The center pivot irrigation systems market is projected to grow at a CAGR of 14.9% from 2016 to 2021, to reach a projected value of USD 1,734.4 Million by 2021. Center pivot irrigation systems are gaining significance because unirrigated lands are being converted into mechanized irrigation, shrinking arable land, and higher production as compared to rain-fed crops.
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Cereals accounted for the largest share for the application of center pivot irrigation systems in 2015. Under this category, corn and wheat contributed the major share for the usage of center pivot irrigation systems. Cereals contributed majorly to the high market share of this segment, primarily due to the demand for cereals by increasing population and its use in animal feed. Oilseeds & pulses accounted for the second largest share in 2015. Soybean and cotton plantations under this category contributed majorly to the high market share of this segment.
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North America accounted for the largest market share for center pivot irrigation systems, U.S. being the fastest growing and having the largest market share in this region from 2016 to 2021. There is shifting of cropland to larger farms as better financial returns are realized through larger crop farms. Europe is projected to be the second-largest market for the period considered for this study. The Rest of World (RoW) region is projected to grow at the highest CAGR between the forecast period 2016–2021. The development of corporate farming in African and Middle Eastern countries is a major market driver in these regions.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Lindsay Corporation (U.S.), Valmont Industries, Incorporated (U.S.), T-L Irrigation Company (U.S.), Alkhorayef Group (Saudi Arabia), Reinke Manufacturing Company, Incorporated (U.S.), Rainfine (Dalian) Irrigation Company, Limited (China), Bauer GmbH, Roehren- und-Pumpenwork (Austria), and Grupo Fockink (Brazil).
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