Energy Management Market in Agriculture Industry Size, Analysis and Forecast up to 2031
๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐๐ ๐ซ๐ข๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐๐๐๐The global energy management market in agriculture industry was valued at US$ 174.1 Mn in 2021.It is estimated to grow at a CAGR of 4.7% from 2022 to 2031
The global energy management market in agriculture industry is expected to reach US$ 275.9 Mn by the end of 2031
๐๐๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ -
https://www.transparencymarketresearch.com/energy-management-market-in-agriculture-industry.html
๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐๐ ๐ซ๐ข๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Energy management for agriculture sector explains how energy can be managed and conserved in order to use it efficiently without harming the environment. Energy management is a proactive, organized, and systematic coordination of conversion, distribution, and usage of energy to meet requirements, taking into account environmental and economic objectives. Energy efficiency measures need to target areas where energy is actually consumed. These include buildings, municipal facilities, and the agriculture sector, which consumes significant amount of energy. Thus, it is vital to improve energy efficiency in agriculture in order to lower energy demand and consequently costs. Improved energy efficiency also helps reduce the reliance on fossil fuels and therefore contributes to lower GHG emissions. The green revolution has changed the nature of farming for decades to come. The automation revolution in farming can have a similar impact on the industry.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -
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๐๐ง๐๐ซ๐๐๐ฌ๐ ๐ข๐ง ๐๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐ข๐ง ๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐๐ ๐ซ๐ข๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Demand for energy management has been rising significantly in developed as well as developing countries. Awareness about energy management is increasing along with the growth in adoption of advanced technologies. Energy efficiency is an essential part of sustainable energy management in order to decrease energy consumption and distribute it for economic growth. Agriculture and food sectors, which use around 30% of the world's energy, play a key role in energy production. Therefore, increase in agricultural energy efficiency is likely to help lower energy demand.
According to the United States Department of Agriculture (USDA), farms are both energy producers and consumers. Most of the farms use non-renewable fossil fuels such as diesel, gasoline, and propane; and create significantly more energy than they consume. Technological advancements and decrease in operational costs are likely to drive the advanced energy management market in agricultural industry. Technological advancement in energy management is also improving the quality of products, leading to more user-friendly designs. These systems do not require any programming and use less time and labor to operate, which in turn, reduces maintenance and service costs. Thus, increase in investment in energy efficiency is set to drive the applications of energy management market in agriculture industry during the forecast period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=84892
Ease of Availability and Cost Efficiency Augmenting Conventional Energy Segment
In terms of source, the global energy management market in agriculture industry has been segregated into biomass fuel, conventional energy, and renewable energy. The conventional energy segment held major share of 80.7% of the global market in 2021. It is estimated to dominate the market during the forecast period. Conventional source of energy is used extensively in various industries. Ease of availability and cost efficiency are driving the conventional energy segment. The conventional energy source offers higher energy security in agriculture, led by an increase in diversity of energy sources. Farmers are practicing various energy conservation methods such as usage of calibration machines, preservation of soil, and improvement in irrigation systems. Thus, the conventional energy segment is expected to grow in the near future.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=84892
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐๐ ๐ซ๐ข๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
The global energy management market in agriculture industry comprises several small- and large-scale service providers that control majority of the share. Most of the firms are investing in comprehensive research and development activities, primarily to introduce sustainable energy management practices in agriculture. Expansion of product portfolios and mergers and acquisitions are prominent strategies adopted by key players. Navy Blue Energy, GDS Associations, Inc. Engineers and Consultants, Enfragy Solution India Private Limited, Integrated Technology Australia, and Logics PowerAMR Private Limited are the prominent entities operating in the market.
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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