FMI Releases New Report on the Smart Irrigation Market 2017-2027
Global Smart Irrigation Market: Market Dynamics
Increasing government initiatives to promote water conservation, expanding farming operations cost and growing importance to increase farm profit by utilizing automated irrigation solutions are the primary factors drives the growth of global smart irrigation market. Additionally, increasing research and development investment for developing reliable irrigation scheduling solutions, growing interest on developing smart irrigation solutions using internet of things (IoT) and continuous advancement in sensing and monitoring technologies, accelerates the growth of global smart irrigation market. Also, increasing need to monitor and control the water requirements of the field due to inadequate rainfall and water scarcity across the world, further expected to fuel the growth of global smart irrigation market. However, lack of awareness regarding the potential benefits of smart irrigation solutions and high implementation cost are the factors identified as the restraints likely to deter the progression of global smart irrigation market.
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Global Smart Irrigation Market: Market Segmentation
The global smart irrigation market is segmented on the basis of component, technology, application and by region. On the basis of component, the global smart irrigation market is segmented into hardware and software, the hardware sub-segment can be further segmented into sensors, controllers, sprinkler nozzles and others. On the basis of technology, the global smart irrigation market is segmented into evapotranspiration based smart irrigation technology and soil moisture based smart irrigation technology. On the basis of application, the global smart irrigation market is segmented into agriculture and non-agriculture. Regionally, the global smart irrigation market is segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.
Global Smart Irrigation Market: Market: Market Segmentation
North America smart irrigation market is expected to dominate the market due to increased focus on water conservation solutions and supportive adequate infrastructure to implement smart irrigation solutions. Asia pacific smart irrigation market is identified as the fastest growing market, due to growing interest on technology based agriculture practices and continuous focus to improve agricultural productivity
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Global Smart Irrigation Market: Market:Competition Landscape
Some of the prominent vendors in the global smart irrigation market, includes Hunter Industries, Rain Bird Corporation, Netafim, HydroPoint Data Systems, Inc., Rachio Inc., The Toro Company, Calsense, Galcon, Blossom and Green Electronics LLC (RainMachine)
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