Precision Irrigation Market Projected to Reach $4.2 Billion by 2030

Meticulous Research®, a global leader in market intelligence, recently released a report titled, “Precision Irrigation Market by Offering (Solutions, Services), Irrigation Type (Sprinkler Irrigation, Drip Irrigation, Surface Irrigation), End User (Agriculture, Turf & Sports Fields, Residential), and Geography – Global Forecast to 2030.”

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According to this latest analysis by Meticulous Research®, the precision irrigation market is projected to grow to $4.2 billion by 2030, registering a CAGR of 11.7% over the forecast period. Market expansion is fueled by the increasing need for water efficiency and conservation, the rising adoption of precision irrigation for enhanced crop yield and quality, and government policies promoting low-interest loans for precision irrigation systems. Despite this, high initial setup costs and ongoing maintenance requirements are notable barriers to market growth. However, investments in sensor-based systems and automated controllers present substantial growth opportunities. Connectivity limitations in rural areas, however, remain a critical challenge. Key market trends include the growing integration of machine learning and artificial intelligence within precision irrigation solutions.

The report segments the market by offering (solutions—software and hardware—and services), irrigation type (surface, sprinkler, drip, center pivot, and other irrigation methods), end user (including agriculture, residential, turf and sports fields, golf courses, parks, landscapes, and other areas), and geography. Additionally, the study analyzes key industry players and examines the market on both regional and country levels.

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Within the offering category, the solutions segment is anticipated to hold the largest market share in 2024, attributed to the growing adoption of precision solutions aimed at boosting crop quality and yield, increasing environmental awareness, expanding large-scale farming, and the need for water, energy, and labor savings. Solutions in this segment are also expected to exhibit the highest CAGR during the forecast period.

In terms of irrigation type, sprinkler irrigation is projected to dominate in 2024, driven by the demand for cost-effective irrigation, high efficiency from uniform water distribution, the need for crop protection in high-temperature environments, and its increasing use in valuable plantations such as coffee, cardamom, and orchards. This segment is also expected to grow at the highest CAGR throughout the forecast period.

For end users, the agriculture sector is anticipated to represent the largest share in 2024. This is due to the sector’s focus on improving efficiency and productivity by optimizing water and fertilizer usage, reducing environmental impact, and addressing the need to sustain crops, maintain landscapes, and revitalize disturbed soils. The agriculture segment is also projected to see the highest growth rate.

Regionally, Asia-Pacific is expected to lead the market in 2024, with significant growth attributed to the rising demand for maximizing crop yields, governmental support for sustainable agriculture and water conservation, technological advancements, and the diverse climates encouraging the adoption of precision irrigation to enhance water use and crop management efficiency. This region is also forecasted to experience the highest CAGR over the study period.

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).

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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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