Precision Irrigation Market Report 2024 (Global Edition)

Global Precision Irrigation Market Report 2024 Market Size Split by Type (Drip Irrigation, Sprinkler Irrigation, Other Type), by Crop Type (Field Crops, Plantation Crops, Orchards and Vineyards, Turf ...

Precision Irrigation Market Report Description

We have various report editions of Precision Irrigation Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Precision Irrigation Market Insights Video

Competitive Landscape of the Precision Irrigation Market

The competitive landscape of the Precision Irrigation Market features key players like Netafim, Rain Bird Corporation, Jain Irrigation Systems, and Hunter Industries. These companies are investing in innovative technologies, such as smart sensors and automation, to enhance water efficiency and optimize crop yield. The market is characterized by strategic partnerships, mergers, and acquisitions to expand product offerings and geographical reach. Additionally, the rise of sustainable farming practices is driving competition, as companies focus on environmentally friendly solutions. Emerging players and regional companies also contribute to the market dynamics, fostering innovation and competitive pricing strategies.

In April 2023, Rain Bird Corporation collaborated with Flume to develop next-generation water management and data solutions. (Source: https://www.rainbird.com/corporate/press-releases/rain-bird-corporation-and-flume-partner-next-gen-water-management-and-data) In February 2022, CALSENSE introduced Irrigation Management as a Service (IMaaS), a unique approach to irrigation management that eliminates the need for customers to secure funding for purchasing smart irrigation controllers, sensors, and software. (Source: https://www.calsense.com/2022/02/28/press-release-imaas/) In May 2022, HUNTER INDUSTRIES launched a 12-inch eco-indicator, which provides improved visibility from a distance. This eco-indicator simplifies the process of verifying system operation remotely and includes a visual signal indicating when the system is pressurized and operational. Its elevated height allows for a clear view over tall shrubs, flowers, and grasses. (Source: https://www.hunterindustries.com/en-metric/news/30-cm-eco-indicator-offers-greater-visibility-distance)

Top Companies Market Share in Precision Irrigation Industry: (In no particular order of Rank)

• 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)
• ONDO (Balkans).
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Precision Irrigation Market

Which Region Dominates the Precision Irrigation Market in 2024?

According to Cognitive Market Research, North America is poised to dominate the Precision Irrigation Market, driven by advanced agricultural practices and significant investments in innovative irrigation technologies. The presence of major manufacturers and research institutions fosters a strong environment for product development and adoption. In particular, states like California showcase extensive implementation of precision irrigation systems due to water scarcity concerns, enhancing efficiency and sustainability. Government initiatives promoting water conservation further bolster market growth. The increasing emphasis on optimizing crop yield while minimizing resource usage solidifies North America's leading position in the global precision irrigation landscape.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is projected to experience the fastest growth rate in the Precision Irrigation Market, propelled by rising population and the consequent demand for enhanced agricultural productivity. Countries such as India and China are increasingly adopting advanced irrigation solutions to address water scarcity and food security challenges. Government initiatives aimed at modernizing agriculture and promoting sustainable practices further support this expansion. The growing awareness of precision agriculture's benefits among farmers, combined with favorable climatic conditions for various crops, contributes to this region's dynamic growth. Investments in agricultural technology and infrastructure improvements are expected to drive the region's rapid adoption of precision irrigation systems.

The current report Scope analyzes Precision Irrigation Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Precision Irrigation

According to Cognitive Market Research, the global Precision Irrigation Market size was estimated at USD 5124.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2049.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Precision Irrigation Market with a market size of USD 1617.20 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Technological advancements in agriculture and increasing focus on water conservation drive market growth.
• The Canada Precision Irrigation Market had a market share of USD 245.96 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Government incentives for sustainable farming practices and innovations in irrigation technologies fuel adoption.
• The Mexico Precision Irrigation Market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 186.52 million in 2024.

Europe Precision Irrigation

According to Cognitive Market Research, the global Precision Irrigation Market size was estimated at USD 5124.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1537.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2031.

• The United Kingdom Precision Irrigation Market had a market share of USD 258.26 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. Strong emphasis on environmental sustainability and regulatory compliance promotes precision irrigation solutions.
• The France Precision Irrigation Market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 141.43 million in 2024.
• According to Cognitive Market Research, the German Precision Irrigation Market size was valued at USD 304.38 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. High agricultural productivity demands and advanced research in irrigation technology stimulate market expansion.
• The Italy Precision Irrigation Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 132.20million in 2024.
• The Russia Precision Irrigation Market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 238.28 million in 2024.
• The Spain Precision Irrigation Market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD 126.06 million in 2024
• The Luxembourg Precision Irrigation Market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 47.66 million in 2024.
• The Portugal Precision Irrigation Market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 32.28 million in 2024.
• The Greece Precision Irrigation Market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 18.45 million in 2024.
• The Rest of Europe's Precision Irrigation Market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 238.28 million in 2024.

Asia Pacific Precision Irrigation

According to Cognitive Market Research, the global Precision Irrigation Market size was estimated at USD 5124.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1178.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Precision Irrigation Market size was valued at USD 530.35 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. Rapid urbanization and rising agricultural demands lead to significant investments in efficient irrigation systems.
• The Japan Precision Irrigation Market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 162.64 million in 2024.
• The India Precision Irrigation Market had a market share of USD 141.43 million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. Water scarcity issues and government initiatives supporting modern irrigation practices boost market growth.
• The South Korean Precision Irrigation Market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 117.86 million in 2024.
• The Australian Precision Irrigation Market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 61.29 million in 2024.
• The South East Asia Precision Irrigation Market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 81.32 million in 2024.
• The Rest of Asia Pacific Precision Irrigation Market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 83.68 million in 2024.

South America Precision Irrigation

According to Cognitive Market Research, the global Precision Irrigation Market size was estimated at USD 5124.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 256.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Precision Irrigation Market size was valued at USD 109.66 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. Agricultural diversification and increasing consumer demand for sustainable produce drive precision irrigation adoption.
• Argentina's Precision Irrigation Market had a market share of USD 43.04 million in 2024 and is projected to grow at a CAGR of 9.1% during the forecast period. Focus on enhancing crop yields and resource management encourages the use of advanced irrigation technologies.
• Colombia Precision Irrigation Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 22.80 million in 2024.
• Peru Precision Irrigation Market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 21.01 million in 2024.
• Chile Precision Irrigation Market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 1.69 million in 2024.
• The Rest of Latin America's Precision Irrigation Market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 18.45 million in 2024.

Middle East and Africa Precision Irrigation

According to Cognitive Market Research, the global Precision Irrigation Market size was estimated at USD 5124.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 102.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031..

• The GCC Countries Precision Irrigation Market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 43.86 million in 2024. Extreme water scarcity and investment in smart agriculture technologies promote precision irrigation growth.
• The Egypt Precision Irrigation Market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 10.76 million in 2024.
• The South Africa Precision Irrigation Market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 16.19 million in 2024. Climate variability challenges and the need for sustainable agricultural practices stimulate market adoption.
• The Turkey Precision Irrigation Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 8.81 million in 2024.
• The Nigeria Precision Irrigation Market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 10.76 million in 2024.
• The Rest of the MEA Precision Irrigation Market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 12.09 million in 2024.

Precision Irrigation Market Analysis

Precision Irrigation Market Type Segment Analysis

According to Cognitive Market Research, Drip irrigation commands a significant share of the precision irrigation market, primarily attributed to its unparalleled water efficiency and targeted delivery system. This technology minimizes water waste by delivering moisture directly to the plant roots, thus optimizing nutrient uptake and fostering healthier crop yields. Its adaptability across diverse agricultural landscapes—ranging from field crops to orchards—enhances its appeal among farmers seeking sustainable practices. Moreover, with the increasing global emphasis on water conservation and the growing demand for high-quality produce, the adoption of drip irrigation is witnessing accelerated momentum. Investments in advanced sensor technology and automated control systems further bolster this segment, positioning it as a preferred choice for modern agricultural enterprises.

Sprinkler irrigation is experiencing rapid growth within the Precision Irrigation Market, propelled by its versatility and adaptability to diverse agricultural landscapes. This method simulates natural rainfall, making it suitable for a wide range of crops, from field crops to ornamental plants. Increasing technological advancements, such as smart controllers and mobile applications for system management, are enhancing operational efficiency and reducing labor costs. The rising awareness of water scarcity and the urgent need for sustainable farming practices are driving farmers to adopt more efficient irrigation methods. The growing interest in precision agriculture further accelerates the adoption of sprinkler irrigation systems, positioning this segment as the fastest-growing within the market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Precision Irrigation Industry. Request a Free Sample PDF!

Precision Irrigation Market Crop Type Segment Analysis

According to Cognitive Market Research, Field crops represent the most substantial segment within the Precision Irrigation Market, largely due to their extensive cultivation and significant water demands. This category encompasses staple crops such as wheat, corn, and soybeans, which are vital for food security and agricultural economies. The widespread adoption of precision irrigation technologies among farmers has facilitated enhanced yield outcomes and resource management. With the increasing focus on sustainable farming practices, irrigation systems tailored for field crops have gained traction, enabling precise water application that minimizes waste and optimizes growth. The integration of advanced technologies, such as soil moisture sensors and automated systems, has further bolstered the efficiency and effectiveness of irrigation in this segment.

The Turf and Ornamentals segment exhibits the highest growth rate in the Precision Irrigation Market, propelled by escalating demand for landscaping and recreational spaces. Factors driving this segment include the rising interest in environmentally friendly practices and the need for aesthetic enhancements in urban environments. Homeowners, municipalities, and businesses increasingly recognize the importance of efficient irrigation systems for maintaining lush, healthy green spaces while conserving water. Innovative solutions such as smart irrigation controllers and targeted watering techniques have gained popularity, offering users enhanced control over water usage. The burgeoning landscaping and gardening industries, combined with heightened awareness of sustainability, position this segment for remarkable growth in the coming years.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Precision Irrigation Offering Segment Analysis

Precision Irrigation Market Offering Segment Analysis

According to Cognitive Market Research, The Solutions segment of the Precision Irrigation Market represents the cornerstone of innovation, driving significant advancements in agricultural efficiency. This segment encompasses a comprehensive array of irrigation systems, including state-of-the-art drip and sprinkler technologies, as well as sophisticated software solutions for system management. The increasing demand for sustainable farming practices, coupled with the need for water conservation, propels this segment to the forefront.

The Services segment within the Precision Irrigation Market is witnessing exponential growth, fueled by the increasing complexity of irrigation systems and the necessity for expert guidance. As farmers transition to precision irrigation technologies, the demand for specialized services—encompassing installation, maintenance, and consulting—grows substantially. This surge reflects a heightened awareness of the benefits associated with professional support, ensuring optimal system performance and longevity. Additionally, advancements in data analytics and IoT integration necessitate ongoing training and technical assistance, further propelling this segment's expansion.

• Solutions
• Services

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

Author's Conclusion