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Key Players are Valmont Industries, Lindsay Corporation, Reinke Manufacturing, T-L Irrigation & Trimble Navigation
DUBLIN, IRELAND --(Marketwired - March 22, 2016) - Research and Markets has announced the addition of the "Precision Irrigation Market - Global Analysis & Forecast, 2015 to 2020" report to their offering.
North America occupies 515.10 million acres of cultivated land, including 67.39 million acres under irrigation. Since an important prerequisite for adoption of precision irrigation needs financial stability, being a developed region like North America worked in its favor as it held the ability to take command over the market from the initial stages itself.
Even though the region makes use of only 0.007 million acres of irrigation area for precision irrigation, it occupies around 74% of the precision irrigation market globally and is the highest revenue earning region of the market. It is expected to generate over $922.57 million of revenue by 2020.
Moreover, the precision irrigation market is getting its major chunk of revenue from the companies majorly based in the U.S., namely: Valmont Industries, Lindsay Corporation, T-L Irrigation, and Reinke Manufacturing among others. Valmont Industries made 58% of its $3.02 billion revenue in 2014 from the U.S. Similar is the case of Lindsay Corporation which earned 61% of its revenue in 2014 from the U.S., which is less than the previous year, but however, still maintains a leading position in the market.
Multiple application areas of precision irrigation, along with several other factors such as a concrete push by the modern technologies & IT, and benefits over traditional methods of irrigation, among others, have led to an increase in the utilization of these systems all over the world.
Key Topics Covered:
1 Executive Summary
2 Scope And Research Methodology
3 Market Dynamics
4 Industry Trends
5 Competitive Landscape
6 Precision Irrigation Market, By Systems
7 Precision Irrigation Market, By Application
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/89zr66/_precision
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