Press Release Description
Global Smart Irrigation Market likely to grow at 15% CAGR during 2023-28
According to the MarkNtel Advisors' research report, "Global Smart Irrigation Market Analysis, 2023," the market is likely to grow at a CAGR of 15% during 2023-28 due to the efficiency and cost-effectiveness associated with Smart irrigation systems. The burgeoning use of advanced technologies, including the Internet of things (IoT) and big data for proper irrigation management, is a primary factor fueling the growth of the Global Smart Irrigation market.
Moreover, Smart irrigation systems are significantly surging in the agriculture industry to increase the food production rate and enhance crops' growth. Furthermore, smart irrigation helps reduce water wastage and manages its utilization efficiently, thereby aiding the demand for Smart irrigation systems among various end-users.
Key questions answered in the study
- What are the current and future trends in the Global Smart Irrigation market?
- How has the industry been evolving in terms of geography and services adoption?
- How has the competition been shaping across the countries, followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the Global Smart Irrigation market?
- What is the customer orientation, purchase behavior, and expectations from the Global Smart Irrigation market service providers across various regions?
Sensor-Based Controllers Exhibit Fastest Growth
Based on the Component, the market segments into Climate based Controllers, Soil moisture Sensor controllers, Weather-based controllers, Sensor-based controllers, Rain/freeze sensors, Wind sensors, and Flow sensors. Among these, the Sensor-based controllers are likely to register the fastest growth during the forecast period.
The primary goal of using sensor-based controllers is to ensure proper water management. Further, sensor-based controllers help enhance the efficiency of Smart irrigation systems, thereby reducing the cost & increasing the yield of the input with minimal human intervention.
"Global Smart Irrigation Market Analysis, 2023" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Smart Irrigation providers across the globe.
Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Asia-Pacific Shows the Substantial Growth
Region-wise, the Asia-pacific market is likely to register the fastest growth in the Global Smart Irrigation market during 2023-28 due to the increasing awareness about advanced technologies and mounting government initiatives towards water conservation practices in the region. Further, India holds the dominant share in the agriculture industry. Hence, the demand for Smart Irrigation systems in India is significantly high. Therefore, the region is likely to contribute to the Global Smart Irrigation Market growth in the forecast period, says MarkNtel Advisors in their research report, "Global Smart Irrigation Market Analysis, 2023."
According to MarkNtel Advisors, the major leading players in the Global Smart Irrigation Market are Rain Bird Corporation, Calsense, Galcon, Weathermatic, Cultyvate, Hydropoint, Netafirm, Stevens Water Monitoring Systems, CropX, Ecozen Solutions, Water Bit, and AquaSpy.
- By Irrigation Technology (Sprinkler Irrigation, Centre-pivot Irrigation, Drip Irrigation, Micro-Irrigation, Irrigation drones)
- By Component (Climate based Controllers, Soil moisture Sensor controllers, Weather-based controllers, Sensor-based controllers, Rain/freeze sensors, Wind sensors, Flow sensors)
- By End-User (Residential Lawns/Gardens, Agricultural Lands, Golf courses, Sport Stadiums)
- By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
- By Country (U.S, Canada, Brazil, Mexico, Germany, France, The U.K, Spain, Italy, China, India, Japan, South Korea, GCC, South Africa)
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