Dublin, July 03, 2025 (GLOBE NEWSWIRE) -- The "U.S. Irrigation Insurance Market Size, Share & Trends Analysis Report by Component (Center Pivot Structure, Motors & Pumps), Type of Coverage (Comprehensive Coverage, Mechanical Breakdown Coverage), Distribution Channel, with Growth Forecasts, 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The U.S. Irrigation Insurance Market was valued at USD 350.4 Million in 2024, and is projected to reach USD 465.8 Million by 2030, rising at a CAGR of 5.00%
Irrigation systems are now a crucial investment in modern agriculture. Farmers seek insurance coverage to protect against mechanical failures, natural disasters, and operational disruptions. The market growth is primarily influenced by factors such as the growing adoption of advanced irrigation systems, rising climate uncertainties, and increasing awareness among farmers about financial protection against equipment failures and weather-related damages.
Farmers in the U.S. are increasingly adopting advanced irrigation systems to improve water efficiency, boost crop yields, and reduce costs. Sprinkler and drip irrigation technologies are gaining popularity as water scarcity and climate variability grow. Government incentives and subsidies are encouraging investment in modern irrigation infrastructure. With more farmers relying on these systems, irrigation insurance is in higher demand to protect against mechanical failures, malfunctions, and weather-related damage. Insurance plays a key role in ensuring the long-term resilience and sustainability of U.S. agriculture.
Rising climate uncertainties are significantly increasing risk exposure for U.S. farmers, making irrigation insurance. Extreme weather events such as droughts, floods, and heavy precipitation are impacting crop yields, soil quality, and overall farm productivity. In 2024, in the U.S., weather-related disasters caused over USD 20.3 billion in agricultural losses, with a substantial portion remaining uninsured or outside policy coverage limits. This underscores the need for robust irrigation insurance solutions, supporting market growth as farmers seek financial protection against unpredictable climate risks.
Furthermore, prolonged drought conditions in Southern and Midwestern states have severely damaged field crops. Ranchers have been forced to sell livestock early due to high feeding costs. Excessive rainfall has led to soil erosion and agricultural runoff, threatening water quality and farm sustainability. The increasing climate challenges are driving higher demand for comprehensive irrigation insurance. Farmers need coverage to mitigate financial risks from unpredictable weather, system failures, and crop damage, ensuring long-term agricultural resilience.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $350.4 Million |
| Forecasted Market Value (USD) by 2030 | $465.8 Million |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | United States |
U.S. Irrigation Insurance Market Variables, Trends, & Scope
- Market Lineage Outlook
- Market Dynamics
- Market Driver Analysis
- Market Restraint Analysis
- Industry Challenge
- U.S. Irrigation Insurance Market Analysis Tools
- Industry Analysis - Porter's
- PESTEL Analysis
Companies Featured
- UNICO Group, Inc.
- Agri Industries
- Chubb Agribusiness
- Plummer Insurance
- Scribner Insurance Agency
- Gerald Ross Agency
- Central Valley Irrigation
- DFS Insurance
- Western Shelter Insurance, Inc.
- Minnesota Valley Irrigation
U.S. Irrigation Insurance Market Report: Segmentation
Component Outlook (Revenue, USD Million, 2018-2030)
- Center Pivot Structure
- Sprinkler Systems
- Motors and Pumps
- Electrical Systems
- Others
Type of Coverage Outlook (Revenue, USD Million, 2018-2030)
- Comprehensive Coverage
- Mechanical Breakdown Coverage
- Weather-related Coverage
- Others
Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Direct Sales
- Insurance Brokers & Agents
- Online Platforms
For more information about this report visit https://www.researchandmarkets.com/r/j52ktq
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
