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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