Europe's central pivot irrigation systems market was valued at USD 454.76 million in 2023 and is anticipated to reach a valuation of USD 520.11 million in 2024, from USD 1522.62 million by 2032, growing at a CAGR of 14.37% during the forecast period from 2024 to 2032.
The market is showcasing evident potential in the mentioned forecast period due to the abundance of unirrigated lands being converted to mechanized irrigation, shrinking arable land, and higher production compared to rain-fed crops.
Center Pivot Irrigation is a method of crop irrigation that involves several pipes joined together around a fixed pivot and the crop is watered by the sprinklers. Center Pivot Irrigation System saves water over other irrigation techniques and costs less for labor. Thus, CPI systems are gaining interest in most regions of the world lately.
Factors influencing the growth of the center pivot irrigation systems market include 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.
The center pivot irrigation systems are facing challenges mainly due to the lower demands from the economies which are labor-intensive for the most part and additionally because of the lack of subsidies for the CPI systems thus requiring high initial investments. Furthermore, the systems require continuous maintenance, and the currency exchange rates are highly unfavorable, thus creating more restraints in the growth of center pivot irrigation systems.
The cereal crops segment accounted for the highest revenue followed by the oilseeds and pulses segment. Intensive growth in cereal crop demands and the use of cereal in animal feed and biofuels drive the application of center-pivot irrigation systems in cereal crops. When considering field type, the large field segment accounted for the largest market share in 2022. Center pivot irrigation systems are widely employed in large fields, the reason being high returns of investment and reduced cost per acre. In the mobility category, stationary center pivot irrigation systems have a larger market share compared to mobile systems due to the feasibility and ease of use of stationary systems in large fields.
Some of the market leaders of the CPI 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.
Frequently Asked Questions
As of the latest data, the Europe Center Pivot Irrigation Systems Market is valued at USD 454.76 million in 2023.
France, Germany, and Spain are the major contributors to the Center Pivot Irrigation Systems Market in Europe.
Research institutions in Germany play a crucial role in driving innovation in the Center Pivot Irrigation Systems Market by conducting studies on improved water-use efficiency, precision irrigation, and the integration of smart technologies.
The growth of the Center Pivot Irrigation Systems Market in Western Europe is driven by the modernization of agriculture, increasing demand for high-efficiency irrigation systems, and the focus on sustainable water management practices.
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.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region