The global center pivot irrigation systems market size was evaluated at $4.1 Billion in 2021 and is slated to hit $9.8 Billion by the end of 2030 a CAGR of nearly 14.6% between 2022 and 2030.
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➤ The global market expansion is being supported by a significant demand for high-quality crop yields.
The global center pivot irrigation systems market will experience growth due to the increasing demand for high-quality agricultural yields and significant technological advancements in the farming sector. Furthermore, droughts have been generated in numerous countries as a result of climate change, which is attributed to seasonal fluctuations or greenhouse effects. Consequently, farmers have been compelled to seek out high-quality irrigation systems. This will expand the scope of the center pivot irrigation systems industry.
➤ The global market expansion will be decimated by the increasing deployment costs of center pivot irrigation systems.
The expansion of the center pivot irrigation systems industry will be impeded by the substantial costs associated with the initial deployment of these systems and the increasing maintenance costs. The expansion of the global center pivot irrigation systems market will be impeded by the lack of consumer awareness regarding the advantages that can be obtained through the use of center pivot irrigation systems in agricultural operations.
➤ End-user demand for products on a large scale is expected to generate new growth opportunities for the global market.
The global center pivot irrigation systems market has the potential to experience significant development in emerging countries, which will create new growth opportunities for the global market. The global market will experience new growth dimensions as a result of the widespread implementation of center pivot irrigation systems in agriculture, as opposed to flood irrigation techniques.
➤ The global industry may encounter a challenge in terms of growth due to the significant costs associated with slow product penetration.
The center pivot irrigation market will face a significant challenge in the near future as a result of a decline in demand for labor-intensive irrigation equipment.
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The Global Center Pivot Irrigation Systems Market is segmented based on product, application and region
Global Center Pivot Irrigation Systems Market: Product Segment Analysis
● Oilseeds & Pulses
● Cereals
● Others
Global Center Pivot Irrigation Systems Market: Application Segment Analysis
● Span
● Control Panels
● Sprinkler Drop
● Drive Train
● Pivot Points
● Tower Drive Wheels
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The global Center Pivot Irrigation Systems market profiles key players such as:
● Alkhorayef Group
● BAUER GmbH
● Roehren- und Pumpenwerk
● EPC Industrie’ Ltd.
● Driptech India Pvt. Ltd.
● Jain Irrigation Systems Ltd.
● Hunter Industries Inc.
● Lindsay Corporation
● Netafim Ltd.
● Grupo Fockink
● Premier Irrigation Adritec Pvt. Ltd.
● Rain Bird Corporation
● Pierce Corporation
???? Recent Developments:
• In October 2022, Reinke Irrigation, a prominent manufacturer of center pivot irrigation systems, extended its strategic partnership with CropX Technologies, a digital agronomic farm management tool that provides end-users with insights into irrigation, nutrition, and disease, as well as crop and soil management. The action will guarantee that water is utilized to its fullest potential in the cultivation of crops.
• Carlyle, a global investment firm, made the decision in August 2022 to acquire a substantial stake in Ocmis Group, a global manufacturer of sophisticated irrigation tools for the agriculture industry. The initiative will contribute to the expansion of the global center pivot irrigation systems industry.
➤ The Asia-Pacific region is expected to dominate the global market in terms of both volume and value during the forecast period.
The global market for center pivot irrigation systems is segmented into five regions: Europe, the Middle East and Africa, the Asia-Pacific, Latin America, and North America. The Asia-Pacific center pivot irrigation systems market is expected to maintain its dominance throughout the forecast period due to the extensive utilization of center pivot irrigation systems in countries like China and Australia.
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