From GlobeNewswire: 2025-02-13 10:00:00

The Irrigation Automation Market was valued at USD 4.93 Billion in 2023, expected to reach USD 20.27 Billion by 2032, growing at a CAGR of 17.01%. Key players include Valmont Industries Inc., Hunter Industries, and Rain Bird Corporation. North America dominated the market in 2023, while Asia-Pacific is the fastest-growing region due to rising investments in modern agriculture practices. In November 2024, NETAFIM Italia acquired Tecnir S.r.l., enhancing precision irrigation solutions in Italy.

The market is segmented by system, irrigation type, component, automation type, and end-use. Automatic systems held the largest share in 2023, while drip irrigation accounted for 42.03% due to water-saving potential. Controllers played a critical role in 2023, accounting for over 34% of the market. Real-time feedback accounted for more than 32% of revenue share. The agricultural segment dominated the market at over 42% in 2023.

Recent developments include NETAFIM Italia’s acquisition of Tecnir S.r.l. in November 2024, strengthening precision irrigation solutions in Italy. SNS Insider is a leading market research and consulting agency providing clients with the knowledge needed to navigate changing circumstances. 1. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping 500 points. This was attributed to concerns over rising inflation and interest rates, causing investors to sell off their shares in a panic. Tech stocks were hit particularly hard, leading to a widespread sell-off across all sectors.

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