Global smart irrigation market will expand at a CAGR of 13.1%, reaching an estimated value of US$ 2.32 Bn by the end of forecast period, 2017-2026.
Albany, NY -- (SBWIRE) -- 02/15/2018 -- Agriculturists and farmers, specifically, are promoting smart irrigation technologies on the grounds their key role in optimizing the use of water around the world. Presently, in domestic end-uses such as schoolyards, government parks and community botanical gardens, smart irrigation is witnessing a steadfast adoption. Market Research Hub (MRH) has publicized a new study, titled "Smart Irrigation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2026" to its massive repository, which provides a comprehensive analysis of the current as well as future growth projections for the market. In order to explain the intensity of competition in the market, the report has been segmented geographically into major regions including North America, Japan, Europe, Asia Pacific excluding Japan, Latin America, and the Middle East and Africa.
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Smart irrigation systems are being widely adopted in agricultural sector across established countries while developing economies are motivated to build the strong connection between farmers and smart irrigators. It can be defined as, an automatically smart solution which adjusts the watering schedule based various real-time parameters including water content of the plant, wind direction and local weather data. The research has found that the overall adoption of smart irrigation systems continues to gain traction across several parts of the world in the coming years. As per the forecast predictions, the global smart irrigation market will expand at a CAGR of 13.1%, accomplishing an estimated value of US$ 2.32 Bn by the end of forecast period, 2017-2026.
Prime Factors Fueling Market Growth
The advantage of these technologies remain for long-term as every drop of water saved with the help of smart irrigation volumes for a significant contribution to the global water conservation.
In terms of geography, increasing inclination of agriculturists and farmers in the US and Canada towards integration of "smart" technologies has fueled the growth of North America's smart irrigation market. In the coming years, the market has been expected to grow in Asia-Pacific excluding Japan (APEJ) region with fastest revenue growth.
Moving further, the research has been classified on the basis of component type, solution type and end-use. The report also projects that architects & specifiers will register the fastest end-use of smart irrigation systems, exhibiting a CAGR of 14.6% over the forecast period. On the basis of the component, water management platforms and soil moisture sensors will collectively account for a considerable share in the market.
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At the end, the research focuses on the leading manufacturers that will be leading manufacturers of smart irrigation systems in the foreseeable future. Galcon Ltd., Rain Bird Corporation, Netafim Ltd., The Toro Company, HydroPoint Data Systems, Inc., Hunter Industries Inc., Rachio Inc., Telsco Industries Inc., Orbit Irrigation Products Inc., Valmont Industries, Inc., and Blossom are some of the players mentioned in the study.
As the report concludes, the profiles of major players in the automotive laser headlight market are targeted. These companies are studied based on various attributes such as company overview, SWOT analysis, financial overview, key business strategies, recent developments and product portfolio. Key players functioning in the automotive laser headlight market include Valeo S.A., Robert Bosch GmbH, SORAALASER, OSRAM GmbH, ZKW Group among others.
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