The Center Pivot Irrigation Systems Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Center Pivot Irrigation Systems Market is estimated to be $913.6 million in 2015 and predicted to rise to USD $1,845.6 million by 2021 with a CAGR of 15.1%. The market is segmented by Crop Type (Cereals & Grains, Oilseeds & Pulses, Other Crop Types) by Field Size (Small Fields, Medium Fields, Large Fields), by Mobility (Stationary, Mobile), by Component (Spans, Pivot Points, Drive Trains, Control Panels, Sprinkler Drops). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market is expected to show significant potential in the forecast period due to unirrigated lands being converted into mechanized irrigation and higher production compared to rain fed crops. The major factor affecting the growth of CPI systems include water efficiency during droughts, increasing requirements of higher yield crops and technological advancements in the CPI systems. But the lack of subsidies for the CPI systems and high maintenance have been holding back its growth.
The cereal crop segment under crop type accounted for the highest revenue ahead of oilseeds and pulses due to the intensive growth in cereal crop demands and cereal usage in animal feeds and biofuels. In field size segmentation, the revenue is leaded by the large fields because of the high returns on investments and reduced cost per acre. Considering the Mobility category, the stationary CPI systems have larger market share compared to mobile systems, due to the ease of use and feasibility of stationary systems.
The Global market for Center Pivot Irrigation systems is dominated by North America, wherein US is the fastest growing and has the highest market share. Europe accounts for the second largest market share and Asia-Pacific is expected to have a significant growth rate in the forecast period, overcoming restraints like being a labor intensive region.
Valmont Industries is one of the first players in the market. It has strategically acquired companies in the same industry and has constantly launched new products to stay ahead of competitors.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-center-pivot-irrigation-systems-market-1761/” and checkout our recent reports in the Agriculture Machinery category at “www.marketdataforecast.com/research-reports/agriculture/agriculture-machinery-14/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.