Showing posts with label Global Mechanized Irrigation Systems Industry: Ken Research. Show all posts
Showing posts with label Global Mechanized Irrigation Systems Industry: Ken Research. Show all posts

Friday, January 31, 2020

Rise in Adoption of Automated Irrigation Systems Expected to Drive Global Mechanized Irrigation Systems Market: Ken Research

Mechanized irrigation system is a system for crop irrigation that encompasses an aid of machinery, engineered to pump a specific volume of water, with the ability to control & monitor the water resource, resulting in water & energy savings. It is also known as sprinkler irrigation system. It comprises various mechanical components for instance trusses, drivetrains, spans, towers, and others. The systems offer high efficiency and are useful majorly in wide landscapes.
The key benefits are included timely application, better nutrient management, regular & exact chemical or fertilizer treatments, and higher crop yield.
According to study, “Global Mechanized Irrigation Systems Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” the key companies operating in the global mechanized irrigation systems market are The Toro Company, Nelson Irrigation Corporation, Rain Bird Corporation, Valmont Industries, EPC Industries Ltd., Lindsay Corporation, Reinke Manufacturing Company, Rivulis Irrigation, Jain Irrigation Systems, Alkhorayef Group, Netafim, Rainfine (Dalian) Irrigation Company, T-L Irrigation, Bauer GmbH. Key players focus on providing superior products so as to gain competitive advantage. Players are now focusing towards offering cost-effective systems in countries such as India, Brazil, China, and others in order to expand their geographical reach.
Based on product type, mechanized irrigation systems market is segmented into sprinkler irrigation system, central pivot irrigation system, drip irrigation system, lateral move irrigation system, and others. The central pivot irrigation segment is likely to exhibit substantial growth as it is widely used in crops like wheat and corn which are one of the largest producing crops during the forecast period. Based on field size, market is segmented into small, medium and large. Based on crop type, market is segmented into plantation crop types, field crop types, orchard crop types and forage & turf grasses. Based on mobility, market is segmented into towable and stationary. In addition, based on application, market is segmented into agriculture, greenhouse, landscape, and nursery.
The mechanized irrigation systems market is driven by growth in wastewater treatments & organic matter recycling, followed by rise in adoption of automated irrigation systems, higher returns on investment in comparison to alternatives, increase in penetration of advanced technologies, rise in government support in the developing economies, growth in population & improved income of farmers, high yield of crops, rise in area of cultivation and increase in water scarcity concern. However, high initial setup cost and growth in capital investment for equipment & installation of system may impact the market. Moreover, growth in trend of sustainable irrigation is a key opportunity for market.
Based on geography, the European and North-American regions dominate the mechanized irrigation systems market owing to cultivation of crops on large land area and high adoption rate of advanced agricultural technologies to upsurge crop productivity & enhance yield quality in the regions. Whereas, the Asian-Pacific region is anticipated to witness higher growth rate due to rise in awareness among farmers regarding the benefits of using mechanized irrigation systems over the forecast period. In upcoming years, it is estimated that future of the market will be optimistic on account of unfavorable climatic conditions and rise in adoption of automation & mechanization in the agriculture sector during the forecast period.
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