Center Pivot Irrigation Systems market Industry Analysis, Share, Trends & Forecast by 2021
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The Global Center Pivot Irrigation Systems Market was worth $913.6 million in 2015 and estimated to be growing at a CAGR of 15.1%, to reach $1,845.6 million by 2021. 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 the rain fed crops.
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Center Pivot Irrigation is a method of crop irrigation in which the equipment is made to rotate around a fixed pivot and the crop are watered by the sprinklers. Center Pivot Irrigation System typically uses less water than other irrigation techniques and saves labor costs being less labor intensive. Thus, CPI systems are gaining interests in most regions of the world lately.
The key factors driving the growth of 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 labour intensive for the most part and additionally because of the lack of subsidies for the CPI systems thus requiring high initial investments. Further, the systems require continuous maintenance and the currency exchange rates are highly unfavourable, thus creating more restraints in the growth of center pivot irrigation systems.
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The Global market for center pivot irrigation systems are classified under field types as large fields, medium field and small fields. The market is segmented by crop type under Cereals & Grains, Oilseeds & Pulses and other Crop Types. Further, based on mobility the market is segmented under stationary and mobile center pivot irrigation systems, and based on component the segmentation is done under Spans, Pivot Points, Drive Trains, Control Panels and Sprinkler Drops. The cereal crops segment accounted for the highest revenue followed by the oilseeds and pulses segment. Intensive growth in cereal crop demands and use of cereal in animal feed and biofuels drive the application of center pivot irrigation systems in cereal crops. When taking field type into consideration, the large field segment accounted for the largest market share in 2015. Center pivot irrigation systems are widely employed in large fields, the reason being high returns of investment and reduced cost per acre. In mobility category, 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. The Global market for Center Pivot Irrigation Systems is dominated by North America, US being the fastest growing and having the highest market share in this region. Europe accounts for the second largest share in Center Pivot Irrigation Systems market. Asia Pacific is expected to show a significant growth rate in the coming years, although being the labour intensive region the increasing need for high yielding crops is anticipated to influence the growth of CPI systems within the region.
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Market Segmentation
Crop type
• Introduction
• Cereals & Grains
• Oilseeds & Pulses
• Other Crop types
• Y-o-Y Growth Analysis, By Crop type
• Market Attractiveness Analysis, By Crop type
• Market Share Analysis, By Crop type
Field size
• Introduction
• Small Fields
• Medium Fields
• Large Fields
• Y-o-Y Growth Analysis, By Field size
• Market Attractiveness Analysis, By Field size
• Market Share Analysis, By Field size
Mobility
• Introduction
• Stationary
• Mobile
• Y-o-Y Growth Analysis, By Mobility
• Market Attractiveness Analysis, By Mobility
• Market Share Analysis, By Mobility
Components
• Introduction
• Spans
• Pivot Points
• Drive Trains
• Control Panels
• Sprinkler Drops
• Y-o-Y Growth Analysis, By Components
• Market Attractiveness Analysis, By Components
• Market Share Analysis, By Components
The Scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms product type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Get the Complete Report & TOC @ https://www.marketdataforecast.com/market-reports/global-center-pivot-irrigation-systems-market-1761/
Center Pivot Irrigation is a method of crop irrigation in which the equipment is made to rotate around a fixed pivot and the crop are watered by the sprinklers. Center Pivot Irrigation System typically uses less water than other irrigation techniques and saves labor costs being less labor intensive. Thus, CPI systems are gaining interests in most regions of the world lately.
The key factors driving the growth of 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 labour intensive for the most part and additionally because of the lack of subsidies for the CPI systems thus requiring high initial investments. Further, the systems require continuous maintenance and the currency exchange rates are highly unfavourable, thus creating more restraints in the growth of center pivot irrigation systems.
Download FREE Sample of this Report @ https://www.marketdataforecast.com/market-reports/global-center-pivot-irrigation-systems-market-1761/request-sample
The Global market for center pivot irrigation systems are classified under field types as large fields, medium field and small fields. The market is segmented by crop type under Cereals & Grains, Oilseeds & Pulses and other Crop Types. Further, based on mobility the market is segmented under stationary and mobile center pivot irrigation systems, and based on component the segmentation is done under Spans, Pivot Points, Drive Trains, Control Panels and Sprinkler Drops. The cereal crops segment accounted for the highest revenue followed by the oilseeds and pulses segment. Intensive growth in cereal crop demands and use of cereal in animal feed and biofuels drive the application of center pivot irrigation systems in cereal crops. When taking field type into consideration, the large field segment accounted for the largest market share in 2015. Center pivot irrigation systems are widely employed in large fields, the reason being high returns of investment and reduced cost per acre. In mobility category, 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. The Global market for Center Pivot Irrigation Systems is dominated by North America, US being the fastest growing and having the highest market share in this region. Europe accounts for the second largest share in Center Pivot Irrigation Systems market. Asia Pacific is expected to show a significant growth rate in the coming years, although being the labour intensive region the increasing need for high yielding crops is anticipated to influence the growth of CPI systems within the region.
Get the Customize Report @ https://www.marketdataforecast.com/market-reports/global-center-pivot-irrigation-systems-market-1761/customize-report
Market Segmentation
Crop type
• Introduction
• Cereals & Grains
• Oilseeds & Pulses
• Other Crop types
• Y-o-Y Growth Analysis, By Crop type
• Market Attractiveness Analysis, By Crop type
• Market Share Analysis, By Crop type
Field size
• Introduction
• Small Fields
• Medium Fields
• Large Fields
• Y-o-Y Growth Analysis, By Field size
• Market Attractiveness Analysis, By Field size
• Market Share Analysis, By Field size
Mobility
• Introduction
• Stationary
• Mobile
• Y-o-Y Growth Analysis, By Mobility
• Market Attractiveness Analysis, By Mobility
• Market Share Analysis, By Mobility
Components
• Introduction
• Spans
• Pivot Points
• Drive Trains
• Control Panels
• Sprinkler Drops
• Y-o-Y Growth Analysis, By Components
• Market Attractiveness Analysis, By Components
• Market Share Analysis, By Components
The Scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms product type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases