• Stacy Lawlor

Global Center Pivot Irrigation Systems Market Size to grow USD 3.9 billion in 2028

The Global Center Pivot Irrigation Systems Market Size was valued at USD 1.6 billion in 2021. The market is projected to grow USD 3.9 billion in 2028, at a CAGR of 13.2%.

Global Center Pivot Irrigation Systems Market Size to grow USD 3.9 billion in 2028

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Center pivot irrigation also known as waterwheel irrigation, is a method of irrigating crops that involves rotating a machine around a pivot and spraying the crops with sprinklers. It is made consisting of a radial pipe supported by towers pivoting around a central point. Nozzles are evenly distributed along the radial pipe, and when it spins, water is sprinkled through the nozzles, irrigating fields. As a result, Center Pivot Irrigation Systems give a high degree of consistency in water irrigation since sprinklers near the pivot cover a smaller area, there are changes in flow rates, and those in the vicinity will be irrigated in less time, and vice versa. The pivot mechanism has a number of advantages. Water is applied uniformly, no human labor is necessary, and the system operates at reduced pressure, allowing energy to be saved. Water conservation and runoff prevention. These advantages boost growth of the market during the forecast period.

Global Center Pivot Irrigation Systems Market Size

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The Covid-19 epidemic has an impact on every business around the globe. The pandemic has had a significant impact on the center pivot irrigation industry, as covid-19 has caused global supply chain disruptions in agriculture and related businesses. The interrupted supply chain had an impact on the acquisition of raw materials for cultivation, harvesting, and distribution. As most farmers relied on income from export markets such as China and Europe, this had a negative influence on the cost, expenditure, and risk they had to bear.


Modernizing Agriculture Technology Driving Market Demand


The modernizing agriculture technology in the world is driving demand for global center pivot irrigation systems. Furthermore, the market expansion is fueled by population increase, water constraint challenges, and the desire for higher yields and higher quality crops. Center pivot irrigation saves a lot of water, which increases agricultural productivity. Furthermore, due to its advantages over traditional irrigation systems, the market for center pivot irrigation systems is predicted to rise significantly throughout the forecast period.


Several Advantages of Center Pivot Irrigation Systems Over Traditional Irrigation Systems Propel Growth


The market is growing due to the several advantages of Center Pivot Irrigation Systems over traditional irrigation systems. Center Pivot Irrigation Systems help to reduce water usage, which helps to alleviate water scarcity issues in many areas and to produce maximum harvests with the least amount of water. These are some of the aspects that are driving the industry forward. Moreover, the market is growing due to rising demand for higher-quality crops around the world, as well as advancements in agriculture technology and irrigation systems. Furthermore, the world's fast-rising population is a major driver driving the market's expansion. To meet this need, the market's growth is being driven by the growing requirement for increased productivity on existing land through sophisticated irrigation systems. In addition, increased conversion of non-irrigated land to mechanized irrigation, as well as erratic rainfall due to climate changes in some parts of the world, are expected to accelerate market growth.


North America currently holds the largest share of the market and is expected to maintain its dominance during the forecast period due to the increased demand for mobile center pivot irrigation, as well as the rising demand for grains and pulses in the region, which is expected to propel the North American center pivot irrigation system market forward during the forecast period. The United States was the region's top contributor, followed by Canada. The United States is one of the major markets for center pivot irrigation systems.

Global Center Pivot Irrigation Systems Market Size

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The Europe center pivot irrigation system market is expected to increase at a modest rate in terms of revenue. Because of the growing agricultural business, which in turn increases demand for center pivot irrigation systems, the market in the Asia Pacific is expected to grow at the fastest rate in the target market in the future years. The Center Pivot Irrigation Systems Market in the Middle East and Africa is predicted to develop at a moderate rate during the forecast period.


KEY INDUSTRY DEVELOPMENTS:

In April 2015, Lindsay Corporation opened a new center pivot manufacturing and distribution facility in Turkey to increase its service in the Middle East as well as nations including Russia, Ukraine, and the rest of the CIS.


Read More Details On This Report:

https://www.extrapolate.com/Agritech/center-pivot-irrigation-systems-market/25678

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