Smart Irrigation Market Overview:
A research team conducted a significant amount of primary and secondary research for the analysis of the Smart Irrigation market. In order to supplement the available data, segment the market, calculate the market’s overall size, and project market size and growth rate, secondary research was conducted.
A key reason for the growth of smart irrigation market is the rising relevance of effective watering techniques and irrigation systems for non-agricultural sectors such as housing, lawn and landscaping, and golf resorts. Smart cities are a growing trend in many regions of the world. The effective handling of water in residential and business spaces is emphasized in smart cities. Due to the loss of green cover as a result of urbanization to make room for concrete infrastructure, it is necessary to preserve the green equilibrium, where the intelligent irrigation idea is being used. In smart cities, the usage of smart irrigation controls is predicted to skyrocket over the forecast period.
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Smart Irrigation Market Scope:
The PESTLE analysis is used in the study to evaluate the benefits and drawbacks of major market players. In order to forecast the market and provide investment advice, the researcher closely examines the Smart Irrigation market’s size, share, trend, total profit, total revenue, and profit margin. Subject matter experts make suggestions for market changes.
In addition to data on capacity and production, price and cost information, company profiles, product images, specifications, and contact information, the report includes details on the key market participants. The trends, size, and value of the Smart Irrigation market are examined at the global, regional, and corporate levels in this report. This study examines the Smart Irrigation market using historical data and forecasts.
Smart Irrigation Market Segmentation:
With 45.6% of the market’s total shares in 2020, the sensor component segment dominated the smart irrigation market. During the aforementioned forecast period, a CAGR of 8.2% is anticipated.
This increase may be a result of the expanding use of sensor-based irrigation systems in agriculture, which increase crop productivity while conserving water. Large sensors installed on the farm, such as those measuring temperature, moisture content, rainfall, and humidity, have the potential to provide accurate information that could be analysed by sensor-based systems. Since sensor-based systems do not rely on weather forecasts or data from meteorological stations, they are also preferable to weather-based ones.
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Smart Irrigation Market Key players:
- Netafim (Israel)
- HydroPoint (US)
- Manna Irrigation (Israel)
- Stevens Water Monitoring Systems (US)
- Galcon (Israel)
- Rachio (US)
- Weathermatic (US)
- Jain Irrigation Systems (India)
- Banyan Water (US)
- Delta-T Devices (UK)
- Calsense (US)
COVID-19 Impact on Smart Irrigation market:
The COVID-19 outbreak has had a significant impact on the Smart Irrigation market. Due to the global economic downturn and a labour shortage, the development of Smart Irrigation production facilities has been halted. The pandemic of COVID-19 has resulted in a significant and long-term decrease in production utilisation. Furthermore, travel restrictions and facility closures have hampered employee visits, limiting the growth of the Smart Irrigation market in 2020. However, given the high demand for Smart Irrigation, the market effects of COVID-19 are expected to be transitory. The industry is expected to fully recover by early 2021.
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