This report analyzes the global center pivot irrigation systems market in terms of types, components, applications, crop type and geography. On the basis of type, the market is segmented into stationary and mobile center pivot irrigation systems. On the basis of applications, the market is further classified into agriculture and garden & landscapes. The agriculture segment is further segmented, on the basis of crop types, into cereals, oilseeds & pulses and others. The geographical distribution of the global car rental market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East & Africa and Latin America. 

Center pivot irrigation systems refer to center pivot irrigation systems designed to apply water through rotating around a pivot. The system is designed to apply water through overhead sprinklers with the help of drive trains installed at specific intervals. Major components of the center pivot irrigation systems comprise pivot points, control system, sprinkler heads, pump units, spans, towers, drive trainsand other fittings. Since these irrigation systems apply water in proximity to the land, water application accuracy is high with minimal losses. This makes center pivot irrigation systems among the irrigation equipment with highest water efficiency.

The center pivot irrigation systems market is highly driven by the modernizing agriculture sector worldwide. Rising population coupled with water scarcity issues are among the most serious issues faced by the world today. In order to cater to the ever-rising demand, it has become highly essential to enhance food production. Center pivot irrigation greatly helps reducing water usage thereby enhancing agricultural yield. Due to its advantages over conventional irrigation systems, center pivot irrigation systems market is set to witness robust growth during the forecast period.

The report titled “GlobalCenter Pivot Irrigation Systems Market- Growth, Share, Opportunities and Competitive Analysis, 2021 – 2029” offers strategic insights into the global center pivot irrigation systemsmarket along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on components, applications and cross-sectional study across different geographies. The market revenue for agriculture segment has been evaluated including large corporate farms and private farms. The study covers the comparative analysis of different segments for the years 2020 & 2029. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading center pivot irrigation system manufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are Valmont Industries, Inc., Lindsay Corporation, The Toro Company, T-L Irrigation Company, NetafimUSA, Alkhorayef Group, Nelson Irrigation Corporation, Reinke Manufacturing Company, Inc., Pierce Corporation and others. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the irrigation systems industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2019 – 2020)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global center pivot irrigation systems market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above mentioned factors.

As of 2020, the overall center pivot irrigation systems market was dominated by the agriculture segment. The segment accounted for a market share, in terms of revenue, of more than 60% of the total market. The segment growth is majorly supported by the strong agricultural sector across the U.S., China, Western Europe and Australia. Ongoing advancement across countries such as India, Brazil and South Africa is anticipated to drive further penetration of center pivot irrigation systems across the regions, thereby retaining the dominant position if agriculture segment.

As of 2020, the segment was led by the cereals segment contributing to over fifty percent of the total agriculture segment revenue. Center pivot irrigation system is highly suitable for cereal crops. In addition, due to high density of cereal cultivation worldwide, cereal crops become among the most potential applications of center pivot irrigation systems. With the rising adoption of these systems across MEA and Asia Pacific regions, the segment is expected to retain its dominant position in the market throughout the forecast period.

As of 2020, the global center pivot irrigation systems market is dominated by North America.The region accounted for more thanforty percent of the overall market revenue generated worldwide, in 2020. In comparison to other regions, North America has well developed agriculture sector with strong penetration of mechanized irrigation systems. Since center pivot offers easy operation and water efficiency, the system has gained robust popularity in the region over the period of time. According to Valmont Industries, Inc., mechanized irrigation systems such as center pivot and linear move systems, account for up to half of the total irrigated land. Thus, the region is expected to retain its dominant position in the market throughout the forecast period.

Asia Pacific is estimated to emerge as the fastest growing region in the global mechanized irrigation systems market during the forecast period. Countries such as China and Australia have fairly high penetration of center pivot irrigation systems. Further efforts for enhancement of the agriculture sector is expected to only fuel the demand for center pivot irrigation systems in the coming years. In addition, India too is expected to emerge as highly lucrative market for mechanized irrigation systems in the coming years.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Center Pivot Irrigation Systems market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Center Pivot Irrigation Systems market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Center Pivot Irrigation Systems market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Center Pivot Irrigation Systems market?
• Which is the largest regional market for Center Pivot Irrigation Systems market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Center Pivot Irrigation Systems market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Center Pivot Irrigation Systems market worldwide?