Irrigation Automation Market Technology, Applications, Recent Trends, Future Growth, Size, Share, Types, Products, High Demand, Industry Analysis and Forecasts 2028
The global irrigation automation market size is expected to reach USD 11.28 Billion in 2028 and register a steady revenue CAGR over the forecast period, according to latest analysis by Emergen Research.
Steady market revenue growth can be attributed to increasing
initiatives of governments related to water conservation and rising deployment
and installation of irrigation automation systems in various countries across
the globe. Governments are focusing intently on reducing water wastage, which
is an issue that primarily arises due to imprecise nature of irrigation water
distribution systems.
Rising government investment on promoting technological
advancements in conventional agrarian irrigation techniques is expected further
to boost growth of the irrigation automation system market during the forecast
period. Collaborations with IT companies for the purpose of deployment of
automation in irrigation systems, which would allow state government
authorities to release and control the flow of irrigated water remotely, based
on real-time demand from farmers is such areas. Steady integration of smart
technologies in agriculture activities is expected to continue to drive revenue
growth of the irrigation automation system market going ahead.
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Competitive Outlook:
The global Irrigation
Automation market is highly consolidated due to the presence of a large number
of companies across this industry. These companies are known to make hefty
investments in research and development projects. Also, they control a
considerable portion of the overall market share, thus limiting the entry of
new players into the sector. The global Irrigation
Automation market report studies the prudent tactics undertaken by the leading
market players, such as partnerships and collaborations, mergers &
acquisitions, new product launches, and joint ventures.
Key players involved in the market such as Netafim,
Lindsay Corporation, Valmont Industries, The Toro Company, Jain Irrigation
Systems, Hunter Industries, Rain Bird, HydroPoint Data Systems, Weathermatic,
and Nelson Irrigation.
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Key Highlights from the Report
In
September 2019, YAMIT Filtration and The Toro Company entered into a strategic
partnership to offer advanced irrigation filtration systems for greenhouse and
agricultural operations. The partnership is expected to make TORO the sole
supplier of YAMIT’s industry-leading filtration solutions in Canada, United States,
and Mexico.
Time-based
segment accounted for largest revenue share in 2020. Rising need to apply water
in the necessary quantity at the right time has resulted in increasing
utilization of time-based systems.
Drip
irrigation segment revenue is expected to expand at a rapid CAGR during the
forecast period. Subsurface drip irrigation prevents wastage of water due to
runoff and evaporation, which is resulting in its increasing utilization owing
to rising awareness among growers regarding the importance of water
conservation.
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The
global Irrigation Automation market is broadly segmented on the basis of
different product types, application range, end-use industries, key regions,
and an intensely competitive landscape. This section of the report is solely
targeted at readers looking to select the most appropriate and lucrative
segments of the Irrigation Automation sector in a strategic manner. The
segmental analysis also helps companies interested in this sector make optimal
business decisions and achieve their desired goals.
Emergen Research has segmented the global irrigation
automation market on the basis of automation type, irrigation type, component,
end-use, and region:
Automation Type Outlook (Revenue, USD Billion;
2018–2028)
Volume-based
Time-based
Computer-based
Control System
Real-time-based
Irrigation Type Outlook (Revenue, USD Billion;
2018–2028)
Drip
Irrigation
Sprinkler
Irrigation
Surface
Irrigation
Component Outlook (Revenue, USD Billion; 2018–2028)
Sensors
Controllers
Sprinklers
Valves
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
Agricultural
Non-agricultural
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Regional Bifurcation of the Irrigation Automation Market
Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of
APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of
MEA)
Key Questions Answered by the
Report:
Which
region is expected to dominate the market in the coming years?
What
are the recent technological and product advancements occurring in the market?
What
are the key strategies adopted by the prominent players in the Irrigation
Automation market?
What
are the key product types and applications of the Irrigation Automation
industry?
What
is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How
is the competitive landscape of the Irrigation Automation market?
Who
are the key players in the industry?
What
is the growth rate of the industry over the coming years?
What
will be the valuation of the Irrigation Automation Market by 2028?
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