Precision irrigation's market value is predicted to be $4.2 billion by 2030

1. Precision Irrigation Market to be Worth $4.2 Billion by 2030

2. Global Precision Irrigation Market – 2023-2030 Meticulous Research®, a leading global market research firm, has recently published an extensive report titled 'Precision Irrigation Market.' This comprehensive study explores various facets, including solutions and services provided, irrigation methods such as sprinklers, drip systems, and surface irrigation, and key industries such as agriculture, turf & sports fields, and residential sectors. The report forecasts growth trends up to 2030, predicting a market size of $4.2 billion by that time, with a notable compound annual growth rate (CAGR) of 11.7%. Factors driving this expansion include increased focus on water efficiency and conservation, widespread adoption of precision irrigation to improve crop yields and quality, and governmental support through policies and subsidies, such as low-interest loans for precision irrigation systems. However, challenges such as high initial costs and ongoing maintenance of hardware, software, and infrastructure present constraints. Nevertheless, advancements in sensor-based technologies and automated irrigation controls are expected to open new growth opportunities. Persistent challenges, particularly in rural areas with connectivity issues, continue to limit broader implementation. The report segments the precision irrigation market based on offerings (software, hardware, services), types of irrigation (surface, sprinklers, drip, center pivot, among others), end users (including agriculture - covering field crops, orchards, vineyards, greenhouse applications - residential, turf and sports fields, golf courses, parks, landscapes, and others), and geographical regions. Additionally, it features competitive analyses at both regional and national levels, offering a comprehensive view of the competitive landscape. Based on offering, Within the precision irrigation market, the main segments revolve around solutions and services. By 2023, the solutions segment is expected to take the lead, fueled by increasing adoption of precision irrigation solutions aimed at enhancing crop yields and quality. Key drivers behind this trend include heightened environmental awareness among farmers, the expansion of large-scale agricultural operations, and the need to conserve water, energy, and labor costs. Innovations in data-driven insights into soil moisture and weather conditions further strengthen the solutions segment, projected to achieve the highest compound annual growth rate (CAGR) throughout the forecast period. Based on irrigation type, The precision irrigation market encompasses various categories, including surface irrigation, sprinkler irrigation, drip irrigation, center pivot irrigation, and other specialized methods. By 2023, the sprinkler irrigation segment emerges as the market leader. This dominance is driven by several factors: increasing demand for cost-effective irrigation solutions, efficient water distribution ensuring uniformity, the need to protect crops from extreme temperatures, and the rising adoption of sprinkler systems in high-value crops like coffee, cardamom, and orchards. Furthermore, this segment is expected to maintain the highest compound annual growth rate (CAGR) throughout the forecast period. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Global Precision Irrigation Market – 2023-2030 Based on end user, The precision irrigation market comprises a variety of segments, including agriculture, residential areas, turf and sports fields, golf courses, parks, landscapes, and other user groups. By 2023, the agriculture segment is expected to dominate the precision irrigation market. This leadership is fueled by increasing efforts to boost efficiency and productivity through optimal use of resources such as water and fertilizer. Additionally, initiatives aimed at minimizing soil erosion and water pollution to reduce environmental impact are significant drivers of growth in this segment. There is also a growing demand for precise water application in agriculture to support crop growth, maintain landscapes, and enhance soil health. Furthermore, the agriculture segment is projected to achieve the highest compound annual growth rate (CAGR) during the forecast period. Based on geography, The precision irrigation market is divided geographically into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. By 2023, Asia- Pacific is positioned to lead the precision irrigation market. This leadership is influenced by several factors: a pressing requirement to increase crop yields and meet growing agricultural needs, governmental backing for sustainable farming practices and water conservation, advancements in agricultural technology across the region, and varied climatic conditions that favor the adoption of precision irrigation for effective water management and crop cultivation. Moreover, Asia-Pacific is anticipated to sustain the highest compound annual growth rate (CAGR) throughout the forecast period. Key Players: Prominent players in the precision irrigation market include Netafim Limited, a subsidiary of Orbia Advance Corporation, S.A.B. de C.V. (Israel); 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). Download Sample Report Here @ https://www.meticulousresearch.com/download-sample- report/cp_id=5748 Key questions answered in the report. •Which segments demonstrate significant growth opportunities in terms of product offerings, irrigation techniques, target markets, and global regions? •What is the historical performance of the precision irrigation sector? Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Global Precision Irrigation Market – 2023-2030 •What are the market forecasts and projections for the period 2023 to 2030? •What are the key drivers, constraints, opportunities, challenges, and emerging trends influencing the precision irrigation market? •Who are the leading players in the precision irrigation sector, and what are their market shares? •What does the competitive landscape look like within the precision irrigation market? •What recent advancements have been made in precision irrigation technology? •What strategies have major players adopted in the precision irrigation market? •What significant regional trends exist, and which countries are experiencing notable market growth? •Who are the emerging local competitors in the precision irrigation market, and how do they compete with established firms? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com