Automatic Irrigation Market Overview:
The Automatic Irrigation market analysis provides a comprehensive picture of the competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Automatic Irrigation Market, as well as the causes for variances in the industry’s growth in various places.
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Automatic Irrigation Market was worth US$ 2.80 Bn. in 2020 and total revenue is expected to grow at a rate of 18.5% CAGR from 2021 to 2027, reaching almost US$ 9.19 Bn. in 2027.
Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Drivers:
In February 2020, Rain Bird introduced the ESP-LXIVM series controllers, which offer large, challenging sites improved water management capabilities, diagnostics, and a slew of brand-new features.
As a result of increasing water scarcity and a global movement toward mechanising agricultural processes, the market is probably going to experience slight demand growth. The use of conventional agrarian irrigation methods is severely constrained by growing water scarcity and unpredictable rainfall patterns, which has increased global demand for improved irrigation systems. Except for surveillance, irrigation automation systems run with little to no assistance from operators. Additionally, these systems lessen the need for ongoing monitoring, personnel costs, and water waste.
Segmentation:
The market is further divided into Time-based, Volume-based, Real-time-based, and Computer-based Control Systems based on the type of automation. With more than 30% of global revenue in 2019, the time-based automation type segment dominated the market. The high percentage is primarily caused by benefits like total control over irrigation, cheaper labour, and less fuel consumption, among others. The user can control, intervene, and monitor crops at various irrigation stages at regular intervals thanks to the time-based automation system. The time-based approach is therefore better suited to increase harvest productivity.
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Key Players:
The entire procedure comprises a review of the financial records of the important market participants. Following an evaluation of the total market size, the market was divided into many divisions and sub-segments, which were confirmed by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Automatic Irrigation market are as follows:
• Jain Irrigation Systems
• Netafim
• Rain Bird
• The Toro Company
• Hunter Industries
• Lindsay
• Lawn genie
• Mazzei
• Nelson Irrigation
• Irritrol
• The Toro Company
• Valmont Industries Inc.
• Rain Bird Corporation
• Galcon
• Rubicon Water
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Automatic Irrigation market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Automatic Irrigation Market:
Due to a break in operations, end-user sectors where Automatic Irrigation are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Automatic Irrigation manufacturers, affecting the development of the Automatic Irrigation market in 2020. End-user business demand for Automatic Irrigation has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Automatic Irrigation Market Report are:
- Which segment had the largest share in the Automatic Irrigation market in 2020?
- What is the competitive landscape of the Automatic Irrigation market?
- Which are the key drivers aiding the Automatic Irrigation market growth?
- Which region has the maximum share in the Automatic Irrigation market?
- What will be the CAGR of the Automatic Irrigation market during the forecast period (2021-2027)?
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