Global Precision Irrigation Market Report Forecast By Type (Sprinkler Irrigation, Drip Irrigation, Others), Crop Type (Field Crops, Vegetable corps, Orchard Crops, Vineyards, Other Crops), Application (Agricultural Fields, Landscape and Turf Irrigation, Greenhouse, Residential, Others), Countries and Company Analysis 2024-2032
Buy NowPrecision Irrigation Market Analysis
Global Precision Irrigation Market will reach US$ 14.89 Billion by 2032, up from US$ 6.53 Billion in 2023, with a CAGR of 9.60% between 2024 and 2032. Growing water scarcity, improvements in IoT and sensor technology, the need for more efficient agricultural methods, and government programs supporting sustainable farming are the main factors driving the precision irrigation market. Together, these elements improve agricultural yields, lower operating costs, and promote water conservation, all of which support market expansion.
Precision Irrigation Industry Outlooks
Precision irrigation is a unique sustainable farming method that allows water and nutrients to be applied to the plant in small, calculated doses at the right times and locations to provide it the greatest growing conditions. Not only is precision irrigation the best method for applying water, but it's also the best method for applying fertilizer. Fertilization helps prevent leaching and groundwater pollution by providing nutrients to your soil at the ideal periods to promote the healthiest plant growth.
The primary advantage of irrigation systems for crops is their ability to ensure consistent yields and high-quality products regardless of the seasonal conditions. Not every farmer has the good fortune to live in a humid climate with consistent rainfall and sufficiently moist soil to support crops. Modern technologies enable smallholders to address the issue of proper irrigation. Conventional watering procedures are used to moisten the soil surrounding the fork. This wastes and keeps water, a valuable and finite resource, unusable because the plant draws water through its roots from a certain depth. Water is carefully delivered to the roots of plants using irrigation systems, in an amount determined by the crop's needs.
| Report Features | Details |
|
Base Year |
2023 |
|
Forecast Years |
2024 - 2032 |
|
Historical Years |
2019 - 2023 |
|
Market Size in 2023 |
US$ 6.53 Billion |
|
Market Forecast in 2032 |
US$ 14.89 Billion |
|
Market Growth Rate (2024-2032) |
9.59% |
Driving Forces of Precision Irrigation Market
Water Scarcity
One major factor propelling the precision irrigation market's expansion is the paucity of water. Effective water usage in agriculture becomes critical as the world's water resources are progressively depleted as a result of population expansion, climate change, and over-extraction. Water is wasted a lot while using traditional irrigation techniques because of evaporation, runoff, and overapplication. Precision irrigation technologies, on the other hand, minimize waste and maximize efficiency by directly delivering precisely the right amount of water to plant roots using systems like drip and micro-sprinklers.
In order to mitigate the issue of water shortage, farmers and agricultural enterprises are compelled to implement precision irrigation techniques that maximize water efficiency, guarantee sufficient hydration of crops, and minimize ecological footprint. Furthermore, laws and rules imposed by the government with the intention of protecting water resources frequently encourage the use of these technologies.
Precision irrigation is a crucial part of contemporary, resource-efficient agriculture since it solves the problem of water shortage while also improving crop yields and lowering expenses related to water and fertilizer use.
Technological Advancements boosts the industry growth
The precision irrigation industry is experiencing significant expansion due to technological advancements that are transforming the way water is managed in agriculture. Precision irrigation systems now have considerably more capabilities thanks to advancements in sensor technology, data analytics, and the Internet of Things (IoT).
With the great accuracy that modern sensors can assess soil moisture, weather, and crop health, real-time data is provided that makes it possible to apply water precisely. IoT connection makes it possible to remotely monitor and manage irrigation systems, allowing for automated conditions-based modifications. Complex datasets can be interpreted with the aid of advanced data analytics to optimize irrigation volumes and schedules, increasing productivity and decreasing waste.
Furthermore, advancements in GPS and GIS technologies help by mapping crop requirements and soil variability, which enables irrigation plans tailored to individual sites. These developments save operating costs, increase crop yields, and optimize water use efficiency. Precision irrigation systems become more advanced and affordable as technology advances, spurring market expansion and increased use.
North America Precision Irrigation Market
The main market for precision irrigation systems is North America. With over half of the market, the United States leads the North American market. The United States' irrigated area increased as a result of federal, state, and local water development initiatives as well as advancements in groundwater pumping technology. Farmers around the country have been provided with timely subsidies in the form of loans for agricultural equipment that can be customized with respect to interest rates and payback periods. This has made it easier for even small-scale farmers to purchase irrigation equipment for their farms, which has increased demand for precision irrigation systems.
Since precision irrigation doesn't require a lot of labor, the demand for these systems has surged due to labor costs rising. Hiring workers could result in a 50% rise in irrigation overhead costs. As a result, growers in Mexico rely on precision irrigation systems, which is driving market growth. The unstructured, segregated farming style in Mexico presents a number of issues for farmers, which is why precision irrigation system methods are necessary.
Furthermore, Canada's farmers are highly competent and open to adopting new technologies. As a result, rapid expansion is anticipated in the area. As a result, Canadian agriculture is renowned for its high production and sophisticated methods. The primary drivers of the Canadian market are labor and water utilization efficiencies that result in cost reductions. Precision irrigation is thought to be able to save between 10% and 50% of costs. As a result, throughout the projected period, growing government initiatives and the growing use of irrigation systems for increased productivity will propel market expansion.
Precision Irrigation Company Analysis
The key players in precision irrigation industry are Jain Irrigation Systems Ltd, Lindsay Corporation, The Toro Company and Valmont.
Precision Irrigation Company News
August 2022- In order to help growers better manage their irrigation and water resources and make the most of Rivulis technology, Rivulis Irrigation India Ltd. introduced "Manna," a satellite-based software solution.
June 2022- Having combined their operations, Rivulis Irrigation India Ltd and Jain Irrigation Systems Limited are now among the biggest irrigation system suppliers worldwide.
February 2022- The product, AlphaDisc Filter, was introduced by Netafim Limited to the US market. It guards against organic impurities clogging irrigation systems. It might make it possible for growers to irrigate consistently, which would probably boost yield.
Type – Market breakup in 3 viewpoints:
- Sprinkler Irrigation
- Drip Irrigation
- Others
Crop Type –Market breakup in 5 viewpoints:
- Field Crops
- Vegetable corps
- Orchard Crops
- Vineyards
- Other Crops
Application – Market breakup in 5 viewpoints:
- Agricultural Fields
- Landscape and Turf Irrigation
- Greenhouse
- Residential
- Others
Country – Market breakup in 25 viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- the Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
All the key players have been covered from 5 Viewpoints:
- Overview
- Key Persons
- Product Portfolio
- Recent Development
- Revenue Analysis
Key Players Analysis:
- Jain Irrigation Systems Ltd
- Lindsay Corporation
- The Toro Company
- Valmont
Report Details:
| Report Features | Details |
| Base Year |
2023 |
| Historical Period |
2019 - 2023 |
| Forecast Period |
2024 - 2032 |
| Market |
US$ Billion |
| Segment Covered |
Type, Crop Type, Application and Countries |
| Countries Covered |
|
| Companies Covered |
|
| Customization Scope |
20% Free Customization |
| Post-Sale Analyst Support |
1 Year (52 Weeks) |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Key Questions Answered in This Report:
- What is the current size of the precision irrigation industry?
- What is the projected growth rate of the precision irrigation?
- What are the key factors driving the growth of precision irrigation industry?
- What is the expected market size by 2032?
- Who are the key players in precision irrigation sector?
- Which country holds the largest market share in precision irrigation industry?
Customization Services available
- Analysis of Market Size and Its Segments
- More Company Profiles (Upto 10 without any additional cost):
- Additional Countries (Other than mentioned Countries):
- Region/Country Specific Reports:
- Market Entry Strategy:
- Region-Specific Market Dynamics:
- Regional Market Share Analysis:
- Trade Analysis:
- Production Insights:
- Others Customized Requests:
For more information contact our analysts.
Need More Assistance?
- Talk to our analysts to get more precious information on the current market trends.
- Include more countries and segments and customize the report based on the final requirement.
- Get a competitive advantage in your industry by knowing the report findings and making a positive impact on your revenues and operations.
- Our analysts are always ready to provide more help and pertinent information if you need any additional assistance.
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
4.3 Opportunities
5. Global Precision Irrigation Market
6. Market Share Analysis
6.1 By Type
6.2 By Crop Type
6.3 By Application
6.4 By Countries
7. Type
7.1 Sprinkler Irrigation
7.2 Drip Irrigation
7.3 Others
8. Crop Type
8.1 Field Crops
8.2 Vegetable corps
8.3 Orchard Crops
8.4 Vineyards
8.5 Other Crops
9. Application
9.1 Agricultural Fields
9.2 Landscape and Turf Irrigation
9.3 Greenhouse
9.4 Residential
9.5 Others
10 Countries
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherland
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.3.6 Thailand
10.3.7 Malaysia
10.3.8 Indonesia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 South Africa
10.5.2 Saudi Arabia
10.5.3 UAE
11. Porter’s Five Forces Analysis
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Key Players Analysis
13.1 Jain Irrigation Systems Ltd
13.1.1 Overview
13.1.2 Key Persons
13.1.3 Product Portfolio
13.1.4 Recent Development
13.1.5 Revenue Analysis
13.2 Lindsay Corporation
13.2.1 Overview
13.2.2 Key Persons
13.2.3 Product Portfolio
13.2.4 Recent Development
13.2.5 Revenue Analysis
13.3 The Toro Company
13.3.1 Overview
13.3.2 Key Persons
13.3.3 Product Portfolio
13.3.4 Recent Development
13.3.5 Revenue Analysis
13.4 Valmont
13.4.1 Overview
13.4.2 Key Persons
13.4.3 Product Portfolio
13.4.4 Recent Development
13.4.5 Revenue Analysis
Reach out to us
Call us on
USA: +1-678-302-0700
INDIA: +91-120-421-9822
Drop us an email at
info@renub.com