The global precision irrigation market size was valued at USD 3.1 billion in 2020 and is expected to surpass USD 4.6 billion by 2028, expanding at a CAGR of 12.8% during the forecast period, 2021–2028. Growth of the market is attributed to the increasing demand for efficient irrigation system and rising government support for water conservation.
Precision irrigation is modern farming practices which helps in the efficient production process and raises the quantity and quality of the crops. The soil and farmers works well with precision irrigation. Precision irrigation helps for proper utilization of water in the field with combination of solution and system.
Various modern and innovative technologies are used in precision irrigation market such as global positioning systems and global positioning system-computer guided harvesters and tractors. Precision irrigation helps to improve the agriculture yields and reduces the environmental risks. It helps to monitor plants and soil by placing sensors, save time and cost, and it can be integrated with farm management software’s.
The report on the global precision irrigation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Precision Irrigation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Types (Drip Irrigation [Sub-surface Drip Irrigation, Surface Drip Irrigation, and Precision Mobile Drip Irrigation], Sprinkler Irrigation [Center Pivot Sprinkler, Liner Sprinklers, and Traditional Sprinklers], and Others), Crop Types (Plantation Crops, Turf and Ornamentals, Field Crops, and Orchards & Vineyards) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Lindsay Corporation, Netafim Ltd., Elgo Irrigation Ltd., Jain Irrigations Systems Ltd., Rain Bird Corporation, Nelson Irrigation Corporation, and Valmont Industries Inc. |
The drip irrigation segment is projected to account for a large market share
In terms of types, the global precision irrigation market is fragmented into drip irrigation, sprinkler irrigation, and others. The drip irrigation segment is further classified into sub-surface drip irrigation, surface drip irrigation, and precision mobile drip irrigation. The sprinkler irrigation segment is sub-segmented into center pivot sprinkler, liner sprinklers, and traditional sprinklers. The drip irrigation segment is expected to constitute a key share of the market during the forecast period owing to high usage in greenhouse vegetables and for controlling soil moisture.
The field crops segment is projected to hold a major market share
Based on crop types, the global precision irrigation market is segregated into plantation crops, turf and ornamentals, field crops, and orchards & vineyards. The field crops segment is expected to represent a key share of the market in the coming years due to low water and fertilizer requirements, decreased costs, and high profit margins. It is used in various field crops such as sugarcane, cotton, and corn.
The North America is anticipated to dominate the market
On the basis of regions, the global precision irrigation market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at a high CAGR during the forecast period. The regional market growth can be attributed to high use of soilless culture for the production of greenhouse vegetables. Skilled farmers in the region are raising the productivity of agriculture with the help of technologically advanced precision irrigation systems. On the other hand, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years owing to rising demand for food in the developing countries.
Segments Covered in the Report
The global precision irrigation market has been segmented on the basis of
Types
Crop Types
Regions
Key Players
Key players competing in the global precision irrigation market include Lindsay Corporation, Netafim Ltd., Elgo Irrigation Ltd., Jain Irrigations Systems Ltd., Rain Bird Corporation, Nelson Irrigation Corporation, and Valmont Industries Inc. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Segments Covered in the Report
The global precision irrigation market has been segmented on the basis of
Types
Crop Types
Regions
Key Players
Key players competing in the global precision irrigation market include Lindsay Corporation, Netafim Ltd., Elgo Irrigation Ltd., Jain Irrigations Systems Ltd., Rain Bird Corporation, Nelson Irrigation Corporation, and Valmont Industries Inc. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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