Irrigation Automation Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Irrigation Automation Market is segmented Automation Type (Time-based, Volume-based, Real-time based, Computer-based Control System), By Component, Co....
Irrigation Automation Market Size
Market Size in USD
CAGR6.8%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 6.8% |
| Market Concentration | Medium |
| Major Players | The Toro Company, Hunter Industries, Valmont Industries Inc., Rain Bird Corporation, Jain Irrigation Systems |
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Irrigation Automation Market Analysis
The Global Irrigation Automation Market is estimated to be valued at USD 4.8 Bn in 2024 and is expected to reach USD 5.6 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031. The growing awareness about water conservation and availability is driving more farmers and agricultural companies to adopt irrigation automation systems to optimize water usage. Advance irrigation solutions allow remote monitoring and control of irrigation schedules as well as collect field data to improve yield and reduce wastage.
The irrigation automation market is expected to witness strong growth over the forecast period. The rising global population and decreasing arable land is increasing the pressure on the agricultural industry to produce more with limited resources like water. Adopting automated irrigation systems allows precise and efficient use of water through moisture and weather sensors as well as remote controls. This helps boost agricultural productivity while saving water which is positive in driving the demand for irrigation automation solutions.