Center Pivot Irrigation Systems Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

Description

Center Pivot Irrigation Systems Market size was estimated at USD 1,134.8 Mn in 2021, growing at a CAGR of 15.2% during the forecast period 2022-2028. Center pivot irrigation is known as central pivot irrigation or circle irrigation or waterwheel irrigation. Center pivot irrigation method is crop irrigation method in which an equipment is rotated around the pivot by watering the crops with the help of sprinklers. Earlier, most of the center pivot systems are water powered while currently most of them are propelled by electric motors. Center pivot irrigation system was invented by Farmer Frank Zybach from Colorado in 1940. Center pivot irrigation system was recognized as most preferable method of enhancing distribution of water to the whole crop in the fields. Center Pivot Irrigation is a crop irrigation system in which the crop is irrigated by sprinklers while the equipment revolves around a fixed pivot. The Center Pivot Irrigation System utilises less water and requires less labour than other irrigation systems. As a result, CPI systems have lately gained favour in most parts of the world. Efficiency in water resource usage in droughts, rising demands for high yielding and better quality crops, technological advancements in CPI systems, and high returns on investments as compared to alternative irrigation systems are all factors influencing the growth of the centre pivot irrigation systems market. North-America got significant share in global market. The Global Center Pivot Irrigation Systems Market Report tracks recent innovations, key developments and startup’s details that are actively working in the market.

Key Development:

In Apr 2021, Valley acquired PivoTrac. As the market leader, this acquisition furthers technological strategy and strengthens leading position by bringing the total number of connected agricultural equipment to over 123,000, the highest in the irrigation business.

In Mar 2020, Valley Irrigation introduced Valley 365, a new single-source platform for linked crop management. Valley 365 combines the greatest aspects of previous Valley technology into a single, easy-to-use interface for complete connected crop management with a single sign-on. It’s a true command center that connects producers to their fields, with functionality from important products like AgSense, Valley Scheduling, Valley Variable Rate Irrigation (VRI), and Valley Insights.