A new market research report by Transparency Market Research on the global smart irrigation market offers a comprehensive overview of the market and presents insights into the various factors impacting the growth of the market. The report, titled “Smart Irrigation Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” describes the importance and advantages of smart irrigation and assesses the growth and valuation of the market during the period between 2016 and 2024. Factors influencing demand for various components of smart irrigation systems have been analyzed in the report. The report studies the growth exhibited the market across some of the key regions and profiles some of the prominent market players therein.
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According to a report by the Food and Agricultural Organization (FAO), agricultural production and consumption across the globe would be 60% higher in 2050 than in 2005-2007. As land under cultivation is not significantly increasing, efforts are focused on enhancing the productivity of arable land by advanced agricultural techniques. Governments across nations with the help of the private sector are focusing on helping farmers to maximize agricultural yields through judicious usage of water. Smart irrigation is a relatively new concept in the agriculture sector. Smart irrigation controls the usage of water by scheduling irrigation cycles at specific times of the day. With the help of sensors and water flow controllers, run times of irrigation system are automated. This ensures judicious usage of water as well as providing the crops with precise water levels.
Technological advancements have played a key role in the growth of the global smart irrigation market. Features such as automatic shutdown of the smart irrigation system have caught the attention of the agricultural community. Advanced smart irrigation systems can be integrated with weather data systems to project the amount of water required on a field during a particular period. These factors are expected to further boost the growth of the global smart irrigation market.
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In terms of components, the global smart irrigation market has been segmented into smart irrigation hardware, sensors, and network components. Demand for sensors such as temperature sensors, soil moisture sensors, and ambient humidity sensors is expected to be the highest during the forecast period.
The report studies the global smart irrigation market across six key regions: Western Europe, Latin America, Eastern Europe, North America, Asia Pacific, and the Middle East and Africa. Demand for smart irrigation has surged in North America with governments in Canada and the U.S. focusing on the planned usage of natural resources. Subsidies and rebates offered for the implementation of optimal resource utilization techniques have further propelled the growth of the smart irrigation market in the region. In the coming years, Asia Pacific holds a huge potential for the growth of the market with the growing demand from countries such as China and India where focus on food security is driving demand for smart agricultural practices.
Describing the competitive hierarchy, the report profiles some of the key players in the global smart irrigation market such as Rachio Inc., The Toro Company, Rain Bird Corporation, Baseline Inc., and Calsense. Detailed information about the key players including their company overview, business segmentation, revenue, financial overview, and recent developments has been included in the report. The market players are trying to create awareness regarding smart irrigation and its advantages, especially across emerging economies.