Global Center Pivot Irrigation Systems Market Size to Increase About $9.8 Billion By 2030

Global Center Pivot Irrigation Systems Market Size

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.

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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.

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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

Recent Developments:

In January 2023, Valmont® Industries, Inc., a key manufacturer of valley center point and liner irrigation devices, secured an order of nearly $85 million for supplying automated irrigation systems for many farming projects in Africa. The move is likely to boost the expansion of center pivot irrigation systems market in the African continent.
In January 2023, Reinke Manufacturing Co., Inc., the World's largest manufacturer of center pivot irrigation systems, approved Holdrege Irrigation as the top-selling dealership of Reinke in the countries such as the U.S. and Canada. Moreover, the move will help Reinke efficiently and productively serve the growers in North America. In addition, the initiative will help Reinke Manufacturing Co., Inc. in developing and implementing precision irrigation devices & technologies to enable growers to enhance crop yield in the region. The move will contribute massively towards the sizable growth of the center pivot irrigation systems market in the North American region.

The global Center Pivot Irrigation Systems market is segmented as follows:

By Field Size

Large Field
Medium Field
Small Field

By Crop Type
Oilseeds & Pulses
Cereals
Others
By Mobility
Stationary
Mobile

By Component
Span
Control Panels
Sprinkler Drop
Drive Train
Pivot Points
Tower Drive Wheels

By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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FREQUENTLY ASKED QUESTIONS

Which key factors will influence global center pivot irrigation systems market growth over 2022-2030?
What will be the value of the center pivot irrigation systems market during 2022-2030?
Which region will contribute notably towards the center pivot irrigation systems market value?
Which are the major players leveraging the global center pivot irrigation systems market growth?

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