The global Precision Irrigation Market will be worth USD 20.99 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing global population and the growing demand for agricultural production. Rising government initiatives such as subsidies and low-interest loans to increase the adoption of modern irrigation systems are expected to drive the demand for the system over the forecast period.
The rising growth of greenhouse vegetable production is expected to drive the growth of the market over the forecast period. The scarcity of water in several countries is hampering the production of greenhouse vegetation, which is the main reason behind the increasing adoption of precision irrigation by farmers. Utilization of precision irrigation results in the minimization of fertilizers uses and enhance crop productivity. Farmers are increasingly adopting drip and sprinkler irrigation in order to increase the productivity of greenhouse vegetation.
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The Global Precision Irrigation Market research report is a detailed document outlining the recent advancements and developments in the Precision Irrigation Market business sphere considering 2019 as the base year and 2020-2027 as the forecast timeline. The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.
Key players include The Toro Company, Rain Bird Corporation, Netafim Ltd., Jain Irrigation Systems Ltd., Lindsay Corporation, Rivulis Irrigation Ltd., Valmont Industries Inc., Elgo Irrigation Ltd., Chinadrip Irrigation Equipment Co. Ltd., and Nelson Irrigation Corporation, among others.
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Precision Irrigation Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Emergen Research has segmented the global Precision Irrigation Market on the basis of Type, Application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Agricultural (open field, greenhouses)
Non-Agricultural (Golf Courses, Residential, sports ground, Turf & Landscapes, Forestry)
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Objectives of the Report:
Study of the global Precision Irrigation market size by key regions, types, and applications with reference to historical data (2016-2018) and forecast (2020-2027)
Industrial structure analysis of the Precision Irrigation market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Precision Irrigation market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Precision Irrigation market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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