The precision irrigation market is forecasted to reach $4.2 billion by 2030

 

Meticulous Research®, a leading global market research firm, has published a comprehensive study titled 'Precision Irrigation Market.' This report covers offerings (solutions, services), irrigation types (sprinklers, drip, surface), end users (agriculture, turf & sport fields, residential), and global forecasts up to 2030.

According to the latest findings, the precision irrigation market is projected to reach $4.2 billion by 2030, growing at a CAGR of 11.7%. Key growth drivers include the increasing focus on water efficiency and conservation, widespread adoption of precision irrigation to improve crop yield and quality, and government support through policies and subsidies such as low-interest loans for precision irrigation systems. However, challenges like high initial costs and ongoing maintenance of hardware, software, and infrastructure are limiting factors. Nonetheless, investments in sensor-based technologies and automated irrigation controls are expected to open up new growth opportunities. Challenges persist, particularly in rural areas with connectivity issues hindering implementation. Notable trends include the integration of machine learning and artificial intelligence in precision irrigation technologies.

The precision irrigation market is segmented by offerings (software, hardware, services), types of irrigation (surface, sprinklers, drip, center pivot, others), end users (agriculture - including field crops, orchards, vineyards, greenhouse applications - residential, turf and sports fields, golf courses, parks, landscapes, other sectors), and geographical regions. The report includes competitive analysis at regional and national levels.

Based on offering, In the precision irrigation market, the main segments comprise solutions and services. By 2023, the solutions segment is expected to dominate, fueled by rising adoption of precision irrigation solutions aimed at enhancing crop yield and quality. Key drivers include increased environmental awareness among farmers, expansion of large-scale farming operations, and the need to conserve water, energy, and labor costs. Advancements in data-driven insights on soil moisture and weather conditions further bolster this segment. Moreover, it is projected to achieve the highest compound annual growth rate (CAGR) throughout the forecast period.

Based on irrigation type, In the precision irrigation market, irrigation methods encompass surface irrigation, sprinkler irrigation, drip irrigation, center pivot irrigation, and other variants. By 2023, the sprinkler irrigation segment is poised to lead the market. This prominence stems from rising demand for economical irrigation solutions, effective water distribution owing to uniformity, the need to protect crops from heat stress, and the increasing adoption of sprinkler systems in high-value crops such as coffee, cardamom, and orchards. Moreover, this segment is projected to achieve the highest compound annual growth rate (CAGR) throughout the forecast period.

Based on end user, The precision irrigation market comprises various segments, including agriculture, residential areas, turf and sports fields, golf courses, parks, landscapes, and other user groups. By 2023, the agriculture segment is anticipated to command the largest share of the precision irrigation market. This dominance is fueled by increasing efforts to boost efficiency and productivity through optimal use of resources such as water and fertilizer. Additionally, initiatives aimed at minimizing soil erosion and water pollution to reduce environmental impact contribute to the segment's growth. There is also growing demand for precise water application in agriculture to support crop growth, maintain landscapes, and restore soil health. Furthermore, the agriculture segment is expected to achieve the highest compound annual growth rate (CAGR) during the forecast period.

Based on geography, The precision irrigation market is categorized into regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. By 2023, Asia-Pacific is expected to lead the precision irrigation market. This leadership is driven by several factors: the pressing need to improve crop yields and meet growing demands for agricultural products, government initiatives promoting sustainable agricultural practices and water conservation, advancements in agricultural technology within the region, and diverse climatic conditions conducive to the adoption of precision irrigation for efficient water management and crop cultivation. Additionally, Asia-Pacific is projected to experience the highest compound annual growth rate (CAGR) throughout the forecast period.

Key Players:

Major players in the precision irrigation market include Netafim Limited, a subsidiary of Orbia Advance Corporation, S.A.B. de C.V. (Israel), Deere & Company (U.S.), Jain Irrigation Systems Ltd. (India), Lindsay Corporation (U.S.), Nelson Irrigation Corporation (U.S.), Saturas Ltd. (Israel), The Toro Company (U.S.), Valmont Industries Inc. (U.S.), T-L Irrigation Co. (U.S.), Viridix Ltd. (Israel), Mahindra EPC Irrigation Limited (India), Chinadrip Irrigation Equipment Co. Ltd. (China), Libelium Comunicaciones Distribuidas S.L. (Spain), CropX Technologies Ltd. (Australia), and ONDO (Balkans).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5748

Key questions answered in the report.

·  Which segments demonstrate high growth potential in terms of offerings, types of irrigation, end users, and geographical regions?

·  What was the historical performance of the precision irrigation market?

·  What are the market forecasts and projections for the period from 2023 to 2030?

·  What are the primary drivers, limitations, opportunities, challenges, and emerging trends influencing the precision irrigation market?

·  Who are the leading players in the precision irrigation market, and what market shares do they hold?

·  What does the competitive landscape look like within the precision irrigation market?

·  What recent developments have occurred in the precision irrigation market?

·  What strategies have major players adopted in the precision irrigation market?

·  What are the notable geographic trends, and which countries are experiencing significant growth?

·  Who are the emerging local players in the precision irrigation market, and how do they compete with established companies?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

 

Comments

Post a Comment

Popular posts from this blog

The Power Players: 15 Influencing Micro-mobility Market Growth

  The newly published research report on   Micro-mobility Market Report   provides an in-depth comprehension of a rapidly growing market. It offers an extensive market outlook, covering all the major aspects such as Micro-mobility market share, size, trends, projected growth rate, and sales channels. Also, it examines the challenges, opportunities, and prospects for the market. An in-depth analysis of all the major market segments and regions has been provided in the report. Pictorial representations such as tables, graphs, and charts have also been used to help readers comprehend the information easily. Both quantitative and qualitative research methodologies have been used in the study to provide an in-depth market comprehension. It covers crucial information on supply chain challenges and how businesses can deal with them. The research report is a vital resource for stakeholders, investors, and anyone looking to develop effective marketing strategies and stay ahead of ...
Read more

Europe EV Battery Market - Opportunity Analysis And Industry Forecast (2022-2029)

  Meticulous Research®, a prominent market research firm, released a report titled " Europe EV Batteries Market  by Type (Li-ion, Ni-MH, SLA, Ultracapacitors, Solid-state Batteries), Capacity (<50 kWh, 51-100 kWh, 101-300 kWh, >300 kWh), Bonding Type (Wire, Laser), Form, Application, End User, and Country - Forecast to 2029" . The European EV battery market is projected to expand at a compound annual growth rate (CAGR) of 45.8% from 2022, reaching $94.41 billion by 2029 . This growth is primarily fueled by the rising global adoption of electric vehicles, falling battery prices, and the increasing localization of battery production. Additionally, the expanding use of battery-as-a-service presents lucrative growth opportunities for market participants. However, the market's growth may be somewhat hindered by a potential shortage in lithium mining capacity. Additionally, safety concerns related to EV batteries pose a significant challenge to the expansion of t...
Read more

Ventilators Market to be Worth $13.23 Billion by 2031

  Meticulous Research®, a prominent market research firm, released a report titled, ‘ Ventilators Market by Product (Instrument, Catheter, Mask, Tube) Mobility (Intensive Care, Portable) Interface (Invasive, Non-invasive) Age Group (Adult, Neonatal) Mode (Volume, Pressure, Dual) End User (Hospital, ASC, Home Care) – Global Forecast to 2031’. Meticulous Research® predicts that the ventilators market will expand to $13.23 billion by 2031 , growing at a compound annual growth rate (CAGR) of 8.3% between 2024 and 2031. This growth is fuelled by several factors, including the increased availability of intensive care units (ICUs) and ICU beds, higher rates of respiratory diseases, urbanization leading to increased pollution, a growing elderly population, and more instances of preterm births. Nonetheless, obstacles such as the expensive nature of ventilators and the preference for alternative oxygenation therapies hinder market advancement. Rising demand for therapeutic devices for ho...
Read more