Market Overview
The Global Center Pivot Irrigation Systems Market is estimated to reach a CAGR of 14% during the forecast 2024-2031.
Irrigation is considered one of the most delicate practices of agriculture. Center pivot irrigation is a mechanized irrigation model that provides crop irrigation in a circular pattern centered on a fixed pivot. The integral parts of the central pivot irrigation system include a radial pipe, a control panel, and a sprinkler package. Also, a control panel, drive units, and tower boxes are assembled for proper operation and support of the system.
Market Summary
| Metrics | Details |
| Market CAGR | 14% |
| Segments Covered | By Type, By Component, By End-Use and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Market Dynamics
A proper supply of water to crops at adequate levels poses a significant impact on the yield and overall quality of the produce. Moreover, the depleting water resources for farm practices are increasing the need for efficient irrigation methods across the globe.
The groundwater level in India has declined by 61% between 2007 and 2017, according to Fifth Minor Irrigation Census. Center pivot irrigation systems evolved as the most effective irrigation system owing to their economic, uniformity in irrigation, and capability of fertigation properties
The potential benefits of these systems such as effective water utilization, quick irrigation, reduction of labor, and resulting economic benefits are promoting the demand for center pivot irrigation systems globally. The increasing focus on farm mechanization and advanced farming technologies is supporting the growth of center pivot irrigation systems. According to the Indian Journal of Agricultural Sciences, 90% of the total farm power in India is contributed by mechanical and electrical power sources.
Several agritech companies and research institutes are involved in the development of real-time monitoring platforms for center pivot systems that enhance performance and reduce operational complexes. This is likely to promote market growth in the future. GSM-based Automatic Irrigation Control System for the efficient use of resources and crop planning by use in Android mobile in India was proposed in a research article published in IJTSRD.
However, the high initial costs associated with procurement, installation, and maintenance of these systems are the primary factor hindering the sales of center pivot irrigation systems. It could cost as high as approximately $325 per acre for larger fields and $500 to $1,000 for smaller fields. Linear move machines cost 50 percent more than the same length pivot, with cost per acre depending on field length.
Covid-19 Impact Analysis on Market
While the global trade came to halt during the lockdowns imposed to control the spread of novel coronavirus, the food and agriculture industry has been impacted by severe freight challenges. Most of the food categories witnessed a decline in sales volume due to lack of demand and supply chain disruptions. Agriculture is the largest market segment for center pivot irrigation systems, which had a huge negative impact on the market.
The decline in the agriculture industry meant the heavy initial investments, required for the center pivot irrigation systems, were not possible to be met, which resulted in the lack of sales in the markets severely affected by the pandemic, like the USA, Europe, which also happens to be dominant markets for the center pivot irrigation system. However, urbanization and growing food demand across the globe will inevitably drive the market once the pandemic comes to an end.
Market Segmentation Analysis
The global center pivot irrigation systems market is segmented by end-use into agricultural and non-agricultural applications. Agriculture is by far the largest segment holding about 85% of the global market. The large farm communities of the U.S. (an average of 444 acres in 2020), Europe, and developing nations of the Asia Pacific region are tending towards these irrigation systems for water and cost-effective farming.
Market Geographical Share
By geography, North America is the largest market for center pivot irrigation systems market with a share of nearly 40% in global sales value in 2020. The large-scale adoption of this irrigation method in large farms of the U.S. is the major factor driving the market growth in this region. Most of the arable land in the country is operated as large farms and the average size of farmland is increasing. Considering According to USDA, the average farm size in the U.S. reached 444 acres in 2020, up 3 acres from 2017.
Although India and China are dominant in the agriculture industry, the high fixed costs of center pivot irrigation systems mean the return on investment is quite low in the smaller farmlands of India and China, 2.66 and 1.6 acres respectively. However, the projected decrease in the agriculture workforce due to urbanization and rising food demand will likely result in the growth of the center pivot irrigation systems market in these regions. For instance, it is estimated that the percentage of farmworkers of the total workforce would reduce to 49.9% in 2033 and 25.7% in 2050 from 54.6% in 2011 in India
Companies and Competitive Landscape
The global center pivot irrigation systems market is consolidated with the top 5 companies accounting for over 50% of global sales. Valmont Industries, Inc, Lindsay Corporation, Rainfine, and T-L Irrigation Company are dominating the global central pivot irrigation systems market. These companies are focusing on the integration of turnkey farm management solutions in their portfolio. For instance, In January 2020, Valmont Industries, Inc. acquired AgSense LLC, a U.S.-based farm technology firm that provides remote management agricultural solutions for farm practices. The growing penetration of data-driven technologies in agriculture, which will enable automation and make identifying requirements for the crop easier, is likely to mark significant developments in the center pivot irrigation systems market
Lindsay Corporation:
Lindsay Corporation, formerly known as Lindsay Manufacturing Co., is an irrigation and infrastructure company, based in the U.S. state of Nebraska. Lindsay's irrigation division has systems operating in more than 90 countries and has 1609 employees in 17 office locations across 10 countries.
Product Portfolio of Lindsay Corporation:
center pivot & lateral move irrigation systems
wireless irrigation management
irrigation consulting & design
wireless networking & broadband systems integration
road safety products
Railroad Products
custom electronics
- Lindsay Corporation in the 2019 Farm Progress Show and Husker Harvest Days demonstrated the next-gen Zimmatic controllers, their lineup of center pivot irrigation systems, along new FieldNET Innovations in the family of remote management products.
- On July 7, 2020, Lindsay Corporation announced the acquisition of Net Irrigate, LLC, a North American agriculture Internet of a Things technology company that provides remote monitoring solutions for irrigation customers. Net Irrigate will join Lindsay's FieldNET brand of remote irrigation monitoring and control solutions.
Other key players in the market include Pierce Corporation, Vodar (Tianjin) Co., Ltd, Bauer GmbH, Alkhorayef Group, ONEAQUA GmbH, Reinke Manufacturing Co., Inc.,
Why Purchase the Report?
- Understand the current market scenario and viability of the center pivot irrigation systems market over the forecast period.
- Visualize the composition of the global center pivot irrigation systems market in terms of type, component, and end-use to identify major players, growth potential, and market strategies
- Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
- Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market
What we offer?
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Excel data sheet with valuable data points of the global center pivot irrigation systems market – Regional and Country level segmentation
- Product mapping in excel for the key products of all major market players
- Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
Target Audience:
- Irrigation System Manufacturers
- Agritech Companies
- Farming and Growers communities
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
