Irrigation Automation Market: Trend, Forecast, Opportunityby Mit K. SEO
The 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.
By irrigation type, drip irrigation segment is estimated to account for a larger market share, in terms of value
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.
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By components, controllers segment is estimated to account for a larger market share, in terms of value
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.
By automation type, time-based irrigation automation system is projected to account for a larger market share
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.
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.
This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the irrigation automation market. It includes the profiles of leading companies, such as 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), Irritec S.P.A (Italy), Blurain (India), Novagric (Spain), Hortau (US), Tevatronic (Italy), and Dorset Group B.V (Netherlands).Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=60266313
Created on Oct 18th 2021 07:57. Viewed 70 times.