What Fueled The Previous Growth In The Precision Irrigation Market?
The precision irrigation market has seen considerable growth due to a variety of factors.
• In the last few years, the size of the precision irrigation market has seen exponential growth. Anticipated to expand from a value of $9.55 billion in 2024 to $11.13 billion in 2025, the market is expected to experience a compound annual growth rate (CAGR) of 16.6%.
This advancement in the past period is largely due to rising worries over water shortage and drought circumstances, the effects of climate change, the increased use of IoT and AI, enlarging agricultural land holdings, and escalating labor expenses.
How Does the Forecast Look for the Precision Irrigation Market?
The precision irrigation market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the precision irrigation market is anticipated to experience swift expansion. It is projected to reach a valuation of $20.29 billion by 2029, with an impressive compound annual growth rate (CAGR) of 16.2%.
This predicted growth in the forecast period is largely due to factors such as the need to adapt to climate change, increased demand for sustainable farming solutions, the proliferation of intelligent agricultural practices, and increased awareness of water interconnectivity. Significant trends projected for the forecast period include integration with digital farming platforms, improved water management strategies, an alignment with climate-intelligent agricultural practices, optimization of the water-energy nexus, and the incorporation of IoT and sensor technologies.
What Are The Leading Drivers Of Growth In The Precision Irrigation Market?
The surge in demand for agricultural products is poised to catalyze the expansion of the precision irrigation market. Agricultural commodities are those that result from farming or agricultural activities. It is the rising population, evolving dietary habits, biofuel generation, the shift towards urban lifestyles, and alarm over food security that have amplified the demand for these goods. Precision irrigation, used extensively in the agricultural arena, ensures accurate, effective water delivery to crops, harnessing optimum water use, minimizing wastage of water, and enhancing crop yields. As an illustration, Agriculture and Agri-Food Canada, a government agency of Canada, reported in January 2023 that Canada's total grain crop production marked a rise of 34.1% from 2021. Further, during the 2022–23 phase, Canada's wheat output, exempting durum, exhibited a 47% growth over 2021–22, touching 28.4 million metric tons. Consequently, the rising demand from the agricultural sector is fueling the progression of the precision irrigation market.
How Are The Segments Defined Within The Global Precision Irrigation Market?
The precision irrigation market covered in this report is segmented –
1) By Type: Sprinkler Irrigation, Drip Irrigation
2) By Offering: Solutions, Services
3) By End User: Agriculture, Residential, Turf And Sport Fields, Golf Courses, Parks, And Landscapes, Other End Users
Subsegments:
1) By Sprinkler Irrigation: Center Pivot Irrigation, Lateral Move Irrigation, Fixed Sprinkler Systems, Mobile Sprinkler Systems
2) By Drip Irrigation: Surface Drip Irrigation, Subsurface Drip Irrigation, Online Drip Irrigation, Point Source Drip Irrigation
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What New Trends Are Influencing The Precision Irrigation Market?
Leading enterprises functioning in the precision irrigation marketplace are focusing on the development of groundbreaking filtration systems for irrigation, such as AlphaDisc filters, to boost the defense of irrigation systems against blockages caused by organic pollutants. The AlphaDisc filtration framework is an innovative technology that uses unconventional methods, materials, or models to effectively eliminate impurities, pollutants, or particles from fluid. For example, in February 2022, Netafim, a tech firm based in Malaysia, unveiled its advanced AlphaDisc filter, a pioneering filtration system designed to fortify irrigation systems against blockages brought about by organic pollutants. This innovative filter provides superior efficiency, precise depth filtration, considerable dirt-holding capacity, and a hyper-modular model, enabling easy scalability in line with growers' evolving needs. In addition, it boasts high efficiency, substantial dirt-holding capacity, a hyper-modular design, and a smart regulating system. Combined, these features make this filter an indispensable asset for growers, particularly in light of the challenges triggered by declining water quality due to climate change, pollution, and other factors. Ultimately, this contributes to enhancing growing conditions, minimizing the risk of blockages, and boosting crop yields.
Who Are the Key Players In The Precision Irrigation Market?
Major companies operating in the precision irrigation market are:
• Deere & Company
• The Toro Company
• Valmont Industries
• Trimble Navigation Limited
• Netafim Ltd.
• Rain Bird Corporation
• Lindsay Corporation
• Jain Irrigation Systems Ltd.
• Ewing Irrigation & Landscape Supply
• Hunter Industries
• Rivulis Irrigation Ltd.
• Reinke Manufacturing Company Inc.
• T-L Irrigation Co
• Nelson Irrigation Corporation
• Grodan B.V.
• Hydropoint Data Systems Inc.
• Cadman Power Equipment Ltd.
• Signature Control Systems Inc.
• Precision Lawn Irrigation Inc.
• Aquaspy Inc.
• CropMetrics LLC
• Hortau Inc.
• Irrometer Company Inc.
• Mahindra EPC Industries Limited
• AgSmarts Inc.
• Precision Irrigation Services Pvt Ltd
What Is The Most Dominant Region In The Precision Irrigation Market?
North America was the largest region in the precision irrigation market in 2024. The regions covered in the precision irrigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
