Automated Irrigation Market Overview:
Agriculture is the main occupation of many all over the world. Despite the existence of other sectors, the existence of agriculture shows the confidence levels of the farmers. Agriculture involves many tasks. When the system of automation is introduced in agriculture, it helps the farmers in earning more revenue. The process of irrigation can be automated, where the monitoring of the water, soil, and weather conditions takes place systematically. This sort of automation can be done through the installation of controllers and sensors. When things are automated and controlled, the wastage of water is also controlled. The introduction of IoT-based systems in agriculture has bought new changes in farming and the farmer can benefit from the same.
Automated Irrigation Market Share was valued at USD 3.64 billion in 2021. The automated irrigation market industry is projected to grow from USD 4.20 Billion in 2022 to USD 14.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.87 % during the forecast period (2022 - 2030).
The controller segment of the component category dominates the automated irrigation market. This is because of the increase in demand for semi-automatic systems like volume-based and time-based systems. According to the type category, the time-based segment contributes maximum to the market share. Time-based systems help in controlling the labor cost, irrigation process, and consumption of fuel. A time-based system permits the farmer to monitor the crops regularly. According to the end-user category, the non-agricultural segment is found using automated systems. Gardens, golf courses, residential purposes, pastures, turf, and sports grounds are some examples of the non-agricultural segment. According to the regional category, North America is dominating the market followed by the Asia-Pacific region.
The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach across the globe with diverse product portfolios. Companies such asThe Toro Company (US),Hunter Industries (US), and Netafim (Israel)dominate the global automated irrigation market due to brand reputation, product differentiation, financial stability, strategic developments, and diversified regional presence. The players are focused on investing in research and development. Furthermore, they adopt strategic growth initiatives, such as expansion, product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.
Prominent players in the global automated irrigation market include The Toro Company (US), Hunter Industries (US), Netafim (Israel), Stevens Water Monitoring Systems Inc. (US), Valmont Industries, Inc. (US), Lindsay Corporation (US), Jain Irrigation Systems Ltd (India), HydroPoint Data Systems, Inc. (US), Nelson Irrigation (US), and Galcon (Israel).
The Automated Irrigation Market Trends can be segmented based on the components, type, application, end-use, and region. According to the component category, the market is divided into sprinklers, valves, controllers, and sensors. According to the type category, the market is divided into volume-based, time-based, real-time-based, and computer-based. The segments like soil management, water resource management, and ground water management come under the application category. The segments under the end-user category are – agricultural and non-agricultural. According to the regional category, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
The adoption of new technologies creates challenges and new opportunities for automation service providers. Though the systems are very helpful, their installation cost becomes a burden on the local farmer and hence hampers the market growth. A developed country is in a position to afford the cost of such automated irrigation systems, but in an underdeveloped country, the local farmer will not be in a position to install such automated services even though they are very beneficial. Adoption of organic practices in farming has created new opportunities for market growth. Any research and development activity requires a huge investment. A focus on sponsoring the research and development activities will provide good information that may be beneficial for the growth of the market. The progress of the market has given rise to strategies like collaborations, partnerships, expansions, joint ventures, mergers, and acquisitions between major players providing automated irrigation systems.
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