Product ID: UCMIG20H2003
Smart Irrigation Market Size, Share, Growth Analysis, By Type(Climate-based, Sensor-based), By Component(Controllers, Sensors), By End Use(Agriculture, Golf Course), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG20H2003 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Smart Irrigation Market Insights
Market Overview:
Active participation of the government in providing rebates and subsidies to encourage the adoption of smart irrigation technology, the growing awareness among farmers about the advantages of adopting smart irrigation, and the increased crop yield with minimal water and fertilizer waste are driving the market. In developing nations such as India and China, implementing sensors for irrigation is expensive; consequently, several manufacturers are currently offering low-cost sensors such as soil-moisture sensors, rain-freeze sensors, fertigation sensors, and flow sensors that can be connected to nodes to implement inexpensive systems for irrigation management and agriculture monitoring. These are some of the major trends driving the market growth during the analysis period.
Smart Irrigation Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural & Farm Machinery by segment aggregation, the contribution of the Agricultural & Farm Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Smart Irrigation Market Report Snapshots
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