Driving Forces Behind Precision Irrigation Market Growth In The Agriculture Sector: Core Growth Enabler in the Precision Irrigation Market, 2025

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What Will the Precision Irrigation Industry Market Size Be by 2025?
In the past few years, the size of the precision irrigation market has witnessed a fast-paced growth. It is projected to rise from a value of $9.55 billion in 2024 to approximately $11.13 billion in 2025, enlisting a compound annual growth rate (CAGR) of about 16.6%. Factors such as amplified concerns about water scarcity and drought circumstances, the implications of climate change, the burgeoning acceptance of IoT and AI, expansion in farm sizes, and escalating labor expenses have all contributed to the growth in the historical time frame.

What's the Long-Term Growth Forecast for the Precision Irrigation Market Size Through 2029?
The market size of precision irrigation is projected to experience a swift enlargement in the forthcoming years. By 2029, the market is anticipated to reach $20.29 billion with a compound annual growth rate (CAGR) of 16.2%. Factors contributing to this growth in the projected period include the adaptation to climate change, the surge for sustainable agriculture methods, the broadening of intelligent farming approaches and an increasing awareness of the interrelation between water. Key trends during the forecast period encompass integration of digital farming platforms, advanced water management solutions, merging with 'climate-smart' agricultural practices, optimization of the water-energy nexus, and use of Internet of Things (IoT) and sensor technologies.

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What Are the Key Growth Drivers Fueling the Precision Irrigation Market Expansion?
The precision irrigation market is projected to expand due to the escalating demand for agricultural products. These products arise from farming or agricultural activities and their demand has surged due to factors such as population growth, dietary shifts, biofuel production, urbanization, and concerns about food security. Precision irrigation, a strategy employed in agriculture to accurately and efficiently water crops, conserves water, minimizes water wastage, and enhances crop production. For instance, data from Agriculture and Agri-Food Canada, a governmental department in Canada, indicated in January 2023 that Canada's total field crop production had risen by 34.1% compared to 2021. Additionally, in the 2022-23 season, there was a 47% increase in Canada's wheat production (excluding durum) compared to the previous year, achieving 28.4 million metric tons. Thus, the escalating demand from the agriculture industry is propelling the growth of the precision irrigation market.

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What Are the Key Trends Driving Precision Irrigation Market Growth?
Major companies in the precision irrigation market are currently prioritizing the development of innovative filtration systems such as AlphaDisc filters, with the aim of escalating system protection against blockages due to organic pollution. The AlphaDisc technology essentially ensures efficient removal of pollutants, impurities, or particles from fluids. Netafim, a technology company based in Malaysia, as an example, launched their new AlphaDisc filter in February 2022. This creative system is exclusively designed to guard irrigation systems against organic contaminant-induced clogging. The filter has features including high efficiency, precise depth filtration and high dirt capacity. Thanks to its hyper-modular setup, the filter easily accommodates to evolving needs of farmers. Moreover, it is equipped with a smart controller. Altogether, these special features make the AlphaDisc filter an invaluable tool for farmers striving to manage challenges like falling water quality due to climate change and pollution. It ultimately assists in enhancing growth conditions, minimizing clog risks, and boosting crop yields.

How Is the Precision Irrigation Market Segmented?
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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Which Companies Are Leading the Charge in Precision Irrigation Market Innovation?
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

Which Regions Are Leading the Global Precision Irrigation Market in Revenue?
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.

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