Center Pivot Irrigation Systems Market Forecasts to 2030 – Global Analysis By Crop Type (Cereals, Flowers & Ornamentals and Other Crop Types), Mobility (Stationary and Mobile), Field Size, Component and By Geography

Center Pivot Irrigation Systems Market Forecasts to 2030 – Global Analysis By Crop Type (Cereals, Flowers & Ornamentals and Other Crop Types), Mobility (Stationary and Mobile), Field Size, Component and By GeographyAccording to Stratistics MRC, the Global Center Pivot Irrigation Systems Market is accounted for $5.57 billion in 2023 and is expected to reach $16.33 billion by 2030 growing at a CAGR of 16.6% during the forecast period. Circle irrigation or water-wheel irrigation are additional names for center pivot irrigation. It is a crop irrigation technique that aids in watering crops with the help of sprinklers. Due to the decrease in the amount of arable and unirrigated land available, these products have become more and more popular. In addition, center pivot irrigation systems are better than other irrigation methods because they can use water more effectively and boost crop yields. On large land fields, these systems reportedly demonstrate their high efficiency.

According to USDA, the average farm size in the U.S. reached 444 acres in 2020, up 3 acres from 2017.

Market Dynamics:

Driver:

Massive demand for high quality crop yield

Growing consumer demand for high-quality crop yields and significant technological advancements in the farming industry will fuel the expansion of the global centre pivot irrigation systems market. Additionally, droughts have been caused by climate change due to seasonal variations or greenhouse effects in many different countries, forcing farmers to search for effective irrigation systems. This will support the industry's plan for centre pivot irrigation system expansion. Additionally, there will be a significant market expansion in the upcoming years as non-arable land is increasingly converted into cultivable land.

Restraint:

Growing deployment costs of center pivot irrigation systems

The industry for centre pivot irrigation systems will not be able to grow because of the high initial costs involved and the rising maintenance costs. The growth of the global market for centre pivot irrigation systems will be hampered by consumers' lack of awareness of the advantages derived from the use of these systems in farming operations.

Opportunity:

Large-scale product demand by end-users

The enormous growth potential of the global market for centre pivot irrigation systems in developing nations will create new growth opportunities for the entire world market. Centre pivot irrigation systems will expand the potential of the global market if they are widely used in agriculture instead of flood irrigation methods.

Threat:

Cropping limitations and environmental concerns

Even though centre pivot irrigation uses less water than conventional flood irrigation, there may still be issues with water waste, runoff that could contaminate the water, and the effect on regional ecosystems. Due to their unique water needs, height, or spacing, some crops might not be suitable for centre pivot irrigation. For some crops, farmers may need to use different irrigation techniques, which would add complexity and expense.

Covid-19 Impact

COVID-19 had significant economic impacts, and farmers' financial capacity to invest in capital-intensive equipment like centre pivot irrigation systems may have been affected. Reduced income, uncertainties, and increased expenses related to the pandemic might have influenced investment decisions. Consequently, the effects on the centre pivot irrigation system market also varied geographically.

The cereals segment is expected to be the largest during the forecast period

Cereal demand is expected to increase due to population growth and changing dietary preferences; centre pivot irrigation systems depend on this market. In the upcoming years, it is anticipated that the need to increase agricultural production will drive this segment's growth.

The Large Fields (more than 25 hectares) segment is expected to have the highest CAGR during the forecast period

It is anticipated that the large field segment, which in 2021 represented the largest portion of the global industry, will experience enormous growth. This industry's growth can be attributed to the extensive use of centre pivot irrigation systems in farming and the tilling of a larger area.

Region with largest share:

Over the forecast period, Asia Pacific will have the largest market for centre pivot irrigation systems. This is a result of the region's growing need for irrigation systems, particularly in China and India. In addition, the region's population is expanding, agricultural output is increasing, and there is growing awareness of the advantages of using irrigation systems.

Region with highest CAGR:

The market for centre pivot irrigation systems is dominated by North America. This development can be attributed to rising agricultural irrigation system demand as well as rising market investments by different companies. Growing demand for mobile centre pivot irrigation and an increase in the region's consumption of grains and pulses are additional factors contributing to the growth of the North American centre pivot irrigation system market.

Key players in the market

Some of the key players profiled in the Center Pivot Irrigation Systems Market include Alkhorayef Group, Bauer GmbH, Elgo Irrigation Ltd., Enexio Water Technologies Gm, Grupo Fockink, Hunter Industries Inc., Irritec S.p.A., Jain Irrigation Systems Ltd., Lindsay Corporation, Mahindra EPC Irrigation, Nelson Irrigation Corporation, Netafim Limited, Pierce Corporation, Rain Bird Corporation, Rainfine Irrigation Co., Ltd., Reinke Manufacturing Company, Inc., Rivulis Irrigation Ltd, The Toro Company, T-L Irrigation Company, Valmont Industries, Inc., Vodar Irrigation Pty. Ltd. And Yada Irrigation Systems.

Key Developments:

In October 2022, Reinke Manufacturing, a leader in precision irrigation equipment, and FreeWave® Technologies, a leader in industrial wireless connectivity, announced a partnership to simplify data connectivity between irrigation systems and the cloud, making way for another best-in-class hardware line-up for Reinke’s ReinCloud-Ready® products.

In August 2022, Carlyle, a global investment firm, decided to acquire a huge stake in Ocmis Group, a global advanced irrigation tool manufacturer for the agriculture industry. The initiative will augment the growth of the global center pivot irrigation systems industry space.

In February 2020, Lindsay Corporation, a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced the global release of new Zimmatic poly pipe for its center pivot irrigation systems designed for growers who irrigate in corrosive water environments.

Crop Types Covered:
• Cereals
• Flowers & Ornamentals
• Oilseeds & Pulses
• Other Crop Types

Mobilities Covered:
• Stationary
• Mobile

Field Size Covered:
• Small Fields (up to 3 hectares)
• Medium Fields (3 hectares to 25 hectares)
• Large Fields (more than 25 hectares)

Components Covered:
• Control Panels
• Drive Trains
• Pivot Points
• Spans
• Sprinkler Drops
• Tower drive wheels
• Other Components

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements