According to a new market report by Lucintel, the future of the smart irrigation market looks promising with opportunities in the agriculture and non-agriculture irrigation industries. The smart irrigation market is expected to grow with a CAGR of 17% from 2019 to 2024. The major drivers for this market are increasing government initiatives to promote water conservation, growth in smart cities, and increasing need for efficient irrigation systems.
To download report brochure, please go to https://www.lucintel.com/smart-irrigation-market.aspx and click "report brochure" tab from the menu.
In this market, weather-based controllers, sensor-based controllers, and smart flow meters are the major systems used in the irrigation industry. Lucintel forecasts that sensor based controllers are expected to witness the highest growth over the forecast period due to the increasing adoption in the agriculture industry. Soil sensor-based controllers are used for analyze data from various sensors, such as soil moisture, rain, temperature, and humidity sensor installed on the field.
Within the smart irrigation market, water resource management, soil management and ground water management are the major application of smart irrigation system market. Lucintel forecasts that water resource management will remain the largest application over the forecast period due to increasing focus of government in water conservation through drip irrigation and IoT based system.
APAC will remain the largest region over the forecast period due to increasing technology adoption and high investment in the R&D of smart irrigation solutions.
Toro Company, Rain Bird Corporation, Hunter industries, Netafim, Stevens Water Monitoring System, Galocn, Rachio, Weathersmatic, Banyan Water are among the major providers of smart irrigation systems..
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the smart irrigation market by system, component, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled "Smart Irrigation Market 2019-2024: Trends, Forecast, and Opportunity Analysis" This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the smart irrigation market by system, component, application, end use industry, and region as follows:
By System [$M shipment analysis for 2019 – 2024]:
Weather-based controllers
Sensor-based controllers
Smart flow meters
By Component [$M shipment analysis for 2019 – 2024]:
Controllers
Sensors
Water Flow Meters
By Applications [$M shipment analysis for 2019 – 2024]:
Water resources management
Soil management
Ground water management
By End Use Industry [$M shipment analysis for 2019 – 2024]:
Agricultural
Nonagricultural
Residential
Turf and Landscape
Golf Courses
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/smart-irrigation-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.