Precision Irrigation Equipment Market Size, Share, Growth, and Industry Analysis, By Type (Drippers and Drip Lines, Sprinklers and Special Emitters, Filters, Valves, Flexible and PE Pipes, Connectors and Other), By Application (Farmland, Public Parks, Gardens & Household Lawns and Others) and Regional Forecast to 2032

Updated On: 29 April 2024

PRECISION IRRIGATION EQUIPMENT MARKET REPORT OVERVIEW

The global precision irrigation equipment market size was USD 3503 million in 2022 and the market is projected to touch USD 4761.9 million by 2028 at a CAGR of 5.3% during the forecast period.

Precision irrigation equipment encompasses a range of technologies designed to optimize water usage in agricultural practices, thereby enhancing crop yield and quality while conserving resources. These systems employ various sensors, actuators, and control mechanisms to deliver water precisely where and when it is needed, tailored to the specific requirements of crops and soil conditions. One key component of precision irrigation is soil moisture sensors, which monitor the moisture content in the soil and relay real-time data to a central control system. This enables farmers to accurately gauge the moisture levels and schedule irrigation accordingly, preventing overwatering or underwatering which can lead to yield loss or soil degradation. Additionally, precision irrigation systems often integrate weather forecast data to adjust watering schedules dynamically, taking into account factors such as rainfall and evapotranspiration rates, further optimizing water usage.

Precision irrigation equipment includes advanced irrigation methods such as drip irrigation and micro-sprinklers, which deliver water directly to the roots of plants with minimal wastage. These systems are often coupled with automated controllers that adjust water flow based on the specific needs of different areas within the field, ensuring uniform distribution and maximizing efficiency. Moreover, technologies such as remote monitoring and control enable farmers to manage irrigation systems remotely via smartphones or computers, providing flexibility and convenience while reducing labor costs. Overall, precision irrigation equipment plays a crucial role in sustainable agriculture by promoting water conservation, improving crop productivity, and ultimately contributing to food security in an increasingly water-stressed world.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering; with the precision irrigation equipment market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic led to disruptions in global supply chains, affecting the production and distribution of precision irrigation equipment. Lockdowns, restrictions on movement, and temporary closures of manufacturing facilities resulted in delays in sourcing raw materials, components, and finished products. This disrupted supply chains, leading to shortages and delays in fulfilling orders, thereby impacting the availability of precision irrigation equipment in the market.

Economic uncertainties caused by the pandemic prompted farmers and agricultural enterprises to exercise caution in their capital expenditures. Many farmers postponed or scaled back investments in new precision irrigation equipment due to financial constraints and uncertain market conditions. This reduced demand for precision irrigation systems, affecting sales and revenue for manufacturers and suppliers. The market is anticipated to boost the precision irrigation equipment market growth following the pandemic.

LATEST TRENDS

"Smart Water Management Platforms to Drive Market Growth"

Companies were developing smart water management platforms that provide farmers with comprehensive insights into their irrigation systems. These platforms offered features such as remote monitoring, predictive analytics, and data visualization tools, empowering farmers to make informed decisions and maximize the efficiency of their irrigation practices. There was a growing trend of integrating Internet of Things (IoT) and Artificial Intelligence (AI) technologies into precision irrigation systems. IoT sensors were being used to collect real-time data on soil moisture levels, weather conditions, and crop health, while AI algorithms were analyzing this data to optimize irrigation schedules and water usage more effectively. These latest developments are anticipated to boost the precision irrigation equipment market share.

PRECISION IRRIGATION EQUIPMENT MARKET SEGMENTATION

By Type                  

Based on type the global market can be categorized into Drippers and Drip Lines, Sprinklers and Special Emitters, Filters, Valves, Flexible and PE Pipes, Connectors and Other.

• Drippers and Drip Lines: Drippers, also known as drip emitters, are devices designed to deliver water directly to the root zone of plants in a slow, precise manner. They are typically installed along drip lines, which are flexible tubes with evenly spaced drippers. Drip irrigation systems are widely used for row crops, orchards, vineyards, and greenhouse applications, offering efficient water distribution, reduced water wastage, and improved crop yield and quality.
• Sprinklers and Special Emitters: Sprinklers are devices that disperse water over a designated area in the form of droplets or mist. They come in various types, including impact sprinklers, rotary sprinklers, and micro-sprinklers. Special emitters, such as micro-sprayers and misters, are designed for specific applications requiring precise water distribution, such as nurseries, landscape irrigation, and greenhouses.
• Filters: Filters are essential components of precision irrigation systems that remove impurities, debris, and sediment from the water supply to prevent clogging and ensure the proper functioning of irrigation equipment. Common types of filters include screen filters, disc filters, and media filters, which vary in their filtration efficiency, maintenance requirements, and capacity to handle different water sources. Filters help maintain water quality, protect irrigation components, and optimize system performance in diverse agricultural settings.
• Valves: Valves are control devices used to regulate the flow of water within irrigation systems, controlling the distribution and timing of water delivery to different zones or sections of the field. Various types of valves are available, including manual valves, electric valves, hydraulic valves, and solenoid valves, each offering different levels of automation, precision, and control options. Valves play a critical role in optimizing water usage, managing pressure, and ensuring efficient operation of precision irrigation systems.
• Flexible and PE Pipes: Flexible pipes, often made of materials like PVC (Polyvinyl chloride) or polyethylene (PE), are used to transport water from the water source to the irrigation system's distribution points, such as drippers or sprinklers. PE pipes, known for their durability, flexibility, and resistance to corrosion and chemicals, are commonly used in irrigation applications. Flexible pipes allow for easy installation, customization, and adaptation to various field layouts and topographies, facilitating efficient water delivery in precision irrigation systems.
• Connectors: Connectors, also referred to as fittings or couplings, are components used to join and secure pipes, hoses, and irrigation components within the irrigation system. They enable the creation of a network of pipes and tubing, facilitating the seamless flow of water from the water source to the irrigation endpoints. Connectors come in various types, including tees, elbows, couplers, adapters, and valves, offering versatility and flexibility in designing and configuring precision irrigation systems to meet specific requirements and field conditions.

By Application

Based on application the global market can be categorized into Farmland, Public Parks, Gardens & Household Lawns and Others.

• Farmland: Drip irrigation systems are extensively used in farmland for row crops, orchards, vineyards, and specialty crops like vegetables and berries. Drippers and drip lines deliver water directly to the root zone of plants, promoting efficient water usage, reducing water wastage, and enhancing crop yield and quality. Sprinkler systems, including impact sprinklers, rotary sprinklers, and micro-sprinklers, are employed in farmland for broad-acre crops, pasturelands, and larger agricultural fields. Sprinklers provide uniform water distribution over a designated area, supporting crop growth and development across diverse terrain and crop types.
• Public Parks, Gardens & Household Lawns: Drip irrigation systems are utilized in public parks, gardens, and household lawns to provide precise water delivery to plants, shrubs, and trees. Drippers and drip lines deliver water directly to the root zone, minimizing water runoff and evaporation, and promoting healthy plant growth in landscaped areas. Sprinkler systems, including rotary sprinklers and micro-sprinklers, are commonly used in public parks, gardens, and household lawns for uniform water distribution over large areas of grass, turf, and landscaped beds. Sprinklers provide efficient coverage and support the maintenance of lush green lawns and vibrant gardens.

DRIVING FACTORS

"Increasing Demand for High-Quality Crops to Boost the Market"

There is a growing demand for high-quality crops, driven by factors such as population growth, changing dietary preferences, and rising consumer awareness of food quality and safety. Precision irrigation equipment enables farmers to optimize crop production, improve yield and quality, and meet the increasing demand for high-value crops, thereby driving market growth. Climate change and extreme weather events, such as droughts, floods, and erratic rainfall patterns, pose significant challenges to agricultural productivity and water management. Precision irrigation equipment helps mitigate the impact of climate variability by providing farmers with tools and technologies to adapt to changing environmental conditions, optimize water usage, and maintain crop productivity in the face of adverse weather events.

"Water Scarcity & Sustainability Concerns to Expand the Market"

Increasing water scarcity and the need for sustainable water management practices are significant drivers of the precision irrigation equipment market. As water resources become increasingly limited, there is growing pressure on farmers to adopt efficient irrigation technologies that optimize water usage, minimize wastage, and maximize crop yield per drop of water. Government initiatives and policies aimed at promoting sustainable agriculture and water conservation play a significant role in driving the precision irrigation equipment market. Subsidies, incentives, and regulatory measures that encourage the adoption of water-efficient irrigation technologies contribute to market growth by reducing the financial barriers for farmers and creating a favorable environment for investment in precision irrigation equipment. These factors are anticipated to drive the precision irrigation equipment market share.

RESTRAINING FACTOR

"Limited Access to Financing to Potentially Impede Market Growth"

The upfront costs associated with purchasing and installing precision irrigation equipment can be significant, including expenses for sensors, controllers, pumps, and infrastructure. For many small and medium-sized farmers, especially in developing countries, these high initial investment costs may act as a barrier to adoption, limiting market penetration. Access to financing and credit facilities is essential for farmers to invest in precision irrigation equipment. However, in many regions, particularly in developing countries, farmers may face challenges in accessing affordable financing options or may lack the necessary collateral to secure loans. Limited access to financing can constrain the adoption of precision irrigation equipment and restrict market growth. The factors are anticipated to hinder the growth of the precision irrigation equipment market growth.

PRECISION IRRIGATION EQUIPMENT MARKET REGIONAL INSIGHTS

"The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa."

North America is Dominating the Market with Large-Scale Commercial Farming and Technological Advancements

North America is home to a significant number of large-scale commercial farms that prioritize efficiency, productivity, and sustainability. Precision irrigation equipment enables these farms to optimize water usage, increase crop yields, and reduce input costs, contributing to their competitiveness and profitability. The adoption of precision irrigation technologies is thus widespread among large-scale agricultural operations in North America. North America, particularly the United States, is at the forefront of technological innovation in agriculture. The region has a strong ecosystem of research institutions, technology companies, and agricultural producers that drive advancements in precision irrigation equipment. This technological leadership enhances the adoption and development of advanced precision irrigation solutions in the region.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Netafim [Israel]
• Vinduino [U.S.]
• Tevatronic [Israel]
• Mottech [Israel]
• Precision Irrigation [New Zealand]

INDUSTRIAL DEVELOPMENT

February 2022:, The AeroGarden Farm XL is an advanced hydroponic indoor gardening system manufactured by AeroGrow International, Inc. It is designed to provide a convenient and efficient solution for commercial and large-scale residential indoor gardening. The system allows users to grow a wide variety of plants, herbs, vegetables, and flowers year-round, regardless of outdoor conditions.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.