Frost Radar™: Irrigation Systems, 2024

Frost Radar™: Irrigation Systems, 2024

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

Irrigation enables controlled, supervised provision of water to vegetation, avoiding wastage due to evaporation, wind, drainage, or overflow. This prevents over- and under-irrigation of landscapes and fields that can affect plant growth and health, adapting to crop-specific demands and water availability.

Technology-based irrigation, excluding cheaper, but less efficient manual and surface irrigation that are labor-intensive and rely mainly on nature, comprises several segments covered in this Frost Radar™: pumping technologies, micro irrigation, mechanical irrigation, and smart irrigation. Analysis of these technologies also covers 3 potential applications of irrigation systems: agricultural irrigation, landscape irrigation, and greenhouse irrigation.

The irrigation systems industry is forecast to increase from $14.0 billion in 2023 to $31.4 billion in 2030 at a compound annual growth rate of 12.2%. Asia-Pacific and North America will likely become the main hotspots for irrigation, with the smart irrigation segment dominating the industry, fueled by efficiency and sustainability demands.

This Frost Radar™ reveals the market positioning of 15 companies in the irrigation systems industry based on their Growth and Innovation scores, as highlighted in the Frost Radar™ methodology. The 15 companies profiled are: Calsense, CropX, DAB Pumps, Galcon, Grundfos, Hunter Industries, HydroPoint, Jain Irrigation Systems, Lindsay Corporation, NEC Corporation, Netafim, Planet Labs, Rivulis, The Toro Company, and Valmont Industries.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™, considering their strengths and the opportunities that best fit those strengths.