NEW YORK, Aug. 16, 2024 — According to Technavio, the global market for automatic irrigation equipment is projected to expand by USD 2.99 billion from 2024 to 2028. The market is expected to grow at a compound annual growth rate (CAGR) of approximately 14.75% during this period. The surge in market growth is primarily driven by technological advancements in automatic irrigation systems, particularly the integration of artificial intelligence (AI) and machine learning (ML). These technologies enhance real-time data analysis, predictive modeling, and automated decision-making, optimizing water usage and improving crop health. However, the availability of alternative irrigation methods poses a challenge to market growth. Key players in the market include Automat Industries Pvt. Ltd., Bermad CS Ltd., Galcon Bakarim Agricultural Cooperative Society Ltd., Grundfos Holding AS, Hunter Industries Inc., Husqvarna AB, HydroPoint Data Systems Inc., Irritrol, Jain Irrigation Systems Ltd., Lindsay Corp., Mazzei Injector Co. LLC, Morrill Industries Inc., Nelson Irrigation Corp., Novedades Agricolas SA, Orbia Advance Corp. S.A.B. De C.V., Rachio Inc., Rain Bird Corp., Rubicon Water, The Toro Co., and Valmont Industries Inc.

Market Scope:

•  Base Year: 2023

•  Historic Period: 2018 – 2022

•  Forecast Period: 2024-2028

•  Growth Momentum & CAGR: Accelerate at a CAGR of 14.75%

•  Market Growth 2024-2028: USD 2.99 billion

•  Market Structure: Fragmented

•  YoY Growth 2022-2023 (%): 13.02

•  Regional Analysis: North America, Europe, APAC, South America, and Middle East and Africa

•  Performing Market Contribution: North America at 30%

•  Key Countries: US, China, Germany, UK, and Japan

Market Drivers:

The integration of AI and ML in automatic irrigation equipment has significantly boosted market growth. These technologies enable precise water management by monitoring soil moisture, weather patterns, and plant water needs, leading to efficient water usage and improved crop productivity. AI-powered systems also facilitate predictive modeling and anomaly detection, enhancing system reliability and reducing maintenance costs.

Market Challenges:

Despite the benefits, the high initial costs of automatic irrigation systems may deter some buyers, particularly small-scale farmers. Cost-effective alternatives such as pipe irrigation, mat irrigation, and flood irrigation remain popular due to their affordability and ease of use.

Segment Overview:

The market is segmented by product (automatic irrigation controllers, sensors, valves, injectors, and flow meters), end-user (agriculture, commercial, and residential), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Research Analysis:

The market for automatic irrigation equipment is driven by the need for efficient water management in agriculture and other sectors. The adoption of smart technologies, including AI and ML, is transforming irrigation practices, leading to better resource utilization and sustainable agricultural practices.