Precision Irrigation Market is estimated to be US$ 7.4 billion by 2032: Growing Need for an Enhanced and Effective Irrigation System to Propel Market Growth

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Published Date: May 2023

Precision irrigation is a unique sustainable agricultural approach that allows the application of water and nutrients to provide optimal conditions for the plant at the right time and place and in small, measured doses. Precision irrigation delivers moisture directly to crops in small amounts as needed, meeting crop needs precisely, this method also provides nutrients to plants if water is applied along with fertilization. Agricultural industries can reduce the use of water and chemical resources, which is beneficial for both business and nature, as an additional approach, accurate moisture supply also contributes to sustainable agriculture. Precise irrigation is not only the best solution for water use, but it is the most efficient method of using fertilizers, fertilization enables us to deliver nutrients in measured doses and supports good plant growth with the right timing and protects our soil from leaching and groundwater contamination. Precision irrigation is a technique used in agriculture to increase crop production with available land and water resources while minimizing environmental impact. Artificial irrigation is the only condition for crop production under insufficient natural rainfall and precision irrigation is the optimal solution in this case. With precision irrigation technology, farmers can not only ensure healthy plant growth in semi-arid regions, but installation of precision irrigation systems by avoiding overuse of water and fuel helps protect the agricultural business from losses caused by unusual droughts such as climatic uncertainty. Some other areas where precision irrigation is widely used are public parks, large gardens and home lawns. Furthermore, precision irrigation technology is generally preferred by users, to ensure better grip and traction on sports fields and to improve nutrient management processes in greenhouses and nurseries. Complete automation of drip irrigation systems provides a simple method of controlling soil moisture and water application. Market growth is driven by increasing demand for efficient irrigation systems, growing government initiatives on water conservation are increasing the need for enhanced and effective irrigation systems. Moreover, these systems are expected to increase profit per revenue generation, thus, boosting the growth of the target market. Consolidation of agricultural land in different parts of the world enables farmers to invest in expensive irrigation systems such as precision irrigation systems, thereby boosting the market. Further, expanding profitability and crop production, increasing global food demand, and crop health monitoring for higher crop production are important factors driving the growth of the precision irrigation market.

The report “Precision Irrigation Market, 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 Application (Agricultural Fields, Landscape and Turf Irrigation, Greenhouse, Residential and Others), By Crop Type (Field Crops, Plantation Crops, Orchards Crops and Vineyards, and Turf and Ornamentals), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends Analysis and Forecast till 2032 “

Key Highlights:

In November 2022, Jain Irrigation, Inc., a global leader in irrigation technology for landscape, turf and agricultural irrigation, is releasing a "first" in the history of smart irrigation technology and its patented water cost monitoring innovation for commercial landscaping, the award-winning Jain Unity cloud-based automation.
In April 2022, Viridix Ltd announced the launch of its most advanced precision irrigation system. Viridix's Gen3 combines the new system with remote monitoring and irrigation control solutions, creating a groundbreaking autonomous irrigation solution.
In May 2022, Bogor, as a global company specializing in greenhouse and smart precision irrigation systems, Netafim Indonesia collaborated with the College of Vocational Studies IPB University to demonstrate the latest greenhouse technology and systematic precision irrigation.

Analyst View:

Precision irrigation allows farmers to increase profits by achieving higher yields per hectare and produce better quality crops, while using precision irrigation uses less water, fertilizers and energy, allowing farmers to experience greater predictability and stability in an uncertain environment. Irrigation helps to grow crops in dry areas and during periods of below average rainfall, maintain landscapes and vegetables in disturbed soils. In addition to these uses, irrigation is also used to protect crops from frost, to prevent weed growth in frost perfect crops, to prevent weed growth in grain fields, and to prevent soil consolidation. Precision irrigation is gaining immense popularity among farmers due to the increasing need for optimum crop production with limited available resources. With 85% of the world's irrigated lands, many farmers use surface irrigation systems. Precision irrigation is an innovative technique that uses water wisely and helps farmers achieve higher crop production levels with less water. Precision irrigation is an innovative technique that uses water wisely and helps farmers achieve higher levels of crop production with less water.

Browse 60 market data tables and 35 figures* through 140 slides and in-depth TOC on* “Precision Irrigation Market, 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 Application (Agricultural Fields, Landscape and Turf Irrigation, Greenhouse, Residential and Others), By Crop Type (Field Crops, Plantation Crops, Orchards Crops and Vineyards, and Turf and Ornamentals), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Precision Irrigation Market accounted for US$ 4.03 billion in 2022 and is estimated to be US$ 7.4 billion by 2032 and is anticipated to register a CAGR of 8.2%. The Precision Irrigation Market is segmented based on Type, Application, Crop Type, and Region.

Based on type, the global precision irrigation market is segmented into the sprinkler irrigation, drip irrigation, and others. The sprinkler irrigation segment is further divided into traditional sprinklers, central pivot sprinklers, and lateral move/ linear sprinkler. The drip irrigation segment is further divided into Surface drip irrigation, sub-surface drip irrigation, and precision mobile drip irrigation.
Based on application, the global precision irrigation market is segmented into Agricultural Fields, Landscape and Turf Irrigation, Greenhouse, Residential and Others
Based on crop type, the target market is segmented into field crops, plantation crops, orchards and vineyards, and turf and ornamentals.
By Region, the Precision Irrigation Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Precision Irrigation Market:

The prominent players operating in the Precision Irrigation Market includes, Jain Irrigation Systems Ltd., Netafim Ltd., Rivulis, Lindsay Corporation, Valmont Industries, Hortau, Precision Irrigation Services (Aust) Pty Ltd., Cropmetrics, Aquaspy, and Trimble, Inc. The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period