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Smart Irrigation Market Application, Share Till 2027

The study segments the Smart Irrigation industry in light of major classification such as product type, potential markets, application, and end-user.

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Smart Irrigation Market Application, Share Till 2027

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  1. Smart Irrigation Market To Reach USD 2,687.7 Million By 2026

  2. Market Summary The increase in the need for conservation of water along with the benefits of smart irrigation over the traditional techniques is expected to fuel market growth. Market Size – USD 650 million in 2018, Market Growth - CAGR of 17.1%, Market Trends –Rise in Awareness about conservation of water and an increase in investment for R&D. According to the current analysis of Reports and Data, the global smart irrigation market is estimated to grow at a CAGR of 17.1% and reach USD 2,687.7 million in 2026. These systems monitor weather, soil conditions, evaporation and plant water use to automatically adjust the watering schedule to actual conditions of the site. The market is experiencing a growth trajectory primarily due to demand from farmers and agriculturalists who wish to automate the process of agriculture so that the water usage is reduced. The emergence of large institutional farms and the popularity of irrigating landscaped gardens are some other significant factors driving the growth of this industry

  3. Our Approach Our Approach Market Summary Traditional watering methods can waste as much as 50% of the water used due to inefficiencies in irrigation, evaporation, and overwatering. Moreover, they operate on a timer and do not respond to weather conditions or the amount of water necessary for a plant. These factors have augmented the need for smart irrigation, which uses sensors for real-time or historical data to inform watering routines and modifies watering schedules to improve efficiency. However, the lack of technical knowledge and the high initial cost of controllers and sensors of smart irrigation systems are likely to hinder the growth of the market. Most farmers in developing countries are illiterate and deficient in the skills required to operate these systems. Europe accounted for 33% of the market in 2019 and is projected to grow significantly in the forecast period. As the water quantity and scarcity concerns have arisen in a tragic way, the usage of efficient water management is now becoming a momentous topic in Europe. According to the EU Common Agricultural Policy (CAP), the member states are required to achieve the full cost of recovery of water services via water pricing, considering the environmental and resource water cost. The integration of smart technologies in irrigation systems can help the agriculture industry in overcoming the shortcomings of traditional farming practices. Requestfor a sampleof this research report @ https://www.reportsanddata.com/sample-enquiry-form/2359

  4. Our Approach Our Approach Market Summary The major key players in the industry are Netafim Ltd. (Israel), Calsense (U.S.), The Toro Company (U.S.), Rain Bird Corporation (U.S.), Hunter Industries (U.S.), Hydropoint Data System, Inc. (U.S.), Galcon Ltd. (Israel), Rachio Inc. (U.S.), and Weathermatic (U.S.). For the purpose of this report, Reports and Data has segmented the Smart irrigation Market on the basis of type, component, application and region: Type (Revenue, USD Million; 2016–2026) • Climate Based Controller System • Soil Moisture Controller System Component (Revenue, USD Million; 2016–2026) • Sensors • Controllers • Water Flow Meters • Software • Other Components Application (Revenue, USD Million; 2016–2026) • Agricultural fields • Landscape and Turf Irrigation • Greenhouse • Residential • Others

  5. Our Approach Our Approach Market Summary Regional Outlook (Revenue in USD Million; 2016–2026) • North America • Europe • Asia Pacific • Rest of the World Order Now: https://www.reportsanddata.com/checkout-form/2359

  6. About Us Our Approach Our Approach About Us About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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