Global Center Pivot Irrigation System Market Size, Share, Opportunities, And Trends By Type (Towable Center Pivot, Fixed Center Pivot), By Component (Pivot Point, Control Panel, Spans, Tower Box, And Others), And Geography - Forecasts From 2019 To 2024

115 pages

Published on : Jul 2019

Report Code : KSI061612726

Description
Table Of Content
Companies Mentioned

Description

Center Pivot Irrigation System refer to the equipment and systems used to supply water in agricultural lands for growth of crops. The demand for Center Pivot Center Pivot Irrigation System is expected to increase on account of the rising adoption of these systems in farmlands owing to their precision property. Further, technological advancements like advent of new components for center pivot irrigation systems is anticipated to push the market growth further. However, high initial cost is expected to hamper the market growth. Moreover, governmental support like subsidies to farmer fo0r purchasing of farm equipment and systems is expected to widen up the growth opportunity in the coming years. The market has been segmented on the basis of type, components and geography. In the type segment, fixed center pivot irrigation systems are anticipated to hold a significant share on account of easy usage in large and medium farms. Geographically, North America is estimated to hold a substantial rate owing to early adoption of modern agricultural techniques. Further, Asia Pacific is projected to grow at a significant rate on account of the huge agricultural industry in countries like India and China coupled with growing government support for establishing of farm equipment.

DRIVERS

Growing technological advancements.

Rising adoption of practices focusing on water waste reduction.

RESTRAINTS

High investment cost.

INDUSTRY UPDATE

In May 2019, Valmont Site Pro 1 acquired the operational assets of Connect-It wireless, a distributor of wireless site components.

In November 2018, Reinke launched RPM Annex pivot controller, a device that wires into main control panels which allows growers to upgrade to the lates technology by annexing their existing panels.

Major industry players profiled as part of the report are Lindsay Corporation, Valmont Industries Inc., REINKE Manufacturing Co. Inc., Fockink, Pierce Corporation, Rainfine (Dalian) Irrigation Co. Ltd., T-L Irrigation Co., BAUER Gmbh, VODAR Co. Ltd.

Segmentation

The Center Pivot Irrigation System market has been analyzed through the following segments:

By Type

Towable Center Pivot

Fixed Center Pivot

By Component

Pivot Point

Control Panel

Spans

Tower Box

Others

By Geography