The Asia-Pacific center pivot irrigation systems market is expected to be worth USD 424.48 million in 2023 and is to reach a valuation of USD 927.49 million by 2028, growing at a CAGR of 16.92% during the forecast period.
Center pivot irrigation is a method of crop irrigation consisting of several segments of pipe joined together and mounted on wheeled towers with sprinklers positioned along its length. Center pivot irrigation system typically uses less water than other irrigation techniques and requires less labor thus cutting the cost. Hence, CPI systems are becoming a rising market in most regions of the world.
The key factors that contribute to the market growth include rising demand for high-yielding crops and increasing scarcity of water in a maximum number of regions of the world. Factors like 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 drive the growth of the CPI systems market.
The center pivot irrigation systems are facing challenges mainly due to the lower demands from the economies which are labor intensive for the most part and additionally because of the lack of subsidies for the CPI systems thus requiring high initial investments. Furthermore, the systems require continuous maintenance, and the currency exchange rates are highly unfavorable, thus creating more restraints in the growth of center pivot irrigation systems.
This research report on the Asia-Pacific center pivot irrigation systems market is segmented and sub-segmented into the following categories.
Asia-Pacific Center Pivot Irrigation Systems Market – By Field Type:
Asia-Pacific Center Pivot Irrigation Systems Market – By Crop Type:
Asia-Pacific Center Pivot Irrigation Systems Market – By Mobility:
Asia-Pacific Center Pivot Irrigation Systems Market – By Component:
The cereal crops segment accounted for the highest revenue followed by the oilseeds and pulses segment. Intensive growth in cereal crop demands and the 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 2016. Center pivot irrigation systems are widely employed in large fields, the reason being high returns of investment and reduced cost per acre. In the mobility category, stationary center pivot irrigation systems have a larger market share compared to mobile systems due to the feasibility and ease of use of stationary systems in large fields.
Asia-Pacific Center Pivot Irrigation Systems Market – By Country:
KEY MARKET PLAYERS:
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 and Rainfine (Dalian) Irrigation Co.
The Asia-Pacific center pivot irrigation systems market will be worth USD 424.48 million in 2023.
China, India, and Australia are the major contributors to the Center Pivot Irrigation Systems Market in Asia Pacific.
The growth of the Center Pivot Irrigation Systems Market in India is driven by the modernization of agriculture, government initiatives promoting irrigation infrastructure, and the need for water-efficient farming practices.
In Australia, the Center Pivot Irrigation Systems Market is witnessing a trend towards precision agriculture, with farmers adopting advanced systems that offer precise water application, reduce water wastage, and improve overall farming efficiency.
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.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]