The factors such as government initiatives for promoting water conservation , growth of smart cities and need for efficient irrigation systems, decreasing cost of sensors and controllers used in smart irrigation systems are driving the growth of the smart irrigation market.
New York, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Smart Irrigation Market with COVID-19 Impact Analysis by System Type, Application, Component And Region - Global Forecast to 2026" - https://www.reportlinker.com/p03825776/?utm_source=GNW
However, concerns associated with breach of security in the context of smart irrigation system is the key factor limiting the growth of the smart irrigation market.
Market for open-field agriculture segment to grow at the higher CAGR than that of greenhouse segment during the forecast period.
The market for open-field agriculture application is expected to grow at the higher CAGR during the forecast period.Various benefits associated with smart irrigation technology for open-field applications include high crop yield, enhanced crop quality, and efficient energy usage.
In open-field irrigation, controllers assure that the important premixed nutrients are evenly distributed throughout open-field crops, as a result of which smart irrigation systems are widely being deployed for the open-field application.
Market for residential non-agriculture segment to dominate the smart irrigation market during the forecast period
The market for residential type held the largest market in the year 2020 and is expected to witness a surge in the coming years.The residential application is expected to hold the largest share of the market owing to tremendous growth in the construction of smart homes or smart cities throughout the world.
Further, the increasing rate of replacement of conventional timer-based controllers with new smart irrigation controllers by residential homeowners and contractors is another factor contributing to the growth of the market. The rising disposable income especially across emerging economies has enabled homeowners to adopt smart irrigation systems.
Smart irrigation market for sensors to hold the second-largest share by 2021
The smart irrigation market for sensors is expected to account for the second largest share by 2021 The growth of this market can be attributed to gradual shift in climatic conditions, increasing stringency of environmental regulations, and growing need for improving crop productivity.Likewise, the rapid advancement in wireless technologies is paving way for the market growth.
For example, integration of Wi-Fi or cloud-based systems in plant canopy along with soil moisture sensors to receive real-time data on field conditions and utilizing GPS for the movement tracking of central pivot or linear move machines are also acting as the key determinants fueling the growth of the target market. The increasing adoption of soil moisture sensors, rain sensors, and fertigation sensors for irrigation scheduling at agriculture farms is expected to fuel the growth of this market during the forecast period.
Europe to hold a significant share of the smart irrigation market during the forecast period
Europe is expected to hold a significantly large share for smart irrigation market during the forecast period.Europe is the second-largest market for smart irrigation owing to large cultivated and irrigated land area.
Farmers in Europe are already using smart irrigation technologies for increasing the crop yield and minimizing the water used in irrigation.This region is currently in the early adoption stage and holds huge potential for the smart irrigation market.
Government agricultural policies in some countries such as France and Spain, focusing on the provision of requisite infrastructure for irrigation and subsidies to farmers for the installation of irrigation equipment, along with the guarantee of low water cost for agriculture, have driven the use of modern irrigation technologies in these countries.Few of the major companies operating in the smart irrigation market are based in Europe such as Delta-T Devices (UK), Soil Scout (Finland), and Caipos (Austria) which are focused towards developing innovative smart irrigation solutions.
These factors have paved the way for increased adoption of smart irrigation solutions in the region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the smart irrigation space. The break-up of primary participants for the report has been shown below:
• By Company Type: Tier 1 – 40%, Tier 2 – 40%, and Tier 3 – 20%
• By Designation: C-level Executives – 40%, Directors –40%, and Others – 20%
• By Region: North America –40%, APAC– 30%, Europe – 20%, and RoW – 10%
The report profiles key players in the smart irrigation market with their respective market ranking analysis. Prominent players profiled in this report are include Rain Bird Corporation (US), The Toro Company (US), Hunter Industries (US), Netafim (Israel), HydroPoint (US), Manna Irrigation (Israel), Stevens Water Monitoring Systems (US), Galcon (Israel), Rachio (US), Weathermatic (US), Jain Irrigation Systems (India), Banyan Water (US), Delta-T Devices (UK), Calsense (US), Skydrop (US), AquaSpy (US), Soil Scout (Finland), Caipos (Austria), Acclima (US), Rain Machine (US) , WiseConn Engineering (US) , Valley Irrigation (US), GroGuru (US), Orbit Irrigation Products (US), and Hortau (US).
This research report categorizes the smart irrigation market on the basis of system type, component, application, and region.The report describes the major drivers, restraints, challenges, and opportunities pertaining to the smart irrigation market and forecasts the same till 2026 (including analysis of COVID-19 impact on the market).
Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the smart irrigation ecosystem.
Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the smart irrigation market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.
4. The analysis of the top 25 companies, based on the market rank as well as the product footprint will help stakeholders visualize the market positioning of these key players.
5. Patent analysis, trade data, and technological trends that will shape the market in the coming years has also been covered in this report.
Read the full report: https://www.reportlinker.com/p03825776/?utm_source=GNW
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