Market Size of Precision Irrigation Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.94 Billion |
| Market Size (2029) | USD 7.47 Billion |
| CAGR (2024 - 2029) | 8.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Precision Irrigation Market Analysis
The Precision Irrigation Market size is estimated at USD 4.94 billion in 2024, and is expected to reach USD 7.47 billion by 2029, growing at a CAGR of 8.60% during the forecast period (2024-2029).
- Water scarcity is a major challenge and this, in turn, becomes the key driver for the use of irrigation systems in the long run. Hence, the need for artificial irrigation has increased to ensure a high crop yield to satiate the growing demand from consumers. The consolidation of farmlands in various parts of the world makes it possible for farmers to invest in expensive irrigation systems such as precision, which drives the market.
- The sprinkler irrigation system is the largest segment due to companies investing in R&D to provide innovative sprinkler systems, able to work in different climatic conditions and reduce labor expenses by about 50%.
- Due to favorable government policies regarding low-interest loans and subsidies for implementing modern and advanced precision irrigation systems, the precision irrigation market is likely to increase quickly in developing markets such as South America and Asia-Pacific in the coming years. Increasing awareness and high adaptability of new technologies in Asia-pacific are driving the growth of the market in that region. Hence, the market is growing at a high rate.
Precision Irrigation Industry Segmentation
Precision irrigation is a unique sustainable agricultural approach that allows the application of water and nutrients to the plant at the right time and place and in small measured doses in order to provide it with optimal growing conditions. The Global Precision Irrigation Market is Segmented by Type (Drip Irrigation, Sprinkler Irrigation, and Other Type), Crop Type (Field Crops, Plantation Crops, Orchards and Vineyards, and Turf and Ornamentals), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market estimation and forecasts in terms of Value in USD Million for all of the above segments.
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Precision Irrigation Market Size Summary
The precision irrigation market is poised for significant growth, driven by the increasing need for efficient water management solutions in agriculture. As water scarcity becomes a pressing issue globally, the demand for advanced irrigation systems that ensure high crop yields is on the rise. The consolidation of farmlands allows farmers to invest in sophisticated systems like precision irrigation, which is further bolstered by favorable government policies offering subsidies and low-interest loans. The market is experiencing robust expansion in regions such as Asia-Pacific and South America, where awareness and adaptability to new technologies are high. The sprinkler irrigation segment leads the market, supported by innovations that reduce labor costs and enhance productivity. Automatic drip irrigation systems are also gaining traction, particularly in greenhouse vegetable production, where they offer precise control over soil moisture and water application.
North America, with the United States at the forefront, is a key region for precision irrigation systems, benefiting from government support and advancements in groundwater technologies. The rising labor costs have further fueled the adoption of these systems, as they significantly reduce the need for manual labor. In Canada, the embrace of modern agricultural practices and new technologies is driving market growth, with cost savings from optimized water and labor usage being a major incentive. The global market is consolidated, with major players like Orbia (Netafim Limited) and Jain Irrigation Systems Limited leading the charge. These companies are expanding their reach through strategic distribution networks and innovative product launches, such as satellite-based software solutions and advanced filtration systems, to enhance irrigation efficiency and productivity.
Precision Irrigation Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitutes
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Sprinkler Irrigation
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2.1.1.1 Traditional Sprinklers
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2.1.1.2 Center Pivot Sprinklers
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2.1.1.3 Lateral Move/ Linear Sprinklers
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2.1.2 Drip Irrigation
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2.1.2.1 Surface Drip Irrigation
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2.1.2.2 Sub-Surface Drip Irrigation
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2.1.2.3 Precision Mobile Drip Irrigation
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2.1.3 Other Types
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2.2 Crop Type
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2.2.1 Field Crops
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2.2.2 Plantation Crops
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2.2.3 Orchards and Vineyards
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2.2.4 Turf And Ornamentals
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Africa
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2.3.5.1 South Africa
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2.3.5.2 Rest of Africa
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Precision Irrigation Market Size FAQs
How big is the Precision Irrigation Market?
The Precision Irrigation Market size is expected to reach USD 4.94 billion in 2024 and grow at a CAGR of 8.60% to reach USD 7.47 billion by 2029.
What is the current Precision Irrigation Market size?
In 2024, the Precision Irrigation Market size is expected to reach USD 4.94 billion.
