As per this study the Global Center Pivot Irrigation System Market was valued USD 2011.44 MN (by revenue) in 2022 and is anticipated to reach USD 6549.01 MN by 2030 with a CAGR of 15.9%.
Center pivot irrigation system is the type of crop irrigation system, where the crops are sprinkled with water by a pipe structure that rotates around a pivot. It is alternatively known as central pivot irrigation, water wheel, and circle irrigation. It reduces labor cost, soil tillage, water runoff, and soil erosion.
Market Dynamics
Rising water scarcity resulting in higher demand for proper water management is driving the market growth. Rising need for high crop yield and crop quality to fulfill rising food demand is further of the market growth. Favorable initiatives and subsidiaries offered by various governments in further supporting the growth of this market. On the contrary, high set up and maintenance cost is projected to restrain the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of center pivot irrigation system.
Market Segmentation
The broad center pivot irrigation system market has been sub-grouped into crop type, field size, mobility and component. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Field Size
- Small field (up to 3 hectares)
- Medium field (3 hectares to 25 hectares)
- Large field (more than 25 hectares)
By Crop Type
- Cereals
- Oilseeds and Pulses
- Others
By Mobility
By Components
- Pivot Points
- Control Panels
- Span
- Sprinkler Drop
- Two Drive Wheels
- Driven Train
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for center pivot irrigation system in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Center Pivot Irrigation System Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the center pivot irrigation system market include Lindsay Corporation (U.S.), Valmont Industries, Incorporated (U.S.), T-L Irrigation Company (U.S.), Alkhorayef Group (Saudi Arabia), Reinke Manufacturing Company, Incorporated (U.S.), Rainfine (Dalian) Irrigation Company. Limited (China), Bauer GmbH, Roehren- und-Pumpenwork (Austria), and Grupo Fockink (Brazil). An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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