Mechanized Irrigation Systems Market by Type, Size, Share, Forecast (2024-2033)
Global Mechanized Irrigation Systems Market Outlook Mechanized Irrigation Systems Market Size reached USD 8.5 billion in 2022. Projected growth indicates that the industry will expand from USD 9.9195 billion in 2023 to USD 34.12374 billion by 2032, reflecting a notable compound annual growth rate (CAGR) of 16.70% throughout the forecast period spanning 2023 to 2032. Mechanized irrigation has been gaining widespread adoption, especially in economies where agriculture sector impacts the economic development. Low agricultural yield can severely impact the bottom line of various economies and stagger economic growth, owing to which mechanized irrigation is gaining traction. The scarcity of water is a significant factor influencing the market growth positively. Sprinklers and other mechanized irrigation systems help reduce water usage and energy costs in water-scarce regions and agriculture-based countries. Use of smart mechanized irrigation systems results in increased crop yield and imp