Europe And Mena Smart Irrigation Market Size By Component, By Application, By Geographic Scope And Forecast
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Europe And Mena Smart Irrigation Market Size By Component, By Application, By Geographic Scope And Forecast
Europe And Mena Smart Irrigation Market Size And Forecast
The Europe And Mena Smart Irrigation Market was valued at USD 302.3 Million in 2018 and is expected to witness a growth of 14.17% from 2019 to 2026 and is expected to reach USD 855.0 Million by 2026.
The Europe And Mena report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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What is Smart Irrigation?
Smart Irrigation is a process in which smart controllers are used for monitoring weather, soil conditions and automatic adjustments of watering schedule so as to improve irrigation process in agriculture and non-agriculture landscape. With the increasing water scarcity issue, many agriculture-based countries are looking for options to use water as per the need to avoid water scarcity in a drought-like situation. A smart irrigation system provides help in saving water wastage, time and money, and provide a convenient way of farming.
Europe And Mena Smart Irrigation Market Outlook
Optimum utilization of resources and cost-effectiveness of the system is expected to drive the market. The smart Irrigation system is basically controlled irrigation that helps in the optimization of water levels based on soil moisture and weather predictions. Smart irrigation generally includes sensors and controllers that help in providing water only as and when needed by crops. These systems are many times recommended by governments, due to which many companies provide them at a reasonable cost. In the coming future, it is expected that smart irrigation systems will be demand and adopted at a higher rate.
Lack of awareness and interest of people in water & irrigation plans is expected to hinder the market growth rate over the forecast period. At present, the Smart Irrigation system is at its growth stage, due to which its adoption is high but knowledge about its uses and other application among users is low. Another factor affecting the implementation of smart irrigation technology systems is the high price of these systems especially the start-up costs of drip or micro-irrigation systems and storage ponds, which presents barriers for small or marginalized farming populations.
Europe And Mena Smart Irrigation Market Segmentation
Europe And Mena Smart Irrigation market are segmented on the basis of component, application, and geography. The gist of breaking down the market into various segments is to gather information about various aspects of the market.
Europe And Mena Smart Irrigation Market By Component
On the basis of component, the market is bifurcated into hardware, and software & service. Within a smart irrigation market, hardware includes the smart controllers and sensors that are used to control and to provide help in accurate water supply in the particular landscape. These hardware systems help in providing information and landscape conditions to determine how much water supply is needed and when is needed to irrigate the field. In Smart Irrigation Market, hardware systems are significantly helping the market to rise.
Europe And Mena Smart Irrigation Market By Applications
On the basis of applications, Europe And the Mena Smart Irrigation market has been segmented into agriculture, and non-agriculture. The agriculture segment is anticipated to have the largest market share of the market. Within agriculture land, these smart irrigation systems are widely used for optimum utilization of crops and water. Moreover, increasing the usage of the Internet of Things technology within smart irrigation system is also enhancing the capabilities of irrigation systems. Smart irrigation systems provide in-field monitoring and combine weather/climate data and soil moisture data to provide accurate information.
Europe And Mena Smart Irrigation Market, By Geography
The demand for Smart Irrigation System in Europe is considered to be one of the largest in the global market. Growing advancement in technology in agricultural practices has brought a revolution in the field of agriculture and has made tasks much easier for the farmers. As the implementation of such efficient systems would result in the provision of facilitation in the development of the field, their adoption is increasing in developed countries in Europe like Germany, France, and UK.
Europe And Mena Smart Irrigation Market Competitive Landscape
The “Europe And Mena Smart Irrigation Market” study report offers a valuable insight with an emphasis on global market including some of the major players such The Toro Company, Hunter Industries, Rain bird Corporation, Smart Hydro Power GmbH (Ltd.), Hoogendoorn Growth Management B.V., Puech & Asociados, Solem Irrigation, Samcla Esic, Eijkelkamp, and CropX. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments in Europe And Mena Smart Irrigation Market
Company Name | Key Development | Description |
|---|---|---|
| The Toro Company | Agreement | • Hazeltine National Golf Club enters a long-term agreement with Toro• The agreement extends Hazeltine National’s partnership with Toro and MTI Distributing through 2029, providing support for a number of important future events |
| Rain Bird Corporation | Product Launch | • Rain Bird introduced Alexa enabled controllers “LNK™ Wi-Fi Module” which is featured with voice-activated irrigation system control.• With this new controller, the user can manage their irrigation systems with simple verbal commands |
| Hoogendoorn Growth Management B.V. | Partnerships | • The company partners with new Mexican partner Invermex which is an expert in integral solutions for agriculture for over 25 years• Through this partnership Hoogendoorn with acquiring strategic advantage as Invermex has the necessary experience, infrastructure and coverage to deliver custom-made projects and personalized service and aftersales |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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