The Center Pivot Irrigation System Global Market Report 2023, provides comprehensive information on the center pivot irrigation system market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Center Pivot Irrigation System Market’s Growth:
As per The Business Research Company’s Center Pivot Irrigation System Global Market Report 2023, the global center pivot irrigation systems market size is expected to grow from $3.84 billion in 2022 to $4.28 billion in 2023 at a compound annual growth rate (CAGR) of 11.45%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global center pivot irrigation systems market size is expected to reach $6.72 billion in 2027 at a CAGR of 11.92%.
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Product innovations are a key trend gaining popularity in the center pivot irrigation systems market. Major companies operating in the market are introducing innovative products to sustain their position in the center-pivot irrigation systems market. For instance, in July 2022, Valley Irrigation, a US-based center pivot irrigation company, and Farmers National Company, a US-based company that provides agricultural services nationwide to landowners partnered and launched the first solar-powered center pivot system, which provides power to a 7-tower, corner arm machine to help offset energy consumption to irrigate the field. The system captures and converts 94 percent of the sun’s rays into electricity via a converter and dumps it from direct current to alternating current within the local power district, so it feeds directly into the local power grid, and then that loops through and powers the pivot. The unit isn’t powered by the set-up and would take about an acre of solar panels to provide enough power, and the lifespan of the panels is about 20 to 30 years, the same as the pivot system.
The center pivot irrigation system market 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
North America was the largest region in the center pivot irrigation system market in 2022.
The table of contents in TBRC’s center pivot irrigation system market report includes:
1. Executive Summary
2. Center Pivot Irrigation System Market Characteristics
3. Center Pivot Irrigation System Market Trends And Strategies
4. Center Pivot Irrigation System Market – Macro Economic Scenario
5. Center Pivot Irrigation System Market Size And Growth
…
27. Center Pivot Irrigation System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Center Pivot Irrigation System Market
29. Center Pivot Irrigation System Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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