The center pivot irrigation system market is projected to grow at a CAGR of 12.45% between 2025 to 2030.
Center Pivot Irrigation System refer to the equipment and systems used to supply water in agricultural lands for growth of crops. The demand for Center Pivot Center Pivot Irrigation System is expected to increase on account of the rising adoption of these systems in farmlands owing to their precision property. Further, technological advancements like advent of new components for center pivot irrigation systems is anticipated to push the market growth further. However, high initial cost is expected to hamper the market growth. Moreover, governmental support like subsidies to farmer fo0r purchasing of farm equipment and systems is expected to widen up the growth opportunity in the coming years. The market has been segmented on the basis of type, components and geography. In the type segment, fixed center pivot irrigation systems are anticipated to hold a significant share on account of easy usage in large and medium farms. Geographically, North America is estimated to hold a substantial rate owing to early adoption of modern agricultural techniques. Further, Asia Pacific is projected to grow at a significant rate on account of the huge agricultural industry in countries like India and China coupled with growing government support for establishing of farm equipment.
DRIVERS
Growing technological advancements.
Rising adoption of practices focusing on water waste reduction.
RESTRAINTS
High investment cost.
INDUSTRY UPDATE
In May 2019, Valmont Site Pro 1 acquired the operational assets of Connect-It wireless, a distributor of wireless site components.
In November 2018, Reinke launched RPM Annex pivot controller, a device that wires into main control panels which allows growers to upgrade to the lates technology by annexing their existing panels.
Major industry players profiled as part of the report are Lindsay Corporation, Valmont Industries Inc., REINKE Manufacturing Co. Inc., Fockink, Pierce Corporation, Rainfine (Dalian) Irrigation Co. Ltd., T-L Irrigation Co., BAUER Gmbh, VODAR Co. Ltd.
Segmentation
The Center Pivot Irrigation System market has been analyzed through the following segments:
By Type
Towable Center Pivot
Fixed Center Pivot
By Component
Pivot Point
Control Panel
Spans
Tower Box
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others