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27 Oct 2021, 05:51 GMT+10
According to the current analysis of Reports and Data, the global Smart Irrigation Market is estimated to grow at a CAGR of 17.1% and reach USD 2,687.7 million in 2028. These systems monitor weather, soil conditions, evaporation and plant water use to automatically adjust the watering schedule to actual conditions of the site. The market is experiencing a growth trajectory primarily due to demand from farmers and agriculturalists who wish to automate the process of agriculture so that the water usage is reduced.
The report also highlights recent product advancements and developments, technological developments, and R&D activities along with market size, market share, revenue share and growth, current and emerging trends, and key segments in the Smart Irrigation market. Moreover, the report also confers strategic recommendation to the new entrants as well as established players to help them capitalize on the market growth prospects.
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Key Players:
The major key players in the industry are Netafim Ltd. (Israel), Calsense (U.S.), The Toro Company (U.S.), Rain Bird Corporation (U.S.), Hunter Industries (U.S.), Hydropoint Data System, Inc. (U.S.), Galcon Ltd. (Israel), Rachio Inc. (U.S.), and Weathermatic (U.S.). Netafim Limited is an Israel-based company that manufactures irrigation equipment and provides digital farming services.
Further key findings from the report suggest:
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Market Segmentation:
Type (Revenue, USD Million; 2018-2028)
Component (Revenue, USD Million; 2018-2028)
Application (Revenue, USD Million; 2018-2028)
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Regional Outlook (Revenue in USD Million; 2018-2028)
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The research provides answers to the following key questions:
* What will be the market size and growth rate of the Smart Irrigation market for the forecast period 2018-2028 across different regions?
* What are the key driving forces expected to shape the future of the industry worldwide?
* What strategies are the prominent vendors adapting to stay ahead of their competitors?
* Which major trends are impacting the development of the Smart Irrigation Market Worldwide?
* Which factors can hinder, challenge or even restrict the expansion of the Smart Irrigation market worldwide?
* What are the opportunities or future prospect for the business owners operating in the market for the forecast period, 2018 - 2028?
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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