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Smart Irrigation Market is expected to generate a revenue of USD 3.48 Billion by 2031, Globally, at 14.74% CAGR: Verified Market Research®

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News provided by

Verified Market Research

07 Oct, 2024, 14:15 GMT

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Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, "Smart Irrigation Market Size and Forecast," This report offers a deep dive into the growing Smart Irrigation Market, highlighting key trends, growth drivers, and opportunities that are set to redefine the landscape of agriculture and water management.

LEWES, Del., Oct. 7, 2024 /PRNewswire/ -- The Global Smart Irrigation Market Size is projected to grow at a CAGR of 14.74% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1.16 Billion in 2024 and is expected to reach USD 3.48 Billion by the end of the forecast period.

As the demand for food production intensifies alongside water scarcity concerns, smart irrigation solutions have emerged as a game-changer for both large-scale commercial farms and small agricultural operations. Our comprehensive report reveals how innovations in IoT, sensors, weather-based controllers, and drip irrigation systems are enhancing water-use efficiency and reducing operational costs. The insights will provide industry leaders with a competitive edge, enabling them to adopt smart solutions that align with sustainability goals and maximize crop yield.

Key Insights of the Report Include:

  • Market Size & Growth Forecast: Gain insight into the Smart Irrigation Market, projected to experience substantial growth from 2024 to 2031, driven by advances in automation and climate change adaptation efforts.
  • Technological Innovations: Explore the impact of cutting-edge technologies, such as AI-driven irrigation systems, remote sensing, and data analytics, transforming the way water is managed in agriculture.
  • Market Segmentation: Detailed analysis of Component, Application, System, and geographic regions, helping identify the most lucrative investment opportunities across North America, Europe, Asia-Pacific, and more.
  • Competitive Landscape: In-depth profiling of leading players in the Smart Irrigation space, including emerging startups and established companies, empowering businesses to benchmark their strategies and stay ahead of the curve.

Why This Report Matters for Industry leaders:

This report is designed for C-level executives, strategy planners, and key decision-makers in agriculture, water management, and smart farming sectors. Whether you are a manufacturer, technology provider, or investor, this report will equip you with actionable insights to capitalize on the rapidly growing demand for intelligent irrigation systems.

Stay ahead of the curve in the ever-evolving Smart Irrigation Market. For more information or to request a sample copy of the report, please visit: https://www.verifiedmarketresearch.com/download-sample?rid=5145

Browse in-depth TOC on "Global Smart Irrigation Market Size"

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2031

GROWTH RATE

CAGR of ~14.74% from 2024 to 2031

BASE YEAR FOR VALUATION

2024

HISTORICAL PERIOD

2021-2023

FORECAST PERIOD

2024-2031

QUANTITATIVE UNITS

Value in USD Billion

REPORT COVERAGE

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

SEGMENTS COVERED

  • Component
  • Application
  • System

REGIONS COVERED

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

KEY PLAYERS

The Toro Company, Netafim, Hunter Industries, Rain Bird Corporation, HydroPoint, Rachio, Banyan Water, Rain Machine, ET Water, Galcon, Weathermatic, Skydop, Blossom, Delta-T

CUSTOMIZATION

Report customization along with purchase available upon request

Global Smart Irrigation Market Overview

Growing Demand from the Chemical Industry: The Smart Irrigation Market is experiencing substantial growth due to its widespread use in the chemical industry for the production of solvents, polymers, and pharmaceuticals. As industries increasingly rely on acetone for the manufacture of polycarbonates and epoxy resins, demand is expected to rise. This development presents substantial opportunities for manufacturers, chemical processors, and distributors seeking to enhance their market presence and maximize revenue streams.

Expanding Applications in Personal Care and Cosmetics: The rising consumer demand for personal care and cosmetic products is propelling the expansion of the Smart Irrigation Market. The importance of acetone as a key ingredient in nail polish removers, cosmetics formulations, and cleaning agents underscores its relevance in this rapidly growing sector. Personal care companies can leverage this trend by integrating acetone into their formulations, so improving their competitiveness and entering new, lucrative markets.

Rising Investments in Sustainable Acetone Production: As environmental regulations become more stringent, there is a growing shift towards sustainable acetone production methods. This trend is positively impacting the Smart Irrigation Market, as companies are investing in sustainable technology to mitigate carbon emissions. Employing sustainable manufacturing processes enables industry executives to adhere to regulatory standards, appeal to environmentally conscious consumers, and identify new avenues for market expansion.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=5145

High Initial Investment Costs: The initial expenses of smart irrigation systems might provide a considerable obstacle, especially for small and medium-sized farms, despite potential long-term savings. This constrains the growth potential of the Smart Irrigation Market, particularly in emerging economies with limited financial resources. Market participants must prioritize economical solutions and adaptable price structures to address this difficulty and enhance uptake.

Lack of Technical Expertise: The implementation of smart irrigation systems frequently necessitates a significant learning curve, particularly in rural and disadvantaged areas where technical proficiency is scarce. The absence of knowledge can impede the expansion of the Smart Irrigation Market. Organizations offering intuitive, readily implementable solutions accompanied by accessible training materials will possess a competitive edge in closing this gap.

Data Privacy & Security Concerns: Given that smart irrigation systems depend on IoT and cloud-based platforms, apprehensions around data privacy and cybersecurity are increasingly significant. Agricultural producers and businesses are wary about using technologies that may compromise vital operational information. The aforementioned security concerns may impede the growth of the Smart Irrigation Market unless organizations implement resilient and secure solutions.

Geographical Dominance

North America occupies a preeminent position in the Smart Irrigation Market owing to its early adoption of innovative agriculture technologies and robust government support via subsidies. The region's emphasis on sustainable agriculture and water conservation has heightened demand, fostering innovation and investment in advanced irrigation systems. This territorial supremacy establishes a precedent for other regions, catalyzing global market expansion as like efforts proliferate in Europe and Asia-Pacific.

Key Players

The "Global Smart Irrigation Market" study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are The Toro Company, Netafim, Hunter Industries, Rain Bird Corporation, HydroPoint, Rachio, Banyan Water, Rain Machine, ET Water, Galcon, Weathermatic, Skydop, Blossom, Delta-T.

Smart Irrigation Market Segment Analysis

Based on the research, Verified Market Research has segmented the global Smart Irrigation Market into Component, Application, System and Geography.

  • Smart Irrigation Market, by Component:
    • Controllers
    • Sensors
    • Water Flow Meters
  • Smart Irrigation Market, by Application:
    • Agricultural
    • Non-Agricultural
  • Smart Irrigation Market, by System:
    • Weather Based Controller
    • Sensor Based Controller
  • Smart Irrigation Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Global Microirrigation Systems Market Size By Type (Micro Sprinkler, Drip), Crop (Field Crops, Plantation Crops, Vineyards), End-Users (Farmers, Industrial Users), Component (Filters, Drip Emitter, Micro Spray, Irrigation Valve), By Geography, And Forecast

Global Precision Farming Market Size By Application (Yield Monitoring, Variable Rate Technology (VRT), Crop, Health Monitoring, Irrigation Management, Precision Livestock Farming), By Services (Consulting and Advisory Services, Training and Support Services, Managed Services), By Software (Farm Management Software, Remote Sensing Software, Data Management and Analytics Software), By Geography, And Forecast

Global Drip Irrigation Market Size By Component Type (Emitters/Drippers, Tubing/Hoses, Filters, Valves, Pressure Regulators, Backflow Preventers, Fittings and Accessories), By Crop Type (Field Crops, Vegetables, Orchard Crops, Vineyards, Plantation Crops), By Application (Surface Drip Irrigation, Subsurface Drip Irrigation, Drip Tape, Waste Management), By Geography, And Forecast

Global Greenhouse Irrigation System Market Size By Type (Drip Irrigation Systems, Sprinkler Irrigation Systems, Boom Irrigation Systems), By Application (Vegetables, Flowers & Ornamentals, Fruit Plants, Nursery Crops), By Geography, And Forecast

Top 6 Center Pivot Irrigation Systems for optimal growth

Visualize Smart Irrigation Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR's domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR's dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

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