Mechanized Irrigation Systems Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2022 by Credence Research
According to a new market research report published by
Credence Research “Mechanized Irrigation Systems Market (Center
Pivot Irrigation Systems, Linear Move Irrigation Systems and Others (Travelling
Gun, Solid Sets and Side Roll) - Growth, Share, Opportunities, Competitive
Analysis and Forecast 2015 - 2022”, the global mechanized irrigation systems
market stood at US$ 1,653.7 Mn in 2014 and is estimated to expand with a CAGR
of 13.6% from 2015 to 2022.
The complete report is available at http://www.credenceresearch.com/report/mechanized-irrigation-systems-market
Market Insights
Mechanized irrigation systems are
equipment comprising various mechanical components such as trusses, spans,
towers, drivetrains and others. These irrigation systems offer high efficiency
and are useful majorly in larger landscapes. The market for mechanized
irrigation systems is highly driven by the rising adoption of automation and
mechanization in the agriculture sector. Another major factor boosting
mechanized irrigation systems market is superior advantages of these systems
over conventional irrigation methods. Additionally, mechanized irrigation
systems are convenient for use and help easily irrigate large agricultural
fields. Additionally, since the water is applied with better precision, using
these systems enhances the yields. However, the market is largely hampered due
to lack of awareness and relatively high initial costs of these systems.
The mechanized irrigation systems
market, as of 2014, is dominated by the center pivot systems segment. Center
pivot irrigation systems are easy for installation as well use. Thus, over the
period of time, these systems have become the most popular types of mechanized
irrigation systems. Due to their superior advantages over other mechanized
systems, the segment is expected to retain its dominant position throughout the
forecast period. Linear move irrigation too are expected to register strong
growth in the coming years. Nevertheless, the others segment is expected to
register the highest growth during the forecast period. The segment comprises
solid sets, side roll and travelling gun.
Competitive Insights:
The mechanized irrigation systems
market is consolidated in nature and is dominated by few major players.
Majority of the players are located in North America making the region highly
competitive and the largest market. North America and Europe are prime regions
with strong penetration of mechanized irrigation systems. Thus, most of the
players focus on providing enhanced products so as to gain competitive
advantage. Companies are now focusing towards providing cost-effective systems
in countries such as China, India, Brazil and others in order to expand their
geographical reach.
Key Trends:
·
Advancement in systems using sensors
and control systems
·
Strengthening global sales channel in
order to maintain and expand the sales
·
Focus on large untapped markets such
as China and India
·
Acquisition of regional players so as
to penetrate in the international markets
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Mechanized Irrigation Systems Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2022 by Credence Research
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