Mechanized irrigation systems market to reach $4,840.80 million by 2019

According to the report "Mechanized Irrigation Systems Market - Global Trends & Forecast to 2019”, the mechanized irrigation systems market is projected to grow at a CAGR of 15.3% between 2014 and 2019, and is expected to reach $4,840.80 million by 2019.

The market was dominated by North America in 2013, which accounted for around 39% of the total mechanized irrigation systems market. The Asia-Pacific region is projected to be the fastest-growing market during the period considered for this study, due to the growing demand for food and increasing awareness about the benefits of mechanized irrigation systems here. In terms of applications, agricultural crops is projected to be the largest segment from 2014 to 2019.

The global market for mechanized irrigation systems has grown exponentially in the last few years. Water-scarce regions and agriculture-based countries are the primary targets of the industry. Increased crop yield and improved quality by using mechanized irrigation systems are driving the global mechanized irrigation systems market. The demand in developed nations is driven primarily by the newly developed technology profiles and the increasing convenience for farmers. The demand for mechanized irrigation systems is growing rapidly in the world’s most populous developing countries such as China and India. Extensive changes in climate have attracted the farmers of developing countries of the Asia-Pacific towards the use of mechanized irrigation systems.

The market is dominated by players such as Valmont Industries (U.S.) and Lindsay Corporation (U.S.). (The Netherlands). The other major players in the market are Rivulis Irrigation (Israel), The Toro Company (U.S.), Jain Irrigation Systems Limited (India), Nelson Irrigation Corporation (U.S.), Netafim Limited (Israel), Rain Bird Corporation (U.S.), T-L Irrigation Co. (U.S.), and EPC Industries Limited (India).