The Infinium Global Research analyzes the Smart Irrigation Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global smart irrigation market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of smart irrigation. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the smart irrigation market during the period.
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Increasing Concern About Water Along with Expanding the Need for Minimizing Excess Water Use in the Agriculture Sector Are Contributing to the Growth of the Global Smart Irrigation Market
Smart irrigation systems are advanced irrigation systems that tailor watering schedules to meet specific landscape requirements. By offering a variety of advantages, smart irrigation systems are being highly adopted in several parts of the world. The main working of smart irrigation systems is to improve the efficiency of water usage among the depleting levels of water. Although several firms and whole industries have collapsed in the wake of coronavirus, the agriculture industry is holding firm. The traditional agriculture is actually turning to agtech faster than ever before to adapt to resource issues. Even though the supply chain has been facing disruptions, the ongoing domestic demand for food will remain and food and agribusiness sectors are increasing their capabilities to respond to the crisis. Moreover, Agritech startups will also be further strengthened as several countries seek to increase domestic production and limit imports. All these aforementioned factors will have a positive impact on the smart irrigation market over the forecast years.
Further, the key factors such as increasing concern about water along with expanding the need for minimizing excess water use in the agriculture sector are contributing to the growth of the global smart irrigation market during the forecast period. Besides this, increasing the adoption rate of smart irrigation systems and solutions in schoolyards, government parks, and community botanical gardens is also boosting the market growth.
Additionally, IoT based smart irrigation System helps the farmer to avoid the wastage of water resources is another factor boosting the growth of the smart irrigation market in the coming year. However, high installment cost is expected to hamper the growth of this market in the forecast period. Going further, new product launches by the smart irrigation players in terms of controllers, sensors, and water flow meters creates growth opportunities for the market.
North American Region is Expected to Have the Largest Revenue in the Global Smart Irrigation Market
As per the geographic trends, the North American region is expected to have the largest revenue in the global smart irrigation market as North American countries such as the U.S and Canada are the front-runners in the high adoption of advanced technologies. Farmers in the North America regions are increasingly adopting IoT related devices such as sensors, microcontrollers, and water flow meters. Additionally, the presence of leading players such as The Toro Company, HydroPoint, Rachio, and many others is likely to have a positive impact on the growth of the North America smart irrigation market. These players are launching innovative products and services. On the other hand, Europe has the second-largest share in the total addressable market.
However, the Asia Pacific region is expected to register a healthy CAGR in the forecast period. Asian countries such as China, India, Japan, and South Korea are inclined towards the adoption of a smart irrigation system and solutions. Moreover, increasing concern regarding water is one of the major factors responsible for the growth of the Asia Pacific smart irrigation market.
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Smart Irrigation Market: Segmentation
The report on the global smart irrigation market covers segments such as component, system type, and end-user. On the basis of component, the sub-markets include sensors, and controllers. On the basis of system type, the sub-markets include weather-based, and sensor-based. On the basis of end-user, the sub-markets include commercial properties, agri professionals, education & play grounds, and other end-users.
Smart Irrigation Market: Companies Profiled
The report provides profiles of the companies in the market such as Banyan Wate, Weathersmatic, Galocn, Stevens Water, Netafim, Hunter Industries, Rain Bird Corporation, Toro Company, and other companies.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the smart irrigation.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2026.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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