Oct 6, 2020   SOURCE: PR NewsWire

Irrigation Automation Market Size Worth $8.96 Billion By 2027 | CAGR: 16.8%: Grand View Research, Inc.

SAN FRANCISCO, Oct. 6, 2020 /PRNewswire/ -- The global irrigation automation market size is anticipated to reach USD 8.96 billion by 2027, expanding at a CAGR of 16.8% from 2020 to 2027, according to a new report by Grand View Research, Inc. Government subsidies and incentives in the form of low-interest loans for implementing automated irrigation systems are expected to increase usage of these systems in the forthcoming years. Also, government projects such as smarter irrigation for profit led by the Rural Industries Research and Development Corporation (RIRDC), the Cotton Research and Development Corporation (CRDC), and Department of Agriculture and Water Resources assist farmers and commercial irrigation system providers to save time and water by adopting smart automated irrigation systems.

https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

Key suggestions from the report:

    --  The market is anticipated to witness substantial growth during the
        forecast period due to increasing water scarcity instances and shifting
        trend towards mechanization of agricultural processes across the globe
    --  The time-based automation type segment accounted for the largest revenue
        share in 2019, owing to associated benefits such as control of the
        irrigation process, less labor cost, and less amount of fuel used, among
        others
    --  The sensor segment is projected to exhibit significant growth during the
        forecast period from 2020 to 2027, owing to the benefits offered such as
        access to real-time soil moisture level and temperature data
    --  The drip irrigation segment accounted for the largest revenue share in
        2019 and is also anticipated to continue its dominance over the forecast
        period due to factors such as less water consumption ability, lower cost
        of drip systems, and longer life span
    --  The non-agricultural segment led the market and accounted for the
        largest revenue share in 2019, owing to the upsurge in the number of
        golf courses, sports grounds, pastures, gardens, residential, and turf
        and landscapes across the globe
    --  Asia Pacific dominated the market and accounted for over 22% revenue
        share in 2019, owing to the presence of the vast agricultural lands,
        strong government support, and lowering water levels in river basins

Read 80 page research report with ToC on "Irrigation Automation Market Size, Share & Trends Analysis Report By Automation Type, By Component (Controllers, Sensors, Valves, Sprinklers), By Irrigation Type, By Application, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/irrigation-automation-market

Furthermore, the Australian Federal, State, and Territory Governments have facilitated the automation of irrigation infrastructures such as improvements in on-farm irrigation hardware and distribution channels. This has led to more efficient water usage and some of the water saved is being used for environmental purposes. Moreover, improved irrigation methods are likely to have a long-term impact on saving water resources. Consequently, the use of communication sensors and remote sensing networks are evolving in the irrigation sector, which is expected to improve water usage patterns worldwide.

Increasing awareness among farmers about the advantages of adopting irrigation automation systems is a strong contributor to market growth. However, factors such as high cost associated with the installation of an irrigation system and lack of suitable infrastructure might impede the market growth over the forecast period. Furthermore, expanded penetration of solar-powered irrigation systems due to its low fuel costs and minimum maintenance requirement is likely to aid the market expansion at a strong rate over the next few years.

Grand View Research has segmented the global irrigation automation market based on automation type, component, irrigation type, application, and region:

    --  Irrigation Automation Type Outlook (Revenue, USD Million, 2016 - 2027)
        --  Time-based
        --  Volume-based
        --  Real-time-based
        --  Computer-based Control System
    --  Irrigation Automation Component Outlook (Revenue, USD Million, 2016 -
        2027)
        --  Controllers
        --  Sensors
        --  Valves
        --  Sprinklers
        --  Others
    --  Irrigation Automation Irrigation Type Outlook (Revenue, USD Million,
        2016 - 2027)
        --  Sprinkler Irrigation
        --  Drip Irrigation
        --  Surface Irrigation
        --  Others
    --  Irrigation Automation Application Outlook (Revenue, USD Million, 2016 -
        2027)
        --  Agricultural
            --  Open Fields
            --  Greenhouses
        --  Non-Agricultural
            --  Golf Courses
            --  Residential
            --  Sports Grounds
            --  Others
    --  Irrigation Automation Regional Outlook (Revenue, USD Million, 2016 -
        2027)
        --  North America
            --  U.S.
            --  Canada
            --  Mexico
        --  Europe
            --  U.K.
            --  Germany
            --  France
            --  Russia
        --  Asia Pacific
            --  China
            --  India
            --  Japan
            --  Australia
        --  South America
            --  Brazil
            --  Argentina
        --  Middle East & Africa
            --  South Africa
            --  Saudi Arabia

List of Key Players of Irrigation Automation Market

    --  The Toro Company
    --  Hunter Industries
    --  Valmont Industries Inc.
    --  Rain Bird Corporation
    --  Jain Irrigation Systems
    --  Lindsay Corporation
    --  Netafim
    --  Galcon
    --  Rubicon Water
    --  Nelson Irrigation

Find more research reports on Next Generation Technologies Industry, by Grand View Research:

    --  Supply Chain Analytics Market - The global supply chain analytics market
        size was USD 3,460.1 million in 2018 and is expected to reach USD
        9,875.2 million by 2025 at a CAGR exceeding 16.4% from 2019 to 2025.
    --  3D Scanning Market - The global 3D scanning market size was valued at
        USD 4.50 billion in 2018 and is expected to grow at a compound annual
        growth rate (CAGR) of 8.4% from 2019 to 2025.
    --  Process Spectroscopy Market - The technique is gaining popularity owing
        to the ability to analyze, monitor, and control manufacturing processes
        along with identifying defects in product materials and enhancing the
        quality of products.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Follow Us: LinkedIn | Twitter

View original content:http://www.prnewswire.com/news-releases/irrigation-automation-market-size-worth-8-96-billion-by-2027--cagr-16-8-grand-view-research-inc-301146285.html

SOURCE Grand View Research, Inc.