Brazil, South Africa, and Egypt are the fastest growing demand hubs within the $3.8 billion Precision Irrigation market and expected to grow with a CAGR range of 6.4% and 9.1% for the period of 2024 to 2030. Agriculture and greenhouses are major application areas for Precision Irrigation and market competition is fierce in these applications. In the field of gardening and farming technology accurate watering is crucial for keeping plants in greenhouses thriving. Having the balance of water can make a big difference in how well plants grow. Leading companies like Rivulis offer tools that combine soil moisture sensors with automatic watering systems ensuring that plants get just the right amount of water at all times by using up to date information. This not only boosts productivity but also cuts down on the need, for manual work.
Leading players in such as Netafim, Jain Irrigation Systems, Lindsay Corporation, Rivulis, Toro Company, Valmont Industries, Rain Bird Corporation, Hunter Industries, Nelson Irrigation, Irritec, T-L Irrigation and DripWorks are pushing the boundaries of innovation and forging strategic partnerships to capture larger market share.
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In the face of changing water availability due to climate change, precision irrigation offers farmers a way to adjust accordingly.
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As per research study, Precision Irrigation is expected to rise to $10.3 billion by 2035 from $3.8 billion of 2023 with a CAGR of 8.7%. North America market thrives with innovation and the active involvement of players like Netafium and Toro. These companies prioritize incorporating cutting edge technologies such, as AI and IoT into irrigation systems. The premium pricing tactics adopted in this area mirror the advanced technological prowess of these market leaders.
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