Automated Irrigation Market Synopsis:
The automated irrigation market size is projected to reach approximately USD 9,365.02 million by 2028, at a CAGR of 5.3% from 2021 to 2028.
Agriculture is the main occupation of many all over the world. Despite the existence of other sectors, the existence of agriculture shows the confidence levels of the farmers. Agriculture involves many tasks. When the system of automation is introduced in agriculture, it helps the farmers in earning more revenue. The process of irrigation can be automated, where the monitoring of the water, soil, and weather conditions takes place systematically. This sort of automation can be done through the installation of controllers and sensors. When things are automated and controlled, the wastage of water is also controlled. The introduction of IoT-based systems in agriculture has bought new changes in farming and the farmer can benefit from the same.
Competitive Analysis:
The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach across the globe with diverse product portfolios. Companies such as The Toro Company (US), Hunter Industries (US), and Netafim (Israel)dominate the global automated irrigation market due to brand reputation, product differentiation, financial stability, strategic developments, and diversified regional presence. The players are focused on investing in research and development. Furthermore, they adopt strategic growth initiatives, such as expansion, product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.
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Who are the major Industry participants for irrigation automation?
The industry participants for irrigation automation are the global automated irrigation market manufacturers include The Toro Company (US), Hunter Industries (US), Netafim (Israel), Stevens Water Monitoring Systems Inc. (US), Valmont Industries, Inc. (US), Lindsay Corporation (US), Jain Irrigation Systems Ltd (India), HydroPoint Data Systems, Inc. (US), Nelson Irrigation (US), and Galcon (Israel).
Automated Irrigation Market Segmental Review:
The Automated Irrigation Market Growth can be segmented based on the components, type, application, end-use, and region. According to the component category, the market is divided into sprinklers, valves, controllers, and sensors. According to the type of category, the market is divided into volume-based, time-based, real-time-based, and computer-based. The segments like soil management, water resource management, and ground water management come under the application category. The segments under the end-user category are – agricultural and non-agricultural. According to the regional category, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
What are the dominant industry trends for irrigation automation?
AI/ML, IoT, and data analytics are three prominent trends that have had a significant impact on the agriculture automation industry. These trends helped to drive the market's growth. The market is anticipated to be driven by an increase in farm sizes as well as the use of cutting-edge farming methods like VRT and electrostatic spray systems. The use of agricultural robots and drones for application is increasing, which will increase the demand for agricultural sprayers. Many farmers are switching to solar technology adoption to lower the overall cost of automation systems. Government support initiatives are being expanded to encourage the use of solar technology in spraying applications. Sprayers are becoming more prevalent among many end-user crop kinds, including cereals, oilseeds, and fruits and vegetables.
What potential issues could the irrigation automation industry face?
Most businesses in the irrigation automation industry are situated in industrialised nations. The expense of importing these goods into developing nations increases the cost of the finished product. These costs are likely to increase during the forecast period posing higher challenges for the market growth.
Regional Outlook:
The controller segment of the component category dominates the market. This is because of the increase in demand for semi-automatic systems like volume-based and time-based systems. According to the type of category, the time-based segment contributes maximum to the market share. Time-based systems help in controlling the labor cost, irrigation process, and consumption of fuel. A time-based system permits the farmer to monitor the crops regularly. According to the end-user category, the non-agricultural segment is found using automated systems. Gardens, golf courses, residential purposes, pastures, turf, and sports grounds are some examples of the non-agricultural segment. According to the regional category, North America is dominating the market followed by the Asia-Pacific region.
Industry Development:
The global analysis of the Surgical Irrigation market states that the market is expected to reach 9365.02 million US dollars at a 5.3% CAGR by the end of 2028. The adoption of new technologies creates challenges and new opportunities for automation service providers. Though the systems are very helpful, their installation cost becomes a burden on the local farmer and hence hampers the market growth. A developed country can afford the cost of such automated irrigation systems, but in an underdeveloped country, the local farmer will not be able to install such automated services even though they are very beneficial. Adoption of organic practices in farming has created new opportunities for market growth. Any research and development activity requires a huge investment. A focus on sponsoring the research and development activities will provide good information that may be beneficial for the growth of the market. The progress of the market has given rise to strategies like collaborations, partnerships, expansions, joint ventures, mergers, and acquisitions between major players providing automated irrigation systems.
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