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Key Influencer in the Precision Irrigation Market 2025: Driving Forces Behind Precision Irrigation Market Growth In The Agriculture Sector Driver
Precision Irrigation Market
The surge in requirements for farm products is anticipated to spur the expansion of the precision irrigation market. Agricultural goods are products obtained from farming practices. Factors such as population growth, evolving dietary habits, biofuel manufacturing, urbanization, and concerns regarding food security are contributing to an escalated demand for these products. Precision irrigation serves the agrarian sector by precisely and efficiently delivering water to crops, reducing water wastage, augmenting water usage, and enhancing crop yield. As per the information from Agriculture and Agri-Food Canada, a government organization, in January 2023, Canada's overall field crop output had risen by 34.1% compared to 2021. In the period of 2022-23, the production of wheat in Canada (excluding durum) witnessed a hike of 47% from the previous year, resulting in 28.4 million metric tons. Therefore, the growing requirement in the agricultural sector boosts the precision irrigation market's growth.
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What growth opportunities are expected to drive the precision irrigation market's CAGR through 2034?
In recent times, the scale of the precision irrigation market has witnessed a swift expansion. It is anticipated to surge from $9.55 billion in 2024 to a substantial $11.13 billion in 2025, boasting a compound annual growth rate (CAGR) of an impressive 16.6%. This rapid growth during the historical period is chiefly credited to growing anxieties regarding water shortage and drought conditions, effects of climate change, amplified adoption of IoT and AI in farming, expansion of farm sizes, and escalated labor costs.
The market size of precision irrigation is projected to witness a swift expansion in the coming years, escalating to $20.29 billion by 2029 with a compound annual growth rate (CAGR) of 16.2%. The forecast period's growth could be linked to adaptation to climate change, the need for sustainable farming methods, proliferation of intelligent agricultural practices, and growing awareness about the relationship between water and other factors. Key trends during the forecast period encompass the union with digital farming platforms, improved water management methods, amalgamation with climate-smart farming approaches, optimization of water-energy nexus, and application of IoT and sensor technologies.
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What are the emerging trends shaping the future of the precision irrigation market?
Pioneering businesses in the precision irrigation sector are prioritizing the creation of innovative irrigation filtration systems, such as the AlphaDisc filters, to increase resistance of the irrigation systems against blockages caused by organic pollutants. The AlphaDisc filtering system is a unique purification method utilizing novel techniques, material, or blueprints to effectively eradicate pollutants, impurities, or particles from a liquid. For instance, Netafim, a tech company based in Malaysia, launched their latest product in February 2022 - the AlphaDisc filter. This ground-breaking filtering system is engineered to preserve irrigation systems from obstructions brought about by organic waste. It presents a host of features such as high efficiency, accurate depth filtration, extensive dirt-holding capacity, along with a flexible modular design for easy adaptability as per the requirements of the cultivators. Plus, it also comes with a proficient smart controller. The AlphaDisc's combined attributes make it an indispensable tool for cultivators, particularly when coping with complications brought on by worsening water quality due to climate change, pollution, and other circumstances, consequently aiding in enhancing cultivation circumstances, reducing clogging risks, and boosting crop production.
Which growth-oriented segments of the precision irrigation market are leading the industry's development?
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
Subsegments:
1) By Sprinkler Irrigation: Center Pivot Irrigation, Lateral Move Irrigation, Fixed Sprinkler Systems, Mobile Sprinkler Systems
2) By Drip Irrigation: Surface Drip Irrigation, Subsurface Drip Irrigation, Online Drip Irrigation, Point Source Drip Irrigation
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What regions are leading the charge in the precision irrigation market?
North America was the largest region in the precision irrigation market in 2024. The regions covered in the precision irrigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the precision irrigation market?
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
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What Is Covered In The Precision Irrigation Global Market Report?
•Market Size Forecast: Examine the precision irrigation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the precision irrigation market for a structured understanding.
•Key Players Overview: Analyze major players in the precision irrigation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the precision irrigation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the precision irrigation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the precision irrigation market.
•Industry Challenges: Identify potential risks and obstacles affecting the precision irrigation market.
•Competitive Landscape: Review strategic developments in the precision irrigation market, including expansions, agreements, and new product launches.
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