Increased adoption of smart technologies promotes the Irrigation Automation Market

Market overview:
The Irrigation Automation Market was worth 2.8 billion USD in 2021, and it is predicted that it will reach a valuation of 6.7 billion USD by 2026, registering a CAGR of 18.5% during the conjecture period of 2021 to 2026.

Market Drivers and Restrains:
Increasing scarcity of water availability and shift towards mechanization of farm processes are some of the driving factors of the global Irrigation Automation market. Also, the surge in investments by the major players for research and development are also promoting demand in the global Irrigation Automation market.

Recent Developments:
In the month of February 2020, rain bird company launched ESP-LXIVM series controllers that provide large and challenging sites with advanced water management tools, diagnostics and a host of new to the industry features.

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Report is segmented as:
The Irrigation Automation market is segmented according to system, irrigation type, components, end use, automation type.

By system, the market is segmented into automatic and semi-automatic. By irrigation type, the Irrigation Automation market is segmented into sprinkler irrigation, drip irrigation and surface irrigation. By components, the market is segmented into controllers, sensors, weather based, soil based, fertigation sensors, valves, sprinklers, flow meters, pressure guage, monitoring devices and other components. By end use, the Irrigation Automation market is segmented into agricultural, open fields, greenhouses, non-agricultural, golf courses, lawns, sports grounds. By automation types, the market is bifurcated into time based, volume based, real time based, and computer-based control system.

Geographical Segmentation:
Asia Pacific region holds the major share of the market of Irrigation Automation owing to the increasing awareness among farmers about the benefits related to the adoption of semi-automated and automated irrigation systems. This region is also supposed to hold the dominance of the market during the outlook period. North America holds the second largest share of the Irrigation Automation market because of the increasing scarcity of water availability.

Impact of COVID-19 on Irrigation Automation Market
Due to coronavirus pandemic, all the industries are facing a lot of financial crisis due to the halt of their businesses because of the lockdown imposed by the government authorities. As per the analysis, the Irrigation Automation market is likely to record an increase in revenue rate in the next few months with all the companies already resuming their businesses as the lockdown situation has been lifted in most of the countries and with the increasing awareness among farmers across the globe.

Key market players:
Major players of Irrigation Automation market are Netafim (Israel), Galcon (Israel), Rubicon Water (Australia), Weathermatic (US), Rain Bird (US), Jain Irrigation Systems (India), Lindsay Corporation (US), The Toro Company (US), Hunter Industries (US), Valmont Industries Inc. (US), and Nelson Irrigation (US).

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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