Irrigation Automation Market to Grow at a CAGR of 18.5% through 2025
by Mit K. SEOThe global 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. The increasing instances of drought and
water scarcity across the globe demand more efficient usage of water. The
rising demand for agricultural products has led to the mechanization of farm
processes, including irrigation.
The
irrigation automation market witnessed significant growth due to factors such
as stringent government rules regarding agricultural water levels, increasing
water wastage in the form of evaporation, and farm runoff. Key players in the
market include The Toro Company (US), Hunter Industries (US), Valmont
Industries Inc. (US), Rain Bird (US), Jain Irrigation Systems (India), Lindsay
Corporation (US), Netafim (Israel), Galcon (Israel), Rubicon Water (Australia),
Weathermatic (US), Nelson Irrigation (US), Mottech Water Solution Ltd (Israel),
Avanijal Agri Automation Pvt Ltd. (India), Calsense (US), Water Bit (US), and
Hydropoint Data Systems (US), Ranch Systems (US), Grow Link (US), Irritec S.P.A
(Italy), Blurain (India), Growgreen Irrigation Systems (India), Novagric
(Spain), Hortau (US), Tevatronic (Italy), and Dorset Group B.V (Netherlands).
These major players have been focusing on new products, services, and
technology launches to improve their offerings to the market.
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Scope of the Report
Based on Sytem:
- Automatic
- Semi-Automatic
Based on Irrigation Type:
- Sprinkler irrigation
- Drip irrigation
- Surface irrigation
Based on Components:
- Controllers
- Sensors
- Weather-based
- Soil-based
- Fertigation sensors
- Valves
- Sprinklers
- Other Components
- Flow meters
- Pressure Gauge
- Monitoring devices
Based on End-use:
- Agricultural
- Open fields
- Greenhouses
- Non-agricultural
- Golf courses
- Lawns
- Sports grounds
Based on Automation type:
- Time-based
- Volume-based
- Real-time based
- Computer-based control
system
Based on Region:
- North America
- Europe
- Asia Pacific
- South America
- Rest of the World
(RoW) (Middle East & Africa)
Asia-Pacific is projected to grow at the highest CAGR during the
forecast period
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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Market Dynamics
Drivers
·
Increased
mechanization and adoption of smart technologies for agricultural activities
·
Government
initiatives to promote water conservation to drive the market growth for
irrigation automation
·
Awareness
among farmers about the benefits of automated irrigation technologies
Restraints
·
High
costs associated with the installation and the lack of technical knowledge
among users
·
Data
management and data aggregation in irrigation automation systems
Opportunities
·
Increasing
adoption of modern techniques for irrigation in developing countries
·
The
presence of large farms across the globe presents opportunities for automated
irrigation
Challenges
·
Lack
of good infrastructure for the efficient functioning of irrigation automation
systems
·
Implementation
of automated irrigation in fragmented land holdings
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Created on Jun 2nd 2021 05:28. Viewed 151 times.