Precision Irrigation Market Investment Opportunities, Industry Share & Trend Analysis Report to 2027
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
researchers have considered all the factors influencing the growth of the Precision
Irrigation market on the global and regional scale. The report considers the COVID-19
pandemic as one of the key influencing factors of the Precision Irrigation
market. The pandemic has disrupted the supply chains and economic scenario of
the market and has hindered the growth of the market. The report discusses in
detail the overall impact of the COVID-19 pandemic on the Precision Irrigation
market and its key segments. The report also offers a current and future impact
of the COVID-19 pandemic on the market.
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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.
Furthermore,
the report provides details about the new players entering the market, entry-level
barriers and offers strategic recommendations to overcome those barriers to
gain a substantial industry presence.
Key Players operating in the industry are:
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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Emergen Research has segmented the global Precision
Irrigation Market on the basis of Type, Application, and region:
- 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)
The
Global Precision Irrigation Market is further analyzed across the key
geographical locations where the market has expanded to a significant size. The
key region analyzed are North America, Latin America, Europe, Asia Pacific, and
Middle East & Africa. The report offers a country-wise analysis to provide a
comprehensive analysis of the Precision Irrigation market in terms of
production and consumption patterns, supply and demand ratio, import/export,
revenue contribution, trends, and presence of prominent players in each region.
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get leading market solutions, visit the link below:
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Regional Analysis Covers:
·
North America (U.S.,
Canada)
·
Europe (U.K., Italy,
Germany, France, Rest of EU)
·
Asia Pacific (India,
Japan, China, South Korea, Australia, Rest of APAC)
·
Latin America (Chile,
Brazil, Argentina, Rest of Latin America)
·
Middle East & Africa
(Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The
all-inclusive report on the Global Precision Irrigation Market added by Emergen
Research demonstrates that the global Precision Irrigation market is presumed
to grow at a steady CAGR throughout the forecast timeline. The report analyzed
the key market drivers, restraints, growth opportunities, investment
opportunities, threats, and limitations of the Precision Irrigation market. The
report also offers accurate forecast estimation at a global and regional level
to impart a better understanding of the scope of the market.
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Radical Features of the Precision Irrigation Market
Report:
·
The report encompasses Precision
Irrigation market overview along with market share, demand and supply ratio,
production and consumption patterns, supply chain analysis, and other ley
elements
·
An in-depth analysis of
the different approaches and procedures undertaken by the key players to
conduct business efficiently
·
Offers insights into
production and manufacturing value, products and services offered in the
market, and fruitful information about investment strategies
·
Supply chain analysis
along with technological advancements offered in the report
·
The report covers
extensive analysis of the trends, drivers, restraints, limitations, threats,
and growth opportunities in the Precision Irrigation industry
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Precision Irrigation Market Size,
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Precision Irrigation Market Growth,
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