Press release
Center Pivot Irrigation Systems Market Field Size, Crop Type, Components, Mobility, Region, Competitive Landscape
Center Pivot Irrigation Systems Market
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Center Pivot Irrigation Materials Market by Field Size (Small Field, Medium Field and Large Field), Crop Type (Cereals & Grains, Fruits & Vegetables, Flowers & Ornamentals, Oilseeds & Pulses and Others), By Components (Pivot Points, Control Panels, Span, Sprinkler Drop, Tower Drive Wheels and Drive Train), By Mobility (Stationary and Mobile) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Major players in center pivot irrigation systems are Lindsay Corporation, Valmont Industries, Incorporated, T-L Irrigation Company, Alkhorayef Group, Reinke Manufacturing Company, Incorporated, Rainfine (Dalian) Irrigation Company, Limited, Bauer GmbH, Roehren- und-Pumpenwork, and Grupo Fockink.
Recent Developments
Aug. 29, 2019 - Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, has announced the launch of its ABSORB-M, a new, non-redirective, water-filled crash cushion system. Tested to the American Association of State Highway and Transportation Officials (AASHTO) Manual for Assessing Safety Hardware (MASH) Test Level TL-2 and TL-3 standards, the ABSORB-M is work zone ready and ideally suited for narrow areas where road and workspace are limited.
Jul. 30, 2019- Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, has announced that FieldNET Pivot Watch is now available through local Zimmatic® dealers in the United States and Canada. Announced earlier this year, FieldNET Pivot Watch is an ultra-low-cost, monitor-only solution that makes remote irrigation management more accessible than ever before.
Center pivot systems on Irrigation
As the name denotes, it is a type of irrigation system where sprinklers are attached to center pivots to supply the water in a circular pattern throughout the radius at frequent intervals. The usage is extended to supply even fertilizers, chemicals, and herbicides to the crops. The advantages of the center-pivot system of irrigation over others include minimizing labor costs, decreasing the quantity of soil tillage, and as a versatile machine enhancing the efficiency of irrigation practices.
Market outlook of CPI systems
The demand for effective irrigation practices to improve the production of crops, and the required amount of water supply to crops at the specified time put a light on center pivot irrigation (CPI) systems. The need for high-yield efficiency and fine-quality crops are the connecting factors involved in the growing market of center-pivot irrigation systems. Center Pivot Irrigation System's global market reached a value of USD 1,309.559 million in 2022. The market was predicted to grow from USD 1,511.231 million in 2023 to USD 4118.809 million in 2030 with CARG of 15.4% during the forecast period. During drought conditions, the significance of the usage of water resources paves the way to looking for alternative irrigation systems that lead to an increase in practicing center pivot irrigation systems. However, this system faces difficulty due to increased costs with respect to initial infrastructure setup, maintenance, and lack of knowledge.
Segmentation and Regional analysis
The market of center pivot irrigation systems is segregated based on crop type, field area, mobility, and region. These systems are proposed to be efficient for larger fields with stationary systems due to their practicality and flexible use. With respect to the crop type, pulses and cereals are preferred over other crops in the market since their demand to increase their production has impacted the growth of these irrigation systems. In addition to that, the government of various countries encourages to implementation of new on-farm technologies and focus on bringing new practices in agriculture to evade problems regarding climate and insufficient water supply which boost the ongoing market of center pivot irrigation systems.
The regional-wise distribution of CPI systems defines that the North American region has a high influence on the CPI market due to switching over to the larger farm for a high return of investment and meeting the needs of demanded crops. U.S. is improving in the utilization of CPI systems made to share the largest position in the market. Whereas Europe is attributed as the second-largest. Asia Pacific is predicted to show prominent growth in the future even though it is been a labor-dense area. They drive to focus on improving the yield of crops subjected to an increase in the CPI systems market.
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Conclusion:
The market of center pivot irrigation systems has seen a huge rise in irrigation practices across the world. Due to its significant role in improving irrigation, crop quality, and production, high returns in small arable land.
Modern crop production depends heavily on cutting-edge, intelligent technologies. It's a smart habit to keep up with the way that new systems are being used to manage and increase field efficiency. Furthermore, the introduction of mechanized equipment such as center pivot irrigation systems can enable farm owners to manage more land while cutting personnel expenditures, thereby helping to limit the initial expense.
Increasing consumer demand for food and cereals, larger yields of better-quality crops, and government support for advanced farming practices are some of the key factors bolstering the center-pivot irrigation system market's growth in the upcoming years.
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In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Center Pivot Irrigation Systems Market: Table of Contents
Center Pivot Irrigation Systems Market is segmented into field type, crop type, components, mobility and region.
Center Pivot Irrigation Systems Market On the basis of Field Size
Small Field
Medium Field
Large Field
Center Pivot Irrigation Systems Market On the basis of Crop Type
Cereals & Grains
Fruits & Vegetables
Flowers & Ornamentals
Oilseeds & Pulses
Others (turf and forage grasses)
Center Pivot Irrigation Systems Market On the basis of Components
Pivot points
Control panels
Span
Sprinkler drops
Tower drive wheels
Drive train
Center Pivot Irrigation Systems Market On the basis of Mobility
Stationary
Mobile
Center Pivot Irrigation Systems Market On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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