Smart Irrigation Market Size, Share Analysis, Key Companies, and...

Smart Irrigation Market Size, Share Analysis, Key Companies, and Forecast To 2030

Posted 2023-02-23 12:35:18

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The most recent market research study from Emergen Research is focused on the global Smart Irrigation Market and offers in-depth analysis of all of its key segments. The size of the market, the rate of revenue growth, industry statistics, revenue splits by regional markets, gross margins, production costs, and product portfolios are all included in reports about the global Smart Irrigation market. The most significant drivers, opportunities, trends, challenges, supply and demand ratios, production and consumption patterns, stringent regulatory frameworks, and a wide range of micro- and macro-economic aspects are also highlighted in the research. The writers of the research have included Smart Irrigation industry estimates and qualitative and quantitative appraisals.

The global smart irrigation market size reached USD 1,476.3 Million in 2021 and is expected to register a revenue CAGR of 15.2% during the forecast period, according to latest analysis by Emergen Research. Increasing development of smart cities and increasing need to save water and reduce related expenses are key factors projected to support market revenue growth between 2022 and 2030. In addition, increasing need for water management for the future will drive revenue growth of the market.Smart irrigation refers to the use of advanced technologies and connected devices and equipment to monitor, analyze, and control operations in smart agriculture. Water wastage is a serious issue in the agricultural and non-agricultural industries. Better water management methods are required to alleviate the problem. Smart irrigation is an ideal solution to the problem as it will reduce the need for human supervision or intervention, which will aid in transforming the system from static and manual to dynamic and intelligent. This will enable monitoring and regulating the watering process as per need, which will result in more efficient water usage and cost efficiency.

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Some of the most crucial parts of this study that shed light on the fiercely competitive climate of the market are the SWOT analysis and Porter's Five Forces Analysis. The research presents a thorough study of the global Smart Irrigation market, comprising North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. This paper looks at other important characteristics of regional markets in addition to the drivers and restraints of revenue growth, production and consumption patterns, shifting consumer tastes, and strict regulatory standards.

The study provides helpful insights into each industry component as well as an overview of the quickly changing and expanding market categories. The study seeks to provide analytical information about these new players' transition and progress in the market. The sector has seen the arrival of a number of new players. The report includes information on mergers, acquisitions, partnerships, agreements, product launches, and joint ventures.

Leading companies operating across the global Smart Irrigation market:

Toro Manufacturing LLC, Netafim, Ltd., Hunter Industries, Inc., Rain Bird Corporation, Galcon Controller Agricultural Cooperative Society, Ltd., Telsco Industries, Inc., Hydropoint Data System, Inc., Rachio, Inc., Stevens Water Monitoring Systems, Inc., and Banyan Water, Inc

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Segments Covered in this report are:

System Type Outlook (Revenue, USD Million; 2019–2030)
- Sensor-based
- Weather-based

Component Outlook (Revenue, USD Million; 2019–2030)
- Sensors
- Controllers
- Water Flow Meters
- Others

Application Outlook (Revenue, USD Million; 2019–2030)
- Agricultural
- Non-Agricultural
- Others

The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.

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Regional Analysis Covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

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