Market Highlights
The smart irrigation market 2020 is assessed to exhibit a considerable growth rate. Smart irrigation refers to those techniques of farming that adopt optimum utilization of water resources. Water scarcity is expected to drive demand for this in the years to come. The report provided by Market Research Future (MRFR) observes that the global smart irrigation market is poised to mark 18.6% CAGR over the forecast period 2018 to 2023. The estimated valuation of the market is presumed to reach USD 1.87 Bn by 2023 end.
Global Smart Irrigation Market prospect is inspiring as it is way lot data-oriented in modern times. The market is getting budget-friendly at the same time. In fact, the market is swiftly expanding powered by IoT-technology in an irrigation system in modern times. These technicalities help the farmers in lowering the extent of wastes. At the same time, it assures greater productivity as well. In short, the investors are much assured than ever about the market on all aspects of the return.
An interesting part about smart irrigation is that it is capable enough to lower the expense associated with irrigation with optimum utilization of resources. It also provides a great aid for the controllers, helping them in precisely figuring out the issues associated with the usage of high-end irrigation system. It eventually makes farmers take the most appropriate decision regarding cultivation. All this assurance, in an era when around 70 percent of water is used through the irrigation process, the methods as of above really encourage investment.
Segmentation:
The international smart irrigation market is segmented in terms of component, application, type, and vertical.
On the basis of components, the market is segmented into sensors, controllers, water flow meter, and fertilizer meter.
Again, Sensors can be further segmented into soil moisture sensors, temperature sensors, pressure sensors, dendrometer sensors, rain sensors, flow sensors, freeze sensors, and wind sensors.
Controllers are again segmented into Wi-Fi controllers; residential AC powered controllers, battery controllers, hybrid controllers, electric controllers.
On the basis of application, the market is segmented into water resource management, soil management, groundwater management.
On the basis of product type, the market is segmented into a weather-based controller system and sensor-based controller system.
In terms of vertical, the market is segmented into agriculture and non-agriculture.
And, the agriculture segment is further segmented into the greenhouse and open field. The non-agriculture segment is segmented again into residential, turf & landscape, golf course, and others.
Regional Analysis
The geographical analysis of the smart irrigation market is covered in this assessment for the following region-based segments – North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW). These segments are studied and analyzed on the basis of countries for a comprehensive approach. North America is supposed to dictate the growth pattern of the market due to the consolidation of players such as Toro Company, Rain Bird Corporation, and Banyan Water, among others. Also, the adoption of advancing smart technologies is presumed to lead the expansion of the smart irrigation market across the review period. The U.S. and Canada are prognosticated to contribute to the expansion of the smart irrigation system market in the years to come.
Industry News
Cole of Duty publishes a report about the international smart irrigation market research. The report analyses all key aspects associated with the market, contributing to the growth of the market. It predicts the growth rate during the forecasted period upon taking all key aspects associated. It identifies the key market domains showing great prospects.
