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Irrigation Automation Global Market Report Competitive And Growth Analysis 2033
Irrigation Automation Global Market Report 2024
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According to The Business Research Company's, The irrigation automation market size has grown rapidly in recent years. It will grow from $5.12 billion in 2023 to $6.07 billion in 2024 at a compound annual growth rate (CAGR) of 18.5%. The growth in the historic period can be attributed to increase in unpredictable rainfall patterns, rise in mechanization of agriculture, rise in government support and initiatives, increase use of automated irrigation systems, and increase use of remote control and monitoring systems.
The irrigation automation market size is expected to see rapid growth in the next few years. It will grow to $12.11 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. The growth in the forecast period can be attributed to increasing in agriculture productivity, rising demand for advanced irrigation systems, increasing water scarcity instances, increasing water crisis coupled with unpredictable rainfall patterns, and increasing investment in research and development of automation technology. Major trends in the forecast period include advancements in water conservation solutions, technological advancements, integration of smart technologies, advancements in irrigation automation techniques, and advancements in smart sprinklers.
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Market Drivers and Trends:
The increase in agriculture productivity is expected to propel the growth of the irrigation automation market going forward. Agricultural productivity is attributed to technological advancements, improved farming practices, enhanced irrigation systems, high-yield crop varieties, better pest and disease management, and efficient use of fertilizers and pesticides. Irrigation automation increases agricultural productivity by optimizing water use, ensuring consistent and precise watering, reducing labor, and improving crop health, leading to higher yields and better resource efficiency. For instance, in December 2023, according to the Food and Agriculture Organization, an Italy-based United Nations specialized agency, the global production of primary crop commodities reached 9.6 billion tonnes in 2022, an increase from 9.53 billion tonnes in 2021. Therefore, the increase in agriculture productivity is driving the irrigation automation market.
Major companies operating in the irrigation automation market are focused on developing advanced solutions such as AI-driven precision irrigation systems to optimize water usage, enhance crop yields, and improve sustainability by making real-time adjustments based on environmental data and crop needs. AI-driven precision irrigation systems utilize artificial intelligence to autonomously manage water distribution based on soil moisture, weather forecasts, and crop requirements, significantly enhancing water use efficiency and crop health. For instance, in April 2022, Viridix, an Israel-based agritech company, launched its next-generation precision irrigation system with AI-based autonomous capabilities. This innovative system utilizes a root sense soil moisture sensor, which provides real-time data on the water available to plant roots, allowing for precise irrigation decisions based on plant needs. The technology aims to enhance water efficiency, boost crop yields, and improve agricultural productivity while minimizing resource consumption. The system's AI capabilities enable it to automate irrigation processes, optimizing water usage across various agrarian settings, such as orchards, vineyards, and greenhouses.
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Major Key Players of the Market:
The Toro Company, Valmont Industries Inc., Netafim Ltd., Lindsay Corporation, Jain Irrigation Systems Ltd., Hunter Industries Inc., Rivulis Irrigation Ltd., Rain Bird Corporation, Orbit Irrigation Products Inc., HydroPoint Data Systems Inc., Mahindra EPC Irrigation Limited, Weathermatic, Azud, T-L Irrigation Company, Nelson Irrigation Corporation, NaanDanJain irrigation Ltd., Rubicon Water Limited, Galcon Ltd., Calsense, AgriDrip, Growlink Inc., Ranch Systems Inc., Superior Automatic Sprinkler Corporation, Viridix Ltd, AquaSpy Inc.
Irrigation Automation Market 2024 Key Insights:
• The irrigation automation market size is expected to see rapid growth in the next few years. It will grow to $12.11 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%.
• Growth of Agricultural Productivity Fuels Irrigation Automation Market Expansion
• AI-Driven Precision Irrigation Systems Revolutionize Water Efficiency And Crop Health In Agriculture
• Asia-Pacific was the largest region in the irrigation automation market in 2023
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