As per the market research study by Transparency Market Research, the global market for smart irrigation is projected to reach a value of US$2.32 bn by the end of 2026. The market is predicted to register a promising 13.10% CAGR between 2017 and 2026.
Albany, NY -- (SBWIRE) -- 11/09/2018 -- Global Smart Irrigation Market: Overview and Research Outlook
Increasing usage of water in farming and gardening activities has aggravated the concerns over global water conservation. Farmers are using sensors and other technologies to be a step ahead of planning the cultivation of crops against the changing weather and irregular water supply. Smart irrigation systems are being adopted in agricultural sector across developed countries, while developing economies are striving to build strong rapport between farmers and smart irrigators through awareness programs. Companies are developing advanced smart irrigation systems that can facilitate the cultivation needs for future generations. Moreover, smart irrigation systems being developed are being used for watering the schoolyards and common botanical gardens under municipal limits.
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According to Transparency Market Research's latest report, the demand for smart irrigation systems will continue to gain traction in the foreseeable future. The global smart irrigation market will expand vigorously during the forecast period, 2017-2026. The report has compiled valuable insights and analytical assessments to develop an accurate forecast on the expansion of the global smart irrigation market for the near future. The report analyzes the current market scenario and gauges the future prospects of smart irrigation with an elaborate segmentation of the overall smart irrigation market. The report provides a market snapshot through an executive summary that gives details on the key research findings and forecasted market estimations. These insights can enable the companies in smart irrigation market to take strategic decisions towards future market direction.
Smart Irrigation Market: Report Highlights and Segmentation
The report includes a range of chapters that offer distinct information on the changing landscapes of the global smart irrigation market. An overview of the technologies used in smart irrigation systems is provided in the report. The technological analysis of smart irrigation systems puts forth a comparative study of the best practices and the sought-after tools. The report further delivers analysis on the global smart irrigation value chain and the global smart irrigation supply chain. In these sections, key role of product developers, distributors and regulatory bodies is categorically assessed.
Furthermore, cost structure and pricing analysis entailing the production and distribution of smart irrigation systems is also analyzed in the report. A detailed competition assessment is provided in the report, wherein companies are profiled with an unbiased methodology. Their current market standings are taken into account and weighed against their strategic developments. The report has created an intensity map that traces the presence of these companies across several regions. Players with higher presence in particular countries are observed to be the regional market leaders. The report further offers a slew of sections on segmental analysis of the global smart irrigation market. Primarily, the global smart irrigation market has been segmented on the basis of component type, end-user, solution type, and region. The overall smart irrigation market taxonomy has been illustrated below.
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Scope of the Report
A robust research methodology has been incorporated to develop this report. Market size estimations have been interpreted across multiple parameters and the report findings have been developed to capture global understanding. By blending qualitative data with quantitative insights, this report provides critical information that suits the scope of enabling companies in the global smart irrigation market make informed analysis and develop credible strategies for future business development.