Smart Irrigation Market Trends: Predicted 15% CAGR by 2028, Assessing Size, Share, Demand, and Competitive Analysis

MarkNtel Advisors has recently published "Smart Irrigation Market Analysis Share, Growth, Demand, Forecast  2028," a comprehensive research report that provides in-depth analysis of various factors driving the industry's growth across different geographic regions. This report offers reliable insights into the historical, current, and projected trends, in the Smart Irrigation Market, presented through detailed explanations, tables, and figures. It equips stakeholders with valuable knowledge of the industry dynamics, enabling them to strategize effectively before making investment decisions.

The report indicates that the Smart Irrigation Market is anticipated to experience a CAGR of approximately 15% during the period of 2023-2028. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.

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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.

Segmenting Success: Unveiling Opportunities in the Smart Irrigation Market 2023-2028

The Smart Irrigation Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:

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 the following:

- North America

- South America

- Europe

- Middle East & Africa

- Asia-Pacific

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Unveiling the Competitive Landscape: Insights into Key Players in the Smart Irrigation Market 2023-2028

The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry—the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the Smart Irrigation Market, ultimately seeking substantial revenue generation over the forecasted years.

- Rain Bird Corporation

- Calsense

- Galcon

- Weathermatic

- Cultyvate

- Hydropoint

- Netafirm

- Stevens Water Monitoring Systems

- CropX

- Ecozen Solutions

- Water Bit

- AquaSpy

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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