnessed fluctuations in demand and supply dynamics, with long-term growth prospects driven by technological advancements and increasing awareness of sustainable agricultural practices amidst the pandemic's challenges.
The center pivot irrigation systems segment is expected to be the largest during the forecast period
The center pivot irrigation systems segment is estimated to have a lucrative growth, asThese systems are known to offer high uniformity of water applied in fields, hence their adoption is high among growers worldwide. The high compatibility of center pivot systems to crops ranging from cereals, vegetables to orchard crops, coupled with their low annual operating costs are some of the major driving factors responsible for the growth of this segment. In the future years, the lateral move this type of irrigation systems are expected to grow at a rapid pace attributed to their self-moving, flexibility, and ability to run on electric motors properties.
The field crops segment is expected to have the highest CAGR during the forecast period
The field crops segment is anticipated to witness the highest CAGR growth during the forecast period, field crops such as wheat, maize, barley, soybean, rice, and others are consumed as staples in many parts of the world and hence their demand is high. Most of the aforementioned crop varieties are water-intensive, where water is required in large amounts for their proper growth. The sprinkler irrigation systems can be effectively utilized to grow these crops without exhausting much of water resources.
Asia Pacific is projected to hold the largest market share during the forecast period owing to the fact that agriculture is one of the most significant revenue-generating sectors in large economies such as China and India. The robustly growing population within the region is urging growers to adopt advanced irrigation systems such as sprinkler systems, for growing a large amount of crop without wasting water resources. Moreover, high government support to adopt these irrigation systems and the presence of market players such as Jain Irrigation Systems across the region is projected to aid in the expansion of the sprinkler irrigation market in the coming years.
North America is projected to have the highest CAGR over the forecast period, owing to advancement in precision irrigation techniques and their increasing adoption by countries such as Canada, where water scarcity is emerging as a major issue for crop production, is anticipated to support the growth of these irrigation practices in the upcoming years. Moreover, the presence of prominent players in the region such as Lindsay Corporation, Reinke Manufacturing, Valmont Industries, and others is influencing the market positively across this region.
Key players in the market
Some of the key players in the Sprinkler Irrigation Systems Market include Alkhorayef Group, Antelco Pty Ltd., Elgo Irrigation Ltd, Hunter Industries, HydroPoint Data Systems Inc. , Irritec S.p.A, Jain Irrigation Systems Ltd., Lindsay Corporation, Mahindra EPC Ltd., Nelson Irrigation Corporation, Netafim Limited, Pierce Corporation, Rain Bird Corporation, Reinke Manufacturing Co., Inc. Rivulis Irrigation Ltd, The Toro Company , T-L Irrigation and Valmont Industries
In January 2024, Netafim is featured in Sustainable Brands: Helping Build Resilience in Rice Production. Netafim, Orbia Precision Agriculture Group, and Regrow, a leading agricultural MRV provider are now approaching the final stages of a pilot that generates carbon credits for farmers through the adoption of drip-irrigation methods.
In August 2023, Orbia's precision agriculture business netafim announces a strategic collaboration with E20 investment to foster advanced agriculture in the united arab emirates and globally.
In August 2023, Rain Bird Introduces New 11000 Series Rotor with 105-foot (32-m) Throw Radius for Sports Turf Applications, the 11000 Series Rotors also have an exposed diameter of just 2.7 inches (6.9 cm), making it far less likely to affect athletes when they are practicing or competing on the field.