The Global Center Pivot Irrigation Systems Market is growing at a CAGR of 15.1% owing to technological enhancements in the CPI systems
Hyderabad, India -- (SBWIRE) -- 01/22/2018 -- The report "Center Pivot Irrigation Systems Market by Product (Instruments (Manual, Automated and Semi-Automated) and Consumables (Reagents and Kits)), by Type (Needle Biopsy (Core Needle Biopsy, Fine Needle Biopsy and Vacuum-Assisted Biopsy) and Surgical Biopsy (Incisional Biopsy and Excisional Biopsy), by Application (Scientific Research, Medical Diagnosis, Agricultural Applications and Genetic fingerprinting & Sex Determination) - Forecast to 2021", The Center Pivot Irrigation Systems market is expected to reach USD 1.845 Billion by 2021 from an estimated USD 913.6 Million in 2016, at a CAGR of 15.1%. The key factors such as efficiency in water resource usage in case of droughts, rising requirements of high yielding and better quality crops, technological enhancements in the CPI systems and high returns on investments as compared to alternative irrigation systems, are driving the growth of the global market.
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By field type, the large fields segment accounted for the largest share of the market in 2016
On the basis of field type, the Center Pivot Irrigation Systems market has been segmented into large fields, medium field and small fields. The market is segmented by crop type under Cereals & Grains, Oilseeds & Pulses and other Crop Types. The large fields segment accounts for the largest market share owing to the larger application of irrigation systems in such fields, particularly in the developed markets and economies of the world. The cereal crops segment accounts for the largest market share by crop type, followed by the oil seeds and pulses segment.
By mobility, the pivot points segment accounted for the largest share of the market in 2016
On the basis of mobility, the Center Pivot Irrigation Systems market has been segmented into Spans, Pivot Points, Drive Trains, Control Panels and Sprinkler Drops. The stationary center pivot irrigation systems have a larger market share compared to the mobile systems, due to the feasibility and ease of use of stationary systems in large fields.
North America dominated the market in 2016
North America accounted for the largest share of the Center Pivot Irrigation Systems market in 2016, followed by Europe. The large share of the Center Pivot Irrigation Systems market in North America can be attributed to the growth in technology, growing disposable incomes, and the fact that the US is the fastest growing and most developed farm economy of the world. Europe holds the second major market for Center Pivot Irrigation Systems. Asia pacific is estimated to represent strong potential market growth in the Center Pivot Irrigation Systems market due to fast technological advancements and adaptation by farmers.
The various players in the Center Pivot Irrigation Systems market include T-L Irrigation Company, Netafim Limited, RoEhren- Und Pumpenwerk, Lindsay Corporation, Valmont Industries, Alkhorayef Group, Reinke Manufacturing Company Inc., Grupo Fockink, Vodar (Tianjin) Co. Ltd, Pierce Corporation Ltd., Bauer GmbH , Rainfine (Dalian) Irrigation Co.
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