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Rising Agricultural Productivity Fuels Growth In The Center-Pivot Irrigation System Market: A Key Catalyst Accelerating Center Pivot Irrigation System Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Center Pivot Irrigation System Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for center pivot irrigation systems has swiftly expanded in the past few years. The market size is projected to increase from $4.75 billion in 2024 to $5.23 billion in 2025, with a compound annual growth rate (CAGR) of 10.2%. This growth during the historical period can be associated with the expansion of the semiconductor industry, the miniaturization of integrated circuits, advancements in electronic devices, an increase in data storage devices, a boom in consumer electronics, and the globalization of electronics manufacturing.
Center Pivot Irrigation System Market Size Forecast: What's the Projected Valuation by 2029?
The market for center pivot irrigation systems is predicted to experience swift expansion in the forthcoming years, escalating to a value of $8.44 billion in 2029 with a compound annual growth rate (CAGR) of 12.7%. This growth during the forecast period can be linked to the progression in automotive electronics, the rising demand for sophisticated display technologies, enhancements in quantum computing, worldwide investments in the semiconductor sector, and adherence to environmental and safety regulations. Key trends for the forecast period are anticipated to be the advancement in node technology, the rise of three-dimensional Integrated Circuits (3D ICs) and packaging, the inclusion of in-situ metrology, refinements in slurry formulations, collaborative efforts and partnerships, and the integration of artificial intelligence and machine learning.
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What Are the Drivers Transforming the Center Pivot Irrigation System Market?
The increase in agricultural productivity is projected to spur the expansion of the center-pivot irrigation system market. The term refers to an economic performance metric that juxtaposes the volume of goods and services produced with the resources used in their production. Center-pivot irrigation systems can ensure that crops receive adequate water at required levels, fine-tune the height throughout the growth cycle, and subsequently boost crop output. Hence, the upsurge in agricultural productivity amplifies the demand in the center-pivot irrigation system market. For instance, according to the UK's Department for Environment, Food, and Rural Affairs, the total factor productivity (TFP) of the country's agricultural sector witnessed a 3.4% growth from 2021 to 2022, declared in May 2023. Furthermore, the cumulative crop output in the UK experienced a 1.7% hike in 2022, reaching 144.3 from 141.9 the previous year. Given these factors, the escalating requirement for amplified efficiency propels the need for the center-pivot irrigation system within the market.
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What Trends Will Shape the Center Pivot Irrigation System Market Through 2029 and Beyond?
One significant trend gaining traction in the center pivot irrigation systems market is product innovation. To maintain their market presence, major firms are unveiling inventive products. For instance, in July 2022, Valley Irrigation, a center pivot irrigation firm from the US, and Farmers National Company, a nationwide agricultural service provider also based in the US, teamed up to launch the first solar-powered center pivot system. This innovation powers a 7-tower, corner arm machine that aids in reducing energy use in field irrigation. The system harnesses 94% of sunlight and converts it into electricity through a converter. It transfers this from direct current to alternating current within the local power district to Tap into the local power grid, which in turn powers the pivot. The set-up doesn't power the unit, and it would require roughly an acre of solar panels to generate sufficient power. The estimated lifespan of these panels parallels that of the pivot system, to about 20 to 30 years.
Which Segments in the Center Pivot Irrigation System Market Offer the Most Profit Potential?
The center pivot irrigation systemmarket 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 Firms Dominate the Center Pivot Irrigation System Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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
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