According to a recent research, Industry revenue for Precision Irrigation is expected to rise to $6.8 billion by 2030 from $3.8 billion of 2023. The revenue growth of industry players is estimated to average at 8.7% annually for period 2023 to 2030. Growing end-industry applications in major countries like U.S., India and China, is driving the market demand high.
Research Study analyse the new revenue pockets, emerging markets, competition landscape, opportunities & niche insights for Technology (Smart Irrigation Controllers, Sensors, Flow Meters, Others), Type (Drip Irrigation, Sprinkler Irrigation, Micro-Irrigation) and Component (Hardware, Software, Services).
Access the detailed report here - ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐๐ญ๐๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐๐จ๐ฆ/๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ-๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ/๐ฉ๐ซ๐๐๐ข๐ฌ๐ข๐จ๐ง-๐ข๐ซ๐ซ๐ข๐ ๐๐ญ๐ข๐จ๐ง-๐ฆ๐๐ซ๐ค๐๐ญ-๐ซ๐๐ฌ๐๐๐ซ๐๐ก-๐ซ๐๐ฉ๐จ๐ซ๐ญ
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North America and Asia-Pacific are the two most active and leading regions in the market. In the Asia Pacific region there is a focus on cost solutions in the market; companies such as Jain Irrigation Systems and Rivulis are aiming to make precision irrigation technologies affordable and accessible to small and medium sized farms in the area. The increasing government backing, for agriculture is also influencing the competitive environment in this region.
With challenges like high initial costs and limited technical knowledge, Precision Irrigation marketโs eco system is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including Brazil, South Africa and Egypt for revenue diversification and TAM expansion. The rise of farming technologies, like artificial intelligence (AI) sensors and drones is transforming how irrigation is managed and driving the growth of the market.
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The Precision Irrigation market is characterized by intense competition, with a number of leading players 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. These players are pushing & penetrating the market with their strategies.
๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐๐ญ๐๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐๐จ๐ฆ/๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐๐ฌ๐๐ฆ๐ฉ๐ฅ๐/๐ฉ๐ซ๐๐๐ข๐ฌ๐ข๐จ๐ง-๐ข๐ซ๐ซ๐ข๐ ๐๐ญ๐ข๐จ๐ง-๐ฆ๐๐ซ๐ค๐๐ญ-๐ซ๐๐ฌ๐๐๐ซ๐๐ก-๐ซ๐๐ฉ๐จ๐ซ๐ญ
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