Product ID: SQSG20H2002
Global Sprinkler Irrigation System Market Size, Share, Growth Analysis, By Type(Center Pivot, Lateral Move), By Crop Type(Cereals, Oilseeds & Pulses), By Field Size(Small, Medium), By Mobility(Stationary, Towable) - Industry Forecast 2024-2031
Report ID:
SQSG20H2002 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
116 |
Figures:
77
Global Sprinkler Irrigation System Market Insights
Global Sprinkler Irrigation System Market size was valued at USD 2285.07 million in 2019 and is poised to grow from USD 2426.66 million in 2023 to USD 3884.01 million by 2031, growing at a CAGR of 6.05% in the forecast period (2024-2031).
The demand for greater agricultural output and quality, as well as growing worries about water shortages, are driving the global market for sprinkler irrigation systems. The availability of equipment for using sprinklers to spray fertilisers and pesticides, a drop in labour costs, and ease of operations support market expansion. Sprinklers are frequently installed by growers all over the world, especially in developed and growing markets like China and India, to cultivate a variety of fruits, vegetables, grain, oilseeds, and other crops.
The market for sprinkler irrigation systems is projected to increase as a result of farmers' increasing awareness of precision farming and acceptance of agriculture automation technologies and systems. Additionally, during the forecast period, the application of remote sensing and information technologies to assist sprinkler irrigation and reduce water losses at both the system and farm levels presents profitable potential for market participants.
However, due to the silt build-up, variables like sprinkler irrigation systems may instantly become clogged. This might slow down the growth in the upcoming years. A key worry is the large initial investment required for modern agricultural equipment as well as the high cost of installation and maintenance connected with different sprinkler systems. Additionally, one of the major factors impeding the expansion of the global sprinkler irrigation systems market is consumers' lack of knowledge about the many types of micro-irrigation systems available on the market for various agricultural applications.
US Sprinkler Irrigation System Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Sprinkler Irrigation System Market Report Snapshots
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