Global Smart Irrigation Market Expected to Grow at 13.1% CAGR During 2017 – 2026

ALBANY, USA, 2018-Apr-06 — /EPR Network/ —A new detailed study titled “Smart Irrigation Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global smart irrigation market is likely to grow at a CAGR of 13.1% during the assessment period.

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According to the report, adoption of smart irrigation is being boosted by proliferation of technology and use of advanced irrigation equipment around the globe. Agriculturists around the globe, especially in developed countries, are focusing on introducing efficient means of irrigation facilities to boost productivity. These factors are likely to provide an impetus to the growth of the smart irrigation market during the assessment period.

The report segments the global smart irrigation market on the basis of solution type, end user type, component type and region. The solution type segment is further sub-segmented into drought compliance management, water budget management, leak & flow management, smart irrigation management and other solutions.

The end user type segment categorizes the global market by into architect & specifiers, government, education & play grounds, communities, commercial properties, agri professionals and other end users. By component type, the global market is divided into water management platform, flow management solution, rain or freeze sensor, soil moisture sensor, other sensors and smart irrigation controller system.

Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan.

According to the report, sales of smart irrigation controller systems are likely to remain robust throughout the assessment period. According to the report, sales of these controller systems are likely to surpass US$ 900 Mn by the end of the forecast period. By end-use, agri professionals will remain the largest segment in terms of revenue, accounting for over US$ 800 Mn in revenues by the end of the forecast period. Adoption of smart irrigation systems is also likely to remain robust amongst architects and specifiers, and this segment is likely to grow at over 14% CAGR throughout the forecast period.

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North America, Europe, and Asia Pacific are among the three largest regions for smart irrigation market globally. The adoption of smart irrigation systems in these regions is driven by growing emphasis on introducing highly efficient means of agriculture. Although the proliferation of these systems is at a nascent stage in Asia Pacific, it is highly likely that growing awareness will fuel sales during the assessment period.

The report profiles some of the leading players operating in the market. Some of these players are Blossom, Orbit Irrigation Products Inc, Valmont Industries, Inc., Telsco Industries Inc., Galcon Ltd., Hunter Industries Inc., The Toro Company, ydroPoint Data Systems, Inc., Rachio Inc., Rain Bird Corporation and Netafim Ltd.

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