(MoneyNewsWire.Net, August 01, 2017 ) According to the report Global Center Pivot Irrigation Systems market", published by Market Data Forecast, the global market is projected to reach USD 1,845.6 million by 2021, at a CAGR of 15.1% from 2016 to 2021.
Center Pivot Irrigation Market is a method of crop irrigation in which the equipment is made to rotate around a fixed pivot and the crop are 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 interests in most regions of the world lately.
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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 the rain fed crops.
The factors impacting the Global Market for Center Pivot Irrigation Systems market, either positively or negatively are presented in the DROC analysis. Some of the things discussed in the section are 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 labour 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 unfavourable, thus creating more restraints in the growth of center pivot irrigation systems.
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For granular level understanding the Center Pivot Irrigation Systems market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
By Crop type:
Introduction
Cereals & Grains
Oilseeds & Pulses
Other Crop types
Y-o-Y Growth Analysis, By Crop type
Market Attractiveness Analysis, By Crop type
Market Share Analysis, By Crop type
By Field size:
Introduction
Small Fields
Medium Fields
Large Fields
Y-o-Y Growth Analysis, By Field size
Market Attractiveness Analysis, By Field size
Market Share Analysis, By Field size
By Mobility:
Introduction
Stationary
Mobile
Y-o-Y Growth Analysis, By Mobility
Market Attractiveness Analysis, By Mobility
Market Share Analysis, By Mobility
By Components:
Introduction
Spans
Pivot Points
Drive Trains
Control Panels
Sprinkler Drops
Y-o-Y Growth Analysis, By Components
Market Attractiveness Analysis, By Components
Market Share Analysis, By Components
The Global market for Center Pivot Irrigation Systems is dominated by North America, US being the fastest growing and having the highest market share in this region. Europe accounts for the second largest share in Center Pivot Irrigation Systems market. Asia Pacific is expected to show a significant growth rate in the coming years, although being the labour intensive region the increasing need for high yielding crops is anticipated to influence the growth of CPI systems within the region.
North America Center Pivot Irrigation Systems market
Europe Center Pivot Irrigation Systems market
Asia-Pacific Center Pivot Irrigation Systems market
Latin America Center Pivot Irrigation Systems market
Middle East and Africa Center Pivot Irrigation Systems market
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.
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The Center Pivot Irrigation Systems market study offers the following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
Segment-level analysis on basis of type, application, end-user along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Center Pivot Irrigation Segment:
Greenhouse Irrigation Systems Market: http://www.marketdataforecast.com/market-reports/global-greenhouse-irrigation-systems-market-1811/
Drip Irrigation Systems Market: http://www.marketdataforecast.com/market-reports/global-drip-irrigation-system-market-1846/
Agricultural Testing Market: http://www.marketdataforecast.com/market-reports/gobal-agricultural-testing-market-2137/
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