Irrigation Automation Market to Garner US$ 2.47 billion, Globally, by 2027 at 19.2% CAGR with Prosperous Growth Opportunities: The Insight Partners - Digital Journal

2022-06-18 21:48:33 By : Ms. Shandy Shi

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According to our latest market study on “Irrigation Automation Market Forecast to 2027 –COVID-19 Impact and Global Analysis – by Automation Type (Time-Based Systems, Volume-Based Systems, Real-Time Feedback Systems, Computer-Based Irrigation Control Systems); Irrigation Type (Drip Irrigation, Sprinkler Irrigation, Surface Irrigation); Component (Controllers, Sensors, Valves, Sprinklers, Others); System (Automatic, Semiautomatic); and End-user (Agricultural, Non-Agricultural), and Geography,” the market was valued at US$ 2.47billion in 2019 and is projected to reach US$ 9.63 billion by 2027; it is expected to grow at a CAGR of 19.2% from 2020 to 2027. Automated irrigation systems work with minimal manual intervention. Various types of irrigation, such as drip, sprinkler, and surface irrigation, are being converted into automated systems with the help of sensors, timers, and mechanical appliances. The automation of existing irrigation process makes the entire agricultural activities more efficient as well as supports the farmers and growers to conserve water and energy.

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List Of TOP KEY PLAYERS in irrigation automation Market Report are –

The irrigation automation market is growing with the support from various country governments encouraging water and energy conservation as well as with the rising demand for food with the continuously growing population. Emerging water crisis, together with unpredictable rainfall patterns, is significantly hindering the use of conventional agricultural irrigation practices, thus propelling the use of advanced irrigation techniques for cultivation worldwide. Moreover, the integration of advanced technologies such as soil moisture-based and weather-based water management techniques boosts the adoption of irrigation automation systems.

The scarcity of freshwater resources in arid and urban regions , as well as progress in greenhouse projects, leads to enormous dependence on efficient irrigation techniques based on sensors assisting spraying and dripping irrigation automation systems. Therefore, the global irrigation automation market demand is surging rapidly and is expected to notice an exponential growth during the forecast period. Further, golf courses, residential plantation, and urban landscaping are demanding convenient and steady water supply techniques without any manual intervention, in turn, supporting the growth of the irrigation automation market.

The irrigation automation market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. APAC holds the largest irrigation automation market share owing to the presence of the vast agricultural land as well as growing awareness among farmers and growers regarding the modern irrigation solutions. The implementation of new technologies in developing economies would broaden the scope of automated irrigation in Asia. India and China are the countries having large irrigated areas in this region; this fact creates massive growth opportunities for the providers of automated irrigation systems. In 2019, the region held over 40% revenue share to the overall irrigation automation market. In terms of market share, Europe and North America held the second and third position in the global irrigation automation market in 2019.

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Increasing use of smart sprinklers is offering prosperous growth opportunities to irrigation automation market players

A few smart sprinkler controllers are capable of being integrated with weather intelligent systems, which respond accurately to the real-time climate conditions and are supported by smartphones, providing ease of control to the user. Also, smart sprinkler irrigation has recognized to be one of the most efficient means of protecting a range of crops against frost damage. Water is released at a suitable rate; the temperature of the plant remains at or close to 0°C. Frost damage can result in severe crop losses for vegetables, fruits, and nursery crops. Severe damage generally happens when the frost comes after buds and blossoms began to open. With the significant benefits delivered by the smart sprinklers, its demand is expected to flourish in the near future, which, in turn, is expected to offer lucrative opportunities to the irrigation automation market.

In terms of automation type, time-based systems captured the largest share of the global irrigation automation market in 2019. The dominance is attributed to the rising need for continuous monitoring of crops at various irrigation stages. The time-based system is essential to maintain the efficiency of harvest, which is increasing the demand for these products and services.

In terms of irrigation type, drip irrigation captured the largest share of the global irrigation automation market in 2019. The preference for these systems is attributed to their high operating efficiency as well as features that help in achieving higher consistency of yields. Additionally, the drip sprinklers are deployed on small-scale but are more significant for sprinkling fertilizer with greater efficiency without leaching.

In terms of component, the controllers segment is expected to witness the highest CAGR in the irrigation automation market during the forecast period. The growth of the market for this segment is mainly attributed to the risingdemand for semiautomatic systems and time-based irrigation controllers. Additionally, a controller is the essential and most expensive component of irrigation automation systems.

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With tables and figures, helping analyze worldwide Global irrigation automation Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Market.

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