Smart Irrigation Market: Global Market Growth Study, Future Trends, Demands, and Top Players Data by Forecast to 2027
The glaring scarcity of water globally is pushing users to find new
ways to adopt better methods for water usage and consumption. Market reports
linked to the semiconductors and electronics industry have been made available
by Market Research Future which creates reports on other industry verticals
that outlines the current market scenarios. The Smart
Irrigation
Market is set to attain revenues worth USD 1561 Million by
2022 while developing at 17% CAGR in the forecast period.
Smart Irrigation
practices have emerged as a practical alternative to the water challenges being
faced globally. Moreover, smart irrigation is also found to beneficial to the
water requirements of plants in agriculture and gardening especially.
Many users of smart irrigation practices endorse the savings that are achieved
in terms of water usage and labor as well, which is a key motivator for the
market’s growth. The growing awareness of product types of the market will spur
the progress of the market extensively in the forecast period.
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Segmental
Analysis
The segmentation of
the smart irrigation market is carried out on the basis of component, type,
application, and region. By component, the smart irrigation market is segmented
into water/flow meter, smart detection system/network elements and sensors. On
the basis of type, the market is segmented into soil moisture-based irrigation
systems and weather-based (et) irrigation systems. The application basis of
segmentation of the smart irrigation market consists of non-agriculture and
agriculture. The market covers regions such as the Asia Pacific, the Americas,
Europe and Rest of the World.
Detailed
Regional Analysis
The smart irrigation
market includes regions such as the Asia Pacific, Americas, Europe and Rest of
the World in its regional analysis. The North America region is anticipated to
control in the market in the forecast period due to the growing worry
surrounding water conservation and the need to curtail the wastage of resources
by the governments in the North American region. The government initiatives
towards smart irrigation in North America region is motivating the smart
irrigation market in this region. The Asia Pacific countries like Japan, China,
India, and Korea are anticipated to show a rapid spike in demand for smart
irrigation. The Asia Pacific region is anticipated to progress as the most
rapidly rising region in the smart irrigation market.
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Competitive Analysis
The leadership inclinations in the market are strengthening the
level of development that can be achieved in the existing market
scenario. The changes seen in terms of strategy execution and creation
are altering the expansion pace of the market. The plan formulation process in
the market has become extensively easier in which deviations are well accounted
for; this approach raises the comprehensive success of these plans in the
market. The evolution patterns are revised in tandem to the customer likings to
realize the highest growth, and in the long run, viability. The framework for
growth tactics also has stimulated the market for possible new entrants. The
market is also well fortified to meet the challenges and keep up with the
active growth trends effectively. The market contenders are making considerable
adjustments to minimize the incidence of competitive shortcomings.
The influential
companies in the smart irrigation market are Rain Bird Corporation (U.S.),
Libelium (Spain), HydroPoint (U.S.), The Toro Company (U.S.), AquaSpy (U.S.),
Aquacell Systems (Australia), Baseline Inc. (U.S.), Hortau (U.S.), Hunter
Industries (U.S.), among others.
Industry
Updates:
Feb 2018 Rain Bird is
including another model to the LFX line-up. The new LFX600 offers an advanced
maximum flow rate and a wider throw radius to cover an even broader range of
irrigation applications. The sprinklers are ideal for low volume applications
in under-tree or overhead configurations, including orchard and field
irrigation, environmental control, crop cooling, and dust control.
Sep 2018 Rachio has revealed its first smart sprinkler controller
with HomeKit integration. After an easy set up process, users can control their
sprinkler through the Home app or using their voice with Siri. iPhones or even
HomePods can easily be commanded to turn on your sprinklers, view watering
zones and status, enable or disable watering among other features.
TABLE OF CONTENTS
1 Executive
Summary
2 Scope Of The
Report
2.1 Market
Definition
2.2 Scope Of
The Study
2.2.1 Research
Objectives
2.2.2
Assumptions & Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
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