At what pace is the precision irrigation market growing, and what is its estimated value?
The precision irrigation market size has grown rapidly in recent years. It will grow from $9.55 billion in 2024 to $11.13 billion in 2025 at a compound annual growth rate (CAGR) of 16.6%. The growth in the historic period can be attributed to increasing concerns about water scarcity and drought conditions, climate change impacts, increasing adoption of IoT and AI increasing farm sizes, rising labor costs.
The precision irrigation market size is expected to see rapid growth in the next few years. It will grow to $20.29 billion in 2029 at a compound annual growth rate (CAGR) of 16.2%. The growth in the forecast period can be attributed to climate change adaptation, demand for sustainable agriculture solutions, expansion of smart agriculture practices, growing recognition of the interconnectedness between water. Major trends in the forecast period include integration with digital farming platforms, enhanced water management solutions, integration with climate-smart agriculture practices, water-energy nexus optimization, IoT and sensor technologies.
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What are the key forces behind the precision irrigation market’s growth in recent years?
The increasing demand for agricultural products is expected to propel the growth of the precision irrigation market going forward. Agricultural products refer to goods or commodities produced through farming or agricultural practices. The demand for agricultural products is rising due to population growth, changing diets, biofuel production, urbanization, and food security concerns. Precision irrigation is used in the agriculture sector to deliver water to crops precisely and efficiently, optimize water usage, reduce water waste, and improve crop yields. For instance, In January 2023, according to reports published by Agriculture and Agri-Food Canada, a Canada-based government department, Canada’s total field crop production was 34.1% higher than in 2021. Further, in the 2022–23 period, Canada’s wheat production (excluding durum) saw a 47% increase compared to 2021–22, reaching 28.4 million metric tons. Therefore, an increasing demand for the agriculture sector is driving the growth of the precision irrigation market.
What are the major segments of the precision irrigation market?
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 dominate the precision irrigation market?
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
What major trends will shape the precision irrigation market during the forecast period?
Major companies operating in precision irrigation market are focusing on developing innovative filtration system for irrigation, such as AlphaDisc filters, to enhance irrigation system protection against clogging caused by organic contaminants. AlphaDisc filtration system is a filtration technology or process incorporating novel approaches, materials, or designs to efficiently remove impurities, pollutants, or particles from a fluid. For instance, in February 2022, Netafim, a Malaysia-based technology company, launched its new AlphaDisc filter, an innovative filtration system designed to protect irrigation systems against clogging caused by organic contaminants. This innovative filter offers high efficiency, precise depth filtration, high dirt-holding capacity, and a hyper-modular design, allowing easy scalability as growers’ needs evolve. Additionally, it features high efficiency, high dirt-holding capacity, a hyper-modular design, and a smart controller. These features collectively make this filter a vital resource for growers, especially in the face of challenges posed by deteriorating water quality due to climate change, pollution, and other factors, ultimately helping to improve growing conditions, reduce the risk of clogging, and increase crop yields.
What are the key regional dynamics of the precision irrigation market, and which region leads in market share?
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.
What Does The Precision Irrigation Market Report 2025 Offer?
The precision irrigation market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Precision irrigation is an innovative and sustainable agricultural method that enables the targeted delivery of water and nutrients to plants at precise times and locations, utilizing small, measured doses. This approach utilizes advanced technologies to optimize water usage efficiency, minimize water waste, enhance crop yield and quality, and help farmers improve productivity and conserve water resources.
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