Smart Irrigation Market Aggrandizes To USD 1561 Million By 2023 At 17 % of CAGR

November 16 13:22 2017

Smart Irrigation Market
Smart Irrigation Market, By Type (Weather-Based Irrigation System, Soil-Based Irrigation System), Component (Sensors, Water Meters), by Application (Agriculture, Non-Agriculture) – Forecast to 2022

Exclusive Summery About Report:

The increasing research and development investment for developing reliable irrigation scheduling solutions and the growing interest on developing smart irrigation solutions with the help of internet of things (IoT) are responsible for higher adoption of smart irrigation systems. Whereas the continuous advancement in sensing and monitoring technologies are also responsible for the increase in the smart irrigation market. The existing issues such as, increasing population, limited water sources to keep up with demand, the increasing cost of water and the power to move and others can be overcome by adopting smart irrigation system.

There has been a recent trend of transforming cities that concept is called as the smart city project. This smart city project also involves smart water management therefore the requirement for smart irrigation would increase which would result in the growth of smart irrigation market along with smart cities market. The study reveals that many organizations that are working on smart cities projects are adding smart irrigation systems into their smart city project portfolio. There is a recent news, Alliance Channel is adding the AT&T Smart Cities – Smart Irrigation solution to its portfolio.

The Smart irrigation Market is growing rapidly over 17% of CAGR and is expected to reach at USD ~1561 million by the end of forecast period.

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Major Key Players:

HydroPoint (U.S.),

Rain Bird Corporation (U.S.),

The Toro Company (U.S.),

Hunter Industries (U.S.),

Baseline Inc. (U.S.)

AquaSpy (U.S.),

Hortau (U.S.),

Libelium (Spain),

Aquacell Systems (Australia)

Market Research Analysis:

Market Research Future Analysis shows that that developments in smart city concept result in the demand for efficient water management which results in significant growth of Smart irrigation market. The major benefits of Smart irrigation are it can optimize water levels based on things such as soil moisture and weather predictions, reduce annual water usage at a high rate and others. These factors are responsible for the increase the Smart irrigation market.

Regional analysis for Smart irrigation market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. The study reveals that North America region would evolve as a leader in Smart irrigation market.  The study indicates large investments by American government towards is smart irrigation would result in rapid growth of Smart irrigation market by the forecast period. Developing economic countries from Asia-Pacific regions as China, Japan, and India would also show a great progress in the smart irrigation market.

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Segments:

Smart irrigation market for segment on the basis of component, type and application.

Smart Irrigation Market by component:

  • Sensors
  • Water/flow meter
  • Smart detection system/network elements

Smart irrigation Market by Type:

  • Weather-based (ET) Irrigation Systems
  • Soil Moisture-based Irrigation Systems

Smart irrigation Market by Application:

  • Agriculture
  • Non-agriculture

Continue…

We are thankful for the support and assistance Smart Irrigation Market Research Report- Forecast to 2022 related technical experts and marketing experts during Research Team survey and interviews.

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