DUBLIN--(BUSINESS WIRE)--The "Global Smart Irrigation Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The global smart irrigation market is evaluated at US$ 1,090.645 million for the year 2020 growing at a CAGR of 15.52% reaching the market size of US$ 2,591.887 million by the year 2026.
A smart irrigation system is a combination of water nozzles and advanced technology to monitor the coverage of water from the sprinkler.
The rising scarcity of water, combined with the integration of technological advancements in the field of agriculture are the main drivers behind the growth of the smart irrigation market. Furthermore, increasing initiatives to promote efficiency and enhance land productivity are also some of the key reason fuelling the smart irrigation market during the coming years.
However, the high costs associated with the installation of these systems, along with the lack of awareness regarding their availability and usage, especially in developing economies are projected to heavily restrain the market growth during the forecast period.
A key factor that is expected to drive the market during the forecast period is the presence of water conservation system in smart irrigation that monitors the moisture related properties of the surrounding area and adjusts the watering to the required levels. This feature of the smart irrigation system has drastically reduced the amount of water wasted and has acted as catalyst in the growth of the market over the years.
The market is further fuelled by the development of smart city projects that has led to an increased demand of smart irrigation systems across several countries.
The advent of COVID-19 had an adverse impact on the global Smart Irrigation market which led to a decline in the sales of the systems owing to the disrupted supply chain due to the government protocols which inhibited the hardware products to reach the manufacturing facility to form the final system.
With the industries getting back on the track and recovering after suffering losses due to the pandemic, the smart city and other smart irrigation projects that were unable to continue the processes due to lockdown are expected to resume in the coming months. The growth of the smart irrigation systems market is expected to show gradual increase initially but is expected to witness rapid growth after the industries resume full-fledged activities which will lead to the suspended projects being resumed during the forecast period.
Key Topics Covered:
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Smart Irrigation market Analysis, by Component
5.1. Introduction
5.2. Sensors
5.2.1. Rain/Freeze
5.2.2. Soil Moisture
5.2.3. Flow
5.3. Controllers
5.4. Others
6. Smart Irrigation market Analysis, by Application
6.1. Introduction
6.2. Agricultural
6.3. Residential
6.4. Commercial
7. Smart Irrigation market Analysis, by System type
7.1. Introduction
7.2. Weather-Based Controller System
7.3. Sensor-Based Controller System
8. Smart Irrigation market Analysis, by Geography
8.1. Introduction
8.2. North America
8.2.1. North America Smart Irrigation market, By Application, 2020 to 2026
8.2.2. North America Smart Irrigation market, By System type, 2020 to 2026
8.2.3. By Country
8.2.3.1. USA
8.2.3.2. Canada
8.2.3.3. Mexico
8.3. South America
8.3.1. South America Smart Irrigation market, By Application, 2020 to 2026
8.3.2. South America Smart Irrigation market, By System type, 2020 to 2026
8.3.3. By Country
8.3.3.1. Brazil
8.3.3.2. Argentina
8.3.3.3. Others
8.4. Europe
8.4.1. Europe Smart Irrigation market, By Application, 2020 to 2026
8.4.2. Europe Smart Irrigation market, By System type, 2020 to 2026
8.4.3. By Country
8.4.3.1.1. Germany
8.4.3.1.2. France
8.4.3.1.3. UK
8.4.3.1.4. Others
8.5. Middle East and Africa
8.5.1. Middle East and Africa Smart Irrigation market, By Application, 2020 to 2026
8.5.2. Middle East and Africa Smart Irrigation market, By System type, 2020 to 2026
8.5.3. By Country
8.5.3.1. Saudi Arabia
8.5.3.2. UAE
8.5.3.3. Others
8.6. Asia Pacific
8.6.1. Asia Pacific Smart Irrigation market, By Application, 2020 to 2026
8.6.2. Asia Pacific Smart Irrigation market, By System type, 2020 to 2026
8.6.3. By Country
8.6.3.1. China
8.6.3.2. India
8.6.3.3. Japan
8.6.3.4. South Korea
8.6.3.5. Others
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Telsco Industries, Inc.
10.2. Rain Bird Corporation
10.3. The Toro Company
10.4. Hunter Industries
10.5. Netafim
10.6. HydroPoint Data Systems, Inc.
10.7. Baseline Inc.
10.8. CALSENSE
10.9. Rachio Inc.
10.10. California Sensor Corporation
For more information about this report visit https://www.researchandmarkets.com/r/21hafp
