Smart Irrigation Market size worth $ 2.8 Billion, Globally, by 2028 at 14.02% CAGR: Verified Market Research®
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202 - Pages
126 – Tables
37 – Figures
Global Smart Irrigation Market Overview
There are many advantages correlated with the use of smart irrigation such as the saving of time as well as money and for the meeting of specific landscape needs through the optimization of water levels. The rising demand for several systems such as sprinklers drip irrigation systems, and smart detection devices to enhance the overall water efficiency of irrigation systems. Such factors are anticipated to fuel the growth of the market over the forecast period. However, factors such as the cost of the smart irrigation system as well as the potential of error in the systems are restraining the growth of the Smart Irrigation Market.
Moreover, technological advancement such as the integration of smartphones with irrigation systems is likely to provide lucrative opportunities for the market to grow. Currently, smart irrigation technology is expensive, which makes it unaffordable for smaller farmers in developed regions and most farmers in emerging economies. Access to the latest technology is restricted to big and industrialized farms owing to high technology costs. Currently, the benefits of information and communications technology are limited to advanced countries with a focus on the production of well-known and widely grown crops, such as wheat, maize, and rice.
Key Developments
Key Players
The major players in the market are Toro Company, ET Water, Galcon, Rain Machine, Banyan Water, Rachio, Hydro Point, Rain Bird Corporation, Hunter Industries, Netafim.
Verified Market Research has segmented the Global Smart Irrigation Market On the basis of Component, Application, System, and Geography.
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