01-Feb-2023 | Zion Market Research
The center pivot irrigation systems industry size globally was nearly $4.1 Billion in 2021 and is set to increase to about $9.8 Billion by 2030 with a CAGR of nearly 14.6% between 2022 and 2030.
Center pivot irrigation systems are garnering huge traction across the globe due to various factors such as less availability of land for cultivation and unirrigated land requiring automated irrigation techniques. Moreover, water is required to be provided to yields at a particular time and of a specific amount as per the requirements for crop yield. Rise in awareness among farmers about advanced irrigation systems has enhanced the penetration of center pivot irrigation systems in the agriculture sector.
The expansion of the global center pivot irrigation systems industry over the forecast timespan can be owing to its surging demand for high crop yield with improved quality. Apart from this, huge government subsidies and high returns will proliferate the growth in the size of the global center pivot irrigation systems industry. The need for efficient water management and less water wastage will drive global business trends.
Nonetheless, huge preliminary costs of deploying center pivot irrigation systems along with high maintenance charges can decline the growth of the global industry. Moreover, low awareness about the benefits accrued due to the use of center pivot irrigation systems can further curtail the global market expansion. However, the growing application of center pivot irrigation systems in the agriculture sector with a view of reducing water wastage will provide new growth opportunities for the global market.
The center pivot irrigation systems market across the globe is divided into field size, mobility, crop type, component, and region.
On the basis of field size, the center pivot irrigation systems industry globally is sectored into large field, medium field, and small field segments. Furthermore, the large field segment is predicted to record noticeable growth over the forecast timeline. The growth of the segment over 2022-2030 can be due to massive demand for center pivot irrigation systems for tilling large acres of land and low costs incurred by the use of products on larger fields.
In terms of crop type, the global center pivot irrigation systems market is segmented into oilseeds & pulses, cereals, and others. Moreover, the cereals segment is predicted to be dominating segment in the forecasting timespan. The segmental growth can be attributed to the growing consumption of cereals across the globe and its high-quality yield. Apart from this, large-scale use of cereals in animal feed as well as biofuels will boost segmental growth.
The center pivot irrigation systems market in the Asia-Pacific zone is slated to acquire numero uno status over the forecast timeframe owing to the massive use of center pivot irrigation systems in the agriculture sector in the countries such as China, India, New Zealand, and Australia. Breakthroughs in farming technologies will further contribute to regional market growth.
Key participants profiled in the center pivot irrigation systems industry across the globe include Premier Irrigation Adritec Pvt., Ltd., Pierce Corporation, Alkhorayef Group, BAUER GmbH, Roehren- und Pumpenwerk, EPC Industrie' Ltd., Rain Bird Corporation, Driptech India Pvt. Ltd., Jain Irrigation Systems Ltd., Hunter Industries, Inc., Lindsay Corporation, Netafim Ltd., Grupo Fockink, and Nelson Irrigation Corporation.
This review is based on a report by Zion Market Research, titled “Center Pivot Irrigation Systems Market By Field Size (Large Field, Medium Field, and Small Field), By Crop Type (Oilseeds & Pulses, Cereals, and Others), By Mobility (Stationary and Mobile), By Component (Span, Control Panels, Sprinkler Drop, Drive Train, Pivot Points, and Tower Drive Wheels), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/center-pivot-irrigation-systems-market
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