Report updated on 11th September, 2021: Global Center Pivot Irrigation System Market 2021 (Includes Business Impact of COVID-19)
Global Center Pivot Irrigation System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global center pivot irrigation system market report has been segmented on the basis of field size, crop type, mobility, component, and region.
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The global Center Pivot Irrigation System market size was valued at USD $1.74 billion in 2020 and is projected to reach $14.40 billion by 2030, and is anticipated to expand at a CAGR of 14.40% over the forecast period from 2020 to 2030.
Global Center Pivot Irrigation System Market: Overview
Center pivot irrigation system is also known as circle or water-wheel irrigation. It is a process of irrigation in which equipment rotates around the pivot and sprinkle water to crops. The center pivot system needs flat terrain and uses gravity flow to function in undulating corner.
Global Center Pivot Irrigation System Market: Dynamics
Increasing demand for better quality crops and higher yield owing to water scarcity and drought is a major factor expected to augment growth of the global center pivot irrigation system market. In addition, growing population, coupled with increasing demand for food across the globe is another factor expected to drive growth of the target market in the next 10 years. Furthermore, technological advancements for efficient farming practices and increasing support by government of modern agricultural practices are some of the other factors expected to fuel growth of the potential market.
However, high initial and maintenance costs are factors which may hamper demand for center pivot irrigation system and restrain growth of the target market to a certain extent.
Increasing advancements in technologies and adoption of center pivot irrigation system in new and emerging markets are expected to create new opportunities for growth of the potential market.
Global Center Pivot Irrigation System Market: Segment Analysis
Among the field size segments, the large field segment is expected to register significant revenue share in the target market in the next coming years. Among the crop type segments, the oilseeds & pulses segment is expected to account for highest growth in terms of revenue in the target market in years to come.
Among the mobility segments, the stationary segment is projected to register significant revenue growth in the target market in the next 10 years. Among the component segments, the pivot point segment is expected to account for moderate revenue growth in the target market in years to come.
Global Center Pivot Irrigation System Market: Regional Analysis
The North America center pivot irrigation system market is expected to hold significant revenue share contribution and projected to maintain its dominance in the target market. Increasing demand for mobile center pivot irrigation and growing demand for cereals and pulses in countries in the region, are some factors anticipated to fuel growth of the North America center pivot irrigation system market. The Europe center pivot irrigation system market is anticipated to register moderate growth in terms of revenue in the target market over the forecast period. The market in Asia Pacific is projected to register highest growth rate in the target market in the next coming years, owing to increasing agricultural industry which in turn increase demand for center pivot irrigation system. The Middle East & Africa market is expected to register moderate growth rate in the target market in the next 10 years.
Global Center Pivot Irrigation System Market Segmentation:
Segmentation on the Basis of Field Size:
- Small Field (up to 3 hectares)
- Medium Field (3 hectares to 25 hectares)
- Large Field (more than 25 hectares)
Segmentation on the Basis of Crop Type:
- Cereals
- Oilseeds and Pulses
- Others
Segmentation on the Basis of Mobility:
Segmentation on the Basis of Component:
- Pivot Point
- Control Panel
- Span
- Sprinkler Drop
- Tower Drive Wheel
- Drive Train
Key Market Players included in the report:
- Alkhorayef Group (Saudi Arabia)
- Bauer GmbH
- Grupo Fockink (Brazil).
- Incorporated (U.S.)
- Lindsay Corporation (U.S.)
- Pierce Corporation
- Rainfine (Dalian) Irrigation Company
- Reinke Manufacturing Company
- Reinke Manufacturing Company Inc.
- RoEhren- Und Pumpenwerk
- Roehren- und-Pumpenwork (Austria)
- T-L Irrigation Company (U.S.)
- Valmont Industries Inc.
- Vodar (Tianjin) Co.Ltd
Below are the key development related to Center Pivot Irrigation System Market in 2020 and 2021.
May 2021: Valmont to Acquire Prospera Technologies, Global Leader in Agricultural Artificial Intelligence & Machine Learning. Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure and irrigation equipment and services for agriculture, announced it has entered into a definitive agreement to acquire Prospera Technologies Inc., (“Prospera”) a leading privately-held Israeli-based AI company, focused on ML and CV in agriculture. The transaction, valued at approximately $300 million.
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July 2020: Lindsay Corporation Acquires North American AgTech Company, Net Irrigate, LLC. Net Irrigates irrigation technology unites with Lindsays FieldNET® brand of remote irrigation monitoring and control solutions. Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announces the acquisition of Net Irrigate, LLC, an agriculture Internet of Things technology company that provides remote monitoring solutions for irrigation customers. Net Irrigate will join Lindsays FieldNET brand of remote irrigation monitoring and control solutions. The acquisition furthers the two companies shared goals of delivering innovative real-world solutions to help growers increase water and energy efficiency and exercise more sustainable farming practices while operating and maintaining irrigation systems.
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August 2020: Reinke and CropX Announce Partnership to Help Producers Maximize Performance by Growing More With Less. Companies combine strengths to provide the most advanced water prescriptions in the industry. Reinke Manufacturing, a global leader in irrigation systems and technology, and CropX, a leading global agricultural analytics and soil sensing company, announced a partnership to empower growers with the world’s finest irrigation scheduling tools. By integrating the technologies and support of two industry leaders rooted in agriculture, growers in more than 40 countries will be able to access soil health information that will allow them to improve yields, efficiencies and profitability.
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