2024 Precision Irrigation Market Analysis: Market Size, Key Drivers, and Segment Insights
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What Will Be the Growth Trajectory of the Precision Irrigation Market from 2024 to 2033?
The precision irrigation market is expected to rise from $8.11 billion in 2023 to $9.23 billion in 2024, with a CAGR of 13.94%. This growth is influenced by water scarcity concerns, climate change, IoT and AI adoption, larger farms, and rising labor costs.
The precision irrigation market is projected to see significant growth, reaching $15.40 billion by 2028 at a CAGR of 13.7%. Factors driving this growth include climate change adaptation and sustainable agriculture demand. Key trends involve digital farming platform integration and enhanced water management solutions.
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What Are the Primary Growth Drivers for the 2024 Precision Irrigation Market Analysis: Market Size, Key Drivers, and Segment Insights Market?
The growing demand for agricultural products is expected to advance the precision irrigation market. This demand is fueled by population growth, changing diets, and food security concerns. Precision irrigation efficiently delivers water to crops, optimizing usage and improving yields. Agriculture and Agri-Food Canada reported a 34.1% increase in field crop production in 2022 compared to 2021. Thus, the rising agricultural demand is driving the precision irrigation market.
What Are the Defining Segments of the Precision Irrigation Market?
1) By Type: Sprinkler Irrigation; Drip Irrigation
2) By Offering: Solutions; Services
3) By End User: Agriculture; Residential; Turf And Sport Fields; Golf Courses, Parks, And Landscapes; Other End Users
What Trends Are Revolutionizing Standards in the Precision Irrigation Market?
Companies in the precision irrigation market are innovating with filtration systems like AlphaDisc to protect irrigation from clogging. In February 2022, Netafim launched this filter, which enhances irrigation efficiency and addresses challenges related to water quality and pollution, ultimately improving crop yields.
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What Regions Are Propelling Growth in the Precision Irrigation Industry?
North America was the largest region in the precision irrigation market in 2023. The regions covered in the precision irrigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Precision Irrigation Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the precision irrigation market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Precision Irrigation Market Include
1. Precision Irrigation Market Executive Summary
2. Precision Irrigation Market Segments
3. Precision Irrigation Market Size And Template Market Growth Rate
4. Key Precision Irrigation Market Trends
5. Major Precision Irrigation Market Drivers
……
25. Key Mergers And Acquisitions In The Precision Irrigation Market
26. Top Precision Irrigation Companies
27. Precision Irrigation Market Opportunities And Strategies
28. Precision Irrigation Market, Conclusions And Recommendations
29. Appendix
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