(EMAILWIRE.COM, May 18, 2018 ) Agriculture is one amongst the leading sectors that extremely impact the economic development of many developing countries. Lack of correct irrigation and therefore low agricultural production are a relentless threat to the economy of these countries. With the rise in water deficiency across the globe, Mechanized Irrigation Systems became essential to deliver water with minimum losses.

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The Global Mechanized Irrigation Systems Market was valued at $11.49 billion in 2016 and is approximated to be growing at a CAGR of 14.9%, to achieve $23.01 billion by 2021. The increasing international food demand is anticipated to drive the market growth.

Drivers and Restraints:

The rising need for water conservation, primarily in arid regions, is additionally hastening the demand for these systems. Small and mechanized agricultural systems facilitate in reducing water wastage, thanks to that the market is witnessing extraordinary demand among many nations. Small-scale farmers are stressing on implementing these systems so as to extend crop yields by utilizing minimum water.

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A number of the key factors driving this market are: higher returns on investment as compared to alternatives, potency in usage of water resources, particularly within the drought-prone areas, growing government support within the rising economies, and reach of latest technologies within the developing nations. Agricultural market cycles, round the world, have created growers and governments notice the importance of irrigation in increasing agricultural production and yields, and enhancing farmland values. This has led to the irrigation of hitherto unirrigated lands. The expansion of sprinkler irrigation systems may be as a result of these factors.

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Geographical Segmentation:

Based on Region, the world market is divided into North America, Asia-Pacific, Europe, Latin America, Middle East and Africa. North America is one of the foremost developed countries within the world dominates this market in terms of technology usage. Asia-Pacific is the quickest growing market as this region has India and China, two countries having the biggest agricultural land.

Some of the major players in the Mechanized Irrigation Systems market are Lindsay Corporation, Nelson Irrigation Corporation, Jain Irrigation Systems Limited, Driptech India Pvt. Ltd., Rain Bird Corporation, Premier Irrigation Adritec, Rivulis Irrigation, Netafim Limited, The Toro Company, T-L Irrigation, and Valmont Industries.

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