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By 2028, the global irrigation automation market is expected to reach 9.02 billion U.S. dollars, with a compound annual growth rate of 23.90% during the forecast period 2021-2028.
Newark, New Jersey, USA, November 11, 2021/EINPresswire.com/-According to a report released by Brainy Insights, the global irrigation automation market is expected to grow from USD 1.56 billion in 2020 to USD 9.02 billion in 2028. The compound annual growth rate during the forecast period 2021-2028 is 23.90%. The Asia-Pacific region will account for 50.56% of the main market share in 2020. The growth is mainly due to the intensified water shortage and insufficient rainfall in the Asia-Pacific region. Many countries in the Asia-Pacific region rely mainly on agriculture, which is expected to provide various growth opportunities for the market in the next few years. On the other hand, South America is expected to grow at the highest compound annual growth rate of 24.8% during the forecast period. Strengthen the integration of advanced technologies in the agricultural sector in the region to promote market growth.
The major players in the global irrigation automation market are Rain Bird, Jain Irrigation Systems, Nelson Irrigation, Hunter Industries, Netafim, Rubicon Water, The Toro Company, Weathermatic, Valmont Industries Inc., Lindsay Corporation and Galcon. The major players in the global irrigation automation market mainly focus on adopting various strategies such as new product development, joint ventures, cooperation, technology integration, product innovation, mergers and acquisitions, and partnerships to gain considerable market share in the industry. In September 2018, Jain Irrigation, Inc. announced the acquisition of ETwater, an innovator of smart irrigation technology, and is in a leading position in creating smart irrigation controllers to expand its water management technology product supply.
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The system part is divided into automatic and semi-automatic. The automated system type segment market is expected to grow at the highest compound annual growth rate of 24.5% during the forecast period. Increasing adoption of fully automated irrigation systems may promote the development of automated systems. Irrigation types include sprinkler irrigation, drip irrigation and surface irrigation. Drip irrigation systems account for the main market share, valued at US$934 million in 2020. The drip irrigation system prolongs the watering time of crops and prevents nutrient loss and soil erosion. Automation types include time-based, volume-based, real-time and computer-based control systems. The time-based segment dominates the global irrigation automation market and will occupy the market share in 2020, valued at US$87201 million. Time-based automatic irrigation provides users with time-based irrigation process control.
The end uses are subdivided into agriculture, open land, greenhouses, non-agricultural, golf courses, lawns and sports fields. The agricultural sector accounts for the main market share, valued at US$1.09 billion in 2020. The increase is mainly due to the high implementation rate of irrigation automation in the agricultural sector to optimize water, fertilizer and other resources.
Due to the increasing use of automated and semi-automated irrigation systems in agricultural and non-agricultural fields, the global irrigation automation market is witnessing rapid growth in the past few years. In addition, the integration of rapid technology in the irrigation system has further promoted the growth of the market. However, the high initial cost required to implement automated irrigation may limit market growth during the forecast period.
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