DUBLIN--(BUSINESS WIRE)--The "Smart Irrigation Market with COVID-19 Impact Analysis by System Type (Weather-Based, Sensor-Based), Application, Component (Controllers, Sensors, Water Flow Meters) and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global smart irrigation market was valued at USD 961 million in 2019 and is expected to reach USD 2,056 million by 2025, at a CAGR of 15.3% during the forecast period.
Government initiatives for promoting water conservation to surge the adoption of smart irrigation systems
The market has a promising growth potential owing to several driving factors such as government initiatives for promoting water conservation and the growth of smart cities opting for the conservation of water.
The smart irrigation market is currently in the introductory growth phase and is expected to witness robust growth in the future owing to the increasing role of technology in irrigation. The advent of IoT and AI-based solution have proved beneficial for the smart irrigation market and could provide further growth to the market. The impact of COVID-19 on the smart irrigation market is likely to be there for a short term, and by end of 2020 or early 2021, the market is expected to witness robust recovery with higher demand for installation of IoT devices in agricultural farms across the world to make optimum use of resources with reduced labor requirements in the fields.
The market for controllers estimated to dominate the market during the forecast period
The controllers are the core components in an automated agriculture system and the market for it is estimated to dominate the market during the forecast period. The adoption of these controllers by the large commercial farms has resulted in the huge demand as well as the developments in the field of IoT in agriculture has automated the controllers to a large extent. Over the past few years, the number of smart controller products on the market has increased dramatically, with different manufacturers opting for different control technology solutions.
The market for agriculture applications estimated to grow at highest CAGR during the forecast period
The non-agriculture application holds a major chunk of share in the smart irrigation market however the use of smart irrigation systems in agriculture has been on the rise with substantial growth prospects. The rising concerns to feed the growing population and focus on sustainable development has led to the use of precision irrigation to provide optimum inputs. Moreover, the rising labor crisis has fuelled the need for smart irrigation systems so as to reduce dependency on human labor.
Smart irrigation market in the Asia-Pacific to grow at the highest CAGR between 2019 and 2025
Major driving factors for the growth of the smart irrigation market in the APAC region are the rising investments in the ag-tech sector in countries like India, China, Australia and the increasing penetration of remote sensing technology along with the integration of IoT devices with smart phones. The APAC region has a tremendous growth potential owing to several investments made in the agriculture technology by established players in the region. Other driving factors for the growth of this market are strong government support, increased crop productivity, and minimal water wastage using smart irrigation systems. Agriculture, turf, landscape, and ground care are the major application areas for smart irrigation in APAC.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
3.1 Realistic (Post COVID-19) Scenario
3.2 Optimistic (Post COVID-19) Scenario
3.3 Pessimistic (Post COVID-19) Scenario
4 Premium Insights
4.1 Attractive Opportunities for Smart Irrigation Market Growth
4.2 Smart Irrigation Market in APAC, by Application and Country
4.3 Smart Irrigation Market, by Component
4.4 Smart Irrigation Market, by System Type
4.5 Smart Irrigation Market, by Country (2020-2025)
5 Market Overview
5.1 Market Evolution
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 COVID-19 to Accelerate Deployment of IoT Sensors and Nodes in Agriculture Farms by Integrating Multiple Control Functionalities
5.2.1.2 Government Initiatives for Promoting Water Conservation to Surge the Adoption of Smart Irrigation Systems
5.2.1.3 Growth of Smart Cities and Need for Efficient Irrigation Systems to Fuel Smart Irrigation Controller Adoption
5.2.2 Restraints
5.2.2.1 Implementation of Smart Irrigation Technologies in Fragmented Land
5.2.2.2 High Technological Costs and Limited Technical Knowledge and Skills Among Farmers
5.2.3 Opportunities
5.2.3.1 Advancements in Communication Technologies and Advent of 5G Network to Accelerate Smart Irrigation Project Amid COVID-19
5.2.3.2 Integration of Smartphones With Wireless Irrigation Controller to Create Substantial Opportunity Post COVID-19
5.2.4 Challenges
5.2.4.1 Lack of Standardization in Smart Irrigation Industry
6 Industry Trends
6.1 Value Chain Analysis
6.1.1 Major Stakeholders in Smart Irrigation Market
6.2 Industry Trends
6.3 Impact of COVID-19 on Smart Irrigation Market
6.3.1 Irrigation Technology Providers Focusing on Wireless Irrigation Systems to Access Web-Based Interface During COVID-19
6.3.2 Accelerated Demand for Smart Irrigation Systems After COVID-19
7 Smart Irrigation Market, by Component
7.1 Introduction
7.2 Controllers
7.3 Sensors
7.4 Water Flow Meters
7.5 Others
8 Smart Irrigation Market, by System Type
8.1 Introduction
8.2 Weather-Based Controller Systems
8.3 Sensor-Based Controller Systems
9 Smart Irrigation Market, by Application
9.1 Introduction
9.2 Agriculture
9.3 Impact of COVID-19 on Agriculture
9.4 Non-Agriculture
9.5 Impact of COVID-19 on Non-Agriculture
10 Geographic Analysis
10.1 Introduction
10.2 Americas
10.3 Europe
10.4 Asia-Pacific (APAC)
10.5 RoW
11 Competitive Landscape
11.1 Overview
11.2 Market Player Ranking Analysis (2019)
11.3 Competitive Situations and Trends
11.3.1 Visionary Leaders
11.3.2 Dynamic Differentiators
11.3.3 Innovators
11.3.4 Emerging Companies
11.4 Recent Developments
11.4.1 Product Launches
11.4.2 Agreements, Partnerships, and Contracts
11.4.3 Mergers and Acquisitions
12 Company Profiles
12.1 Introduction
12.1.1 Key Players to Witness Surge in Demand for Smart Irrigation Systems in Agriculture
12.2 Key Players
12.2.1 Rain Bird Corporation
12.2.2 The Toro Company
12.2.3 Hunter Industries
12.2.4 Netafim
12.2.5 Hydropoint
12.2.6 Manna Irrigation
12.2.7 Stevens Water Monitoring Systems
12.2.8 Galcon
12.2.9 Rachio
12.2.10 Weathermatic
12.3 Other Players
12.3.1 Jain Irrigation Systems
12.3.2 Banyan Water
12.3.3 Delta-T Devices
12.3.4 Calsense
12.3.5 Blossom
12.3.6 Skydrop
12.3.7 Aquaspy
12.3.8 Soil Scout
12.3.9 Caipos
12.3.10 Acclima
12.3.11 Rain Machine (Green Electronics)
12.3.12 Wiseconn Engineering
12.3.13 Valley Irrigation (A Valmont Company)
For more information about this report visit https://www.researchandmarkets.com/r/ub5y7z
"smart" - Google News
July 24, 2020 at 04:22PM
https://ift.tt/3jAqPbY
Smart Irrigation Market with COVID-19 Impact Analysis by System Type, Application, Component and Geography - Forecast to 2025 - ResearchAndMarkets.com - Business Wire
"smart" - Google News
https://ift.tt/2P2kUhG
https://ift.tt/3febf3M
Bagikan Berita Ini
0 Response to "Smart Irrigation Market with COVID-19 Impact Analysis by System Type, Application, Component and Geography - Forecast to 2025 - ResearchAndMarkets.com - Business Wire"
Post a Comment