Precision Irrigation Market

Precision Irrigation Market by 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), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-1073
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 185
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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 Market Key Takeaways


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.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising need to reduce excessive use of water in agriculture is anticipated to propel the market in the coming years.
  • Government’s supportive policies and subsidies are projected to fuel the market during the forecast period.
  •  Rapid growth of agriculture sector is major factor driving the market in the coming years.
  • Growing installation of internet of things in the agriculture farms is estimated to fuel the market during the forecast period.
  • High initial and technological cost of the systems is expected to restrict the market growth.
  • Lack of technical knowledge and skills among the farmers act as key factor that can hinder the market growth during the forecast period.
  • Growing adoption of precision irrigation practices is projected to create immense opportunities for the market players.
  • R&D investment and technological advancement in precision irrigation market are anticipated to offer lucrative opportunities for the market players.

Scope of the Report

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.

 

Market Segment Insights:

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.
 

Precision Irrigation Market By Crop Types


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.
 

Precision Irrigation Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Precision Irrigation Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Precision Irrigation Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Precision Irrigation Market - Supply Chain
  4.5. Global Precision Irrigation Market Forecast
     4.5.1. Precision Irrigation Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Precision Irrigation Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Precision Irrigation Market Absolute $ Opportunity
5. Global Precision Irrigation Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Precision Irrigation Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Precision Irrigation Demand Share Forecast, 2019-2026
6. North America Precision Irrigation Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Precision Irrigation Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Precision Irrigation Demand Share Forecast, 2019-2026
7. Latin America Precision Irrigation Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Precision Irrigation Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Precision Irrigation Demand Share Forecast, 2019-2026
8. Europe Precision Irrigation Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Precision Irrigation Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Precision Irrigation Demand Share Forecast, 2019-2026
9. Asia Pacific Precision Irrigation Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Precision Irrigation Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Precision Irrigation Demand Share Forecast, 2019-2026
10. Middle East & Africa Precision Irrigation Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Precision Irrigation Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Precision Irrigation Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Precision Irrigation Market: Market Share Analysis
  11.2. Precision Irrigation Distributors and Customers
  11.3. Precision Irrigation Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Lindsay Corporation
     11.4.2. Netafim Ltd.
     11.4.3. Elgo Irrigation Ltd.
     11.4.4. Jain Irrigations Systems Ltd.
     11.4.5. Rain Bird Corporation
     11.4.6. Associated British Foods PLC
     11.4.7. Nelson Irrigation Corporation
     11.4.8. Valmont Industries Inc.

Segments Covered in the Report
The global precision irrigation market has been segmented on the basis of

Types

  • Drip Irrigation
    • Sub-surface Drip Irrigation
    • Surface Drip Irrigation
    • Precision Mobile Drip Irrigation
  • Sprinkler Irrigation
    • Center Pivot Sprinkler
    • Liner Sprinklers
    • Traditional Sprinklers
  • Others

Crop Types

  • Plantation Crops
  • Turf and Ornamentals
  • Field Crops
  • Orchards & Vineyards

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Lindsay Corporation
  • Netafim Ltd.
  • Elgo Irrigation Ltd.
  • Jain Irrigations Systems Ltd.
  • Rain Bird Corporation
  • Associated British Foods PLC
  • Nelson Irrigation Corporation
  • Valmont Industries Inc.

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.
 

Precision Irrigation Market By key Players

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