PUNE, India, September 8, 2016 /PRNewswire/ --
The report "Center Pivot Irrigation Systems Market by Crop Type (Cereals and Oilseeds & Pulses), Field Size (Small, Medium, Large), Mobility (Stationary and Mobile), Component (Span, Pivot Points, Drive Train, Control Panel, Sprinkler Drop) - Global Forecast to 2021", The market is projected to reach a value of USD 1,734.4 Million by 2021, at a CAGR of 14.9% from 2016.
Browse 69 market data Tables and 50 Figures spread through 182 Pages and in-depth TOC on "Center Pivot Irrigation Systems Market"
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The market is driven by factors such as conversion of unirrigated lands to mechanized irrigation, technology adoption trend, shrinking arable land, and higher production as compared to rain-fed crops.
The large field segment projected to be the fastest-growing segment during the period 2016-2021
The large field segment is expected to grow the fastest because as the field size increases, the irrigation cost per acre reduces with the use of center pivot irrigation systems. The requirement of labor in center pivot systems is much less than other types of irrigation systems; thus, on large fields, the use of pivot systems becomes more economical.
Cereals, the major crop type irrigated with the center pivot irrigation systems
Cereals accounted for the largest share for the application of center pivot irrigation systems in 2015. Under this category, corn and wheat contributed the major share for the usage of center pivot irrigation systems. Cereals contributed majorly to the high market share of this segment, primarily due to the demand for cereals by increasing population and its use in animal feed. Oilseeds & pulses accounted for the second largest share in 2015. Soybean and cotton plantations under this category contributed majorly to the high market share of this segment.
North America dominated the Center Pivot Irrigation Systems Market in 2015
The North American region was the largest market for center pivot irrigation systems in 2015. In North America, U.S. is a major user of center pivot irrigation systems to achieve higher yields and better quality crops for the export markets. The market for center pivots in North America is in a mature stage while markets in other regions are in the growth stage. Europe is the second-largest market for center pivot irrigation systems.
The Center Pivot Irrigation Systems Market report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Lindsay Corporation (U.S.), Valmont Industries, Incorporated (U.S.), T-L Irrigation Company (U.S.), Alkhorayef Group (Saudi Arabia), Reinke Manufacturing Company, Incorporated (U.S.), Rainfine (Dalian) Irrigation Company, Limited (China), Bauer GmbH, Roehren- und-Pumpenwork (Austria), and Grupo Fockink (Brazil).
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