Meticulous Research®, a leading global market research firm, has published a comprehensive study titled 'Precision Irrigation Market,' which explores offerings (solutions, services), irrigation types (sprinklers, drip, surface), end users (agriculture, turf & sport fields, residential), and global forecasts until 2030.

According to Meticulous Research®, the precision irrigation market is expected to reach $4.2 billion by 2030, with a compound annual growth rate (CAGR) of 11.7% over the forecast period. Growth drivers include the increasing focus on improving water efficiency and conservation, widespread adoption of precision irrigation to boost crop productivity and quality, and governmental support through policies and subsidies, including low-interest loans for precision irrigation systems. However, significant upfront costs and ongoing maintenance of hardware, software, and infrastructure pose challenges to market expansion. Nonetheless, investments in sensor-based technologies and automated irrigation controls are poised to create new growth avenues. Challenges persist, especially in rural areas where connectivity issues hinder implementation. Key trends in the precision irrigation market include the integration of machine learning and artificial intelligence technologies.

The precision irrigation market is segmented based on offerings (software, hardware, services), types of irrigation (surface, sprinklers, drip, center pivot, others), end users (including agriculture with field crops, orchards, vineyards, greenhouse applications, as well as residential, turf and sports fields, golf courses, parks, landscapes, and other sectors), and geographical regions. The study also includes competitive analysis at both regional and national levels.

Based on offering, Within the precision irrigation market, the primary segments consist of solutions and services. It is anticipated that by 2023, the solutions segment will take the lead, driven by growing adoption of precision irrigation solutions aimed at improving crop yield and quality. Key factors propelling this dominance include heightened environmental consciousness among farmers, expansion of large-scale agricultural enterprises, and the imperative to conserve water, energy, and labor expenses. Additionally, advancements in data-driven insights regarding soil moisture and weather conditions contribute significantly to this segment's growth. Furthermore, it is forecasted to maintain the highest compound annual growth rate (CAGR) over the forecast period.

Based on irrigation type, In the precision irrigation market, irrigation methods include surface irrigation, sprinkler irrigation, drip irrigation, center pivot irrigation, and other variations. By 2023, the sprinkler irrigation segment is expected to take the lead in the market. This prominence is driven by increasing demand for cost-effective irrigation solutions, efficient water distribution ensuring uniformity, the necessity to safeguard crops from heat stress, and the growing adoption of sprinkler systems in valuable crops like coffee, cardamom, and orchards. Furthermore, this segment is forecasted to achieve the highest compound annual growth rate (CAGR) throughout the forecast period.

Based on end user, The precision irrigation market encompasses diverse segments, including agriculture, residential areas, turf and sports fields, golf courses, parks, landscapes, and other user groups. By 2023, the agriculture segment is expected to dominate the precision irrigation market, driven by efforts to enhance efficiency and productivity through optimal utilization of resources like water and fertilizer. Moreover, initiatives aimed at reducing soil erosion and water pollution to mitigate environmental impact further bolster the segment's growth. There is also increasing demand for precise water application in agriculture to support crop growth, maintain landscapes, and improve soil health. Additionally, the agriculture segment is projected to experience the highest compound annual growth rate (CAGR) during the forecast period.

Based on geography, The precision irrigation market is divided into regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. By 2023, Asia-Pacific is expected to emerge as the leader in the precision irrigation market. This dominance can be attributed to several factors: the critical need to improve crop yields and meet rising demands for agricultural products, governmental initiatives that promote sustainable agricultural practices and water conservation, advancements in agricultural technology specific to the region, and diverse climatic conditions that favor the adoption of precision irrigation for efficient water management and crop cultivation. Furthermore, Asia-Pacific is forecasted to achieve the highest compound annual growth rate (CAGR) throughout the forecast period.

Key Players:

Leading players in the precision irrigation market include 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), and ONDO (Balkans).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5748

Key questions answered in the report.

·  Which segments demonstrate high growth potential concerning offerings, irrigation types, end-user segments, and geographic regions?

·  What is the historical performance of the precision irrigation market?

·  What are the market forecasts and projections from 2023 to 2030?

·  What are the primary drivers, constraints, opportunities, challenges, and emerging trends influencing the precision irrigation market?

·  Who are the leading players in the precision irrigation market, and what are their market shares?

·  What does the competitive landscape look like in the precision irrigation market?

·  What recent developments have occurred in the precision irrigation market?

·  What strategies have major players implemented in the precision irrigation market?

·  What are the notable geographic trends, and which countries are showing significant growth?

·  Who are the emerging local players in the precision irrigation market, and how do they compete with established companies?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research