Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.1 Billion | USD 9.8 Billion | 14.6% | 2021 |
The global center pivot irrigation systems market size was evaluated at $4.1 Billion in 2021 and is slated to hit $9.8 Billion by the end of 2030 a CAGR of nearly 14.6% between 2022 and 2030.
The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investors and stakeholder space to help companies make data-driven decisions.
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Center pivot irrigation is also referred to as circle irrigation or water-wheel irrigation. Moreover, it is the crop irrigation method that assists in watering crops with help of sprinklers. These products have gained popularity owing to the reduction in the availability of cultivable land as well as unirrigated lands. Furthermore, center pivot irrigation systems are advantageous as compared to other tools of irrigation due to their ability to proficiently use water and increase the yield of crops. Reportedly, these systems prove to be highly efficient on large land fields.
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Massive demand for high quality crop yield to bolster the global market expansion
Escalating demand for high quality crop yield along with major technological breakthroughs in the farming sector will provide impetus to the growth of the global center pivot irrigation systems market. In addition to this, climate change due to seasonal fluctuations or greenhouse effects has produced droughts in various countries and this has forced farmers to look for proficient irrigation systems. This will prop up the scope of the expansion of center pivot irrigation systems industry. Moreover, the growing conversion of non-arable land into cultivable one will result in huge market expansion in the coming years. Furthermore, irregularity of rainfall due to changes in weather conditions will boost global market trends. Less water wastage and huge return on investments due to the use of center pivot irrigation systems in comparison to other traditional irrigation systems will shape the global center pivot irrigation systems business in the forthcoming years.
Growing deployment costs of center pivot irrigation systems to decimate the global market expansion
Huge costs related to the initial deployment of center pivot irrigation systems and growing maintenance costs will put brakes on the expansion of center pivot irrigation systems industry. Lack of awareness among consumers about benefits accrued due to the use of center pivot irrigation systems in farming activities will hinder the surge of the global center pivot irrigation systems market.
Large-scale product demand by end-users to create new opportunities for growth for the global market
The huge growth potential of the global center pivot irrigation systems market across emerging countries will open new growth avenues for the global market. Large-scale application of center pivot irrigation systems in agriculture instead of flood irrigation techniques will create new growth dimensions for the global market.
Slow product penetration owing to humungous costs can pose a challenge to the growth of the global industry
A decrease in the demand for labor-intensive irrigation tools will prove to be a major challenge to the growth of the center pivot irrigation market in the foreseeable future.
The center pivot irrigation systems market is divided into crop type, field size, mobility, component, and region.
In terms of field size, the center pivot irrigation systems industry is segmented into large field, small field, and medium field segments. Moreover, the large field segment, which accounted for the largest share of the global industry in 2021, is predicted to exhibit humungous growth over the forecast timeframe. The expansion of this segment over 2022-2030 can be ascribed to the massive use of center pivot irrigation systems in farming and tilling of a larger area.
On the basis of crop type, the center pivot irrigation systems market across the globe is divided into cereals, oilseeds & pulses, and others. Moreover, the cereals segment, which dominated the global center pivot irrigation systems industry share in 2021, is set to lead the segmental growth in the near future. The segmental expansion can be credited to the large-scale demand for cereals globally, along with the huge yield of cereals in the small area of arable land.
Report Attributes | Report Details |
---|---|
Report Name | Center Pivot Irrigation Systems Market Research Report |
Market Size in 2021 | USD 4.1 Billion |
Market Forecast in 2030 | USD 9.8 Billion |
Compound Annual Growth Rate | CAGR of 14.6% |
Number of Pages | 193 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Alkhorayef Group, BAUER GmbH, Roehren- und Pumpenwerk, EPC Industrie' Ltd., Driptech India Pvt. Ltd., Jain Irrigation Systems Ltd., Hunter Industries, Inc., Lindsay Corporation, Netafim Ltd., Grupo Fockink, Premier Irrigation Adritec Pvt., Ltd., Rain Bird Corporation, Pierce Corporation, and Nelson Irrigation Corporation. |
Segments Covered | By Field Size, By Crop Type, By Mobility, By Component, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2022 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific Region To Lead The Global Market In Terms of Volume and Value Over Forecast Timespan
In terms of region, the center pivot irrigation systems market globally is sectored into Europe, the Middle East and Africa, the Asia-Pacific, Latin America, and North America. The center pivot irrigation systems market in the Asia-Pacific is slated to retain its domination over the forecast timeline owing to the immense use of center pivot irrigation systems in countries such as Australia and China.
The global center pivot irrigation systems market across the globe profiles industry players such as:
By Field Size
By Crop Type
By Mobility
By Component
By Region
FrequentlyAsked Questions
The global center pivot irrigation systems market is set to expand over 2022-2030 owing to growing conversion of non-arable land into cultivable one and irregularity of rainfall due to changes in the weather conditions.
According to study, the global center pivot irrigation systems market size was $4.1 billion in 2021 and is projected to reach $9.8 billion by the end of 2030 with a compound annual growth rate (CAGR) of roughly 14.6% between 2022 and 2030.
The Asia-Pacific center pivot irrigation systems market is anticipated to record the highest growth in the forthcoming years subject to immense use of center pivot irrigation systems in countries such as Australia and China.
The global center pivot irrigation systems market profiles players Alkhorayef Group, BAUER GmbH, Roehren- und Pumpenwerk, EPC Industrie' Ltd., Driptech India Pvt. Ltd., Jain Irrigation Systems Ltd., Hunter Industries, Inc., Lindsay Corporation, Netafim Ltd., Grupo Fockink, Premier Irrigation Adritec Pvt., Ltd., Rain Bird Corporation, Pierce Corporation, and Nelson Irrigation Corporation.
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