Transparency Market Research (TMR) witnesses that the global mechanized irrigation systems market has a highly fragmented vendor landscape. Presence of a large number of players is increasing the level of fragmentation in the market. Lindsay Corporation, Hunter Industries, Jain Irrigation Systems Limited, Driptech India Pvt. Ltd and EPC Industries Limited are some of the prominent players in the global mechanized irrigation systems market. Additionally, new entrants in the market through new product launches, mergers, and collaborations are making the market competitive.
According to TMR, the global mechanized irrigation systems market is projected to grab the revenue of US$35.0 bn in terms of revenue by 2024. The market is expected to swell with a CAGR of 14.9% over the forecast period from 2016 to 2024.
Based on the type, the center pivot irrigation systems segment led the market and is expected to continue its dominance in the market in the coming years. Based on the region, the market in North America accounted for a lion’s share and is expected to remain dominant in the market in years to come. This growth is attributable to high adoption of the newer technologies in the region for reducing overall cost and increasing profit margin in the region.
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Need for Reducing Overall Costs of Agriculture Boosts Market Growth
The need to revise uneconomical irrigation systems and low agricultural creation to improve crop efficiency has been forecasted to be one of the vital variables upgrading the mechanized irrigation systems market. Horticulture could assume a huge job in decidedly affecting the financial advancement of a country. Various mechanized irrigation systems are utilized in agribusiness for applications such as watering crops. Effect sprinklers, parallel move systems, moving water spouts, focal rotate systems, and sprinklers are a portion of the basic watering systems occupied with horticultural exercises. High adoption of these systems is driving growth of the global mechanized irrigation systems market.
The interest in mechanized irrigation systems has been anticipated to pick up force as a result of the reduction in asset costs. Accordingly, mechanized irrigation systems could be exceptionally embraced for a scope of utilization including estate and development, other than farming. Minimal effort of irrigation pursued by improved profitability, government speculations and advancements, and rising mindfulness about the advantages of utilizing mechanized irrigation systems in cultivating could be among solid development components of the market.
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High Cost of Installation Restrains Growth of the Market
The steady requirement for hardware support and costly introductory speculation are restraining growth of the global mechanized irrigation systems market. In spite of the fact that these controlling components have been relied upon to hamper the interest for mechanized irrigation systems, there could be different elements making hearty development openings in the coming years.
Water and sustenance shortage and forceful populace development could reinforce the development of the global mechanized irrigation systems market. High spotlight on least wastage and effective utilization of water and water assets in created economies have been anticipated to set the tone for a profitable development of the market. The interest for mechanized irrigation systems could be expanded in light of a few prospects presented with the reusing of the natural issue and expanding use of wastewater medicines. In addition, so as to decrease work costs, mechanized irrigation systems are utilized to water most gardens, yards, and nursery crops.
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This information is encompassed in the report by TMR, titled, “Mechanized Irrigation Systems Market (Type - Center Pivot Irrigation Systems and Lateral Move Irrigation Systems; Application - Land Application of Wastes, Nursery Crops, Agricultural Crop, and Lawns & Gardens) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
Industrial Forecast on Mechanized Irrigation Systems Market: The report comprises of a comprehensive analysis of the Mechanized Irrigation Systems Market on a Global and Regional basis.
Global Mechanized Irrigation Systems Market is expected to register a strong CAGR in the Forecast Period 2021 to 2029.
In addition, this report consists of an in-depth study of potential opportunities available in the market on a global level.The Global Mechanized Irrigation Systems market report provides a holistic view of the global market, which includes significant insights for business strategies.
It includes a brief summary of the market, including the latest trends, market size and share, growth rate, revenue generation information, overall demand analysis, and forecasts.
Furthermore, a detailed description of the strategic developments and segment analysis has been provided by the research analysts.
The report determines the aggregate share market share held by the key industry participants and provides a profound view of the competitive landscape.Here, You can avail sample PDF pages and 30 mins free consultation!
The global micro & mechanized irrigation systems market is predicted to value USD 33.4 billion by 2025, as per a new report published by Million Insights.
Reduction in the costs of these systems is anticipated to surge the market growth from 2016 to 2025.The cost-saving advantages relating to micro & mechanized irrigation systems, like fertigation, and chemigation, enhance the demand for products, mainly in developing countries.
These products serve the emergence of enhanced farming mechanisms and are providing momentum to the global market.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/global-micro-mechanized-irrigation-systems-market/request-sample Market Synopsis of Micro & Mechanized Irrigation Systems Market: The rising trend of sustainable techniques for cultivation is leading to the enforcement of these systems like sprinklers and drips.
Moreover, technological advancements have allowed micro irrigation systems to be monitored via connected devices like tablets and mobile phones.
Installation of these systems over larger lands results in higher profitability.
The latest trending report Global Mechanized Irrigation Systems Market 2020 by Manufacturers Regions Type and Application Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Mechanized Irrigation Systems market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Mechanized Irrigation Systems industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Mechanized Irrigation Systems and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/29910-mechanized-irrigation-systems-market-analysis-reportThe major players covered in Mechanized Irrigation Systems are:Valmont IndustriesRain Bird CorporationThe Toro CompanyLindsay CorporationNetafimRivulis IrrigationEPC IndustriesNelson Irrigation CorporationJain Irrigation SystemsT-L IrrigationAlkhorayef GroupBauer GmbHReinke Manufacturing CompanyRainfine (Dalian) Irrigation CompanyBy Type, Mechanized Irrigation Systems market has been segmented intoCenter PivotLateral MoveSolid SetOthersBy Application, Mechanized Irrigation Systems has been segmented into:Agricultural CropsNursery CropsLawns & GardensOthersThe report offers in-depth assessment of the growth and other aspects of the Mechanized Irrigation Systems market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Mechanized Irrigation Systems Market @ https://www.decisiondatabases.com/contact/download-sample-29910The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Mechanized Irrigation Systems product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Mechanized Irrigation Systems, with price, sales, revenue and global market share of Mechanized Irrigation Systems in 2018 and 2019.Chapter 3, the Mechanized Irrigation Systems competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Mechanized Irrigation Systems breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Mechanized Irrigation Systems market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Mechanized Irrigation Systems sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Mechanized Irrigation Systems Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-29910Other Reports by DecisionDatabases.com:Global Greenhouse Irrigation System Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Smart Sprinkler Irrigation Systems Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Irrigation Valves Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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