(Food-Beverage-News.Com, October 27, 2017 ) As per the report “Mechanized Irrigation Systems Market By Type (Center Pivot Irrigation Systems And Lateral Move Irrigation Systems) And By Application (Land Application Of Wastes, Nursery Crops, Agricultural Crop, And Lawns & Gardens) - Global Industry Analysis, Size, Share, Growth, Trends And Forecast (2016 – 2021)” published by Market Data Forecast, this Market was worth USD 11.49 billion in 2016 and estimated to be growing at a CAGR of 14.9%, to reach USD 23.01 billion by 2021.
Global Mechanized Irrigation Systems Market Segmentation: • By Type: Introduction, Center pivot irrigation systems and lateral move irrigation systems • By Application: Introduction, Land application of wastes, nursery crops, agricultural crops and Lawns & gardens • By Geography: North America, Europe, APAC, Latin America and Middle East & Africa
Key Findings of the study: • Global Mechanized Irrigation Systems Market will reach USD 23.01 billion by 2021 • Water scarcity has become a major problem for agricultural as the cost of irrigation is increasing. With the introduction of Mechanized Irrigation Systems in agriculture, cost of irrigation has been reduced followed by increase in productivity. • Rapid increase in population leads to the increase in food demand across the world. Governments are funding for the use of technology in agriculture to increase the productivity. All these factors are driving the Mechanized Irrigation Systems Market. The high initial investment required to setup these irrigation systems is restraining the market. • North America being one of the most developed countries in the world dominates this market in terms of technology usage. Asia-Pacific is the fastest growing market as this region has the top two countries having the largest 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.
About MarketDataForecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Media Contact: Abhishek Shukla International Business Development Manager Market Data Forecast Direct Line: +1-888-702-9626; Mobile: +91 998 555 0206 Mail: abhishek@marketdataforecast.com Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
