Market Overview: Global Smart Irrigation Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Smart Irrigation Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Smart Irrigation Market Insights 2024-30

The Global Smart Irrigation Market size was valued at around USD 2.5 Billion in 2023 and is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2024-30.

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Top Players in the Smart Irrigation Market:

• Bridgelux Inc.
• EYE Hortilux
• Maxigrow Ltd
• Hortilux Schreder
• Osram Licht AG
• Gavita International BV
• Lumileds
• Agrolux
• PARsource
• Heliospectra
• Signify
• Valoya
• California Lightworks
• LumiGrow
• EYE Hortilux
• Others

Segmentation Analysis of Smart Irrigation Market

Smart Irrigation Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-End User

• Residential Lawns/Gardens
• Agricultural Lands
• Golf courses
• Sport Stadiums

Of these, Agricultural lands holds the potential share & are projected to substantially contribute to the expansion of the Global Smart Irrigation Market owing to the advanced sensors and controllers being manufactured by the market players to make irrigation systems more affordable than ever before. As a result, many farm owners worldwide are inclined towards purchasing systems integrated with such latest controllers and sensors, enabling them to conduct activities such as agriculture monitoring and irrigation management more effectively and efficiently. Furthermore, many agriculturalists and farmers are shifting their focus towards indulging in farm-based activities, full-fledged with innovative irrigation technologies, to supervise water consumption effectively. In addition, high crop yield and improvised crop quality are other major benefits of this specific technology.

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-By Application

• Indoor Farming
• Greenhouse
• Vertical Farming

-By Technology

• High-Intensity Discharge (HID)
• Fluorescent

-By Offering

• Hardware
• Software
• Services

-By Cultivation

• Vegetable
• Fruits
• Floriculture
• Others (Medicinal plants, Aromatic, etc.)

A Comprehensive Geographical Analysis:

-By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The Asian-Pacific region is all set to witness robust growth during the projected timeframe. The major countries that sum up the following region, including India, China, Japan, Indonesia, Australia, and Singapore, have already started promoting several activities related to modern agriculture and its related techniques by forming large groups and communities as well. All this will ultimately carry a positive influence on the smart irrigation industry and, thus, facilitate the market to boom in the future. Of the Asian-Pacific region, China and Australia are commanding the market. Whereas on the other hand, India and Japan are urged to adopt the methodology of smart irrigation due to its latest technological developments and high disposable income in the private sector.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 115.0 diverse industrial verticals.

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