Market Leaders in Irrigation Automation Market
by Mit K. SEOThe irrigation
automation market size is estimated to account for a value of USD 2.8
billion in 2020 and is projected to grow at a CAGR of 18.5% from 2020 to reach
a value of USD 6.7 billion by 2025. Factors such as increased mechanization and
adoption of smart technologies for agricultural activities, government
initiatives to promote water conservation, and the growing awareness among
farmers about the benefits of adopting irrigation automation are the key
drivers fueling the growth of the irrigation automation market. New product,
service, and technology launch was the dominant strategies adopted by key
players to capitalize on the strong market potential.
Key Players:
• The Toro Company (US)
• Hunter Industries (US)
• Valmont Industries Inc. (US)
• Rain Bird (US)
• Jain Irrigation Systems (India)
• Lindsay Corporation (US)
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Most developing
countries across the globe make use of irrigation technologies, such as
sprinklers and drip irrigation. The automation of drip irrigation has become
increasingly popular due to higher consistency in yields, reduced power usage
as compared to sprinkler irrigation, the possibility of being used in smaller
pieces of land, and higher efficiency in the application of fertilizers with
little or no leaching.
The market for
semi-automatic irrigation systems holds the largest as the demand for
irrigation systems, which would allow the growers to modify the irrigation
process is high in open fields and greenhouses. Semi-automatic systems are
relatively cost-effective and hence are adopted in developing countries such as
India, China, and Brazil.
Non-agricultural
applications of irrigation control include sports grounds, residential,
pastures, turf & landscapes, golf courses, and gardens. Automatic watering
systems in golf courses enable the owners and the growers to adjust the
watering based on time or volume and control it remotely.
The irrigation
automation market, based on components, is segmented into controllers, valves,
sensors, sprinklers, and other components, which include pressure gauges,
monitoring devices, and flow meters. Controllers hold the largest share as they
are the central unit of the entire irrigation automation system and are also
the costliest component. The increased demand for semi-automatic systems, such
as time-based and volume-based systems, in developing countries, has led to an
increase in demand for simple controllers across the globe.
The market for
irrigation automation, based on automation type, has been segmented into
time-based, volume-based, real-time feedback, and computer-based irrigation
control systems. Since developing countries majorly use irrigation automation
systems for agricultural lands, the need for semi-automated irrigation systems,
which would allow timely intervention at different irrigation stages, and is
cost-effective remains high. Due to these factors, the time-based segment is
projected to account for the largest share in the irrigation automation market.
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Geographical Prominence:
The increased
awareness among farmers about the benefits related to the adoption of
semi-automated and automated irrigation systems, along with reducing water
levels in river basins of the Asia Pacific region, are some of the factors
driving the growth of the market. The change in precipitation pattern is
compelling farmers to use sensor-based irrigation systems to take
better-informed decisions.
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Created on Jun 17th 2020 07:47. Viewed 208 times.