Market Outlook
According to this report, the center pivot irrigation systems market size reached a value of USD 3.88 billion in 2023. Aided by the increasing demand for efficient irrigation solutions and the growing need for water conservation in agriculture, the market is projected to further grow at a CAGR of 12.0% between 2024 and 2032 to reach a value of USD 10.80 billion by 2032.Center pivot irrigation systems are automated irrigation solutions designed to water crops in a circular pattern, providing uniform water distribution. These systems consist of a central pivot point connected to a series of pipes with sprinklers that rotate around the pivot, irrigating the crops. Center pivot irrigation systems are widely used in agriculture due to their efficiency, water-saving capabilities, and ability to cover large areas.
The increasing global population and the corresponding rise in food demand are driving the the center pivot irrigation systems market growth. Efficient irrigation is crucial to enhancing agricultural productivity and ensuring food security. Center pivot systems offer significant advantages in terms of water use efficiency, reducing labor costs, and increasing crop yields, making them an attractive option for farmers.
Additionally, the growing awareness of water scarcity and the need for sustainable water management practices are major factors contributing to the market growth. Center pivot irrigation systems are designed to optimise water usage, minimising water wastage and ensuring precise water application. This is particularly important in arid and semi-arid regions where water resources are limited. The increasing focus on water conservation in agriculture is driving the adoption of center pivot irrigation systems.
The expanding applications of center pivot irrigation systems in various crops also play a significant role in propelling the market. These systems are used for irrigating a wide range of crops, including cereals, fruits, vegetables, and oilseeds. The flexibility and adaptability of center pivot systems to different crop types and field conditions make them a popular choice among farmers. The increasing adoption of precision agriculture techniques further boosts the demand for advanced irrigation solutions like center pivot systems, consequently driving up the center pivot irrigation systems market share.
Technological advancements play a crucial role in the growth of the market. The integration of advanced technologies such as GPS, IoT, and remote sensing in center pivot systems is revolutionising the market. These technologies enable real-time monitoring and control of irrigation processes, enhancing precision and efficiency. The use of data analytics and machine learning algorithms helps in optimising irrigation schedules and water usage, improving crop yields and reducing operational costs.
Moreover, the development of energy-efficient center pivot systems is driving the market growth. Companies are focusing on designing systems that consume less energy while delivering optimal performance. The use of renewable energy sources, such as solar power, to operate center pivot systems is also gaining traction, contributing to sustainable farming practices and reducing the carbon footprint of agricultural operations.
As per the center pivot irrigation systems market analysis, the rise of automated and remote-controlled center pivot irrigation systems is transforming the market. These systems allow farmers to monitor and control irrigation processes remotely using smartphones, tablets, or computers. Automation and remote control enhance the efficiency and convenience of irrigation management, enabling farmers to make real-time adjustments based on weather conditions and soil moisture data. This trend is driven by the need for labour-saving solutions and the increasing adoption of smart farming technologies.
Market Segmentation
The market can be divided based on component, mobility, field size, crop type, and region.Market Breakup by Component
- Pivot Points
- Control Panels
- Span
- Sprinkler Drop
- Tower Drive Wheels
- Drive Train
Market Breakup by Mobility
- Stationary
- Mobile
Market Breakup by Field Size
- Small Field
- Medium Field
- Large Field
Market Breakup by Crop Type
- Cereals and Grains
- Fruits and Vegetables
- Oilseeds and Pulses
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global centre pivot irrigation systems market. some of the major players explored in the report are as follows:- Lindsay Corporation
- Valmont Industries, Inc
- BAUER GmbH
- AISco Europe S.A.U
- Rainfine Irrigation Company
- Tianjin Vodar Engineering Co., Ltd.
- T-L Irrigation Company
- Reinke Manufacturing Co., Inc.
- Darling Irrigation
- Fockink Generating Solutions and Integrating Technologies
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market16 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Market Snapshot
8 Global Center Pivot Irrigation Systems Market Analysis
9 North America Center Pivot Irrigation Systems Market Analysis
10 Europe Center Pivot Irrigation Systems Market Analysis
11 Asia Pacific Center Pivot Irrigation Systems Market Analysis
12 Latin America Center Pivot Irrigation Systems Market Analysis
13 Middle East and Africa Center Pivot Irrigation Systems Market Analysis
14 Market Dynamics
15 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Lindsay Corporation
- Valmont Industries, Inc
- BAUER GmbH
- AISco Europe S.A.U
- Rainfine Irrigation Company
- Tianjin Vodar Engineering Co., Ltd.
- T-L Irrigation Company
- Reinke Manufacturing Co., Inc.
- Darling Irrigation
- Fockink Generating Solutions and Integrating Technologies
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 182 |
Published | June 2024 |
Forecast Period | 2024 - 2032 |
Estimated Market Value ( USD | $ 4.36 Billion |
Forecasted Market Value ( USD | $ 10.8 Billion |
Compound Annual Growth Rate | 12.0% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |