Global Smart Irrigation Market Outlook for 2023-28
Markntel Advisors has conducted a comprehensive study on the Global Smart Irrigation Market is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2023-28. The market is more likely to expand owing to the extensive government initiative for preserving water, incorporating several latest techniques to build and improvise irrigation systems worldwide.
In addition, the Global Smart Irrigation Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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Key Driver: The Diminishing Cost of Sensors & Controllers Used in the System
Manufacturers supplying low-cost sensors have promoted the easy availability of sensors worldwide. These sensors, including soil moisture, rain/free, fertigation, and flow sensors, can be easily attached to the nodes, simultaneously making an irrigation system highly efficient and affordable.
Along similar lines, several latest sensors, such as leaf water stress monitoring sensors, multi-level soil moisture sensors, or water salinity monitoring sensors, designed primarily by using copper coils and other pocket-friendly materials, have already been introduced by the key manufacturers to cut down the exorbitant cost and meet the consistent demand of the under-developed nations. Thus, the cost-effectiveness of sensors and controllers encourages farmers to opt for such advanced techniques in a bid to attain efficient irrigation systems, thereby making a substantial contribution in enhancing the Smart Irrigation Market size.
Global Smart Irrigation Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Smart Irrigation Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter’s five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Irrigation Technology
-Climate based Controllers
-Soil moisture Sensor controllers
-By End User
-Middle East & Africa
Each sections offer valuable insights into the Smart Irrigation Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
Competitive Analysis of the Global Smart Irrigation Industry
-Rain Bird Corporation
-Stevens Water Monitoring Systems
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Global Smart Irrigation Market Research Report Answers the Following Key Questions
- How big is the Global Smart Irrigation Market?
- What is the projected growth rate or CAGR of the Global Smart Irrigation Market during 2022-27?
- What are the key trends or growth opportunities for the key players in the Global Smart Irrigation Market?
- Which ‘segment’ seems promising for companies operating in the Global Smart Irrigation Market?
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