Meticulous Research® has issued a detailed report titled ‘Precision Irrigation Market by Offering (Solutions, Services), Irrigation Type (Sprinklers Irrigation, Drip Irrigation, Surface Irrigation), End User (Agriculture, Turf & Sport Fields, Residential), and Geography - Global Forecast to 2030.’ The report forecasts that the global precision irrigation market will reach $4.2 billion by 2030 , with a CAGR of 11.7% during the forecast period. This growth is driven by the increasing need for water efficiency, the rising adoption of precision irrigation technologies to boost crop yield and quality, and supportive government policies offering incentives for the implementation of these systems.

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The growing emphasis on water conservation in agriculture is a primary driver of market growth. With water resources becoming increasingly scarce due to climate change and population growth, precision irrigation systems offer a means to manage water more effectively and sustainably. However, the high costs associated with the initial installation and maintenance of these systems can be a barrier to their widespread adoption, especially in less developed regions.

Technological advancements are expected to fuel further market growth. The investment in sensor-based systems and automated irrigation controllers allows for more precise control of irrigation processes, providing farmers with real-time data and insights. Despite these advancements, connectivity issues in remote areas pose a challenge, potentially limiting the effectiveness of these systems. The increasing use of artificial intelligence and machine learning in precision irrigation technologies is a trend that is likely to drive future market expansion.

The market is segmented by offering , which includes solutions (hardware and software) and services. The solutions segment is anticipated to lead the market by 2024, driven by the growing adoption of technology-driven solutions that provide valuable insights into soil moisture, crop health, and weather conditions. These solutions enable farmers to make more informed irrigation decisions, leading to reduced water and labor costs and improved crop productivity.

In addition, the solutions segment is projected to achieve the highest CAGR during the forecast period. The demand for data-driven irrigation practices and the benefits of real-time monitoring are driving the growth of this segment. As farmers seek to optimize their irrigation systems, the adoption of advanced solutions is expected to increase.

Irrigation types are another important segmentation factor. The market is divided into surface irrigation, sprinkler irrigation, drip irrigation, and center pivot irrigation. Among these, sprinkler irrigation is expected to hold the largest market share by 2024, due to its cost-effectiveness and efficiency in distributing water across large fields. The demand for sprinkler systems is

Key Players:

The key players operating in the precision irrigation market include Netafim Limited (Israel) (A Subsidiary of Orbia Advance Corporation, S.A.B. de C.V.), Deere & Company (U.S.), Jain Irrigation Systems Ltd. (India), Lindsay Corporation (U.S.), Nelson Irrigation Corporation (U.S.), Saturas ltd. (Israel), The Toro Company (U.S.), Valmont Industries Inc. (U.S.), T-L IRRIGATION CO. (U.S.), Viridix Ltd. (Israel), Mahindra EPC Irrigation Limited (India), Chinadrip Irrigation Equipment Co.Ltd. (China), Libelium Comunicaciones Distribuidas S.L. (Spain), CropX Technologies Ltd. (Australia), and ONDO (Balkans).

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Key questions answered in the report.

• Which are the high-growth market segments based on offering, irrigation type, end user, and geography?
• What was the historical market for precision irrigation?
• What are the market forecasts and estimates for the period 2024–2030?
• What are the major drivers, restraints, opportunities, challenges, and trends in the precision irrigation market?
• Who are the major players, and what shares do they hold in the precision irrigation market?
• What is the competitive landscape like in the precision irrigation market?
• What are the recent developments in the precision irrigation market?
• What are the different strategies adopted by the major players in the precision irrigation market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the precision irrigation market, and how do they compete with the other players?

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