PUBLISHER: Grand View Research | PRODUCT CODE: 1726166
PUBLISHER: Grand View Research | PRODUCT CODE: 1726166
U.S. Irrigation Insurance Market Size, Share & Trends Analysis Report By Component, By Type Of Coverage, By Distribution Channel, And Segment Forecasts, 2025 - 2030
U.S. Irrigation Insurance Market Trends:
The U.S. irrigation insurance market size was estimated at USD 350.4 million in 2024 and is projected to grow at a CAGR of 5.0% from 2025 to 2030. 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.
U.S. Irrigation Insurance Market Report Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. irrigation insurance market report based on component, type of coverage, and distribution channel:
- 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
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. U.S. Irrigation Insurance Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. U.S. Irrigation Insurance Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
- 3.3.1. Industry Analysis - Porter's
- 3.4. Pain Point Analysis
Chapter 4. U.S. Irrigation Insurance Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. U.S. Irrigation Insurance Market: Component Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Center Pivot Structure
- 4.3.1. Center Pivot Structure Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Sprinkler Systems
- 4.4.1. Sprinkler Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Motors and Pumps
- 4.5.1. Motors and Pumps Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Electrical Systems
- 4.6.1. Electrical Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Others
- 4.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. U.S. Irrigation Insurance Market: Type of Coverage Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.1.1. U.S. Irrigation Insurance Market: Type of Coverage Movement Analysis, 2024 & 2030 (USD Million)
- 5.2. Comprehensive Coverage
- 5.2.1. Comprehensive Coverage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3. Mechanical Breakdown Coverage
- 5.3.1. Mechanical Breakdown Coverage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Weather-related Coverage
- 5.4.1. Weather-related Coverage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Others
- 5.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. U.S. Irrigation Insurance Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.1.1. U.S. Irrigation Insurance Market: Distribution Channel Movement Analysis, 2024 & 2030 (USD Million)
- 6.2. Insurance Brokers & Agents
- 6.2.1. Insurance Brokers & Agents Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3. Direct Sales
- 6.3.1. Direct Sales Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Online Platforms
- 6.4.1. Online Platforms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Positioning
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. UNICO Group, Inc.
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. Chubb Agribusiness
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. Agri Industries
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. Plummer Insurance
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. Scribner Insurance Agency
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. Gerald Ross Agency
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. Central Valley Irrigation
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. DFS Insurance
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. Western Shelter Insurance, Inc.
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. Pivot Center
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Strategic Initiatives
- 7.4.1. UNICO Group, Inc.
List of Tables
- Table 1 U.S. Irrigation Insurance Market size estimates & forecasts 2018 - 2030 (USD Million)
- Table 2 U.S. Irrigation Insurance Market, by Component 2018 - 2030 (USD Million)
- Table 3 U.S. Irrigation Insurance Market, by Type of Coverage 2018 - 2030 (USD Million)
- Table 4 U.S. Irrigation Insurance Market, by Distribution Channel 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 U.S. Irrigation Insurance Market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value chain-based sizing & forecasting
- Fig. 7 Parent market analysis
- Fig. 8 Market formulation & validation
- Fig. 9 U.S. Irrigation Insurance Market snapshot
- Fig. 10 U.S. Irrigation Insurance Market segment snapshot
- Fig. 11 U.S. Irrigation Insurance Market competitive landscape snapshot
- Fig. 12 Market research process
- Fig. 13 Market driver relevance analysis (Current & future impact)
- Fig. 14 Market restraint relevance analysis (Current & future impact)
- Fig. 15 U.S. Irrigation Insurance Market: Component outlook key takeaways (USD Million)
- Fig. 16 U.S. Irrigation Insurance Market: Component movement analysis 2024 & 2030 (USD Million)
- Fig. 17 Center Pivot Structure market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Sprinkler Systems market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 19 Motors and Pumps market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Electrical Systems market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 21 U.S. Irrigation Insurance Market: Type of Coverage outlook key takeaways (USD Million)
- Fig. 22 U.S. Irrigation Insurance Market: Type of Coverage movement analysis 2024 & 2030 (USD Million)
- Fig. 23 Comprehensive Coverage market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 24 Mechanical Breakdown Coverage market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Weather-related Coverage market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Other market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 27 U.S. Irrigation Insurance Market: Distribution Channel outlook key takeaways (USD Million)
- Fig. 28 U.S. Irrigation Insurance Market: Distribution Channel movement analysis 2024 & 2030 (USD Million)
- Fig. 29 Direct Sales market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 30 Insurance Brokers & Agents market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 31 Online Platforms market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 32 Strategy framework
- Fig. 33 Company Categorization
