Center Pivot Irrigation Systems market Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)

Center Pivot Irrigation Systems market
The Global Center Pivot Irrigation Systems Market was worth $913.6 million in
2015 and estimated to be growing at a CAGR of 15.1%, to reach $1,845.6 million
by 2021. The market is showcasing evident potential in the mentioned forecast
period due to the abundance of unirrigated lands being converted to mechanized
irrigation, shrinking arable land and higher production compared to the rain fed
Center Pivot Irrigation is a method of crop irrigation in which the equipment is
made to rotate around a fixed pivot and the crop are watered by the sprinklers.
Center Pivot Irrigation System typically uses less water than other irrigation
techniques and saves labor costs being less labor intensive. Thus, CPI systems are
gaining interests in most regions of the world lately.
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The key factors driving the growth of center pivot irrigation systems market
include efficiency in water resource usage in case of droughts, rising
requirements of high yielding and better quality crops, technological
enhancements in the CPI systems and high returns on investments as compared
to alternative irrigation systems. The center pivot irrigation systems are facing
challenges mainly due to the lower demands from the economies which are
labour intensive for the most part and additionally because of the lack of
subsidies for the CPI systems thus requiring high initial investments. Further, the
systems require continuous maintenance and the currency exchange rates are
highly unfavourable, thus creating more restraints in the growth of center pivot
irrigation systems.
The Global market for center pivot irrigation systems are classified under field
types as large fields, medium field and small fields. The market is segmented by
crop type under Cereals & Grains, Oilseeds & Pulses and other Crop Types.
Further, based on mobility the market is segmented under stationary and mobile
center pivot irrigation systems, and based on component the segmentation is
done under Spans, Pivot Points, Drive Trains, Control Panels and Sprinkler
Drops. The cereal crops segment accounted for the highest revenue followed by
the oilseeds and pulses segment. Intensive growth in cereal crop demands and
use of cereal in animal feed and biofuels drive the application of center pivot
irrigation systems in cereal crops. When taking field type into consideration, the
large field segment accounted for the largest market share in 2015. Center pivot
irrigation systems are widely employed in large fields, the reason being high
returns of investment and reduced cost per acre. In mobility category, the
stationary center pivot irrigation systems have a larger market share compared
to the mobile systems, due to the feasibility and ease of use of stationary systems
in large fields. The Global market for Center Pivot Irrigation Systems is
dominated by North America, US being the fastest growing and having the
highest market share in this region. Europe accounts for the second largest share
in Center Pivot Irrigation Systems market. Asia Pacific is expected to show a
significant growth rate in the coming years, although being the labour intensive
region the increasing need for high yielding crops is anticipated to influence the
growth of CPI systems within the region.
Some of the market leaders of the CPI systems market include T-L Irrigation
Company, Netafim Limited, RoEhren- Und Pumpenwerk, Lindsay Corporation,
Valmont Industries, Alkhorayef Group, Reinke Manufacturing Company Inc.,
Grupo Fockink, Vodar (Tianjin) Co. Ltd, Pierce Corporation Ltd., Bauer GmbH ,
Rainfine (Dalian) Irrigation Co.
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The Global Center Pivot Irrigation Systems Market was worth $913.6 million in 2015 and estimated to be growing at a CAGR of 15.1%, to reach $1,845.6 million by 2021.