Global Precision Irrigation Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Offering;

Solutions, and Services.

By Type;

Sprinkler Irrigation - Traditional Sprinklers, Center Pivot Sprinklers and Lateral Move/ Linear Sprinklers, Drip Irrigation - Surface Drip Irrigation, Sub-Surface Drip Irrigation and Precision Mobile Drip Irrigation, and Others.

By Crop Type;

Field Crops, Plantation Crops, Orchards and Vineyards, and Turf and Ornamentals.

By End User;

Agriculture, Turf & Sport Fields, and Residential.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn403101935 Published Date: December, 2024 Updated Date: January, 2025

Introduction

Global Precision Irrigation Market (USD Million), 2020 - 2030

In the year 2023, the Global Precision Irrigation Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

The global precision irrigation market is witnessing significant growth as the agricultural industry increasingly embraces innovative technologies to optimize water usage, improve crop yields, and ensure sustainable farming practices. Precision irrigation involves the use of advanced technologies, such as sensors, data analytics, and automation, to monitor and control water distribution more efficiently. This approach not only helps farmers conserve water but also reduces costs associated with over-irrigation and under-irrigation, providing a competitive edge in a rapidly evolving agricultural landscape.

The growing global population and the increasing demand for food production are putting immense pressure on water resources. Climate change has further exacerbated the situation, causing unpredictable rainfall patterns and droughts in many parts of the world. As a result, water management has become a key concern for farmers. Precision irrigation offers a solution by enabling farmers to use water in a more targeted and efficient manner, applying it only where and when it is needed. This helps preserve water resources, enhance productivity, and improve the sustainability of farming practices.

Technological advancements in the Internet of Things (IoT), artificial intelligence (AI), and machine learning are driving the growth of the precision irrigation market. IoT-based sensors are capable of collecting real-time data on soil moisture, weather conditions, and plant health, while AI and machine learning algorithms analyze this data to provide actionable insights. These insights guide irrigation systems, allowing for real-time adjustments and ensuring crops receive the optimal amount of water. The integration of these technologies is transforming traditional irrigation systems into more dynamic, data-driven solutions that increase operational efficiency.

The precision irrigation market is also experiencing growth due to the increasing adoption of smart irrigation solutions among farmers. Governments worldwide are encouraging the use of such technologies through policies and incentives aimed at improving water conservation and sustainable agriculture. Additionally, the increasing awareness of environmental issues and the need for climate-smart agriculture are pushing the demand for precision irrigation systems. With continuous innovation and greater adoption of advanced technologies, the global precision irrigation market is expected to continue its expansion, contributing to a more sustainable and resilient agricultural future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Offering
    2. Market Snapshot, By Type
    3. Market Snapshot, By Type
    4. Market Snapshot, By Crop Type
    5. Market Snapshot, By End User
    6. Market Snapshot, By Region
  4. Global Precision Irrigation Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing water scarcity and need for efficient water use
        2. Technological advancements in irrigation systems (e.g., IoT, AI, and sensors)
        3. Government regulations promoting sustainable agricultural practices
      2. Restraints
        1. High initial investment and installation costs
        2. Lack of awareness and training in rural areas
        3. Limited availability of skilled labor for advanced irrigation systems
      3. Opportunities
        1. Growth in smart farming and precision agriculture technologies
        2. Expansion of precision irrigation in developing markets
        3. Integration of renewable energy sources with irrigation systems
        4. Rise of sustainable and eco-friendly farming practices
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competititve Rivalry
  5. Market Segmentation
    1. Global Precision Irrigation Market, By Offering, 2020 - 2030 (USD Million)
      1. Solutions
      2. Services
    2. Global Precision Irrigation Market, By Type, 2020 - 2030 (USD Million)
      1. Sprinkler Irrigation -
        1. Traditional Sprinklers
        2. Center Pivot Sprinklers and Lateral Move/ Linear Sprinklers
      2. Drip Irrigation -
        1. Surface Drip Irrigation
        2. Sub-Surface Drip Irrigation and Precision Mobile Drip Irrigation
      3. Others.
    3. Global Precision Irrigation Market, By Crop Type, 2020 - 2030 (USD Million)
      1. Field Crops
      2. Plantation Crops
      3. Orchards and Vineyards
      4. Turf and Ornamentals
    4. Global Precision Irrigation Market, By End User, 2020 - 2030 (USD Million)
      1. Agriculture
      2. Turf & Sport Fields
      3. Residential
    5. Global Precision Irrigation Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Valmont Industries, Inc.
      2. Hortau
      3. Precision Irrigation Services Pvt. Ltd.
      4. Hunter Industries
      5. Netafim
      6. Precision Lawn Irrigation, Inc.
      7. Trimble Inc.
      8. Aquaspy
      9. CropMetrics
  7. Analyst Views
  8. Future Outlook of the Market