Automatic Irrigation Market Overview:
Automatic Irrigation Market Research Report analyzed the current state in the definitions, classifications, applications, and industry chain structure. The analysis provides unbiased professional commentary on the present market scenario, prior market performance, production and consumption rates, demand and supply ratios, and income generation forecasts for the projected period. The Automatic Irrigation market study also gives information on the leading businesses functioning in the Automatic Irrigation industry's strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research. To summarise what has been said thus far, the report provides a comprehensive picture of the Automatic Irrigation market in both global and regional markets.
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Automatic Irrigation Market was worth US$ 2.80 Bn. in 2020 and total revenue is expected to grow at a rate of 18.5% CAGR from 2021 to 2027, reaching almost US$ 9.19 Bn. in 2027.
Market Scope:
The report uses a PESTLE analysis to assess the market's major competitors' strengths and weaknesses. The researcher thoroughly examines the Automatic Irrigation Market size, share, trends, total earnings, gross revenue, and profit margin in order to accurately anticipate the market and give professional views to stakeholders to keep them up to speed on market developments.
Drivers:
In February 2020, Rain Bird introduced the ESP-LXIVM series controllers, which provide large, challenging sites improved water management capabilities, diagnostics, and a host of brand-new features.
As a result of increasing water shortages and a global movement toward mechanising agricultural processes, the industry is probably going to experience slight demand rise. The use of conventional agrarian irrigation methods is severely constrained by growing water scarcity and unpredictable rainfall patterns, which has increased global demand for new irrigation systems. Except for surveillance, irrigation automation systems run with little to no assistance from operators. Additionally, these technologies lessen the need for ongoing monitoring, staff expenditures, and water waste.
Segmentation:
The market is further divided into Time-based, Volume-based, Real-time-based, and Computer-based Control Systems based on the kind of automation. With more than 30% of global revenue in 2019, the time-based automation type segment led the market. The high percentage is mostly caused by benefits like total control over irrigation, cheaper labour, and less fuel usage, among others. The user may control, intervene, and monitor crops at various irrigation stages at regular intervals thanks to the time-based automation system. The time-based approach is therefore more adapted to increase harvest productivity.
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Key Players:
The study investigates important advances in the Automatic Irrigation industry, as well as organic and inorganic strategic initiatives. Several companies are concentrating on organic growth tactics such as new product introductions, product approvals, and other assets such as royalties and conferences. The below are a few firms involved in the Automatic Irrigation industry.
• Jain Irrigation Systems
• Netafim
• Rain Bird
• The Toro Company
• Hunter Industries
• Lindsay
• Lawn genie
• Mazzei
• Nelson Irrigation
• Irritrol
• The Toro Compan
Regional Analysis:
Throughout the estimated time, this portion of the study evaluates the share and growth rate of each region, nation. After studying the political, economic, social, and technical elements driving the Automatic Irrigation market in these regions, the report offers a full PORTER analysis for each of the five regions, namely North America, European, Pacific Region, the Middle East and Africa, and South America.
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COVID-19 Impact Analysis on Automatic Irrigation Market:
The Automatic Irrigation Market Report offers a thorough study of the COVID-19 virus, covering everything from the dynamic supply chain to import and fare control to regional government measures and the firm's potential impact. Detailed research on the market situation (2021-2027), enterprise rivalry example, advantages and disadvantages of large corporate products, economic growth trends (2021-2027), geographic characteristics and financial and economic methods, physical arrangement, and everything else has been included.
Key Questions Answered in the Automatic Irrigation Market Report are:
- How big is the market for Automatic Irrigation ?
- Which area will emerge as a major participant during the next few years?
- Which category will experience the most fast growth?
- What opportunities for growth exist in the Automatic Irrigation industry in the next years?
- What are the potential future challenges for the Automatic Irrigation market?
- Who are the major players in the Automatic Irrigation market?
- What are the most important market trends?
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