Press release
Meticulous Research® Unveils Comprehensive Report on the Global Irrigation Automation Market Forecast to Reach $12.7 Billion by 2030
Meticulous Research®, a globally recognized leader in market research and analysis, has released its latest report, "Irrigation Automation Market by System, Irrigation Type, Component, End Use (Agricultural, Non-agricultural) and Geography - Global Forecast to 2030." The report provides comprehensive insights into the irrigation automation market, which is forecasted to grow significantly, reaching an estimated value of $12.7 billion by 2030, with a compound annual growth rate (CAGR) of 16.6% from 2024 to 2030.Download Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5578
The rapid expansion of the irrigation automation market is largely fueled by the increasing adoption of smart agriculture technologies and the substantial advantages offered by automated irrigation systems in agriculture. These advanced systems utilize sensors and timers to deliver precise amounts of water directly to the root zones, significantly reducing water wastage compared to traditional manual watering methods. Furthermore, growing government support for automated farming technologies and the widespread implementation of automated irrigation systems in large-scale farming operations are anticipated to present lucrative growth opportunities for industry stakeholders. However, the high installation costs and challenges in implementing these systems on fragmented land may pose hurdles to market growth.
Market Segmentation and Key Insights
The global irrigation automation market is categorized by system type, irrigation type, component, end use, and geography, providing a detailed analysis of each segment's potential and market share:
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• By System Type: The market is divided into automatic and semi-automatic systems. In 2024, the automatic systems segment is expected to dominate the market, driven by the increasing deployment of automatic irrigation systems, the growing demand for systems that minimize water usage and save time for consumers, and continuous technological advancements that enhance the features of these systems. This segment is also projected to record the highest growth rate over the forecast period.
• By Irrigation Type: The market is segmented into sprinkler irrigation, drip irrigation, surface irrigation, hose reel irrigation, pivot irrigation, and others. In 2024, the sprinkler irrigation segment is expected to hold the largest market share, attributed to the rising demand for controlled water distribution methods, the need for improved water-use efficiency, and the associated benefits such as chemical resistance and ease of operation. Conversely, the drip irrigation segment is projected to experience the fastest growth, driven by its efficiency in water and nutrient delivery, cost-effectiveness, and suitability for various crops and garden types.
• By Component: The market is divided into hardware, software, and services. The hardware segment is expected to lead the market in 2024, primarily due to the efforts of industry players to develop intelligent irrigation control systems, the widespread use of hardware components like valves, sprays, and sensors, and the growing demand for smart irrigation controllers that optimize water use based on plant needs. This segment is also anticipated to witness the highest growth rate during the forecast period.
• By End Use: The market is segmented into agricultural and non-agricultural sectors. The agricultural segment is expected to capture the largest share in 2024, driven by the increasing adoption of smart irrigation systems by farmers, the need for cost savings through reduced water waste, and the growing integration of IoT in smart irrigation practices. This segment is also projected to grow at the highest CAGR, supported by the rising demand for efficient water usage and enhanced crop productivity.
• By Geography: The Asia-Pacific region is expected to dominate the global market in 2024, driven by vast agricultural lands, government support for automated irrigation systems, and advancements in irrigation technology. Additionally, the region faces a high population burden and declining water levels, particularly in countries like India and China, which is expected to drive the adoption of sensor-based irrigation systems. Meanwhile, North America is projected to register the highest CAGR, bolstered by the presence of leading market players, increasing government initiatives for water conservation, and the growing adoption of automated irrigation systems.
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Key Industry Players
Leading companies in the global irrigation automation market include The Toro Company (U.S.), Valmont Industries, Inc. (U.S.), Rain Bird Corporation (U.S.), Jain Irrigation Systems Ltd. (India), Lindsay Corporation (U.S.), Nelson Irrigation (U.S.), Rubicon Water S.L.U. (Spain), Galcon Bakarim Agricultural Cooperative Society Ltd. (Israel), HydroPoint Data Systems, Inc. (U.S.), Calsense (U.S.), Orbit Irrigation Products Inc. (U.S.), Stevens Water Monitoring Systems Inc. (U.S.), Viridix Ltd. (Israel), Niagara Irrigation Automation (India), and Lumo, Inc. (U.S.).
Related Reports:
Precision Irrigation Market - https://www.meticulousresearch.com/product/precision-irrigation-market-5748
Precision Agriculture Market - https://www.meticulousresearch.com/product/precision-agriculture-market-5785
Irrigation Equipment Market - https://www.meticulousresearch.com/product/irrigation-equipment-market-5378
Micro-irrigation Systems Market - https://www.meticulousresearch.com/product/micro-irrigation-systems-market-4970
Agriculture Equipment Market - https://www.meticulousresearch.com/product/agriculture-equipment-market-5374
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