HOME Research Insight New Product & Technology Launches Formed the Key Strategy Adopted by Industry Players in Order to Achieve Growth in the Sprinkler Irrigation Systems Market

New Product & Technology Launches Formed the Key Strategy Adopted by Industry Players in Order to Achieve Growth in the Sprinkler Irrigation Systems Market

The global sprinkler irrigation systems market has been segmented on the basis of type, crop type, field size, mobility, and region. Sprinkler irrigation systems, are also referred to as mechanized irrigation systems since these systems have been automated for facilitating irrigation activities. This market is projected to grow at a CAGR of 14.97% for the period, 2017, to reach USD 4.27 Billion by 2022. The shift from flood irrigation to the water-conserving sprinkler irrigation, higher yield requirement from scarce land & water resources, and the increase in concerns regarding global food security and fresh water shortage are the main factors driving the growth of this market.

Key players identified in the market for sprinkler irrigation systems include Lindsay Corporation (U.S.), Valmont Industries, Inc. (U.S.), Reinke Manufacturing Company, Inc. (U.S.), Nelson Irrigation Corporation (U.S.), T-L Irrigation Company (U.S.), Jain Irrigation Systems Ltd. (India), Pierce Corporation (U.S.), Alkhorayef Group (Saudi Arabia), Hunter Industries (U.S.), and Rain Bird Corporation (U.S.).

New product & technology launches formed the key strategy adopted by industry players in order to achieve growth in the sprinkler irrigation systems market. The increasing focus on the needs of the growers and rivalry in the market through product differentiation and customization have encouraged companies to adopt these strategies. Innovations were observed in the segment of control panels, sprinklers, nozzles, tires, pipes, and other components for increasing efficiency and offering greater flexibility to the growers. Lindsay Corporation (U.S.), Valmont Industries, Inc. (U.S.), Nelson Irrigation Corporation (U.S.), T-L Irrigation Company (U.S.), and Reinke Manufacturing Company, Inc. (U.S.) are some of the leading players that adopted these strategies. Through acquisitions, key companies are aiming at technological leadership in the field of water management and remote monitoring technology for agriculture. Valmont Industries, Inc. (U.S.), Hunter Industries (U.S.), and Jain Irrigation Systems Ltd. (India) are some leading manufacturers that adopted this strategy.

Valmont Industries, Inc.

Valmont Industries, Inc. (U.S.) is a major player in the field of sprinkler irrigation systems. The company has a consumer-centric approach, and through new product launches, it has been making valuable contributions toward the modernization of irrigation. It is strategically acquiring companies in the same industry so as to stay ahead of its competitors; for instance, Valmont acquired AgSense (U.S.) in 2014, which would aid in expanding its offerings in remote monitoring and control technologies for agriculture.

Lindsay Corporation
Lindsay Corporation (U.S.) is among the global leaders in the research, development, engineering, and manufacturing of self-propelled automated center pivot and lateral move irrigation systems. Through new product launches, the company has made irrigation more flexible by introducing advanced technologies for the farmers.  It also undertook acquisitions, agreements, and expansions to strengthen its product portfolio and improve its expertise in the field of irrigation system engineering. It acquired SPF Water Engineering (U.S.) in 2015, and is expected to benefit from SPF’s expertise, mainly in irrigation systems engineering and water supply studies.

Related Reports:

Sprinkler Irrigation Systems Market by Type (Center Pivot, Lateral Move, Solid Set), Crop Type (Cereals, Oilseeds & Pulses, Fruits & Vegetables), Field Size (Small, Medium, Large), Mobility (Stationary, Towable), and Region - Global Forecast to 2022

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