Mobile center pivot irrigation system market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The increasing demands for high- and better-quality crops, increasing demand for food, and advancements in technology in the mobile center pivot irrigation system are major factors driving the growth of the global mobile center pivot irrigation system market. The global population has quadrupled over the last century. In 1915, the total population was 1.8 billion across the globe which has increased up to 7.3 billion in 2017 as per UN census data. Further, UN calculations have estimated that it may reach up to 9.7 billion by 2050.
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The global mobile center pivot irrigation system market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, Asia-Pacific is estimated to be the fastest-growing region owing to the rapidly developing agriculture sector in the region. Besides, favourable government policies, rising food demand, presence of key market players, and rise in the demand for advanced farming methods are some of the major factors that contributed towards the fueling of regional market growth. For instance, in February 2022, the Central Government announced to provide subsidy or financial assistance at 55 percent of the indicative unit cost to the farmers and at 45 percent to other cultivators for encouraging them to install Drip and Sprinkler Irrigation systems under the Per Drop More Crop scheme to enhance the coverage. Additionally, some States provide additional incentives or top-up subsidy to reduce farmers’ share for the adoption of Micro Irrigation.
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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Global Mobile Center Pivot Irrigation System Market Report Segment
By Product Type
Pivot Points
Control Panels
Span
Sprinkler Drop
Tower Drive Wheels
Drive Train
By Application
Small Field
Medium Field
Large Field
Global Mobile Center Pivot Irrigation System Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa
The Report Covers
Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global mobile center pivot irrigation system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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