Precision Irrigation Market to Register an Astounding CAGR of 12.7%, Top Key Players Included are: Rain Bird Corporation, Netafim Ltd., Jain Irrigation Systems Ltd, Etc
Jan 07, 2021
The Global Precision Irrigation Market size is estimated to reach a value of USD 20.99 Billion by 2027 at a CAGR of 12.7%, according to a recent report published by Emergen Research. The growth in demand for efficient irrigation systems and water conservation methods have boosted the precision irrigation market growth. The government initiatives towards the agriculture sector, such as low-interest loans and subsidies, are also expected to enhance market growth during the forecast period.
Key participants 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.
This report forecasts revenue growth at a global, regional & country level and provides an analysis of the market trends in each of the sub-segments from 2018 to 2027
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Market Drivers
The increasing need for water conservation has raised the importance of the adoption of precision irrigation techniques all over the world. Moreover, the growing irregularities temperature and rainfall, owing to the rise in global warming has induced focus on precision irrigation methods. The drip irrigation segment accounted for the largest market share of 48.8% of the global market in the year 2019 and is predicted to be the fastest-growing segment over the forecast period. The agricultural sector is the largest consumer of the market, and its market share is expected to grow at a CAGR of 13.2% over the analysis period.
Type Outlook (Revenue, USD Billion; 2017-2027)
Sprinkler Irrigation
Drip Irrigation
Others
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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Regional Analysis
The market in North America for precision irrigation has dominated the global market in the year 2019 with a market share of 38.6%. The Asia Pacific regional market is expected to be the fastest-growing region in the forecast period, owing to the fast-developing economies in the region. The primary occupation of the people of the region being agriculture, the regional market is expected to record high growth.
Core Objectives of Precision Irrigation Market Research
To analyze global Precision Irrigation status, future forecast, growth opportunity, key market and key players.
To present the Precision Irrigation development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
Brows Full Report with Detail TOC: https://www.emergenresearch.com/industry-report/precision-irrigation-market
Competitive Landscape and Precision Irrigation Market Share Analysis
Precision Irrigation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Precision Irrigation market.
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