Precision Irrigation Market Expected to Reach $4.2 Billion by 2030
Meticulous Research®—a leading global market research firm—has published a new 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." The Precision Irrigation Market is expected to reach $4.2 billion by 2030 , growing at a CAGR of 11.7% throughout the forecast period. The market's expansion is driven by the increasing need for water efficiency and conservation, the rising adoption of precision irrigation to boost crop yield and quality, and supportive government policies and subsidies for implementing precision irrigation systems. Nevertheless, high initial costs and maintenance requirements for hardware, software, and infrastructure pose challenges to market growth. Additionally, growing investments in sensor-based systems and automated irrigation controllers a...