Global Smart Irrigation Market: Snapshot
The global smart irrigation market is
intensely competitive, which is expected to up over the years, finds
Transparency Market Research (TMR). The pace of new product developments and
innovations in the global smart irrigation market heavily influences the
contours. A majority of players in the global smart irrigation market consider
spending on research and development activities as a worthwhile strategy to
strengthen theirs shares in the global smart irrigation market. Top players in
the global smart irrigation market include Telsco Industries Inc., The Toro
Company, Rain Bird Corporation, Orbit Irrigation Products Inc., and Rachio Inc.
The growing number of mergers and acquisitions in the smart irrigation market
in various parts of the world is a key trend expected to escalate competition.
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The global smart irrigation market is projected to reach a
worth of US$2.32 billion by 2026 end. The market is predicted to register at an
impressive CAGR of 13.10% during 2017–2026.
Among the various types of components, smart irrigation
controller systems account for a prominent sales share in the global smart
irrigation market. The segment is expected to account for a sales worth of
US$900 Mn by 2026 end. The prominence is attributed to the rising role of
controller systems in smart irrigation.
On the regional front, Asia Pacific excluding Japan (APEJ)
is expected to rise at the most attractive year-over-year growth over the
assessment period. This is attributed to the rapid uptake of various smart
irrigation technologies in several of it emerging economies.
Growing Application of Smart Irrigation Technologies for
Water Conservation catalyze Growth
The global smart irrigation market is driven by the need for
bringing advancements in food production in various developing and developed
regions. The intensifying need for reducing the reliance of agriculturists on
rainfall for water needs in irrigation in developing economies has offered a
big momentum to the growing significance of such technologies. In addition,
rising need for minimizing excess water use in the agriculture sector is expected
to bolster the need for smart irrigation technologies. These technologies
enable agriculturists to monitor soil temperature and soil moisture, which
helps in correctly estimating water needs of plants. Furthermore, the demand or
smart irrigation systems is propelled by growing awareness about several
long-term benefits of smart irrigation on soil quality and agricultural yield.
The global smart irrigation market is expected to garner a
large gain from the rising adoption of an array of wireless communication
systems and sensors. Constant technological advances in networked sensors and
microcontrollers used in smart irrigation systems are anticipated to boost the
market. Substantial adoption among agricultural professionals world over is
expected to accentuate the growth.
The global smart
irrigation market is segmented based on:
Component Type
- Smart
Irrigation Controller System
- Soil
Moisture Sensor
- Rain
or Freeze Sensor
- Water
Management Platform
- Flow
Management Solution
- Other
Sensors
End User
- Agri
Professionals
- Commercial
Properties
- Communities
- Education
& Play Grounds
- Architect
& Specifiers
- Others
Solution Type
- Smart
Irrigation Management
- Leak
& Flow Management
- Water
Budget Management
- Drought
Compliance Management
- Other
Solutions
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In the end,
Smart Irrigation industry report specifics the major regions, market scenarios
with the product price, volume, supply, revenue, production, and market growth
rate, demand, forecast and so on. This report also presents SWOT analysis,
investment feasibility analysis, and investment return analysis.
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