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Rising Agricultural Productivity Fuels Growth In The Center-Pivot Irrigation System Market Driver: A Major Catalyst in the Evolution of the Center Pivot Irrigation System Market in 2025
What industry-specific factors are fueling the growth of the center pivot irrigation system market?The anticipated rise in agricultural productivity is predicted to stimulate the expansion of the center-pivot irrigation system market. Agricultural productivity is an economic indicator that contrasts the quantity of produced goods and services (output) with the resources employed to generate them. Center-pivot irrigation has the capacity to supply just the right amount of water and ensures the appropriate hydration for crops, allows for the adjustment of elevation throughout their growth period, and boosts productivity. Consequently, as agricultural productivity rises, so does the demand for center-pivot irrigation systems. For example, the Department for Environment, Food, and Rural Affairs, a government body based in the UK, reported in May 2023 that the total factor productivity (TFP) of the UK's agricultural sector saw a 3.4% rise between 2021 and 2022. Also, in 2022, the overall crop yield in the UK was 144.3, marking a 1.7% increase from 2021's 141.9. Thus, the burgeoning need for improved productivity propels the center-pivot irrigation system market.
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What Is the projected market size and growth rate for the center pivot irrigation system market?
In recent years, there has been a significant increase in the market size of the center pivot irrigation system. This industry, valued at $4.75 billion in 2024, is expected to reach $5.3 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.6%. This past expansion can be credited to the growth of the semiconductor industry, miniaturization of integrated circuits, advancements in electronic devices, increase in data storage devices, a surge in consumer electronics, and the globalization of electronics manufacturing.
Expectations are high for a swift expansion of the center pivot irrigation system market in the upcoming years, with its value predicted to reach $8.68 billion in 2029, thanks to a compound annual growth rate (CAGR) of 13.1%. This growth can be attributed to a variety of influencing factors, ranging from the evolution of automotive electronics and the demand for advanced displays, to the development of quantum computing and significant investments in the global semiconductor industry. Additionally, environmental and safety regulations contribute to this expectation. The forecast period will also witness major trends such as advanced node technology, 3D ICs and packaging, in-situ metrology integration, developments in slurry formulations, collaborations and partnerships as well as the integration of AI and ML.
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What new trends are reshaping the center pivot irrigation system market and its opportunities?
Advancements in product development are emerging as a significant trend within the center pivot irrigation systems market. To maintain their market dominance, key firms are focusing on crafting innovative offerings. As an illustration, in July 2022, two US-based companies - Valley Irrigation, a center pivot irrigation firm, and Farmers National Company, a provider of agricultural services across the nation to landowners - collaborated to unveil the pioneering solar-powered center pivot apparatus. This revolutionary system, powering a 7-tower, corner arm machine, is designed to mitigate energy consumption in field irrigation. It harnesses 94% of the sun's energy, transforming it into electrical power via a converter. This power is then fed directly into the local power grid from direct current to alternating current, which subsequently fuels the pivot. Despite the unit not drawing power from the setup, it would require roughly an acre of solar panels to generate sufficient energy. The estimated durability of these panels parallels that of the pivot system itself, ranging approximately between 20 to 30 years.
What major market segments define the scope and growth of the center pivot irrigation system market?
The center pivot irrigation system market covered in this report is segmented -
1) By Component: Pivot Points, Drive Trains, Sprinkler Drops, Spans, Control Panels, Tower Drive Wheels
2) By Crop Type: Oilseeds And Pulses, Cereals, Other Crop Types
3) By Field Size: Medium Fields, Small Fields, Large Fields
4) By Mobility: Stationary, Mobile
Subsegments:
1) By Pivot Points: Gearbox Assembly, Support Structures, Drive Mechanisms
2) By Drive Trains: Electric Drive Motors, Hydraulic Drive Systems, Gear Drives
3) By Sprinkler Drops: Sprinkler Heads, Drop Tubes, Regulators
4) By Spans: Mainline Spans, End Spans, Corner Spans
5) By Control Panels: Automatic Control Panels, Manual Control Panels, Remote Monitoring Systems
6) By Tower Drive Wheels: Rubber Drive Wheels, Steel Drive Wheels, Traction Wheels
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Which region dominates the center pivot irrigation system market?
North America was the largest region in the center pivot irrigation systems market in 2024. The regions covered in the center pivot irrigation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the center pivot irrigation system industry growth?
Major companies operating in the center pivot irrigation system market include Alkhorayef Group, BAUER GmbH, Driptech India Pvt. Ltd., EPC Industries Ltd., Grupo Fockink, Jain Irrigation Systems Ltd., Lindsay Corporation, Nelson Irrigation Corporation, Netafim Ltd., Pierce Corporation, Premier Irrigation Adritec Pvt. Ltd., Rain Bird Corporation, Rainfine Irrigation Co. Ltd., Reinke Manufacturing Company Inc., 3A Composites, Adritec Group International, Rivulis Irrigation Ltd., T-L Irrigation Company, Cadman Power Equipment Ltd., Ocmis Irrigazione S.p.A., Kifco Inc., Otech S.A.S, Irrigation Direct Inc., Valmont Industries Inc., Galcon Ltd., Irritec SpA, Waterman Industries Inc., Perrot Irrigation Systems KG, The Toro Companyax
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What Is Covered In The Center Pivot Irrigation System Global Market Report?
• Market Size Forecast: Examine the center pivot irrigation system market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the center pivot irrigation system market for a structured understanding.
• Key Players Overview: Analyze major players in the center pivot irrigation system market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the center pivot irrigation system market.
• Segment Contributions: Evaluate how different segments drive overall growth in the center pivot irrigation system market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the center pivot irrigation system market.
• Industry Challenges: Identify potential risks and obstacles affecting the center pivot irrigation system market.
• Competitive Landscape: Review strategic developments in the center pivot irrigation system market, including expansions, agreements, and new product launches.
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