Published Date: 3-Dec-2020
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According to a new report Global Irrigation Automation Market, published by KBV research, The Global Irrigation Automation Market size is expected to reach $7.9 billion by 2026, rising at a market growth of 22% CAGR during the forecast period.
The time-based automation type segment has dominated the market in the year 2019. The high share is mainly accredited to the reimbursements such as less labor cost, total control of the irrigation process, and a reduced amount of fuel used, among others.
The controller segment has dominated the market in the year 2019. The high share of the segment is accredited to the growing demand for semi-automatic systems, such as volume-based and time-based systems that have resulted in the rising demand for controllers in the inclusive market. Controllers are helpful in providing the essential amount of water at the exact time as per the desired schedule. The sensors segment is anticipated to evolve as one of the fastest-growing segments. Sensors are helpful in gaining determining irrigation needs, and real-time soil moisture levels. Sensors will enhance connectivity and as well as access real-time data through an installed app to irrigators on their smartphones.
The drip irrigation type segment dominated the irrigation automation market in the year 2019. The segment is expected to endure its dominance in the coming year owing to the long-life span of the system for almost ten years. This makes it a robust irrigation system that has a high operating efficiency that has resulted in higher reliability in yields.
The non-agricultural application segment is projected to rise as the fastest-growing segment in the coming years. The growth is mainly due to the increase in sports grounds, pastures, golf courses, residential, gardens, and turf and landscapes all across the world. The irrigation automation systems make sure on-time watering with the requisite amount of water in these abovementioned non-agricultural applications while reducing the water bills.
The Asia Pacific region led the market in the year 2019. Moreover, the region is expected to show its dominance in the coming years due to factors like the presence of the enormous agricultural lands, rapid change in climatic conditions, robust government support, augmented need for reducing wastage of water, as well as advancement in instruments of irrigation. Also, decreasing water levels in the river basins are imposing people to adopt sensor-based irrigation systems.
The North America region is likely to show a substantial CAGR. The growth is considered mainly by the presence of key market players in the region like The Toro Company; Rain Birds; Lindsay Corporation; Valmont Industries Inc.; and Nelson Irrigation Corporation. Stringent government regulations for reduction of water footprint, particularly in the U.S., are anticipated to drive the market growth. The Middle East and Africa region is also estimated to show a prominent growth as automated irrigation systems have considerably supported the green revolution in Israel.
Structural Insights: https://www.kbvresearch.com/irrigation-automation-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Toro Company, Valmont Industries, Inc., Lindsay Corporation, Orbia Advance Corporation (Netafilm Ltd.), Hunter Industries, Inc., Rain Bird Corporation, Jain Irrigation Systems Limited, Rubicon Water, Galcon Ltd. and Telsco Industries, Inc. (Weathermatic).
By Irrigation Type
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