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Smart Irrigation Market

The global smart irrigation market is expected to reach approximately USD 1.87 Billion by 2023 growing at ~18.6% CAGR over the forecast period 2018u20142023.

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Smart Irrigation Market

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  1. Smart Irrigation Market Smart Irrigation Market Research Report- Forecast to 2022

  2. Smart Irrigation Market Overview • The glaring scarcity of water globally is pushing users to find new ways to adopt better methods for water usage and consumption. Market reports linked to the semiconductors and electronics industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is set to attain revenues worth USD 1561 Million by 2022 while developing at 17% CAGR in the forecast period. • Smart irrigation practices have emerged as a practical alternative to the water challenges being faced globally. Moreover, smart irrigation is also found to beneficial to the water requirements of plants in agriculture and gardening especially.  Many users of smart irrigation practices endorse the savings that are achieved in terms of water usage and labor as well, which is a key motivator for the market’s growth. The growing awareness of product types of the market will spur the progress of the market extensively in the forecast period.

  3.  The IoT based smart irrigation helps farmers to avoid wastage of water resources and improves the crop growth with the integration of various controllers, sensors, and meters to determine the soil moisture level and optimum water utilization for irrigation. Furthermore, smart irrigation helps in minimizing the cost of irrigation with optimum utilization of resources. • In addition, the adoption of smart irrigation system can eliminate various glitches by using controllers that helps to analyze and detect the problem with real-time monitoring of irrigation system which helps the farmers to take corrective actions. According to the MRFR analysis, 35% of the world’s population is suffering from water scarcity as 70% of the water is wasted in irrigation process in traditional irrigation methods. Read More at: https://www.marketresearchfuture.com/reports/smart-irrigation-market-2529

  4. Market Segmentation The segmentation of the smart irrigation market is carried out on the basis of component, type, application, and region. By component, the smart irrigation market is segmented into water/flow meter, smart detection system/network elements and sensors. On the basis of type, the market is segmented into soil moisture-based irrigation systems and weather-based (et) irrigation systems. The application basis of segmentation of the smart irrigation market consists of non-agriculture and agriculture. The market covers regions such as the Asia Pacific, the Americas, Europe and Rest of the World. The adoption of IoT-based architecture and government strict policies for the water conservation are some of the factors that increases the demand of smart irrigation market. However, high installation cost and lack of awareness and technical knowledge among farmers are some of the factors that may hamper this market during the forecast period (2018–2023).

  5. Detailed Regional Analysis • The smart irrigation market includes regions such as the Asia Pacific, Americas, Europe and Rest of the World in its regional analysis. The North America region is anticipated to control in the market in the forecast period due to the growing worry surrounding water conservation and the need to curtail the wastage of resources by the governments in the North American region. The government initiatives towards smart irrigation in North America region is motivating the smart irrigation market in this region. The Asia Pacific countries like Japan, China, India, and Korea are anticipated to show a rapid spike in demand for smart irrigation. The Asia Pacific region is anticipated to progress as the most rapidly rising region in the smart irrigation market.

  6. Top Impacting Factors

  7. Key Market Players

  8. Intended Audience

  9. Thank You! For More Details Visit us at https://www.marketresearchfuture.com Follow Us On

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