North America Center Pivot Irrigation Systems market by Crop Type (Cereals & Grains, Oilseeds & Pulses, Other Crop Types) 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 - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
The North America Center Pivot Irrigation Systems Market was worth $319 million in 2016 and estimated to be growing at a CAGR of 14.31%, to reach $624 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 crop irrigation method in which the equipment rotates around a fixed pivot and the crop are watered through the sprinklers. Center Pivot Irrigation System generally uses less water than other irrigation techniques and is less labour intensive.
Thus, CPI systems are gaining popularity in most regions of the world recently.
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The factors affecting 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.
The North America 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.
- l Crop Type
- l Field Size
- l Mobility
- l Components
Scope of the report:-
- Regional and country-level analysisand forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysisin terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges(DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensivePESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, usingPorter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list ofkey market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysislisting out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Anexecutive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along withInvestment opportunities to provide both individuals and organizations a strong financial foothold in the market
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