Global Sprinkler Irrigation Systems Market to Reach $2.8 Billion by 2030
The global market for Sprinkler Irrigation Systems estimated at US$2.5 Billion in the year 2023, is expected to reach US$2.8 Billion by 2030, growing at a CAGR of 1.6% over the analysis period 2023-2030. Center Pivot Sprinkler Irrigation Systems, one of the segments analyzed in the report, is expected to record a 1.5% CAGR and reach US$1.3 Billion by the end of the analysis period. Growth in the Solid Set Sprinkler Irrigation Systems segment is estimated at 1.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $689.3 Million, While China is Forecast to Grow at 2.7% CAGR
The Sprinkler Irrigation Systems market in the U.S. is estimated at US$689.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$520 Million by the year 2030 trailing a CAGR of 2.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 1.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$350.3 Million by the year 2030.
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