Press release
Smart Irrigation Market Opportunities and Challenges
The government initiatives for promoting water conservation has led to surge in the adoption of smart irrigation systems. In addition to this, factors such as growth of smart cities and need for efficient irrigation systems, decreasing cost of sensors and controllers used in smart irrigation systems are expected to fuel the smart irrigation market.
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"Weather-based systems are expected to hold larger share of the smart irrigation market during forecast period"
The weather-based systems is expected to holds the major market share as compared to sensor-based type systems. Weather-based systems have become quite popular among homeowners, commercial building contractors, and landscaping and golf course managers. Owing to the high adoption of weather-based systems in the non-residential segment, they account for a larger market size. Major factors driving the growth of the smart irrigation market include increasing government initiatives to promote water conservation, rising demand for food production, and automatic scheduling of irrigation, leading to reduced labor costs. In addition, the increasing importance of effective irrigation solutions and watering practices has stimulated the smart irrigation market growth.
Rapid advancement in wireless technologies fueling the growth of sensors deployment in the smart irrigation market
The rapid advancement in wireless technologies is propelling the growth of sensors in smart irrigation market. The increasing deployment of soil moisture sensors, rain sensors, and fertigation sensors for automated irrigation scheduling at agriculture farms is expected to fuel the growth of this market during the forecast period.Soil moisture sensor-based controllers use one of the several well-established technologies to measure soil moisture content. When soil sensors are deployed in the root zone, sensors accurately determine the moisture level in the soil, which is a direct result of evapotranspiration, and transmit this reading to the controller.
Increasing investments in the smart irrigation technology in countries like India, China, and Australia likely to propel the growth of Smart Irrigation Market in APAC
Asia Pacific is an emerging market for smart irrigation and is expected to witness the fastest growth in the forecast period. Key countries in Asia Pacific are China, Japan, Australia, India, Singapore, and Indonesia. These countries have started various programs and groups to promote the growth of modern agricultural techniques, which would directly benefit the smart irrigation market. Australia and China have been leading the market in Asia Pacific.
The adoption of smart irrigation systems due to increasing disposable income in the private sector and technological advancements in countries such as India, China, and Japan are expected to fuel the market growth. Australia is expected to hold a leading position in the smart irrigation market in Asia Pacific during the forecast period. The Government of Australia has issued strict regulations and legislative mandates for the management of resources, especially water. It is providing rebates and subsidies to enhance the adoption of smart irrigation practices for residential and non-residential applications and to conserve water and minimize resource wastage.
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Key players in the smart irrigation market include Rain Bird Corporation (US), The Toro Company (US), Hunter Industries (US), Netafim (Israel), HydroPoint (US), Manna Irrigation (Israel), Stevens Water Monitoring Systems (US), Galcon (Israel), Rachio (US), Weathermatic (US). Apart from these, Jain Irrigation Systems (India), Banyan Water (US), Delta-T Devices (UK), Calsense (US), Skydrop (US), AquaSpy (US), Soil Scout (Finland), Caipos (Austria), Acclima (US), Rain Machine (US) are among a few emerging companies in the smart irrigation market.
News also covered: https://www.prnewswire.com/news-releases/smart-irrigation-market-worth-2-3-billion-by-2026--exclusive-report-by-marketsandmarkets-301434867.html
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