NEW YORK , Aug. 16, 2024 /PRNewswire/ -- The global automatic irrigation equipment market size is estimated to grow by USD 2.99 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of about 14.75% during the forecast period. Technological advances in automatic irrigation equipment is driving market growth, with a trend towards rise in adoption of AI and ML in automatic irrigation equipment.
However, easy availability of substitutes of automatic irrigation systems poses a challenge. Key market players 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.. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Automatic Irrigation Equipment Market Scope Report Coverage Details 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 2999.6 million Market structure Fragmented YoY growth 2022-2023 (%) 13.02 Regional analysis North America, Europe, APAC, South America, and Mi.