HOME › Research Insight › The Key Driving Factors of the Center Pivot Irrigation Systems Market Include Shrinking Arable Land, Increasing Area Equipped for Irrigation, and Global Fresh Water Scarcity
The Key Driving Factors of the Center Pivot Irrigation Systems Market Include Shrinking Arable Land, Increasing Area Equipped for Irrigation, and Global Fresh Water Scarcity
The key players in center pivot irrigation market identified include Lindsay Corporation (U.S.), Valmont Industries, Incorporated (U.S.), T-L Irrigation Company (U.S.), Pierce Corporation (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).
The key market players have adopted various growth strategies such as acquisitions, new product developments, and expansion of business operations to meet the high agricultural productivity requirement. The leading players are focusing on expanding its operations in emerging markets and strengthening their R&D capabilities by investing in advanced technology so as to offer a diversified product portfolio for different applications. The key driving factors of the center pivot irrigation systems market include shrinking arable land, increasing area equipped for irrigation, and global fresh water scarcity.
The core strengths of the key players in this market are their new product developments and launches, acquisitions, strategic expansions, and agreements to diversify the business geographically and strategically locate large distribution networks. Market leaders such as Lindsay Corporation, Valmont Industries, Incorporated, Reinke Manufacturing Company, Incorporated, Pierce Corporation, and Bauer GMBH, Roehren- und-Pumpenwork have successfully tapped the potential markets through acquisitions and expansions. The key companies focus on introducing and offering customized center pivot irrigation solutions depending on crops, soil type, agro climatic conditions, field size, and terrain.
Valmont Industries is a pioneer in the field of center pivot irrigation system. The major strategy of the company has been new product launches for addressing the needs of the growers and modernizing irrigation techniques. Valmont has strategically entered into a number of agreements and partnerships that has helped the company to reach a greater number of users and improve its product offerings. It is strategically acquiring companies in the same industry and constantly launching new products to stay ahead of its competitors, for instance, Valmont acquired AgSense (U.S.) which would aid in expanding its offerings in remote monitoring and control technology for agriculture. Valmont’s irrigation business unit, Valley Irrigation, has one of the largest shares in the center pivot irrigation systems market.
Lindsay Corporation is one of the major players in the global center pivot irrigation market. The company, as a part of its strategy, has entered into acquisitions, agreements, and expansion contracts to strengthen its product portfolio and improve its expertise in the field of irrigation systems engineering. The company has been expanding its geographical presence with the help of investments in new plants and expanding its existing manufacturing capacity in various locations around the world. The company’s brand, Zimmatic, under which the center pivot irrigation system is offered, is a well-recognized brand in North America. The company’s agreements and collaborations have helped it to commercialize its products in diverse regions.
Center Pivot Irrigation Systems Market by Crop Type (Cereals and Oilseeds & Pulses), Field Size (Small, Medium, Large), Mobility (Stationary and Mobile), Component (Span, Pivot Points, Drive Train, Control Panel, Sprinkler Drop) - Global Forecast to 2021
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