Pune, India -- (SBWIRE) -- 10/26/2018 -- Market Highlights:

The glaring scarcity of water globally is pushing users to find new ways to adopt better methods for water usage and consumption. Market reports linked to the semiconductors and electronics industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is set to attain revenues worth USD 1561 Million by 2022 while developing at 17% CAGR in the forecast period.
Smart irrigation practices have emerged as a practical alternative to the water challenges being faced globally.

Moreover, smart irrigation is also found to beneficial to the water requirements of plants in agriculture and gardening especially. Many users of smart irrigation practices endorse the savings that are achieved in terms of water usage and labor as well, which is a key motivator for the market's growth. The growing awareness of product types of the market will spur the progress of the market extensively in the forecast period.

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What our report offers:

– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

According to MRFR, The global Smart irrigation market is expected to grow at USD ~1561 Million by 2022, at ~17% of CAGR between 2016 and 2022.

Competitive Analysis

The leadership inclinations in the market are strengthening the level of development that can be achieved in the existing market scenario. The changes seen in terms of strategy execution and creation are altering the expansion pace of the market. The plan formulation process in the market has become extensively easier in which deviations are well accounted for; this approach raises the comprehensive success of these plans in the market. The evolution patterns are revised in tandem to the customer likings to realize the highest growth, and in the long run, viability. The framework for growth tactics also has stimulated the market for possible new entrants. The market is also well fortified to meet the challenges and keep up with the active growth trends effectively. The market contenders are making considerable adjustments to minimize the incidence of competitive shortcomings.

The influential companies in the smart irrigation market are Rain Bird Corporation (U.S.), Libelium (Spain), HydroPoint (U.S.), The Toro Company (U.S.), AquaSpy (U.S.), Aquacell Systems (Australia), Baseline Inc. (U.S.), Hortau (U.S.), Hunter Industries (U.S.), among others.

Industry Updates:

Feb 2018 Rain Bird is including another model to the LFX line-up. The new LFX600 offers an advanced maximum flow rate and a wider throw radius to cover an even broader range of irrigation applications. The sprinklers are ideal for low volume applications in under-tree or overhead configurations, including orchard and field irrigation, environmental control, crop cooling, and dust control.

Sep 2018 Rachio has revealed its first smart sprinkler controller with HomeKit integration. After an easy set up process, users can control their sprinkler through the Home app or using their voice with Siri. iPhones or even HomePods can easily be commanded to turn on your sprinklers, view watering zones and status, enable or disable watering among other features.

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Market Segmentation

The worldwide market for smart irrigation has been segmented into three main parts. Each of these has a sub-division respectively and they have been mentioned below:
Application – Non-agriculture and agriculture. On the basis of application, the non-agriculture market takes the lead and holds the largest market share.
By components – Smart detection system/network elements, sensors and water/flow meter. On account of components, sensors govern the market and account for the largest share of the market. The main reason for this is that sensors help in improving productivity and viability of the soil as well the crop.
By types – Soil moisture-based irrigation systems and weather-based irrigation systems. Weather-based irrigation systems have an edge over the others.

Regional Analysis:

North America is expected to dominate the global smart irrigation market with the largest market share in the region. The U.S and Canada are the leading countries in the North America region. This is attributed to increase in adoption of smart water system to conserve and minimise the water wastage. Asia Pacific is expected to be the fastest growing region in smart irrigation market. Currently, India is expected to be the brightest spot due to increased investment in irrigation system and undergoing project such as Namami Ganga are expected to drive the major demand in the country. Additionally, Europe is expected to have substantial growth of the smart irrigation market owing to surging investment in research and development to evolve new techniques in the irrigation system.

Intended Audience:

- Technology developers
- Irrigation consultants
- Sensor manufacturers
- Irrigation contractors
- Water purveyors
- Irrigation designers
- Government Organizations
- Research/Consultancy firms
- Water Management Committee
- End users

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