2017-2020 and 2021-2026 global USD 11.2 billion irrigation water solutions market analysis and forecast

2021-12-13 19:05:04 By : Ms. qiaoping feng

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Dublin, December 8, 2021 (Global News Service)-The report "Growth Opportunities in the Global Irrigation Water Solutions Market" has been added to the product of ResearchAndMarkets.com.

The revenue of the global irrigation water solutions market in 2020 is 11.22 billion U.S. dollars. The publisher predicts a compound annual growth rate of 8.0% by 2026 and revenue of $17.79 billion. Of course, agriculture is inherently an unpredictable industry: extreme weather, crop diseases, natural disasters or major agricultural product price fluctuations may affect farmers’ ability to invest in new equipment.

According to the Food and Agriculture Organization of the United Nations, the global population will reach 10 billion by 2050, which will have a huge impact on agricultural demand and related water consumption.

More efficient irrigation automation, control, and monitoring solutions will address the long-term challenge of global water shortages, especially if government protection efforts include limiting irrigation frequency and duration. Conservation measures will force farmers to pay more attention to their water usage and consider the benefits of drip irrigation and smart, data-driven solutions that can increase crop yields and reduce costs.

This research examines the historical revenue and market potential of irrigation pumps, micro-irrigation (drip irrigation and sprinklers), mechanical irrigation (central pivot and lateral movement systems), and smart irrigation technologies in North America, Latin America, Europe, and the Asia-Pacific region, as well as the Middle East and Africa. The research period is from 2017 to 2026.

The study considered market drivers and constraints, pointed out the main competitors in each region, and considered growth opportunities for market participants. The unique characteristics of each region, including the gap between rich and poor, the scale of agricultural operations, and connectivity, mean that companies cannot adopt a strategy-take-all approach to achieve growth.

Why is it more and more difficult to cultivate?

The impact of the three major strategic priorities on the global irrigation water solutions industry

Growth opportunities drive growth pipeline engines

Growth Opportunity Analysis-North America

Growth Opportunity Analysis-Latin America

Growth Opportunity Analysis-Europe

Growth Opportunity Analysis-Asia Pacific

Growth Opportunity Analysis-Middle East and Africa

Growth opportunity 1: New capabilities and disruptive applications

Growth Opportunity 2: Smart Agriculture Solutions

Growth opportunity 3: New business model

For more information about this report, please visit https://www.researchandmarkets.com/r/6zy48x

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