Meticulous Research®, a renowned global market research entity, is pleased to announce the unveiling of its in-depth research report titled 'Precision Irrigation Market by Offering (Solutions, Services), Irrigation Type (Sprinklers Irrigation, Drip Irrigation, Surface Irrigation), End User (Agriculture, Turf & Sport Fields, Residential), and Geography - Global Forecast to 2030.’
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In this latest publication from Meticulous Research®, the precision irrigation market is anticipated to surge to $4.2 billion by 2030, exhibiting a robust Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period. The pivotal drivers propelling this growth include the escalating need for enhanced water efficiency and conservation, the widespread adoption of precision irrigation to augment crop yield and quality, and the increasing impetus from government policies and subsidies offering low-interest loans for precision irrigation system implementation. Nevertheless, the market faces challenges stemming from the high initial costs and maintenance associated with hardware, software, and infrastructure. Moreover, the evolving landscape witnesses a growing investment in sensor-based systems and automated irrigation controllers, presenting valuable growth prospects. However, the connectivity challenges for implementation in rural areas pose a significant hurdle for industry players. The report also sheds light on the emerging trends, showcasing an uptick in the utilization of machine learning and artificial intelligence in the precision irrigation sector.
Key Highlights and Segmentation Overview:
Offering:
• Solutions
• Services
In 2023, the solutions segment is anticipated to dominate the precision irrigation market, attributing its success to the surging implementation of precision irrigation solutions. This surge is driven by the growing need to optimize crop yield and quality, heightened environmental awareness encouraging farmers to adopt precision irrigation solutions, the rise of large-scale farming operations, and the increasing availability of data-driven insights on soil moisture and weather conditions. The solutions segment is also projected to register the highest CAGR during the forecast period.
Irrigation Type:
• Surface Irrigation
• Sprinklers Irrigation
• Drip Irrigation
• Center Pivot Irrigation
• Other Irrigation
The sprinklers irrigation segment is poised to claim the largest market share in 2023, fueled by the increasing demand for affordable irrigation, high irrigation efficiency resulting from uniform water distribution, the imperative need to shield crops against high temperatures, and the growing utilization of sprinklers irrigation for high-value plantation crops like coffee, cardamom, and orchards. This segment is also expected to register the highest CAGR during the forecast period.
End User:
• Agriculture
• Residential
• Turf & Sport Fields
• Golf Courses
• Parks and Landscapes
• Other End Users

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In 2023, the agriculture segment is projected to dominate the precision irrigation market, driven by the growing need to optimize efficiency and productivity by judiciously utilizing resources like water and fertilizer. Additional factors include initiatives to reduce environmental impact by minimizing soil erosion and water pollution, the increasing need for precise and targeted water application in agriculture, and the imperative to cultivate crops, maintain landscapes, and revegetate disturbed soils. The agriculture segment is expected to register the highest CAGR during the forecast period.
Geography:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
Asia-Pacific is anticipated to lead the precision irrigation market in 2023, underscoring its dominance through factors such as the need to maximize crop yields, address the growing demand for agricultural products, government initiatives promoting sustainable agricultural practices and water conservation, advancements in agricultural technology, and diverse climatic conditions conducive to the adoption of precision irrigation for efficient water use and crop management. The Asia-Pacific market is expected to register the highest CAGR during the forecast period.
Key Players: Leading the charge in the precision irrigation market are key players, including Netafim Limited (Israel) (A Subsidiary of Orbia Advance Corporation, S.A.B. de C.V.), 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).
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Key Questions Addressed in the Report:
• Which market segments exhibit high-growth potential based on offering, irrigation type, end user, and geography?
• What is the historical market trajectory for precision irrigation?
• What are the forecasts and estimates for the precision irrigation market from 2023 to 2030?
• What are the primary drivers, restraints, opportunities, challenges, and trends shaping the precision irrigation market?
• Who are the major players, and what market shares do they command in the precision irrigation sector?
• What does the competitive landscape look like in the precision irrigation market?
• What recent developments characterize the precision irrigation market?
• What strategies have major players employed in the precision irrigation market?
• What geographic trends are shaping the market, and which countries offer high-growth potential?
• Who are the emerging local players in the precision irrigation market, and how do they compete with established players?

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