According to a new market research report published by Credence Research “Center Pivot Irrigation Systems Market global center pivot irrigation systems market stood at US$1,028.3Mn in 2015and is estimated to expand with a CAGR of 13.0% from 2016 to 2023.
The purpose of the report is to illustrate the state of the market of Center Pivot Irrigation Systems, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2016, and also, to build a forecast for the growth of the industry in the medium term until 2023.
Center pivot irrigation, also called circular irrigation or water wheel, refer to irrigation system comprising various mechanical components such as trusses, spans, towers, drivetrains and others. These systems provide irrigation in a circular pattern rotating around a fixed pivot point. These irrigation systems offer high efficiency and are highly suitable in large landscapes. The market for center pivot irrigation systems is majorly driven by the rising adoption of automation and mechanization in the overall agriculture sector worldwide. In addition, center pivot irrigation systems offer superior water efficiency of up to 90% over conventional irrigation techniques such as sprinkler systems and surface irrigation.
Although drip irrigation is another highly efficient irrigation technique, installing the same across large landscapes/fields becomes a difficult task in terms of cost and maintenance. Center pivot irrigation is quite easy to operate and maintain and provide better return on investment (ROI) in larger application areas. This is another prominent factor boosting the adoption off center pivot irrigation systems over other conventional systems. However, the market is largely hampered due to lack of awareness and relatively high initial costs of these systems.
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- Valmont Industries, Inc.
- Lindsay Corporation
- The Toro Company
- T-L Irrigation Company
- Netafim USA
- Alkhorayef Group
- Reinke Manufacturing Company, Inc.
- Nelson Irrigation Corporation
- Pierce Corporation
- Rainfine (Dalian) Irrigation Co., Ltd.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Center Pivot Irrigation Systems buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
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What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Center Pivot Irrigation Systems contains:
Analysis and forecast of Center Pivot Irrigation Systems market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Center Pivot Irrigation Systems market;
Assessment and forecast of Center Pivot Irrigation Systems market development;
Financial and business profiles of the leading companies in the Center Pivot Irrigation Systems industry.
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– Up to date working Center Pivot Irrigation Systems data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Center Pivot Irrigation Systems for the period 2018 to 2026
– Planned Center Pivot Irrigation Systems additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Center Pivot Irrigation Systems projects by region, key countries, and companies
– Details of major planned Center Pivot Irrigation Systems projects in the world up to 2026
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