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(MoneyNewsWire.Net, July 19, 2017 ) Market Data Forecast recently published a report on the “North America Center Pivot Irrigation Market” which estimates the market to grow from USD 319 million from 2016 to USD 624 million by 2021 with a high CAGR of 14.31%.
Center pivot irrigation system is a method of crop irrigation system which involves rotation of equipment around a pivot and watering of crops with the help of sprinklers. The circular portion centered on the pivot is irrigated by creation of circular patterns in the crops.
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To give an idea in depth, center pivot irrigation is a type of overhead sprinkler irrigation comprising of various segmented pipes joined together which is supported by wheeled towers all through its length. This machine moves in circular motion and water is fed through the pivot point at the center of the circle. The best merit of this system of irrigation is that it uses less water in comparison with other surface irrigation systems. . Internationally, most of the industrialized nations are spending a huge part of their GDP on improving agricultural technology.
The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Few factors analysed in the section are less labor requirement, reduction in cost of irrigation, increase in the size of fields and economical system of irrigation.
The products are segmented based on crop type, field size, mobility and components are studied for a deep-level understanding of the Center Pivot Irrigation market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
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Based on Crop Type:
• Cereals & Grains
• Oilseeds & Pulses
• Other Crop types
Based on Field Size:
• Small Fields
• Medium Fields
• Large Fields
Based on Mobility:
• Stationary
• Mobile
Based on Components:
• Spans
• Pivot Points
• Drive Trains
• Control Panels
• Sprinkler Drops
North American Market is studied in geographic perspective by segregating the market shares between USA and Canada. The study identifies USA as the predominant market in the North American region and it holds well in the Global Market too.
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As per the report, companies like T-L Irrigation Company, Netafim Limited, RoEhren- Und Pumpenwerk, Lindsay Corporation, Valmont Industries, Alkhorayef Group and Reinke Manufacturing Company Inc. are contributing a fair share to the North American Center Pivot Irrigation Market. However, due to advancements in the technology and improvements being made for high quality agricultural products there is an intense competition among the players in the market.
Scope of the North America Center Pivot Irrigation Market:
• Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region
• To detect major focus areas of industrial growth Segment-level analysis on basis of crop type, field size, mobility, components along with market size forecasts and y-o-y estimations are provided
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
• An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
• Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Agrochemicals Segment:
North America Bioherbicides Market: http://www.marketdataforecast.com/market-reports/north-america-bioherbicides-market-1833/
About Market Data Forecast:
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well.
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