Center Pivot Irrigation Systems Market

Global Center Pivot Irrigation Systems Market Size (2023 to 2028)

The global center pivot irrigation systems market is expected to be valued at USD 2129.85 million in 2023 and USD 4330.67 million by 2028, growing at a CAGR of 15.25% from 2023 to 2028.

Global Center Pivot Irrigation System Market Share Insights:  

• Based on field type, the stationary segment dominated the market in 2022.
• Based on mobility, the cereals and grains segment led the market in 2022.
• Based on region, North America held the leading share of the worldwide market in 2022.

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 rain-fed crops. Center Pivot Irrigation is a method of crop irrigation in which the equipment is made to rotate around a fixed pivot and the crop is 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 interest in most regions of the world lately.

The key factors driving the growth of the 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 labor-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 unfavorable, thus creating more restraints in the growth of center pivot irrigation systems.

REPORT COVERAGE:

 
This research report on the global center pivot Irrigation System market has been segmented and sub-segmented into the following categories.

Center Pivot Irrigation Systems Market – By Field Type:

• Stationary
• Mobile

Center Pivot Irrigation Systems Market - By Mobility:

• Cereals & Grains
• Oilseeds & Pulses
• Other Crop Types

Center Pivot Irrigation Systems Market - By crop type:

• Large fields
• Medium field
• Small fields

Component 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 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 2015. 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.

Center Pivot Irrigation System Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The Global market for Center Pivot Irrigation Systems is dominated by North America, the US is the fastest growing and has the highest market share in this region. Europe accounts for the second-largest share in the Center Pivot Irrigation Systems market. Asia Pacific is expected to show a significant growth rate in the coming years; although it is a labor-intensive region, the increasing need for high-yielding crops is anticipated to influence the growth of CPI systems within the region. 

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, Rainfine (Dalian) Irrigation Co.