15/11/2021
What’s the Vision of Smart Irrigation in the Next Decade
-- smart irrigation market size to reach more than $2.5 billion by 2027 --
The global smart irrigation market size is expected to reach $2.9 billion by 2027 at a compound annual growth rate of 15.5%, according to a new report by Emergen Research, Surrey, British Columbia. Major factors such as rapid advancements in the agricultural sector, increasing demand for good quality food, and rapidly expanding global population are driving global market revenue growth.
Smart irrigation is an advanced irrigation process that uses various components and controllers to monitor weather, plant water use, soil conditions, and adjusts watering schedule automatically according to actual conditions. Factors such as rising concerns regarding water shortage across several countries, increasing pe*******on of Internet of Things, and constant weather changes are boosting global market growth. High adoption of smart irrigation systems on golf courses, sports ground, forestry and turf and landscape, increasing usage of automated irrigation systems in residential and commercial buildings is also fueling market growth.
On the basis of geography, Asia Pacific region is expected to fastest-growing market during the forecast period, owing to stringent norms of government on water-efficient and increasing use of smart irrigation technology in agriculture field to meet the growing demand for food in the region. The key contributors in the region are China, Japan, India and Korea. The agricultural sector is massive in Asia pacific. Therefore, the demand prospects for the market are high in the forecasts period. Demand for sensors has elevated the global market in China and India. For instance, according to a report by the Asian Development Bank (ADB), agriculture sector in Asia Pacific needs to produce around 60% more food globally over the forecast period, to cater to the requirement of food for increasing population.
Topic: What’s the Vision of Smart Irrigation in the Next Decade
Company: Plastico Corp.
Official website: http://www.plastico.com.tw/
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References:
1. https://igin.com/article-8802-Smart-irrigation-market-size-to-reach-$29-billion-in-2027.html
2. https://www.einnews.com/pr_news/554106925/smart-irrigation-market-2021-to-2028-industry-trends-share-size-growth-opportunity-and-forecasts