The “Global Smart Irrigation Systems Market 2018-2022” has release their report to the www.researchandmarkets.com website which offers key insight such as: The smart irrigation systems market will register a CAGR of almost 16% by 2022.
With an increasing adoption of irrigation drones, there is a growing demand for smart irrigation systems. One of the latest trends in the global smart irrigation systems market is the rise in adoption of drones by farmers for irrigation as these drones are equipped with hyper spectral or thermal sensors, which gives them the technology to identify parts of the field that dry and require water and which parts do not need the water. The use of smart irrigation systems with drones can change the agricultural process to be more efficient, giving the farmers the ability to track the land and property at all times. Be watching for next week’s article when we discover more about these drones.
But what is this doing to the market?
Growing emphasis on optimal water use
vendors in the market are developing products to reduce the wastage of water in the agricultural sector. Smart irrigation systems offer various benefits dealing directly with the optimal use of water resources which is driving the growth of the market.
Lack of electricity supply and appropriate infrastructure is becoming a large issue. Globally, almost 13% of the population struggles to receive access to electricity daily and most of these population resides in underdeveloped countries such as Africa and Asia which have limited the growth of the market.
The market appears to be divided and with the presence of several companies including companies like Hunter Industries and HydroPoint Data Systems, the competitive environment is quite extreme. Factors such as increasing adoption of irrigation drones and the growing focus on optimal water use, will provide considerable growth opportunities to smart irrigation system companies.
Hunter Industries, HydroPoint Data Systems, NETAFIM, Rain Bird, and The Toro Company are some of the major companies covered in the
Global Smart Irrigation Systems Market’s summary.
One trend that we have already mentioned that is affecting the irrigation market is the increasing adoption of irrigation drones. According to the report, one driver influencing this market is the growing focus on optimal water use. Vendors in the market are developing products to reduce the wastage of water in the agricultural sector. Smart irrigation systems offer various benefits pertaining the optimal use of water resources which is driving the growth of the market.
Additionally, the report states that one challenge affecting this market is the lack of electricity supply and appropriate infrastructure. Globally, almost 13% of the population struggles to receive access to electricity daily and most of these population resides in underdeveloped countries like Africa and Asia which limits the growth of the market.
Key Topics Covered in the summary:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
- Market ecosystem Market characteristics Market segmentation analysis
PART 05: MARKET SIZING
- Market definition Market sizing 2017 Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
- Segmentation by technology Comparison by technology Soil moisture-based controller – Market size and forecast 2017-2022 Weather-based controller – Market size and forecast 2017-2022 Market opportunity by technology
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY END-USER
- Segmentation by end-user
PART 10: REGIONAL LANDSCAPE
- Geographical segmentation Regional comparison Key leading countries Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
- Market drivers Market challenges
PART 13: MARKET TRENDS
- Adoption of irrigation drones Growing inclination toward robots in agriculture Investment opportunities in smart irrigation
PART 14: VENDOR LANDSCAPE
- Overview Landscape disruption
PART 15: VENDOR ANALYSIS
- Vendors covered Vendor classification Market positioning of vendors Hunter Industries HydroPoint Data Systems NETAFIM Rain Bird The Toro Company
PART 16: APPENDIX
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