Precision Irrigation Market

The precision irrigation market is estimated at USD 4.18 billion in 2024 and is projected to reach USD 6.29 billion by 2029, at a CAGR of 8.5% from 2024 to 2029. The global demand for precision irrigation is growing because it helps improve farming efficiency and crop yields while conserving resources. Key factors driving demand for precision irrigation include climate change, water scarcity, and the push for sustainable farming. Unlike traditional irrigation, precision irrigation uses water more efficiently by delivering the right amount directly to crops, reducing waste, and improving yields. According to The World Bank, the world's population is expected to reach nearly 10 billion by 2050, meaning there will be less arable land per person to produce enough food. As resources dwindle and food demand rises, precision irrigation becomes essential for improving crop production while conserving water and ensuring long-term food security.

Valmont Industries, Inc. (US)

Valmont Industries, Inc. is one of the leading company in infrastructure and water management systems. The company operates through two key segments: Infrastructure and Agriculture. Under the "Valley Irrigation" brand, Valmont manufactures and distributes a wide range of advanced irrigation equipment. The company provides a wide range of irrigation solutions, such as drip, sprinkler, and variable rate irrigation technologies. With around 270 dealers in North America and another 270 across over 60 countries, Valmont Industries, Inc. has built a robust global distribution network for its precision irrigation products.

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The company has a significant presence in North America, where the US and Canada accounted for 70% of its sales revenue in 2023. This dominance highlights Valmont’s strength in North America, one of the largest precision irrigation markets. Valmont Industries, Inc. actively pursues strategic partnerships and agreements to enhance its market presence while continuously innovating its precision irrigation technologies.

NETAFIM (Israel)

NETAFIM, based in Israel, is a key player in the precision irrigation industry, offering a wide range of irrigation tools and water technologies. They offer sprinkler irrigation, drip irrigation, fertigation, and mobile drip systems for both agricultural and non-agricultural uses. The company focuses on organic growth through new product development while also exploring partnerships for expansion. For instance, to address the issue of food security, NETAFIM and E20 INVESTMENT LTD signed a Memorandum of Understanding (MoU) in August 2023 in the United Arab Emirates. The purpose of this agreement was to promote sustainable farming practices and improve precision irrigation solutions globally.

Operating in North America, South America, Europe, the Middle East & Africa, and the Asia Pacific region, NETAFIM has over 2,500 employees and three manufacturing facilities. Their focus on sustainability and customer service enables them to provide tailored solutions for both small farmers and large agricultural businesses.

Hunter Industries Inc. (US)

Hunter Industries Inc. is a leading provider of precision irrigation solutions, focusing on both drip and sprinkler systems for agricultural and non-agricultural uses. The company offers a wide range of products, including gear-driven rotors, rotary nozzles, spray sprinklers, and weather sensors. Its brands—Hunter for residential and commercial applications, Hunter Golf, and Senninger for agriculture—highlight its broad market reach.

Operating in more than 120 countries, including Mexico, Australia, Spain, the Middle East, and China, Hunter Industries prioritizes sustainability by developing advanced systems that optimize water and energy use. The Hydrawise platform reflects the company's dedication to innovation and digital solutions. Furthermore, Hunter Industries focuses on growth through partnerships, like its February 2022 collaboration with POGO, which enhanced its Hunter Pilot Network with advanced sensor technologies, strengthening its position in the precision irrigation sector.

Related Reports:

Precision Irrigation Market by Type (Sprinkler Irrigation, Drip Irrigation,), Component (Controllers, Sensors, Water Flow Meters), Technology Type, End Use (Agriculture, Nonagriculture) and Region - Global Forecast to 2029

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