Automated Irrigation Market Overview, Dynamics, Comprehensive Analysis, Business Growth, Key Drivers, and Opportunities
Automated Irrigation Market Overview:
The global analysis of the Automated
Irrigation Market Size states that the market is expected to
reach 14.6 billion US dollars at a 16.87% CAGR by the end of 2030. 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 Overview 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.
Industry News:
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.
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.
Prominent players in the global Automated Irrigation Market
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).
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