The resurgence in agricultural activities is increasing the need to ensure an appropriate level of irrigation to the lands. Reports that review the agriculture industry have been offered by Market Research Future, which generates reports on industry verticals that evaluate the market development and opportunities. The market focuses on achieving growth at a soaring CAGR in the forecast period.
The escalated population growth observed globally is increasingly motivating the development of the mechanized irrigation market. The increasing food scarcity is anticipated to further fuel the development of the mechanized irrigation market. Moreover, the need to conserve water resources while ensuring adequate supply to agricultural lands is expected to encourage the growth of the market for mechanized irrigation.
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The competition in the market is conducive to the overall growth of the market. The new players in the market are motivated by the presence of conducive factors prevailing in the market. The allocation of assets is being done cautiously so as to ensure improved growth opportunities. The pricing of goods in the market is done in a manner that ensures advantages to individuals and competitors. The industry cost make-up is also likely to modify with time. The forces that are having a considerable pull in the market’s development are dynamically changing, leading to the creation of novel opportunities. The stronger influence of buyer purchasing behavior is dictating the expansion of the market to a great extent. The role of the government in the market is substantially motivating the market. Also, the development of technology also has increased momentum, guiding to improved market growth.
The distinguished companies in the Mechanized Irrigation Market :
- comprise of Driptech India
- Rivulis Irrigation
- Premier Irrigation Adritec
- Netafim Limited
- Lindsay Corporation
- Jain Irrigation Systems
- EPC Industries
- Rain Bird Corporation
- Nelson Irrigation
- T-L Irrigation, and others.
Feb 2019 Valmont Industries, Inc., a foremost international supplier of engineered products and services for mechanized irrigation equipment for agriculture and Prospera Technologies Inc., a foremost Israeli machine vision and artificial intelligence (AI) company concentrating in ag data, have announced their international partnership. The partnership sets the path to provide cultivators with independent crop management solutions producing greater returns while needing fewer production inputs and resources.
The segmentation of the Mechanized Irrigation Market is carried out on the basis of equipment type, region, and application. Based on the equipment type, the mechanized irrigation market is segmented into lateral move, center pivot, and others which include solid set among others. The segmentation of the mechanized irrigation market includes applications such as nursery, agricultural land, gardens and others including lawns, etc. On the basis of region, the mechanized irrigation market is segmented into the Middle East, Europe, Asia Pacific, North America, Latin America, and Africa.
Detailed Regional Analysis:
The regional assessment of the mechanized irrigation market covers regions across the Middle East, Europe, Asia Pacific, North America, Latin America, and Africa. As per the observation, the North American and European have a healthy economy which backs the development of the mechanized irrigation globally. These regions provide finance heavily towards the modernization of the agricultural sector and organize the advanced tools and techniques to create a higher yield. The other factors manipulating the development of the North American and European region market are the elevated income of farmers, massive stretches of agricultural land, and the accessibility to funds for investment in the agricultural sector. The Asia Pacific and Latin American regions are lucrative markets for the development of the mechanized irrigation market. The incidence of agriculture dominated economies in these regions who perform farming on a huge scale together with promising government policies aid the growth of the mechanized irrigation market.
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