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The global irrigation water solutions market generated revenue of $11.22 billion in 2020. Frost & Sullivan forecasts a compound annual growth rate 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.

This study examines historical revenue and the market potential for irrigation pumps, micro irrigation (drip and sprinklers), mechanical irrigation (center pivot and lateral mover systems), and smart irrigation technologies in North America, Latin America, Europe, the Asia-Pacific region, and the Middle East and Africa. The study period is from 2017 to 2026.

The research considers market drivers and restraints, notes the main competitors in each region, and considers growth opportunities for market participants. The unique characteristics of each region, including wealth disparities, the scale of farming operations, and connectivity, mean that companies cannot take a one-strategy-fits-all approach for growth.