Key Automated Irrigation Market Players | Analysis, Size, Share, Trends, Demand, Growth, Opportunities and Forecast 2030
Automated Irrigation Market Overview:
Agriculture is the main occupation of many all over the
world. Despite the existence of other
sectors, the existence of agriculture shows the confidence levels of the
farmers. Agriculture involves many
tasks. When the system of automation is
introduced in agriculture, it helps the farmers in earning more revenue. The process of irrigation can be automated,
where the monitoring of the water, soil, and weather conditions takes place
systematically. This sort of automation
can be done through the installation of controllers and sensors. When things are automated and controlled, the
wastage of water is also controlled. The introduction of IoT-based systems in
agriculture has bought new changes in farming and the farmer can benefit from
the same.
Market Segmentation:
The Automated
Irrigation Market can be segmented based on the components,
type, application, end-use, and region.
According to the component category, the market is divided into
sprinklers, valves, controllers, and sensors.
According to the type of category, the market is divided into volume-based,
time-based, real-time-based, and computer-based. The segments like soil management, water
resource management, and ground water management come under the application
category. The segments under the end-user category are – agricultural and non-agricultural. According to the regional category, the
market is divided into North America, Europe, Asia-Pacific, and the Rest of the
World.
Regional Classification:
The controller segment of the component category dominates
the market. This is because of the
increase in demand for semi-automatic systems like volume-based and time-based
systems. According to the type of
category, the time-based segment contributes maximum to the market share. Time-based systems help in controlling the
labor cost, irrigation process, and consumption of fuel. A time-based system permits the farmer to
monitor the crops regularly. According
to the end-user category, the non-agricultural segment is found using automated
systems. Gardens, golf courses,
residential purposes, pastures, turf, and sports grounds are some examples of
the non-agricultural segment. According
to the regional category, North America is dominating the market followed by
the Asia-Pacific region.
Competitive Landscape
The market comprises tier-1, tier-2, and local players. The
tier-1 and tier-2 players have reach across the globe with diverse product
portfolios. Companies such asThe Toro Company (US), Hunter Industries (US), and
Netafim (Israel)dominate the global automated irrigation market due to brand
reputation, product differentiation, financial stability, strategic
developments, and diversified regional presence. The players are focused on
investing in research and development. Furthermore, they adopt strategic growth
initiatives, such as expansion, product launches, joint ventures, and
partnerships, to strengthen their market position and capture a large customer
base.
The global Key
Automated Irrigation Market Players include The Toro
Company (US), Hunter Industries (US), Netafim (Israel), Stevens Water
Monitoring Systems Inc. (US), Valmont Industries, Inc. (US), Lindsay
Corporation (US), Jain Irrigation Systems Ltd (India), HydroPoint Data Systems,
Inc. (US), Nelson Irrigation (US), and Galcon (Israel).
Industry News:
The global analysis of the automated irrigation market
states that the market is expected to reach 14.6 billion US dollars at a 16.87%
CAGR by the end of 2030. The adoption of new technologies creates challenges
and new opportunities for automation service providers. Though the systems are very helpful, their
installation cost becomes a burden on the local farmer and hence hampers the
market growth. A developed country is in
a position to afford the cost of such automated irrigation systems, but in an
underdeveloped country, the local farmer will not be in a position to install
such automated services even though they are very beneficial. Adoption of
organic practices in farming has created new opportunities for market
growth. Any research and development
activity requires a huge investment. A focus on sponsoring the research and
development activities will provide good information that may be beneficial for
the growth of the market. The progress of the market has given rise to
strategies like collaborations, partnerships, expansions, joint ventures,
mergers, and acquisitions between major players providing automated irrigation
systems.
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Automated
Irrigation Market Research Report Information by Components
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Europe, Asia-Pacific, And Rest Of The World) - Forecast Till 2030.
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