PUNE, India, May 2, 2016 /PRNewswire/ --
According to the new market research report "Smart Irrigation Market by Irrigation Controller (Weather-Based Controllers and Sensor-Based Controllers), Hardware and Network Components, Application, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to reach USD 1,504.6 Million by 2022, at a CAGR of 17.2% between 2016 and 2022.
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Browse 95 market data Tables and 52 Figures spread through 175 Pages and in-depth TOC on "Smart Irrigation Market".
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The factors which are driving the smart irrigation market are increasing demand for food production, reduction in the wastage of resources, and increasing concern for water conservation.
Sensors expected to lead the smart irrigation market based on hardware and network components
Sensors are expected to hold the largest share of the smart irrigation market by 2022. A sensor is a device that measures the changes in physical quantity or environmental characteristics and converts it into signals that serve as inputs for control. Sensors in irrigation are further segmented to rain/freeze sensor, soil moisture sensor, temperature sensor, wind sensor, flow sensor, and fertigation sensor. Efficient utilization of sensor helps to enhance the productivity and profitability of land and crop, this is because it helps growers to decide when to irrigate, what amount of irrigation water is required, and how much fertilizers are required by the plants.
Weather-based irrigation controller dominate the smart irrigation market based on irrigation controllers
The weather-based irrigation controllers dominated the smart irrigation market based on irrigation controllers. Weather-based controllers set the amount of water for irrigation after understanding the water requirement of the plant or crops. The amount of irrigation water varies with the local weather. For instance, less water is used in rainy or winter seasons and more water in summer season. Weather-based or smart controllers supply the irrigation water on the basis of soil type, weather changes, and others.
Non-agriculture application dominates the smart irrigation market based on application
The market for non-agriculture application segment dominates the smart irrigation market based on irrigation controller. Non-agriculture application includes residential, turf and landscape, golf course, and others. Measuring soil moisture and maintaining the right amount of water in the soil is important in the non-agricultural application as it helps to minimize the wastage of water and others resources. The benefits of optimizing irrigation scheduling with soil moisture sensors include increasing crop yields, saving water, protecting local water resources from runoff, saving on energy and fertilizer costs, and increasing the profitability of the farm.
North America dominated the global smart irrigation market in 2015
North America dominated the global Smart Irrigation Market in 2015. The North America region has shown a progressive growth for the protection of the environment and planned use of natural resources. With the increasing concern for water conservation and to minimize the wastage of resources, the governments in North America are actively participating and providing rebates and subsidy to enhance the application of smart irrigation for residential and non-residential use. The U.S. is the largest market for smart irrigation. The municipalities in the U.S. and water agencies are offering rebates on smart irrigation and water-efficient irrigation components.
This research report categorizes the global smart irrigation market on the basis of irrigation controllers, hardware and network components, application, and geography. This report describes the drivers, restraints, opportunities, and challenges with respect to the smart irrigation market. The Porter's five forces analysis has been included in the report with a description of each of its forces and their respective impact on the smart irrigation market.
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Major players involved in the development of smart irrigation include Rain Bird Corporation (U.S.), The Toro Company (U.S.), Hunter Industries (U.S.), Netafim (Israel), HydroPoint (U.S.), Baseline Inc. (U.S.), and others.
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