Key players are Toro Company (U.S.), Jain Irrigation Systems Limited (India), Nelson Irrigation Corporation (U.S.), Netafim Limited (Israel), Rain Bird Corporation (U.S.),
(PRWEB) April 07, 2015
According to the report by MarketsandMarkets the global Mechanized Irrigation Systems Market is expected to grow at a healthy CAGR by 2019. The report also projects the growth trends and revenue forecasts for the market over the next few years and defines the driving and restraining factors for the key industry players. It segments the global industry on the basis of the major geographic regions and key countries in the market.
Explore Mechanized Irrigation Systems Market through in-depth TOC & data tables and figures spread across 198 report pages.
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According to the report the global mechanized irrigation systems market is expected to grow at a healthy CAGR of 15.3% from 2014 to reach $4,840.80 million by 2019. It expects the factors like rising food demand and population explosion to be the major driving factors for this market. Growth in the use of technology and rising awareness towards sustainable agriculture are also expected to create potential growth opportunities for this market. According to the report, the unprecedented growth in this market is mainly driven by growing concerns over water scarcity. Optimization of resources and yield are also expected to play a crucial role in the development of this market.
According to the report the regions like Asia Pacific and North America are expected to provide potential growth prospects for the mechanized irrigation systems market. Growing awareness about these systems among the farmers is expected to be a vital driving factor for the market on global scale.
According to MarketsandMarkets growing demand to reduce resource costs and adoption of advanced technologies are expected to provide growth opportunities for this market. Emerging markets like India and China are projected to create business opportunities for this market. According to the report, rising governmental support and advancing technologies are also expected to drive the mechanized irrigation systems market over the next few years. High population density and rising food demand across the emerging markets are projected to increase the demand in this industry.
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According to the report, the mechanized irrigation systems market players are relying on business agreements and acquisitions for business expansion. Strong competition in the industry is also expected to drive the industry players towards innovation and research and development activities.
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