The Asia Pacific Smart Irrigation Market would witness market growth of 15.7% CAGR during the forecast period (2021-2027).
Smart irrigation systems have witnessed a surge in their adoption due to the increasing government initiatives for the promotion of water conservation. Along with this, the rise in the number of smart cities, increasing requirement for efficient irrigation systems, and reduction in the cost of controllers & sensors utilized in smart irrigation systems are among the key driving factors of the smart irrigation market during the forecast period.
Farming is one of the major activities performed by people living across Asia. In particular, India is the country where the majority of the population depends on agriculture for their living. There is a high level of mismanagement of the irrigation resources in India since farmers across this nation water their crop 2-3 more times than that of China and Brazil. Due to this, the Indian Government is taking numerous initiatives to promote water conservation among the farmers’ population. In India, Central Water Commission is initiating to modernize the collection of hydro-meteorological data via various automatic data loggers, sensors, telemetry, and real-time data accumulation & dissemination.
The China market dominated the Asia Pacific Smart Irrigation Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $227.5 million by 2027. The Japan market is poised to grow at a CAGR of 16.7% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 16.7% during (2021 - 2027).
Based on type, the market is segmented into Climate based and Sensor based. Based on Component, the market is segmented into controllers, sensors, Meters, and Others. Based on End Use, the market is segmented into agricultural, Golf Course, Residential, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Irrigation Market is Projected to reach USD 3,312.2 million by 2027, at a CAGR of 14.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Toro Company, Valmont Industries, Inc., Orbia Advance Corporation (Netafilm Ltd.), Hunter Industries, Inc., Jain Irrigation Systems Limited, Galcon Ltd., Telsco Industries, Inc. (Weathermatic), Stevens Water Monitoring Systems, Inc., Banyan Water, Inc., and AquaSpy, Inc.
By Type
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