More efficient irrigation automation, control, and monitoring solutions will take on the long-term challenge of water scarcity in the world, especially if governments’ conservation efforts include restrictions on irrigation frequency and duration. The global irrigation water solutions market generated revenue of $11.22 billion in 2020. Frost & Sullivan forecasts a compound annual growth rate (CAGR) of 8.0% through 2026 for revenue of $17.79 billion. Of course, agriculture is an inherently unpredictable industry: extreme weather, crop diseases, natural disasters, or significant produce price fluctuations could affect farmers’ ability to invest in new equipment. Conservation initiatives would compel farmers to be more conscious of their water use and consider the benefits of drip irrigation and smart, data-driven solutions that could increase crop yields yet reduce costs.

Strategic Imperatives 

Growth Opportunity Analysis 

Growth Opportunity Analysis—North America 

Growth Opportunity Analysis—Latin America 

Growth Opportunity Analysis—Europe 

Growth Opportunity Analysis—Asia-Pacific

Growth Opportunity Analysis—Middle East and Africa 

Growth Opportunity Universe