Precision Irrigation Market Share, Size, Global Driving Factors by Manufacturers, Growth Opportunities, Regions, Type and Application, Revenue Market Forecast to 2027

March 15 21:02 2021
A closer look at the Precision Irrigation Market aspects including but not limited to market segmentation by the end-user, end-use, geography, type, and application forms an integral part of the research report.

The study includes valuable data, including the breakdown of information of market by type, geography, product application and classification. An overview of the current and future trends examined in the report for the forecast period 2020 – 2027 aim at influencing the imperative advance prominent vendors are expected to have over their competitors.

The global Precision Irrigation Market will be worth USD 20.99 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing global population and the growing demand for agricultural production. Rising government initiatives such as subsidies and low-interest loans to increase the adoption of modern irrigation systems are expected to drive the demand for the system over the forecast period. The rising growth of greenhouse vegetable production is expected to drive the growth of the market over the forecast period. The scarcity of water in several countries is hampering the production of greenhouse vegetation, which is the main reason behind the increasing adoption of precision irrigation by farmers.

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Key Highlights From The Report

In February 2019, Israel based irrigation solutions supplier Rivulis opened a manufacturing plant in Guanajuato, Central Mexico. The company announced that it is expanding its global footprint with the establishment of the new manufacturing plant. The new plant is set to become the largest manufacturing site for drip irrigation in the Americas.

The drip irrigation segment held the largest market share of 48.8% in 2019 as it helps in the conservation of water and prevents the nutrient loss of the plants.

The agricultural segment is forecasted to grow with the fastest CAGR of 13.2% over the forecast period as the open fields and greenhouses increasingly adopt the precision irrigation system in order to increase crop productivity.

The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the increasing government initiatives to adopt modern agricultural techniques. Moreover, in 2020, Asia Pacific was the largest consumer of drip irrigation.

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.

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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)

Precision Irrigation Market Regional Outlook (Revenue, USD Billion; 2017-2027)

North America

Europe

Asia Pacific

Latin America

MEA

The study relies heavily on both qualitative and quantitative to generate, interpret and analyze raw data about the target market, product or services offered and prominent market players operating in the Precision Irrigation market for the forecast period, 2020 – 2027.

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Here are the questions we answer…

What are the future opportunities in store for the vendors operating in the Precision Irrigation market?

What does the competitive landscape look like?

Which emerging technologies are believed to impact the Precision Irrigation market performance?

What are the key trends and dynamics?

Which regulations that will impact the industry?

Which segment will offer the most opportunity for growth between 2020 and 2027?

Where will most developments take place in the long term?

Who are the most prominent vendors and how much market share do they occupy?

What are the latest technologies or discoveries influencing the Precision Irrigation market growth worldwide? 

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Precision Irrigation Market Definition

    1.2. Precision Irrigation Market Research Scope

    1.3. Precision Irrigation Market Methodology

    1.4. Precision Irrigation Market Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Precision Irrigation Market Segmentation & Impact Analysis

Chapter 5. Precision Irrigation Market By Type Insights & Trends, Revenue (USD Billion)

Chapter 6. Precision Irrigation Market By Application Insights & Trends Revenue (USD Billion)

Chapter 7. Precision Irrigation Market By End-Use Insights & Trends Revenue (USD Billion)

Chapter 8. Precision Irrigation Market Regional Outlook

Continued…

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Website: https://www.emergenresearch.com/industry-report/precision-irrigation-market

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