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Increasing government initiatives regarding water conservation and installation of irrigation automation systems are key factors driving market
VANCOUVER, BC, CANADA, August 23, 2022 /EINPresswire.com/ — The global irrigation automation market size is expected to reach USD 11.28 Billion in 2028 and register a steady revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing initiatives of governments related to water conservation and rising deployment and installation of irrigation automation systems in various countries across the globe. Governments are focusing intently on reducing water wastage, which is an issue that primarily arises due to imprecise nature of irrigation water distribution systems. Rising government investment on promoting technological advancements in conventional agrarian irrigation techniques is expected further to boost growth of the irrigation automation system market during the forecast period.
Collaborations with IT companies for the purpose of deployment of automation in irrigation systems, which would allow state government authorities to release and control the flow of irrigated water remotely, based on real-time demand from farmers is such areas. Steady integration of smart technologies in agriculture activities is expected to continue to drive revenue growth of the irrigation automation system market going ahead. The Internet of Things (IoT) is also changing processes and efficiency across the agriculture domain and supporting growers in overcoming challenges such as addressing water deficiencies and limited availability of arable land, while aid governments in meeting rising global food demand. Farmers are utilizing different controlled and monitoring systems in order to increase crop yield with the help of automation based on IoT. These irrigation automation systems are expected to become more efficient and cost-effective owing to rapid advancements in IoT technologies.
The major companies Covered in the report are:
Netafim, Lindsay Corporation, Valmont Industries, The Toro Company, Jain Irrigation Systems, Hunter Industries, Rain Bird, HydroPoint Data Systems, Weathermatic, and Nelson Irrigation.
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The global irrigation automation market size reached USD 2.97 Billion in 2020, and is expected to register a CAGR of 18.2% during the forecast period. Market revenue growth is primarily driven by rapid integration of smart technologies in agricultural activities and applications. Increasing incidence of severe weather conditions and rising water scarcity are other factors boosting demand for irrigation automation systems. Automated and remote operation of irrigation gates and valves offers absolute control, which is required to minimize manual intervention and water usage while enhancing crop yield and quality.
The market intelligence report on the Irrigation Automation Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
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The report offers an accurate forecast estimation of the Irrigation Automation industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Irrigation Automation market. The report studies the historical data of the Irrigation Automation market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
Segments Covered in this report are:
Automation type Outlook (Revenue, USD Billion; 2018–2028)
Irrigation type Outlook (Revenue, USD Billion; 2018–2028)
Component Outlook (Revenue, USD Billion; 2018–2028)
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/irrigation-automation-market
Key highlights of this research report:
In September 2019, YAMIT Filtration and The Toro Company entered into a strategic partnership to offer advanced irrigation filtration systems for greenhouse and agricultural operations. The partnership is expected to make TORO the sole supplier of YAMIT’s industry-leading filtration solutions in Canada, United States, and Mexico.
Time-based segment accounted for largest revenue share in 2020. Rising need to apply water in the necessary quantity at the right time has resulted in increasing utilization of time-based systems.
Drip irrigation segment revenue is expected to expand at a rapid CAGR during the forecast period. Subsurface drip irrigation prevents wastage of water due to runoff and evaporation, which is resulting in its increasing utilization owing to rising awareness among growers regarding the importance of water conservation.
Controllers segment accounted for a significantly large revenue share in the global irrigation automation market in 2020. Increasing demand for timers or volume-controlled metering valves used to limit the flow of water is expected to boost revenue growth of the controllers segment going ahead.
Agricultural segment accounted for largest revenue share in the irrigation automation market in 2020. Integration of smart technologies in agricultural activities and rising utilization of sensor network technology are key factors boosting segment revenue growth.
The report further examines the Irrigation Automation market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The Irrigation Automation report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2028.
According to the regional analysis, the market is primarily spread over key geographical regions as follows:
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)
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Our research and insights help our clients to anticipate upcoming revenue compartments and growth ranges. This help our client to invest or divest their assets.
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Our research ranks investments centers of market by considering their future demands, returns and profit margins. Our clients can focus on most prominent investment centers by procuring our market research.
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Irrigation Automation Market Size Worth USD 11.28 Billion in 2028
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