Press release
Smart Irrigation Market 2023 - Development Status and Growth Projection to 2032.
Smart Irrigation Market
Smart Irrigation Market Size was valued at USD 2.8 billion in 2022. The Smart Irrigation market industry is projected to grow from USD 3.1584 Billion in 2023 to USD 8.2782 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.80% during the forecast period (2023 - 2032). Rising government expenditures to promote water conservation and the increasing need for efficient irrigation systems are the vital key market drivers enhancing the market growth.
Smart irrigation systems are revolutionizing the way we manage water resources in agriculture, landscaping, and urban green spaces. By integrating sensors, data analytics, and automation technologies, smart irrigation solutions optimize water usage, minimize waste, and improve crop yields while conserving water resources and reducing environmental impact.
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Key Players:
• The Toro Company,
• Netafim,
• Hunter Industries,
• Rain Bird Corporation,
• HydroPoint,
• Rachio,
• Banyan Water,
• Rain Machine,
• ET Water,
• Galcon,
• Weathermatic,
• Skydop,
• Blossom,
• Delta-T Devices,
are the notable vendors in the Smart Irrigation Market.
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Smart Irrigation Market Regional Analysis:
By region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
The data reports by MRFR state that The Asia-Pacific Region ensured the primary spot across the Ball Valves market in 2022. The region has substantial development participants, such as China, India, and Indonesia. The primary parameters causing a surge in the performance of the regional Water heater market are rapid urbanization, population growth in emerging economies, increasing industrialization, and the need for reliable & efficient flow control in various industries.
The European Region will grow substantially across the Water heater market from 2023 to 2032. The region has substantial development participants, such as Germany, France, and the U.K. The primary parameters causing a surge in the performance of the regional Water heater market are the growing investment in research & development, increasing focus on innovation & technology advancement, and the presence of leading research institutions.
Smart Irrigation Market Segmentation:
The global smart irrigation market has been segmented on the basis of component, system type, application, and region.
By component, the smart irrigation market has been segmented into controllers, sensors, water flow meters, and others.
The global smart irrigation market, based on system type, has been segmented into weather-based controller systems and sensor-based controller systems. The weather-based controller systems segment accounted for the largest market share in 2019 and is estimated to register a CAGR of 56.2% during the review period.
The global smart irrigation market, based on agriculture, has been segmented into agricultural and non-agricultural.
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Smart irrigation systems play a vital role in addressing the challenges of water scarcity, climate change, and resource constraints in agriculture, landscaping, and urban environments. By leveraging IoT, sensor technologies, and data analytics, smart irrigation solutions enable precision water management, optimize crop yield, and promote environmental sustainability. As the smart irrigation market continues to evolve, collaboration between technology providers, agricultural stakeholders, and water management authorities will drive further innovation and adoption of smart irrigation solutions, ensuring efficient and sustainable water use for future generations.
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