Precision Irrigation Market Expansion Continues, with Forecast Valuation of $18.98 Billion by 2029

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Precision Irrigation Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for precision irrigation has expanded swiftly over the recent years. The market that is valued at $9.55 billion in 2024 is expected to rise to $11.07 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.9%. The growth during the historic phase was principally due to rising worries about water shortage and drought situations, impacts of climate change, heightened adoption of IoT and AI, enlargement of farm sizes, and escalating labor costs.

Precision Irrigation Market Size Forecast: What's the Projected Valuation by 2029?
The market size for precision irrigation is projected to experience swift expansion in the coming years. It is expected to reach $18.98 billion by 2029, climbing at a compound annual growth rate (CAGR) of 14.4%. The anticipated growth during the forecast period can be linked to adaptations to climate change, the rising need for eco-friendly agricultural approaches, the development of intelligent agriculture techniques, and increased understanding of the relationship between water. Notable trends expected for this forecast period include the assimilation with digital farming platforms, improved water management strategies, incorporation with climate-smart agricultural methods, optimization of water-energy nexus, and Internet of Things (IoT) and sensor technologies.

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What Are the Drivers Transforming the Precision Irrigation Market?
The precision irrigation market's expansion is anticipated to be fueled by the growing demand for agricultural products. Agricultural products pertain to goods manufactured as a result of agricultural or farming activities. Factors like population growth, diet shifts, biofuel production, urbanization, and concerns about food safety are causing a surge in demand for these products. Precision irrigation is a technique employed in agriculture to provide water to the crops accurately and effectively, minimizing water consumption, preventing water wastage, and enhancing crop yield. For instance, Agriculture and Agri-Food Canada, a governmental department based in Canada, reported in January 2023 that Canada's total field crop production had risen by 34.1% compared to 2021. It also indicated a 47% surge in Canada's wheat production (excluding durum) during 2022-23 compared to 2021-22, with a yield of 28.4 million metric tons. Hence, the rising demand within the agricultural sector propels the growth of the precision irrigation market.

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Which Fast-Growing Trends Are Poised to Disrupt the Precision Irrigation Market?
Leading businesses in the precision irrigation sector are emphasizing the development of novel filtration mechanisms for irrigation, one such being the AlphaDisc filters, intended to bolster the resilience of irrigation systems against blockages instigated by organic pollutants. The AlphaDisc filtering system is an innovative filtration procedure or technology that employs new methodologies, materials, or designs to effectively cleanse impurities, pollutants, or particles from a liquid substance. For example, in February 2022, Netafim, a technology firm based in Malaysia, introduced its cutting-edge AlphaDisc filter, specially engineered to shield irrigation operations from congestion triggered by organic pollutants. This groundbreaking filter exhibits high productivity, precise depth filtration, a large capacity for holding dirt, and a hyper-modular construct, catering to scalability as per the changing requirements of growers. Moreover, it boasts remarkable efficiency, a large dirt-holding capacity, a hyper-modular design and a clever control system. Collectively, these features render this filter a crucial tool for farmers, particularly in light of challenges brought about by degrading water quality due to climate shifts, contamination, among other causes, hence enhancing growing conditions, minimizing the possibility of blockages, and augmenting crop yields.

Which Segments in the Precision Irrigation Market Offer the Most Profit Potential?
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 Firms Dominate the Precision Irrigation Market by Market Share and Revenue in 2025?
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 Offer the Highest Growth Potential 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.

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