What Has Been the Progress and Growth of the Center Pivot Irrigation System Market in Recent Years?
The center pivot irrigation system market has seen considerable growth due to a variety of factors.
•The market size of the center pivot irrigation system has experienced swift growth over the past few years. Its size is projected to expand from $4.75 billion in 2024 to $5.3 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.6%.
Factors such as the evolution in the semiconductor industry, the miniaturization of integrated circuits, advances in electronic devices, the surge in the production of data storage devices, a boom in consumer electronics, and the global spread of electronics manufacturing have all significantly contributed to the growth experienced in the historic period.
What Can Be Expected from the Center Pivot Irrigation System Market in the Coming Years?
The center pivot irrigation system market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the center pivot irrigation system is slated to experience substantial growth in the forthcoming years, expected to reach approximately "$8.68 billion by the year 2029, growing at a Compound Annual Growth Rate (CAGR) of 13.1%.
The growth anticipated during this forecast period can be linked to the advancements in automotive electronics, the surge in demand for cutting-edge displays, the progression of quantum computing, investments in the global semiconductor industry, and regulations about the environment and safety. Key trends expected to emerge within this period include cutting-edge node technology, 3D integrated circuits and packaging, the addition of in-situ metrology, breakthroughs in slurry formulations, collaborations, and partnerships, and the incorporation of artificial intelligence and machine learning.
What Main Forces Are Fueling Expansion In The Center Pivot Irrigation System Market?
The anticipated improvement in agricultural productivity is predicted to stimulate the center-pivot irrigation system market's expansion. Agricultural productivity pertains to an economic indicator that contrasts the volume of products and services created (output) with the volume of resources employed in their creation. Center-pivot irrigation enables water delivery at required levels, provides ample moisture to crops, modifies height during their growth cycle, and enhances productivity. Consequently, escalating agricultural productivity intensifies the demand in the center-pivot irrigation system market. For example, as per the UK department for Environment, Food, and Rural Affairs, in May 2023, there was a 3.4% surge in the total factor productivity (TFP) of the UK's agricultural sector between 2021 and 2022. The overall crop yield in the UK in 2022 was 144.3, marking a 1.7% rise from the 2021 figure of 141.9. As such, the escalating requirement for amplified productivity propels the growth of the center-pivot irrigation system market.
What Are The Primary Segments In The Global Center Pivot Irrigation System Market?
The center pivot irrigation system market covered in this report is segmented –
1) By Component: Pivot Points, Drive Trains, Sprinkler Drops, Spans, Control Panels, Tower Drive Wheels
2) By Crop Type: Oilseeds And Pulses, Cereals, Other Crop Types
3) By Field Size: Medium Fields, Small Fields, Large Fields
4) By Mobility: Stationary, Mobile
Subsegments:
1) By Pivot Points: Gearbox Assembly, Support Structures, Drive Mechanisms
2) By Drive Trains: Electric Drive Motors, Hydraulic Drive Systems, Gear Drives
3) By Sprinkler Drops: Sprinkler Heads, Drop Tubes, Regulators
4) By Spans: Mainline Spans, End Spans, Corner Spans
5) By Control Panels: Automatic Control Panels, Manual Control Panels, Remote Monitoring Systems
6) By Tower Drive Wheels: Rubber Drive Wheels, Steel Drive Wheels, Traction Wheels
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Which Key Trends Are Driving Changes In The Center Pivot Irrigation System Market?
The introduction of innovative products by leading players is an emerging trend in the center pivot irrigation systems market, as these companies seek to consolidate their position in the sector. This is exemplified by a collaboration in July 2022 between Valley Irrigation, a US firm specializing in center pivot irrigation, and the Farmers National Company, a nationwide provider of agricultural services to landowners in the US. This partnership resulted in the first solar-powered center pivot system able to power a 7-tower, corner arm machine, aiding in reducing energy usage for field irrigation. This system can convert 94% of sunlight to electricity using a converter, converting this from direct to alternating current within the local power district, allowing it to feed directly into the local power grid which subsequently powers the pivot. The unit itself does not require power from the set-up and would need roughly an acre of solar panels to generate sufficient power. The lifespan of these panels is expected to be around 20 to 30 years, consistent with that of the pivot system.
Who Are the Key Players in the Center Pivot Irrigation System Market?
Major companies operating in the center pivot irrigation system market include:
• Alkhorayef Group
• BAUER GmbH
• Driptech India Pvt. Ltd.
• EPC Industries Ltd.
• Grupo Fockink
• Jain Irrigation Systems Ltd.
• Lindsay Corporation
• Nelson Irrigation Corporation
• Netafim Ltd.
• Pierce Corporation
• Premier Irrigation Adritec Pvt. Ltd.
• Rain Bird Corporation
• Rainfine Irrigation Co. Ltd.
• Reinke Manufacturing Company Inc.
• 3A Composites
• Adritec Group International
• Rivulis Irrigation Ltd.
• T-L Irrigation Company
• Cadman Power Equipment Ltd.
• Ocmis Irrigazione S.p.A.
• Kifco Inc.
• Otech S.A.S
• Irrigation Direct Inc.
• Valmont Industries Inc.
• Galcon Ltd.
• Irritec SpA
• Waterman Industries Inc.
• Perrot Irrigation Systems KG
• The Toro Companyax
What Is The Most Dominant Region In The Center Pivot Irrigation System Market?
North America was the largest region in the center pivot irrigation systems market in 2024. The regions covered in the center pivot irrigation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
