New Analysis from Global Industry Analysts Reveals Steady Growth for Mechanized Irrigation Systems, with the Market to Reach $28.1 Billion Worldwide by 2026

SAN FRANCISCO, Sept. 17, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Mechanized Irrigation Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 433
Companies: 14 - Players covered include Alkhorayef Group; Driptech India Pvt. Ltd.; Hunter Industries, Inc.; Jain Irrigation Systems Ltd.; Lindsay Corporation; Mahindra Agri Solutions Pvt. Ltd.; Nelson Irrigation Corporation; Netafim USA; North American Pipe Corporation; Pierce Corporation; Premier Irrigation Adritec Pvt., Ltd.; Rain Bird Corporation.; Rivulis Irrigation Ltd.; The Toro Company; T-L Irrigation Company; Valmont Industries, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Agriculture, Landscape, Greenhouse, Nursery, Other Applications); Crop Type (Plantation Crop Types, Orchard Crop Types, Field Crop Types, Forage & Turf Grasses, Other Crop Types); Product (Central Pivot, Lateral Move)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Mechanized Irrigation Systems Market to Reach $28.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Mechanized Irrigation Systems estimated at US$12.9 Billion in the year 2020, is projected to reach a revised size of US$28.1 Billion by 2026, growing at a CAGR of 13.6% over the analysis period. Central Pivot, one of the segments analyzed in the report, is projected to record a 13% CAGR and reach US$18.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lateral Move segment is readjusted to a revised 14.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4 Billion in 2021, While China is Forecast to Reach $6 Billion by 2026
The Mechanized Irrigation Systems market in the U.S. is estimated at US$4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$6 Billion by the year 2026 trailing a CAGR of 17.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 12% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.8% CAGR. More

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CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.

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