Agriculture plays a vital role in the world’s economy. It contributes 6.4 percent of the total world’s economic production. China and India account for 19.49 and 7.39 percent of total global agriculture output. More than 60% of the population depends on agriculture for survival. An increase in agriculture production rises the per capita income of the rural community, together with industrialization and urbanization and leads to increased demand in the industrial sector. For irrigation, agriculture depends heavily on rainfall which is uncertain due to changing climatic conditions, but with the advancement in technology drip and sprinkler irrigation systems came into existence. Sprinkler irrigation layout system is used for irrigating or watering crops and plants in a systematic and controlled manner, ensuring the rise of efficient water usage and reducing its wastage.
There are different types of sprinkler irrigation systems available for irrigation: center pivot irrigation system, lateral move irrigation system and solid set sprinkler system. The capital requirement in a lateral irrigation system is lower as compared to the center pivot irrigation system and it is more labor-intensive. This leads to an increase in employment but also increases the cost of production. Based on crop type, the market is segmented into cereals, oilseeds & pulses, fruits and vegetables among others. The cereals segment is dominating type global market as it is mainly cultivated in large fields. The oilseeds & pulses segment is also expected to grow significantly because oilseed crops are provided with the management option for irrigators seeking to reduce diversification, irrigation costs, and input costs. The sprinkler irrigation market is classified based on field size into small, medium and large sizes. Large fields segment is expected to dominate the market share during the forecast period. Sprinklers are used for spraying large amount of chemicals and fertilizers and they also reduce labor costs. Increase in public and private support for irrigation projects in developing countries is one of the major factors driving the market for large field segments.
In the present scenario, the sprinkler irrigation system market is showing an increasing trend across the globe. Increased population, demand for agriculture products, water crises, awareness among people to adopt water-saving techniques are some of the major factors expected to propel the market growth during the forecast period. Increased the use of pesticides and fertilizers which reduces the weed problem and less requirement of energy and labor in mechanized irrigation techniques are the factors responsible for the growth of the global sprinkler irrigation system market. Sprinkler irrigation systems increase overall crop production compared to the other systems such as drip irrigation, and manual irrigation. All these factors are expected to increase revenue from the sprinkler irrigation system market in the coming years. This creates a great opportunity for vendors to expand their horizons by product launch, company collaborations, investment in research and development and others. The prominent companies operating in the global sprinkler irrigation market are the Toro Company, Antelco, EPC Industries, and Jain Irrigation among others.
In the current scenario, the sprinkler irrigation system market is dominated by North America on account of multiple factors such as high-value crop cultivation, high-quality export of agriculture products, and technological advancement among others. Additionally, the rise in awareness about the water management concepts and the wide acceptance of irrigation systems are driving the market growth in the region. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period. Growing irrigation activities in China, India, Japan, and Taiwan among others is driving the market growth. Favorable government support and promotion for drip and sprinkler irrigation systems to design better agriculture production for developing countries are boosting the market growth.
Since the sprinkler irrigation system has gained popularity from the past decades and its market has attracted the attention of many business entrepreneurs to invest in it. However, there are certain challenges faced by this market. The maintenance cost of a sprinkler irrigation system differs from crops to crops. The high maintenance cost of a farmer’s choice crop may cause hindrance to the sprinkler irrigation systems market. Besides this, high investment is required for installation and maintenance of sprinkler irrigation components and equipment which may also pose a challenge to the market growth rate.