Precision Irrigation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2024

Precision
irrigation is defined as the application of a precise amount of water
at the correct time and appropriate locations in an agricultural field.
It is a part of precision agriculture which also includes variable-rate
nutrients, seeding, and pesticide application. Currently, around 80% of
cultivated land is not irrigated at all and relies on only rainwater.
The remaining 20% uses three methods of irrigation: flood (surface),
micro (drip), and mechanized irrigation. Globally, flood irrigation is a
widely used method. However, it is an inefficient technique as it leads
to the entire field getting watered, including immense areas of the
field where no crops are being grown. As the fertilizer is delivered to
the field through water, a large amount of fertilizer is also wasted.
Moreover, different regions within the field require different amounts
of water depending on the soil porosity. Potential for conservation
arises from not irrigating parts of land without crops and through the
efficient utilization of water. Though the economic value of using
precision irrigation has not been justified yet, the growing need for
water conservation is likely to increase its desirability.
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Precision
irrigation is projected to save approximately 10–15% of water used in
traditional irrigation. Other benefits include increased harvestable
area, decreased incidence of diseases, and leaching. The shift to
commercial machines for use in precision irrigation is uncomplicated and
can be accomplished easily. Soil moisture and crop water requirement
are relevant factors for these systems and can be monitored in different
ways. However, precision irrigation is faced with a number of drawbacks
which prohibit its widespread use in agriculture. Its usage is not
economical at the current grain price to water cost ratio, the addition
of fertilizers or animal waste to irrigation water needs to be heavily
regulated, and the rate of infiltration of water into the soil and the
water storage capacity of soil vary spatially. If any or both of these
attributes are lower in one location than in the bulk of the field, it
results in surface runoff despite the machine being correctly designed
for a major portion of the field. Runoff collecting within the irrigated
area can create a pond, causing aeration damage to the crop.
Increasing
attention to conservation of water in places facing a scarcity of
water, technical developments such as GPS monitoring systems, growing
environmental awareness, regulatory constraints on water use, and
governmental incentives are likely to increase the use of precision
irrigation in agriculture. The adoption of this technology is more
widespread in the development sector as growers have access to capital.
The considerable size of the fields also justify the use of precision
irrigation. The U.S., Canada, and Australia are at the forefront of
implementing precision irrigation as a means for increasing crop yield,
as the extent of mechanization in agriculture is already significant in
these countries. In Europe, the U.K. was the first to utilize precision
irrigation, with Germany and France also rapidly adopting this
technology. There exists a huge potential for precision irrigation in
the GCC, which invests heavily in innovative solutions to overcome the
problem of scarcity of water to boost crop production. The technology is
currently not economically viable in most parts of Asia Pacific and
Africa and is therefore restricted to niche agricultural research
institutes in these regions. Japan, South Korea, Taiwan, and some parts
of China are attractive markets for precision irrigation.
Key
players in this market are Valmont Industries, Inc, Hortau, Precision
Irrigation Services (Aust) Pty Ltd, Hunter Industries, Netafim,
Precision Lawn Irrigation, Inc., Trimble Inc., Aquaspy, and CropMetrics.
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