Precision Irrigation Market set to hit $10.3 billion by 2035, as the movement towards climate-resilient agriculture drives transformation

Industry revenue for Precision Irrigation is estimated to rise to $10.3 billion by 2035 from $3.8 billion of 2023. The revenue growth of market players is expected to average at 8.7% annually for period 2023 to 2035. Precision irrigation is critical across several key applications, including Agriculture, Greenhouses and Landscaping. The report unwind growth & revenue expansion opportunities at Technology, Type, Component and Application with industry revenue Forecast.

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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 and Toro Company. These players are pushing the boundaries of innovation & technological advancements and forging strategic partnerships to expand the existing reach of the market, thereby shaping its growth trajectory and future prospects by enlarging the total addressable market.

The Precision irrigation market is projected to expand substantially, driven by the Water Conservation Needs and Technological Advancements in Agriculture. This growth is expected to be further supported by Industry trends like Government Support for Sustainable Agriculture; and position the market's continued expansion to reach $6.8 billion by 2030. Moreover, the key opportunities, such as Emergence of Data-Driven Farming, Expansion into Developing Markets and climate change mitigation, are anticipated to create opportunistic revenue pockets in major demand hubs including U.S., India and China.

The U.S., India, China, Israel and Australia are leading the market, driving a significant share of global demand. Businesses in these countries can expect steady revenue growth of 6.4% to 9.1% annually from 2023 to 2035. At the same time, Brazil, South Africa and Egypt are emerging as exciting new opportunities, with fast-growing markets and evolving industry landscapes creating fresh avenues for expansion.

North America and Asia-Pacific are the two most active and leading regions in the market. With challenges like High Initial Costs and limited technical knowledge, market Eco-System is expected to evolve & expand further; and industry player’s will be pushed to make strategic shifts towards emerging markets including Brazil, South Africa and Egypt for expansion of the total addressable market (TAM).

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