Mechanized Irrigation Systems Market Share Analysis by Company Revenue and Forecast 2030

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The global mechanized irrigation systems market by type, crop type, and region is anticipated to generate revenues of USD 11 billion by 2027, with a CAGR of almost 8% throughout the projected period.

Mechanized Irrigation Systems Market Overview

The global mechanized irrigation systems market is expected to exhibit a strong 16.7 % CAGR over the forecast period from 2022 to 2030 and reach a value of USD 31,668.02 million by 2030, according to the latest research report from Market Research Future (MRFR). The report presents a detailed analysis of the global mechanized irrigation systems market by providing readers with a comprehensive overview of the market’s historical trajectory. The leading drivers and restraints affecting the global mechanized irrigation systems market are assessed in detail in the report. The historical impact of these drivers and restraints is analyzed in context of the current impact of these factors and projections are made for the likely impact of these drivers and restraints over the forecast period. Various components of the global mechanized irrigation systems market are also studied in the report and projections are made for the growth trajectory of each distinct component. The various segments and sub-segments within the global mechanized irrigation systems market are studied in detail in the report. The study also makes a detailed analysis of the major players operating in the global mechanized irrigation systems market and provides a detailed look at the various competitive strategies employed by players in the global mechanized irrigation systems market. Likely future conditions with respect to the competitive landscape of the market are also explained in detail in the report.

Mechanized irrigation systems are widely used in affluent regions to provide water to large areas of plantations. Mechanized irrigation systems use machines in place of human labor to supply water to the whole area under cultivation. It can take the form of drip irrigation, wherein small holes are made in the piping in order to deliver water close to the roots of the plants, or sprinkler irrigation systems, wherein a network of sprinklers covers a large area of land, spraying the whole area with water. Mechanized irrigation systems are mainly a hallmark of the agriculture sector in regions where individual farmers own large tracts of land and thus can’t afford the physical labor to manually irrigate each crop. Thus, mechanized irrigation systems are mainly seen in North America and Europe. However, the growing land area under cultivation in emerging regions such as Asia Pacific, Latin America, and Africa is likely to lead to growing utilization of mechanized irrigation systems in these regions over the forecast period. Growing awareness and increasing affluence of farmers in these regions are also likely to remain key drivers for the mechanized irrigation systems market over the forecast period.

Competitive Analysis:

Leading players in the global mechanized irrigation systems market include Valmont Industries Inc., The Toro Company, Hunter Industries (Senninger Irrigation), Alkhorayef Group, T-L Irrigation Co., Mexichem SAB de CV, Rain Bird Corporation, Premier Irrigation Adritec, Mahindra Mahindra Ltd., Rivulis, Jain Irrigation Systems Ltd., Nelson Irrigation, and Lindsay Corporation.

Segmentation:

The global mechanized irrigation systems market research report has been segmented based on type, crop type, and region.

By type, the global mechanized irrigation systems market has been classified into drip irrigation systems, sprinkler irrigation systems, and others.

By crop type, the global market for mechanized irrigation systems has been classified as cereals and grains, pulses and oilseeds, fruits and vegetables, and others. Over the forecast period, the growing demand for cereals and grains around the world is likely to lead the segment to the top position in the global mechanized irrigation systems market.

Regional Analysis:

The regions included in the geographical study of the worldwide mechanized irrigation market are Europe, Latin America, North America, Asia Pacific, the Middle East, Asia, and Africa.

North America currently dominates the global mechanized irrigation systems market share and is expected to be the global leader over the forecast period, owing to the huge farm sizes in that region. Larger farms require mechanized irrigation systems, as the physical effort to manually irrigate the crops can be too much for the farmer to handle. This, allied with the affluence of American farmers, has led to a growing demand from the North American market for mechanised irrigation systems. However, the growing agriculture sector in Asia Pacific is expected to make the region the fastest growing regional market over the forecast period.

In Europe and North America, a robust economy can support the growth of the mechanized irrigation system market in the region.

Latin America and Asia Pacific are lucrative and hold high growth potential for the mechanized irrigation systems market. The existence of agriculture-dominated economies in APAC regions that practise large-scale farming, coupled with the presence of favourable government policies, can contribute to the expansion of the regional mechanized irrigation market.

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