PUNE, MAHARASHTRA, INDIA, June 29, 2018 /EINPresswire.com/ — Mechanized Irrigation Systems Market was valued at US$ 2,884.5 Mn in 2017 and is expected to reach US$ 5,606.9 Mn amid the forecast time frame 2018-2026.
Mechanized Irrigation systems comprises of various irrigation techniques such as traveler spray booms, the center pivot, micro sprinklers, minisprinklers, bubbler irrigation of trees, drip irrigation, hose irrigation and many more. These methods are used to increase the productivity of the land in rainfall deprived areas, by establishing sufficient water supply so as to meet the requirements of the growing population. The former aspects that were used to increase agricultural productivity, such as arable land, fresh water and good soil are diminishing due to the changing climatic conditions, increasing population and artificial fertilizer usage. Rising water scarcity issues has propelled the need of shifting towards advanced and automated irrigation systems. Irrigation mechanization focuses on to enhance water-efficient practices by using better technological systems, thus improving the economic viability and environmental sustainability of irrigated agriculture.
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The market research report helps analyze the Mechanized Irrigation systems market on a global basis and also offers forecast and statistics in terms of revenue for the anticipated forecast period. This research study offers a detailed overview of the market dynamics that are expected to affect the overall industry in the coming few years. In addition, the study explains the impact of the key factors on the development and growth of the global Mechanized Irrigation systems market through the forecast period. Promising opportunities in the global Mechanized Irrigation systems market have also been mentioned in the study.
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Top Key Players: Alkhorayef group, Driptech Inc., HUNTER INDUSTRIES, Jain Irrigation Systems Ltd, Lindsay Corporation, North American Pipe Corporation, Netafim USA, NELSON IRRIGATION, Premier Irrigation Adritec, Pierce Corporation, Rain Bird Corporation, Rivulis, Samriddhi (Mahindra company), The Toro Company, T-L Irrigation Co and Valmont Industries, Inc. amongst others.
The report also implements primary and secondary research techniques for gathering the most crucial pieces of professional information, and applies a number of industry-best techniques upon the data for projecting the future state of the global Mechanized Irrigation systems market. Based on current market development, the report includes an analysis of how activities such as mergers and shapes the market’s future.
Growing population, unfavorable climatic conditions and depletion of fresh water availability are driving the need for mechanized irrigation systems. Penetration of advanced technologies, high yield of crops, efficient usage of water, and improved income of farmers are impelling the growth of this market. The use of advanced technologies in modern day irrigation systems has led to higher yield of crops and conserved usage of water. High installation and maintenance costs can hinder the market growth. Unfavorable climatic conditions, growing population and the need for increasing the food productivity is expected to propel the growth of mechanized irrigation systems market in future.
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Central Pivot Anticipated to be the Dominant Segment During the Forecast Period
Among the type, central pivot is a dominant segment holding the largest market share. Measured usage of water application avoids puddling and runoffs, resulting into sustainable usage of water. It has helped hedge against the adverse weather conditions such as dry years, spotty or sporadic moisture patterns and lack of early moisture. All these factors have assisted in minimizing yield loss due to crop water stress, and is promoting good management practices. Hence the adoption of central pivot irrigation product in agriculture segment is generating the largest market share.
Asia Pacific is Anticipated to Hold a Significant Share in the Global Market.
Asia Pacific is the largest market share holder for mechanized irrigation systems market. With a concentration of nearly 60% of the world’s population and over 60% of the world’s irrigated land, the region is more densely populated and intensively cultivated than any other region. However, due to large population, this region faces lowest water availability per capita. This has propelled the need for adoption of mechanized irrigation systems and its growing demand has fueled Asia Pacific to generate highest CAGR.
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Source: EIN Presswire