DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Smart Irrigation Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2014 to 2022" report to their offering.
The global smart irrigation systems market stood at US$ 410 Mn in 2015 and is estimated to expand with a CAGR of 15.7% from 2016 to 2022.
The smart irrigation systems market is largely spurred by the rising population coupled with food requirement worldwide. According to the United Nations, the world population is expected to cross the 8 Bn mark by 2030. This would further result into higher food production. Consequently, the adoption of more efficient and convenient irrigation systems is expected to increase significantly in the coming years resulting into higher demand for smart irrigation systems. Nevertheless, the most significant hindrance for the market is the high cost of the smart irrigation network. As a result, these systems are currently used in non-agriculture segments such as residential, sports grounds and others.
Major companies operating in the smart irrigation systems market are Netafim Ltd., The Toro Company, Hunter Industries, Inc., Baseline, Inc. and others. The market is fragmented in nature with various players striving to provide smart irrigation systems. Most of the companies emphasize on developing advanced sensor networks and better remote operation. Companies also provide additional kits that can be incorporated in the existing irrigation systems making the overall smart' irrigation system. Majority of the smart irrigation system providers are located in North America.
- Smart drip irrigation systems through chemigation and fertigation
- Smart sprinkler irrigation systems
- Focus on large untapped markets such as China and India
- Development of smarter sensor networks with precise moisture monitoring
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Smart Irrigation Systems Market Analysis, by Component
Chapter 5 Global Smart Irrigation Systems Market Analysis, by Application
Chapter 6 North America Smart Irrigation Systems Market Analysis
Chapter 8 Asia Pacific Smart Irrigation Systems Market Analysis
Chapter 9 Middle East & Africa (MEA) Smart Irrigation Systems Market Analysis
Chapter 10 Latin America Smart Irrigation Systems Market Analysis
Chapter 11 Company Profiles
- Netafim Ltd.
- Rain Bird Corporation
- Hunter Industries, Inc.
- Toro Company
- Baseline, Inc.
- Hydropoint Data Systems
- California Sensor Corporation
- Galcon Ltd.
- Rachio, Inc.
For more information about this report visit http://www.researchandmarkets.com/research/g4mnhw/global_smart