The growth of the global center pivot irrigation system market is contributed to the rising need for high- and better-quality crops, increasing demand for food, and technological advancement in the crop irrigation systems. Increasing demand for food will impact the growth of the market significantly as the productivity of existing land can be enhanced by using fertilizer and new irrigation techniques, thus leading to the market growth. Moreover, the benefits offered by a center pivot irrigation system are driving its demand across the globe. A center-pivot irrigation system is capable to apply a prescribed volume of water to match the water requirement of the crop that reduces the possibility for surface runoff or deep percolation.
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Application of center pivot irrigation systems for irrigation purpose has improved the efficiency of the irrigation to a large extent. Further, due to the automation of the system, it requires a lower workforce as compared to surface irrigation. Additionally, it provides opportunities for fertigation as these systems can be used to apply herbicides and pesticides to the crops. The growth of global center pivot irrigation system market is attributed to advancements in technologies and increment of market players competing in this market. The core strength of major players in this market includes new product developments and launches.
Additionally, mergers and acquisitions, strategic expansions, and agreements to diversify the business geographically and strategically are preferred to locate large distribution networks. Market players such as Valmont Industries, Lindsey Corporation, Pierce Corporation, Reinke Manufacturing Company, Bauer GmbH, and Alkhorayef Group have successfully tapped the market through acquisition and expansion. The focus of companies for introduction and offering of customized center pivot irrigation solution depends on crops, soil-type, agro-climatic conditions, field size, and terrain.
Valmont Industries, a pioneer in the field of center pivot irrigation system focuses on the strategy of launching new products for modernizing irrigation techniques to address the needs of the growers. The company has entered into several strategic agreements and partnerships to make improvements in its product offering and to reach a greater number of users as well. It is strategically acquiring companies of the same industry and is constantly making new product launches to stay ahead of its competitors. For instance, Valmont entered in partnership with Prospera Technologies Inc., a machine vision and artificial intelligence (AI) company of Israel to provide growers with autonomous crop management solutions. Further, Valmont has acquired AgSense, of the US for the expansion of its offerings in remote monitoring and control technology for agriculture.
Lindsay Corp. is another key player in the global center pivot irrigation system market. To strengthen the diversified product portfolio and to improve expertise in the field of irrigation system engineering the company has entered into several agreements and acquisitions. For instance, in June 2018, Lindsay Corporation has struck a partnership with Farmers Edge to provide farmers with a simple solution to easily access field-centric data that make them able to make informed decisions.
Global Center Pivot Irrigation System Market Segmentation
By Mobility Type
By Crop Type
Global Center Pivot Irrigation System Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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