Global Precision Irrigation Market Size, Share, Trends, Industry Growth by Type (Drip Irrigation, Sprinkler Irrigation, Others), by Application (Agricultural Fields, Landscape and Turf Irrigation, Greenhouse, Residential, Others), by Crop Type, by Region, and Forecast to 2028

Report ID: RC42349 | Report Format: PDF + Excel | Starting Price: 2520/- USD | Last Updated: June 28th, 2023

The global precision irrigation market size was valued at over USD 9 billion in 2021 and expected to grow at a significant CAGR of around 10% during the forecast period from 2022 to 2028. The increasing need among formers to produce an optimum crop with limited resources is one of the key factor to drive the market growth. Furthermore, the increasing demand for efficient irrigation systems and the growing number of government initiatives regarding the water conversation among various economies are further anticipated to fuel the market over the forecast period. Moreover, the growing utilization of advanced technologies and an increase in greenhouse vegetable production are projected to propel the market growth.

Market Drivers:

Increasing Water Scarcity and Stress on Water Resources: Water scarcity is a significant concern globally, especially in regions facing water stress and drought conditions. Precision irrigation technologies enable efficient water use by delivering water precisely to the root zone of plants, minimizing water wastage and optimizing water resources.

Need for Sustainable Agriculture Practices: There is a growing emphasis on sustainable agriculture practices to ensure long-term food security while minimizing the environmental impact. Precision irrigation plays a crucial role in sustainable agriculture by reducing water consumption, minimizing soil erosion, and optimizing fertilizer application, leading to improved resource efficiency and environmental stewardship.

Advancements in IoT and Sensor Technologies: Precision irrigation leverages advanced technologies such as the Internet of Things (IoT) and sensor technologies. IoT-enabled systems, along with soil moisture sensors, weather data, and crop monitoring devices, provide real-time information on soil moisture levels, weather conditions, and plant water needs. This data-driven approach enables farmers to make precise irrigation decisions, improving water use efficiency and crop productivity.

Increasing Adoption of Smart Farming Practices: The agriculture industry is embracing smart farming practices to improve productivity and optimize resource utilization. Precision irrigation is a key component of smart farming, enabling farmers to remotely monitor and control irrigation systems, automate irrigation schedules, and integrate irrigation data with other farm management systems. This integration improves operational efficiency and enables data-driven decision-making.

Government Initiatives and Regulations: Governments and regulatory bodies are recognizing the importance of water conservation in agriculture and are implementing policies and regulations to promote efficient irrigation practices. These initiatives include financial incentives, subsidies, and regulations that encourage the adoption of precision irrigation technologies, driving market growth.

Growing Focus on Crop Yield and Quality: Precision irrigation technologies enable farmers to provide crops with the precise amount of water needed at different growth stages. This precise control over irrigation helps optimize crop yield and quality, leading to improved profitability for farmers and meeting the increasing demand for high-quality produce.

Technological Integration and Automation: Precision irrigation systems can be integrated with other farm management technologies, such as crop monitoring systems, drones, and farm management software. Integration and automation streamline irrigation operations, improve decision-making, and optimize resource allocation, driving the adoption of precision irrigation.

Adoption of Precision Agriculture Techniques: Precision irrigation is a key component of precision agriculture, which involves using technology to optimize farming practices. The broader adoption of precision agriculture techniques, such as variable rate irrigation (VRI) and site-specific irrigation management, fuels the demand for precision irrigation systems.

Increasing Farm Sizes and Labor Constraints: As farm sizes increase and labor availability becomes limited, there is a need for more efficient and automated irrigation systems. Precision irrigation technologies, such as drip irrigation and sprinkler systems with automated controls, require less manual labor and provide consistent and precise water application across large farming areas.

Growing Awareness and Education: Increased awareness about the benefits of precision irrigation, including water savings, improved crop productivity, and environmental sustainability, is driving market growth. Education and training programs that highlight the advantages and best practices of precision irrigation contribute to its wider adoption among farmers and agricultural stakeholders.

Market Snapshot:

Benchmark Year 2022
Market Size > USD 9 Billion in 2021
Market Growth (CAGR) ~ 10% (2023-2030)
Largest Market Share North America
Analysis Period 2020-2030
Market Players The Toro Company, Rain Bird Corporation, Netafim Ltd., Jain Irrigation Systems Ltd., and Lindsay Corporation

Market Insights:

By type, the drip irrigation segment dominated the global market in 2021

The global precision irrigation market is bifurcated into type, crop type, application, and geography. On the basis of type, the market is further segmented into drip irrigation, sprinkler irrigation, and others. The drip irrigation segment dominated the global market in 2021 and is anticipated to grow at the same trend over the forecast period. The increasing adoption of the solution in greenhouse vegetables due to its ability to maintain soil moisture is a primary factor to drive the segment growth. Furthermore, the increasing adoption of the Internet of Things (IoT) in drip irrigation that allows controlling the system remotely is further anticipated to boost segment growth.

By application, the agriculture field segment is estimated to grow at a considerable CAGR over the forecast period

On the basis of application, the global precision irrigation market is segmented into agricultural fields, landscape and turf irrigation, greenhouse, residential, and others. The agricultural field segment is expected to register the fastest growth rate over the forecast period. The increasing adoption of the solution in the agriculture sector due to the growing need to enhance form productivity and increase crop yield is a prominent factor to drive the segment growth. Furthermore, the rising government initiatives regarding the water conversation among various countries is further anticipated to fuel the segment growth over the forecast period.

Precision Irrigation Market Size & Forecast

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The precision irrigation comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The precision irrigation market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Market Segmentation:

By Type:

  • Drip Irrigation
  • Sprinkler Irrigation
  • Others

By Application:

  • Agricultural Fields
  • Landscape and Turf Irrigation
  • Greenhouse
  • Residential
  • Others

By Crop Type:

  • Field Crops
  • Vegetable corps
  • Orchard Crops
  • Vineyards
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

North America is expected to hold the largest revenue share of over 1/3 market share by 2028

By region, North America dominated the global precision irrigation market in 2021 and is anticipated to hold a significant revenue share of over 1/3 market share by the end of the analysis period. The increasing adoption of the solution by farmers is one of the key factor to drive the market growth in the region. Furthermore, the early adoption of new technologies and the presence of some major market players are further anticipated to fuel the market growth in North America. On the flip side, the Asia Pacific is accounted to grow at the fastest CAGR over the forecast period. The increasing demand for food and the growing population in various economies are some major factors to drive the market growth in the Asia Pacific.

Geographically, the precision irrigation market report comprises dedicated sections centering on the regional market revenue and trends. The precision irrigation market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The precision irrigation market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Precision irrigation market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2022 – 2028.

Competitive Assessment:

Some of the prominent market players operating in the global precision irrigation market are The Toro Company, Rain Bird Corporation, Netafim Ltd., Jain Irrigation Systems Ltd., and Lindsay Corporation. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • The Toro Company
  • Rain Bird Corporation
  • Netafim Ltd.
  • Jain Irrigation Systems Ltd.
  • Lindsay Corporation
  • Rivulis Irrigation Ltd.
  • Valmont Industries Inc.
  • Elgo Irrigation Ltd.
  • Chinadrip Irrigation Equipment Co. Ltd.
  • Nelson Irrigation Corporation

Key Questions Answered by Precision Irrigation Market Report

  • Global precision irrigation market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Precision irrigation submarket forecasts from 2022-2028 covering the market by type, by application, by crop type, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level precision irrigation markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Precision Irrigation Market Portraiture
2.2. Global Precision Irrigation Market, by Type, 2021 (USD Mn)
2.3. Global Precision Irrigation Market, by Application, 2021 (USD Mn)
2.4. Global Precision Irrigation Market, by Crop Type, 2021 (USD Mn)
2.5. Global Precision Irrigation Market, by Geography, 2021 (USD Mn)

 

3. Global Precision Irrigation Market Analysis


3.1. Precision Irrigation Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Precision Irrigation Market By Type, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Drip Irrigation
4.3. Sprinkler Irrigation
4.4. Others

 

5. Global Precision Irrigation Market By Application, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. Agricultural Fields
5.3. Landscape and Turf Irrigation
5.4. Greenhouse
5.5. Residential
5.6. Others

 

6. Global Precision Irrigation Market By Crop Type, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. Field Crops
6.3. Vegetable corps
6.4. Orchard Crops
6.5. Vineyards
6.6. Others

 

7. North America Precision Irrigation Market Analysis and Forecast, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. North America Precision Irrigation Market by Type, (2019-2028 USD Mn)
7.3. North America Precision Irrigation Market by Application, (2019-2028 USD Mn)
7.4. North America Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
7.5. North America Precision Irrigation Market by Country, (2019-2028 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Precision Irrigation Market by Type, (2019-2028 USD Mn)
7.5.1.2. U.S. Precision Irrigation Market by Application, (2019-2028 USD Mn)
7.5.1.3. U.S. Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Precision Irrigation Market by Type, (2019-2028 USD Mn)
7.5.2.2. Canada Precision Irrigation Market by Application, (2019-2028 USD Mn)
7.5.2.3. Canada Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)

 

8. Europe Precision Irrigation Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1. Overview
8.2. Europe Precision Irrigation Market by Type, (2019-2028 USD Mn)
8.3. Europe Precision Irrigation Market by Application, (2019-2028 USD Mn)
8.4. Europe Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
8.5. Europe Precision Irrigation Market by Country, (2019-2028 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Precision Irrigation Market by Type, (2019-2028 USD Mn)
8.5.1.2. Germany Precision Irrigation Market by Application, (2019-2028 USD Mn)
8.5.1.3. Germany Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Precision Irrigation Market by Type, (2019-2028 USD Mn)
8.5.2.2. U.K. Precision Irrigation Market by Application, (2019-2028 USD Mn)
8.5.2.3. U.K. Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
8.5.3. France
8.5.3.1. France Precision Irrigation Market by Type, (2019-2028 USD Mn)
8.5.3.2. France Precision Irrigation Market by Application, (2019-2028 USD Mn)
8.5.3.3. France Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
8.5.4. Italy
8.5.4.1. Italy Precision Irrigation Market by Type, (2019-2028 USD Mn)
8.5.4.2. Italy Precision Irrigation Market by Application, (2019-2028 USD Mn)
8.5.4.3. Italy Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
8.5.5. Rest of Europe
8.5.5.1. Rest of Europe Precision Irrigation Market by Type, (2019-2028 USD Mn)
8.5.5.2. Rest of Europe Precision Irrigation Market by Application, (2019-2028 USD Mn)
8.5.5.3. Rest of Europe Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)

 

9. Asia Pacific Precision Irrigation Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1. Overview
9.2. Asia Pacific Precision Irrigation Market by Type, (2019-2028 USD Mn)
9.3. Asia Pacific Precision Irrigation Market by Application, (2019-2028 USD Mn)
9.4. Asia Pacific Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
9.5. Asia Pacific Precision Irrigation Market by Country, (2019-2028 USD Mn)
9.5.1. China
9.5.1.1. China Precision Irrigation Market by Type, (2019-2028 USD Mn)
9.5.1.2. China Precision Irrigation Market by Application, (2019-2028 USD Mn)
9.5.1.3. China Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Precision Irrigation Market by Type, (2019-2028 USD Mn)
9.5.2.2. Japan Precision Irrigation Market by Application, (2019-2028 USD Mn)
9.5.2.3. Japan Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
9.5.3. India
9.5.3.1. India Precision Irrigation Market by Type, (2019-2028 USD Mn)
9.5.3.2. India Precision Irrigation Market by Application, (2019-2028 USD Mn)
9.5.3.3. India Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific Precision Irrigation Market by Type, (2019-2028 USD Mn)
9.5.4.2. Rest of Asia Pacific Precision Irrigation Market by Application, (2019-2028 USD Mn)
9.5.4.3. Rest of Asia Pacific Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)

 

10. Latin America (LATAM) Precision Irrigation Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1. Overview
10.2. Latin America Precision Irrigation Market by Type, (2019-2028 USD Mn)
10.3. Latin America Precision Irrigation Market by Application, (2019-2028 USD Mn)
10.4. Latin America Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
10.5. Latin America Precision Irrigation Market by Country, (2019-2028 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Precision Irrigation Market by Type, (2019-2028 USD Mn)
10.5.1.2. Brazil Precision Irrigation Market by Application, (2019-2028 USD Mn)
10.5.1.3. Brazil Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico Precision Irrigation Market by Type, (2019-2028 USD Mn)
10.5.2.2. Mexico Precision Irrigation Market by Application, (2019-2028 USD Mn)
10.5.2.3. Mexico Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Precision Irrigation Market by Type, (2019-2028 USD Mn)
10.5.3.2. Rest of Latin America Precision Irrigation Market by Application, (2019-2028 USD Mn)
10.5.3.3. Rest of Latin America Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)

 

11. Middle East and Africa Precision Irrigation Market Analysis and Forecast, 2019 – 2028 (USD Mn)


11.1. Overview
11.2. MEA Precision Irrigation Market by Type, (2019-2028 USD Mn)
11.3. MEA Precision Irrigation Market by Application, (2019-2028 USD Mn)
11.4. MEA Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
11.5. Middle East and Africa Precision Irrigation Market, by Country, (2019-2028 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Precision Irrigation Market by Type, (2019-2028 USD Mn)
11.5.1.2. GCC Precision Irrigation Market by Application, (2019-2028 USD Mn)
11.5.1.3. GCC Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Precision Irrigation Market by Type, (2019-2028 USD Mn)
11.5.2.2. South Africa Precision Irrigation Market by Application, (2019-2028 USD Mn)
11.5.2.3. South Africa Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Precision Irrigation Market by Type, (2019-2028 USD Mn)
11.5.3.2. Rest of MEA Precision Irrigation Market by Application, (2019-2028 USD Mn)
11.5.3.3. Rest of MEA Precision Irrigation Market by Crop Type, (2019-2028 USD Mn)

 

12. Company Profiles


12.1. The Toro Company
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Rain Bird Corporation
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Netafim Ltd.
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Jain Irrigation Systems Ltd.
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Lindsay Corporation
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Rivulis Irrigation Ltd.
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Valmont Industries Inc.
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Elgo Irrigation Ltd.
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Chinadrip Irrigation Equipment Co. Ltd.
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Nelson Irrigation Corporation
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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