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Precision Irrigation Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Demand, Forecast, Outlook, Key Players
Precision Irrigation Market
As per the report, the precision irrigation market size has grown rapidly in recent years. It will grow from $8.11 billion in 2023 to $9.23 billion in 2024 at a compound annual growth rate (CAGR) of 13.94%. The precision irrigation market size is expected to see rapid growth in the next few years. It will grow to $15.40 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%.
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Driving Forces Behind Precision Irrigation Market Growth In The Agriculture Sector
The increasing demand for agricultural products is expected to propel the growth of the precision irrigation market going forward. Agricultural products refer to goods or commodities produced through farming or agricultural practices. The demand for agricultural products is rising due to population growth, changing diets, biofuel production, urbanization, and food security concerns. Precision irrigation is used in the agriculture sector to deliver water to crops precisely and efficiently, optimize water usage, reduce water waste, and improve crop yields. For instance, In January 2023, according to reports published by Agriculture and Agri-Food Canada, a Canada-based government department, Canada's total field crop production was 34.1% higher than in 2021. Further, in the 2022-23 period, Canada's wheat production (excluding durum) saw a 47% increase compared to 2021-22, reaching 28.4 million metric tons. Therefore, an increasing demand for the agriculture sector is driving the growth of the precision irrigation market.
Netafim Launches AlphaDisc Filter A Innovating Precision Irrigation Protection Against Clogging
Major companies operating in precision irrigation market are focusing on developing innovative filtration system for irrigation, such as AlphaDisc filters, to enhance irrigation system protection against clogging caused by organic contaminants. AlphaDisc filtration system is a filtration technology or process incorporating novel approaches, materials, or designs to efficiently remove impurities, pollutants, or particles from a fluid. For instance, in February 2022, Netafim, a Maleshiya-based technology company, launched its new AlphaDisc filter, an innovative filtration system designed to protect irrigation systems against clogging caused by organic contaminants. This innovative filter offers high efficiency, precise depth filtration, high dirt-holding capacity, and a hyper-modular design, allowing easy scalability as growers' needs evolve. Additionally, it features high efficiency, high dirt-holding capacity, a hyper-modular design, and a smart controller. These features collectively make this filter a vital resource for growers, especially in the face of challenges posed by deteriorating water quality due to climate change, pollution, and other factors, ultimately helping to improve growing conditions, reduce the risk of clogging, and increase crop yields.
The precision irrigation market covered in this report is segmented -
1) By Type: Sprinkler Irrigation, Drip Irrigation
2) By Offering: Solutions, Services
3) By End User: Agriculture, Residential, Turf And Sport Fields, Golf Courses, Parks, And Landscapes, Other End Users
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Major companies operating in the precision irrigation market are Deere & Company, The Toro Company, Valmont Industries, Trimble Navigation Limited, Netafim Ltd, Rain Bird Corporation, Lindsay Corporation, Jain Irrigation Systems Ltd, Ewing Irrigation & Landscape Supply, Hunter Industries, Rivulis Irrigation Ltd, Reinke Manufacturing Company Inc, T-L Irrigation Co, Nelson Irrigation Corporation, Grodan B.V., Hydropoint Data Systems Inc, Cadman Power Equipment Ltd, Signature Control Systems Inc, Precision Lawn Irrigation Inc, Aquaspy Inc, CropMetrics LLC, Hortau Inc., Irrometer Company Inc, Mahindra EPC Industries Limited, AgSmarts Inc, Precision Irrigation Services Pvt Ltd
Contents of the report:
1. Executive Summary
2. Precision Irrigation Market Report Structure
3. Precision Irrigation Market Trends And Strategies
4. Precision Irrigation Market - Macro Economic Scenario
5. Precision Irrigation Market Size And Growth
…..
27. Precision Irrigation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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