The Asia-Pacific Center Pivot Irrigation Systems Market was worth $182 million in 2016 and estimated to be growing at a CAGR of 16.92%, to reach $399 million by 2021.
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The key factors that contribute to the market growth include rising demand for high yielding crops and increasing scarcity of water in maximum number of regions of the world
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Center Pivot Irrigation is a method of crop irrigation consisting of several segments of pipe joined together mounted on wheeled towers with sprinklers positioned along its length. Center Pivot Irrigation System typically uses less water than other irrigation techniques and requires less labour thus cutting the cost.
Hence CPI systems are becoming a rising market in most regions of the world.
Factors like 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 drive the growth of the CPI systems market.
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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 Asia-Pacific 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 2016.
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.
On the basis of geography, the Asia-Pacific market is analysed under various countries namely China, India, Japan, Australia and South Korea.
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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