Center Pivot Irrigation Systems market by Crop Type, by Field Size (Small Fields, Medium Fields, Large Fields), by Mobility (Stationary, Mobile), by Component (Spans, Pivot Points, Drive Trains, Control Panels, Sprinkler Drops) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
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The Global Center Pivot Irrigation Systems Market was worth $913.6 million in 2016 and estimated to be growing at a CAGR of 15.1%, to reach $1,845.6 million by 2021. The market is showcasing evident potential in the mentioned forecast period due to the abundance of unirrigated lands being converted to mechanized irrigation, shrinking arable land and higher production compared to the rain fed crops.
Center Pivot Irrigation is a method of crop irrigation in which the equipment is made to rotate around a fixed pivot and the crop are watered by the sprinklers. Center Pivot Irrigation System typically uses less water than other irrigation techniques and saves labor costs being less labor intensive.
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The key factors driving the growth of center pivot irrigation systems market include efficiency in water resource usage in case of droughts, rising requirements of high yielding and better quality crops, technological enhancements in the CPI systems and high returns on investments as compared to alternative irrigation systems. The center pivot irrigation systems are facing challenges mainly due to the lower demands from the economies which are labour intensive for the most part and additionally because of the lack of subsidies for the CPI systems thus requiring high initial investments.
Further, the systems require continuous maintenance and the currency exchange rates are highly unfavourable, thus creating more restraints in the growth of center pivot irrigation systems.
Browse market data tables and in-depth TOC of the Global Center Pivot Irrigation Systems Industry to 2021 at www.marketdataforecast.com/market-…tems-market-1761/
The Global market for center pivot irrigation systems are classified under field types as large fields, medium field and small fields. The market is segmented by crop type under Cereals & Grains, Oilseeds & Pulses and other Crop Types.
Further, based on mobility the market is segmented under stationary and mobile center pivot irrigation systems, and based on component the segmentation is done under Spans, Pivot Points, Drive Trains, Control Panels and Sprinkler Drops. The cereal crops segment accounted for the highest revenue followed by the oilseeds and pulses segment.
Intensive growth in cereal crop demands and use of cereal in animal feed and biofuels drive the application of center pivot irrigation systems in cereal crops. When taking field type into consideration, the large field segment accounted for the largest market share in 2015.
Center pivot irrigation systems are widely employed in large fields, the reason being high returns of investment and reduced cost per acre. In mobility category, the stationary center pivot irrigation systems have a larger market share compared to the mobile systems, due to the feasibility and ease of use of stationary systems in large fields.
The Global market for Center Pivot Irrigation Systems is dominated by North America, US being the fastest growing and having the highest market share in this region. Europe accounts for the second largest share in Center Pivot Irrigation Systems market.
Asia Pacific is expected to show a significant growth rate in the coming years, although being the labour intensive region the increasing need for high yielding crops is anticipated to influence the growth of CPI systems within the region.
Some of the market leaders of the CPI systems market include T-L Irrigation Company, Netafim Limited, RoEhren- Und Pumpenwerk, Lindsay Corporation, Valmont Industries, Alkhorayef Group, Reinke Manufacturing Company Inc., Grupo Fockink, Vodar (Tianjin) Co. Ltd, Pierce Corporation Ltd., Bauer GmbH , Rainfine (Dalian) Irrigation Co.
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