Smart Irrigation Market Projected Growth Rate Through 2023-2032


Posted October 17, 2023 by ChaithanyaVaishnav

Global smart irrigation market size is expected at $2.9 Bn by 2027 at a growth rate of 15.5% and growth analysis by The Business Research Company.
 
The Smart Irrigation Global Market Report 2023, provides comprehensive information on the smart irrigation market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

Learn More On The Smart Irrigation Market’s Growth:

https://www.thebusinessresearchcompany.com/report/smart-irrigation-global-market-report

As per The Business Research Company’s Smart Irrigation Global Market Report 2023, the market size is expected to grow from $1.39 billion in 2022 to $1.63 billion in 2023 at a compound annual growth rate (CAGR) of 17.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The smart irrigation market size is expected to grow to $2.9 billion in 2027 at a CAGR of 15.5%.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample_request?id=6138&type=smp

The growth of smart cities is significantly contributing to the growth of the smart irrigation market going forward. The increase in the importance of efficient watering solutions for non-agricultural practices is the major driving factor for the growth of this market. As smart cities are being the ongoing trend in major parts of the world, they emphasize efficient management of water practices for both commercials as well as residential spaces. For instance, according to Cities Today, a US-based magazine, the number of smart city projects in 2020 grew by 14% from 2019 and is expected to increase at a faster rate in 2023 and 2024. Therefore, an increase in smart cities helps in the growth of the smart irrigation market.

The smart irrigation market is segmented:

1) By Type: Climate-Based, Sensor-Based

2) By Technology: Evapotranspiration, Soil Moisture

3) By Component: Sensors, Controllers, Water Flow Meters, Software, Other Components

4) By End User: Agriculture, Golf Course, Residential, Other End Users

North America was the largest region in the smart irrigation market in 2022.

The table of contents in TBRC’s smart irrigation market report includes:

Executive Summary
Smart Irrigation Market Characteristics
Smart Irrigation Market Trends And Strategies
Smart Irrigation Market – Macro Economic Scenario
Smart Irrigation Market Size And Growth
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Africa Smart Irrigation Market
Smart Irrigation Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The Smart Irrigation Market
Smart Irrigation Market Future Outlook and Potential Analysis
Appendix
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Issued By SamLutherford
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Categories Human Resources
Tags smart irrigation market size , smart irrigation market growth rate , smart irrigation market share
Last Updated October 17, 2023