A Clear View Ahead: Projecting Growth and Analyzing the Smart Irrigation Market

A recent report by MarkNtel Advisors reveals that the Smart Irrigation Market is expected to grow at a compounded annual growth rate (CAGR) of approximately 15% during 2023-28. The report provides a detailed understanding of the industry, including key drivers, challenges, opportunities, and latest trends. It also examines the competitive landscape & recent advancements made by leading companies operating in the industry, along with their range of product/service offerings, growth strategies, and presence in different regions/countries.

Our experts have used both primary & secondary research methods to gather accurate and comprehensive information about the Smart Irrigation Market. The study also covers potential growth barriers to the market and highlights untapped opportunities while providing recommendations for stakeholders to prepare for unexpected situations that may arise in the future. The report considers historical data from 2023-28 as the starting point and provides forecasts for the years 2023 to 2028. All market values presented are in USD Million/Billion.

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Goals of the Smart Irrigation Market Research Study

·        To provide valuable insights into aspects like drivers, challenges, opportunities, threats that impact the growth of the Smart Irrigation Market

·        To have a complete understanding of the value chain through Porter's five forces model

·        To identify positioning of major participants in the Smart Irrigation Market, along with their competitive advancements like collaborations, mergers & acquisitions, new product releases, and investments in research & development.

·        To provide thorough information to stakeholders on growth opportunities in fast-growing segments

Market Dynamics

Key Driver: The Diminishing Cost of Sensors and 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 to the expansion of the market.

Recent Development

·        In April 2023, Rain Bird Corporation, along with Flume, shook hands together and proposed to provide a new generation of whole-home water management solutions. These solutions have been triggered at equipping water agencies and homeowners with enhanced instruments for accomplishing the ultimate goal of considerable water savings.

·        In March 2023, Netafirm, in order to support the effective adoption of precision irrigation in Morocco and develop the nation's agricultural sector, unveiled the launching of its maiden manufacturing facility in North Africa. Netafirm is an Orbian company and a global pioneer in precision agriculture solutions. By investing in this facility, the corporation is demonstrating its ongoing dedication to assisting the region's nations to earn the major milestone of food security in addition to confronting climate change.

A Detailed Analysis of Major Segments Driving the Smart Irrigation Market Growth

In this section, the report explores the Smart Irrigation Market's dynamic landscape, dissected into multiple segments and sub-segments, along with pivotal factors propelling industry growth, to help stakeholders optimize their positioning, target audience, and revenue tactics.

Based on Irrigation Technology

- Sprinkler Irrigation

- Centre-pivot Irrigation

- Drip Irrigation

- Micro-Irrigation

- Irrigation drones

Based on Component

- Climate based Controllers

- Soil moisture Sensor controllers

- Weather-based controllers

- Sensor-based controllers

- Rain/freeze sensors

- Wind sensors

- Flow sensors

Based on End User

- Residential Lawns/Gardens

- Agricultural Lands

- Golf courses

- Sport Stadiums

Geographically, the Smart Irrigation Market expands across:

- North America

- South America

- Europe

- Middle East & Africa

- Asia-Pacific

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Note: The Smart Irrigation Market research report can be tailored as per individual client needs, providing comprehensive & valuable insights at various levels. This personalized approach enables clients to understand the industry's true potential, effectively tackle growth challenges, devise effective strategies, and make well-informed decisions to maintain a competitive edge in the industry.

Smart Irrigation Market Research Report: Key Questions Addressed

·        What is the estimated size, share, & CAGR of the Smart Irrigation Market during 2023-28?

·        Which segments & sub-segments are considered most prevalent in the Smart Irrigation Market research study?

·        What are the major regions/countries would offer remunerative prospects to the key players in the Smart Irrigation Market?

·        What are the geographical trends and recent developments in the Smart Irrigation Market?

·        Which products/services would witness rapidly growing demand in the Smart Irrigation Market through 2028?

A Detailed Assessment of Major Companies in the Smart Irrigation Market and their Key Growth Strategies

The competitive landscape section of the report unveils the top players in the Smart Irrigation Industry, their financials, resources, product offerings, market share, strategic initiatives, R&D investments, strengths, & weaknesses. All the findings & hypothesis on the market ecosystem have been carefully validated through a detailed Porter's five forces analysis.

Companies like,

- Rain Bird Corporation

- Calsense

- Galcon

- Weathermatic

- Cultyvate

- Hydropoint

- Netafirm

- Stevens Water Monitoring Systems

- CropX

- Ecozen Solutions

- Water Bit

- AquaSpy

often involve in collaborations for joint venture programs & resource sharing to achieve their objectives efficiently.

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About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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