The Precision Irrigation Market is projected to reach $4.2 billion by 2030.

 


Meticulous Research®, a well-established market research firm, has recently published a detailed report titled ‘Precision Irrigation Market by Offering (Solutions, Services), Irrigation Type (Sprinklers Irrigation, Drip Irrigation, Surface Irrigation), End User (Agriculture, Turf & Sport Fields, Residential), and Geography - Global Forecast to 2030.’ According to this report, the global precision irrigation market is anticipated to reach $4.2 billion by 2030, growing at a CAGR of 11.7% during the forecast period. This growth is being driven by the increasing need for efficient water management in agriculture, the adoption of advanced irrigation technologies to enhance crop yield, and government initiatives supporting water conservation.

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Water scarcity and the demand for sustainable agricultural practices are among the key factors driving the market. Precision irrigation systems provide a solution to optimize water usage, helping farmers meet the challenges of limited water resources and increasing agricultural demands. However, the high costs associated with the initial setup and maintenance of these systems pose a barrier to market growth, especially for smaller farming operations.

Technological advancements in sensor-based systems and automated irrigation controllers are expected to play a pivotal role in the future of the market. These innovations enable more precise control over irrigation processes, making it easier for farmers to manage water distribution based on real-time data. Despite these technological advancements, connectivity issues, particularly in rural areas, remain a significant challenge, limiting the adoption of precision irrigation systems in regions where they are needed most.

By offering, the market is segmented into solutions (including hardware and software) and services. In 2024, the solutions segment is expected to dominate the precision irrigation market, largely due to the increasing adoption of technology-driven solutions that offer data insights on soil moisture, crop health, and weather conditions. These solutions are becoming more popular among large-scale farms, as they help reduce water and labor costs while improving crop quality.

The solutions segment is also projected to experience the highest CAGR over the forecast period. The growing reliance on data-driven decision-making in agriculture is contributing to the adoption of these systems, particularly in regions where water conservation is a critical concern. Solutions that provide real-time analytics and monitoring tools will continue to drive demand in the market.

In terms of irrigation types, the market is segmented into surface irrigation, sprinkler irrigation, drip irrigation, and center pivot irrigation. Sprinkler irrigation is expected to hold the largest market share by 2024, driven by its cost-effectiveness and high efficiency in water distribution. The growing need to protect crops from extreme weather conditions and to ensure the success of high-value crops such as coffee and orchards is also contributing to the popularity of sprinklers.

Furthermore, the sprinkler irrigation segment is projected to register the highest CAGR during the forecast period. Farmers are increasingly adopting sprinkler systems for their ability to evenly distribute water across large areas, making them suitable for a wide variety of crop types and climatic conditions.

The report also breaks down the market by end users, with the agriculture sector expected to dominate by 2024. Precision irrigation systems are increasingly being used in agriculture to enhance water use efficiency and improve crop yields. These systems allow farmers to target water application precisely, minimizing waste and maximizing productivity. The agriculture sector’s dominance is driven by the growing global demand for food and the need for more sustainable farming practices.

While agriculture remains the primary market for precision irrigation, other end-user segments, such as residential areas, parks, and sports fields, are also experiencing growth. However, the need to optimize agricultural productivity remains the biggest driver for precision irrigation technology, as farmers are looking for ways to use water more efficiently and reduce their environmental impact.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Among these regions, Asia-Pacific is expected to account for the largest market share by 2024. The region’s growing population and increasing demand for agricultural products are pushing farmers to adopt more efficient irrigation technologies. Additionally, government initiatives aimed at promoting water conservation and sustainable farming practices are further supporting market growth in this region.

The Asia-Pacific region is also projected to register the highest CAGR during the forecast period. Countries such as China and India are seeing rapid advancements in agricultural technology, leading to greater adoption of precision irrigation systems. As these countries continue to focus on improving agricultural productivity, precision irrigation will play a critical role in ensuring food security for their growing populations.

Key Players:

The key players operating in the precision irrigation market include Netafim Limited (Israel) (A Subsidiary of Orbia Advance Corporation, S.A.B. de C.V.), 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).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/veterinary-ultrasound-market-5425

Key questions answered in the report.

  • Which are the high-growth market segments based on offering, irrigation type, end user, and geography?
  • What was the historical market for precision irrigation?
  • What are the market forecasts and estimates for the period 2024–2030?
  • What are the major drivers, restraints, opportunities, challenges, and trends in the precision irrigation market?
  • Who are the major players, and what shares do they hold in the precision irrigation market?
  • What is the competitive landscape like in the precision irrigation market?
  • What are the recent developments in the precision irrigation market?
  • What are the different strategies adopted by the major players in the precision irrigation market?
  • What are the key geographic trends, and which are the high-growth countries?
  • Who are the local emerging players in the precision irrigation market, and how do they compete with the other players?

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