Automated Irrigation Market Overview
According to the MRFR reports, the global automated irrigation market is likely to reach a market size of over USD 9,365.02 million by 2028. The market is also expected to exhibit a robust CAGR of 5.3% throughout the forecasted era from 2021 to 2028.
Automated irrigation offers monitoring of soil, weather, and water conditions with sensors and controllers to boost the system’s efficiency and is data-driven. The integration of IoT-based architecture in irrigation systems is likely to boost the growth of the automated irrigation market. IoT-based irrigation systems provide support in improving crop growth using numerous sensors and controllers. The global automated irrigation market has witnessed massive growth over recent years owing to the growing adoption of improved agricultural technologies as they help boost the agricultural yield. However, the high costs associated with implementing these automated irrigation systems are anticipated to impact the market growth adversely. Nevertheless, the growing adoption of organic farming practices in developing nations and the rising adoption of growth strategies such as mergers & acquisitions, product innovation, joint ventures, partnerships, expansion, and collaborations are likely to offer numerous lucrative opportunities over the review timeframe.
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The global market for automated irrigation is divided into several segments based on type, components, application, end-use, and region.
The global automated irrigation market is split into sprinklers, valves, sensors, controllers, and others based on components.
By type, the automated irrigation market is bifurcated into computer-based, real-time-based, volume-based, and time-based control systems.
The automated irrigation market is divided into groundwater management, soil management, and water resource management based on application.
By end-use, the global market is divided into non-agricultural and agricultural.
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The global automated irrigation market is studied across five major regions: South America, Asia-Pacific, Europe, North America, and the Middle East & Africa.
The North American regional market for automated irrigation contributed to the maximum share in 2020. The region is likely to maintain dominance over the forecasted era as well. The regional market’s growth is being driven by the presence of key manufacturers and the government regulations on strict water footprint.
The European regional market for automated irrigation secured the second position in 2020. The supportive initiatives are driving the growth of the regional market taken by governments across the region.
The Asia-Pacific regional automated irrigation market is anticipated to record the fastest growth rate over the review timeframe. The regional market’s growth is primarily being driven by the growing consumer inclination towards automation in agriculture. Furthermore, the vast agricultural and strong government support are likely to boost the regional market’s growth over the assessment timeframe.
The global automated irrigation market has an intensely competitive landscape. The players in the market are adopting several new strategies such as partnerships, joint ventures, product launches, and expansion to capture a large customer base and their market position. The list of prominent leaders in the global automated irrigation market includes Galcon (Israel), Nelson Irrigation (US), Jain Irrigation Systems Ltd (India), Stevens Water Monitoring Systems Inc. (US), Hunter Industries (US), HydroPoint Data Systems, Inc. (US), Lindsay Corporation (US), Valmont Industries, Inc. (the US), Netafim (Israel), The Toro Company (US), and several others.
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November 2021- Vinduino launches Irrigation-As-A-Service (IAAS), developed for orchard and vineyard management companies. IAAS is a new feature in the eVineyard cloud application. Farm management companies can now provide 24/7 irrigation control and remote monitoring to all their customers. With Vinduino, vineyard management companies are set to confidently enter the digital age, enhancing their customers’ crop results while dropping resources and labor.
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
2. MARKET INTRODUCTION
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Market Structure
3. MARKET RESEARCH METHODOLOGY
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
4. MARKET LANDSCAPE
4.1. Supply Chain Analysis
4.1.1. Raw Material Suppliers
4.1.4. End Users
4.2. Porter’s Five Forces Analysis
4.2.1. Threat Of New Entrants
4.2.2. Bargaining Power Of Buyers
4.2.3. Bargaining Power Of Suppliers
4.2.4. Threat Of Substitutes
4.2.5. Internal Rivalry
4.3. Impact Of COVID-19 Outbreak On Global Automated Irrigation Market
4.3.1. Impact On Production
4.3.2. Impact On Supply Chain
4.3.3. Impact On Pricing
4.3.4. Impact On End Users
5. MARKET DYNAMICS OF THE GLOBAL AUTOMATED IRRIGATION MARKET
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