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The center pivot irrigation systems market size is forecast to increase by USD 1.2 billion, at a CAGR of 13.2% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Center pivot irrigation systems are factory-fabricated, cylindrical structures used primarily in agriculture and lawns for efficient water distribution. These systems consist of a pivot point, drive mechanism, and spans with evenly spaced sprinklers. The drive mechanism includes drive trains and tower drive wheels. The sprinklers, or sprinkler drops, are assembled parallelly within the tubing and are typically arranged in a square spacing pattern. To ensure adequate water coverage, an overlap of 50 to 65% of the wetted sprinkler diameter is employed. Center pivot irrigation systems are commonly used for field crops, greenhouses, and dense orchards, as well as for underground irrigation.
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The stationary center pivot irrigation system segment was valued at USD 683.90 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Center pivot irrigation systems are widely adopted in North America due to their water efficiency and suitability for drought-prone areas. Farmers in the US and Canada, with their predominantly large-scale agricultural operations, prioritize water-efficient irrigation methods. According to the US Department of Agriculture (USDA), agriculture is a significant consumer of water in the US, accounting for approximately 80% of the country's consumptive water use and up to 90% in Western states. The agriculture sector's extensive water usage can drive the demand for efficient irrigation and water management practices, such as center pivot irrigation systems. In the context of the Western culture's convenience food consumption trend and the increasing internet penetration, the online market for agriculture products and services is booming. This growth may further fuel the demand for advanced irrigation systems like center pivot, ensuring agriculture productivity and sustainable water management.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing focus on efficient use of natural resources is the key driver of the market.
The rising adoption of greenhouse agriculture is the upcoming trend in the market.
The growing threat from substitute irrigation systems is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Center pivot irrigation systems are a crucial component of modern agricultural practices, enabling efficient water usage and enhancing crop productivity in various regions worldwide. These systems, which consist of a series of pivoting arms that distribute water and nutrients evenly over circular plots of land, have evolved significantly over the years. In this article, we will explore the market dynamics and trends shaping the center pivot irrigation systems industry. The market is driven by several factors. The primary driver is the increasing demand for food production to meet the growing population's needs. With the global population projected to reach nearly 10 billion by 2050, the need for more efficient and productive agricultural practices is more critical than ever. Center pivot irrigation systems offer farmers the ability to irrigate larger areas with less water and labor compared to traditional methods, making them an attractive solution for agricultural productivity growth. Another significant trend in the market is the adoption of advanced technologies.
For instance, electric drives and solar-powered drive segments have gained popularity due to their energy efficiency and environmental sustainability. Mid-profile systems and aluminum pivot systems are also gaining traction due to their lightweight and durable nature, making them suitable for various soil types and terrain conditions. The market is diverse, catering to different crop kinds and field sizes. Oilseeds and pulses, cereals, and convenience food crops are among the primary crops grown using these systems. In terms of field size, the market can be segmented into small, medium, and large fields. Small fields, typically less than 50 acres, account for a significant portion of the market due to their ease of installation and affordability. Medium and large fields, on the other hand, require more extensive infrastructure and resources, making them more capital-intensive. The water source is another essential factor influencing the market.
Moreover, the growth in the solar-powered drive segment is driving innovation in mobile pivot towers and end tower structure segments, particularly within the fixed pivot towers segment. These advancements in aluminum pivot systems and reinforced concrete pivot systems are enhancing irrigation efficiency across various field sizes, including medium fields, huge fields, and small fields. The center pivot system, along with boom irrigation systems, mist irrigation systems, and smart sprinkler irrigation systems, are becoming essential for modern irrigation practices. Additionally, the use of sprinkler drop technology is improving water distribution, especially for arable land and rain-fed crops. These developments cater to the diverse needs of agricultural production, from fruit and vegetable syrups to large-scale irrigation projects across different field sizes.
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Market Scope |
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Report Coverage |
Details |
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Page number |
133 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 13.2% |
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Market Growth 2024-2028 |
USD 1.2 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
11.8 |
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Key countries |
US, China, France, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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