Global Mechanized Irrigation Systems Market
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Global Mechanized Irrigation Systems Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of around XX % during a forecast period.
Factors that drive global mechanized irrigation systems market are higher returns on investment in comparison to alternatives, efficiency in usage of water resources, particularly in the drought-prone areas, rising government support in the developing economies, and outreach of new technologies in the emerging nations. Apart from this, high initial investment and reliable requirement of maintenance are two important restraints faced by global mechanized irrigation systems market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
According to the application, the report categorizes the global mechanized irrigation systems market into the land application of wastes, agricultural crops, lawns and gardens, and nursery crops. In 2015, agricultural crops category accounted for around XX % of the demand, gaining traction from rising food demand and augmented focus by developed and developing economies to a minimum usage of water.
Geographically, North America is expected to boost the demand for mechanized irrigation system throughout forecast period. While in United States, around 470,000 acres of farmland was unirrigated because of surface and groundwater shortages, climatic changes, and drought condition.
Asia Pacific is anticipated to hold substantial market share in global mechanized irrigation systems market on account of government initiatives and increasing adoption of drip and sprinkler irrigation by small and large farmers.
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Last Update : Aug 20, 2020
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