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Iot Wireless Irrigation System Market to Reach USD 11.9 Billion by 2032

10-03-2024 01:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: WiseGuy Reports

Iot Wireless Irrigation System Market

Iot Wireless Irrigation System Market

Market Overview

Iot Wireless Irrigation System Market Size was estimated at 3.64 (USD Billion) in 2023. The Iot Wireless Irrigation System Market Industry is expected to grow from 4.15(USD Billion) in 2024 to 11.9 (USD Billion) by 2032. The Iot Wireless Irrigation System Market CAGR (growth rate) is expected to be around 14.07% during the forecast period (2025 - 2032).

The adoption of IoT-based irrigation systems has gained momentum due to the integration of advanced sensors, automation technologies, and data analytics, providing farmers with precise control over irrigation schedules. The systems operate via wireless communication, which makes them highly adaptable to remote locations, aiding in the widespread adoption of this technology. The market is expected to benefit from increasing government initiatives promoting sustainable farming practices and the development of smart agriculture solutions.

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Competitive Landscape

The competitive landscape is characterized by the presence of established players and start-ups focused on innovations in precision farming. Key players such as Netafim, Rain Bird Corporation, and Valmont Industries, Inc. have invested significantly in research and development to enhance their product offerings. These companies are emphasizing the development of user-friendly interfaces, integrated platforms, and customized solutions for farmers. Startups and smaller companies are also entering the market with affordable and scalable wireless irrigation solutions, adding to the competitive dynamics.

Key Players are:

Nisso Chemical Europe ,Koppert Biological Systems ,Biobest ,Sumitomo Chemical ,BASF ,Syngenta ,Bayer ,Trece ,PelGar International ,Suterra ,Rentokil Initial ,AgBio ,Andermatt Biocontrol ,Isagro ,Certis Europe

Segmentation

Component: The market can be segmented based on hardware (sensors, controllers, actuators) and software (monitoring and control systems). Sensors hold a significant market share due to their crucial role in monitoring soil moisture, temperature, and weather conditions.

Irrigation Type: Drip and sprinkler irrigation systems dominate the market. Drip irrigation is more popular in water-scarce regions, whereas sprinkler systems are widely used in large-scale farming.

Application: Applications are primarily categorized into agricultural (open fields, greenhouses) and non-agricultural (landscaping, golf courses). The agricultural sector is the largest consumer, but non-agricultural uses are also expanding rapidly, particularly in urban areas focused on sustainability.

End User: Farmers, commercial farming enterprises, and governmental bodies are the primary end users. Commercial farming enterprises have increasingly adopted IoT solutions to enhance productivity and profitability, while governmental projects focus on water conservation and food security.

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Regional Analysis

North America: Leading the market with extensive investments in smart farming technologies, North America has a well-established infrastructure for IoT adoption. The U.S. government's strong support for precision agriculture, coupled with major technology players, further propels the market.

Europe: The European market is driven by stringent environmental regulations and a push toward sustainable agricultural practices. Countries like the Netherlands and Spain have adopted IoT-based irrigation systems widely, helping to address water shortages.

Asia-Pacific: This region is expected to witness the fastest growth, driven by large agricultural economies like India and China. Rising awareness of the benefits of IoT in agriculture, government incentives, and the need for increased productivity are key factors contributing to the market's expansion here.

Latin America and Middle East & Africa: Both regions are gradually adopting IoT irrigation technologies, particularly in areas with water shortages. In these regions, governments are introducing initiatives to modernize agricultural infrastructure and improve irrigation efficiency.

Key Questions Answered in this Report

What are the challenges to market growth?

Who are the key vendors in this market space?

What will the market size be in 2024-2032 and what will the growth rate be?

What are the key market trends? What is driving this market?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

Table of Contents :

Section I : Industry Overview

Section II: Scoping, Methodology And Market Structure

Section Iii: Qualitative Analysis

Section IV: Quantitative Analysis

Section V: Competitive Analysis …

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About WiseGuy Reports:

We Are I Of The World's Largest Premium Market Research & Statistical Reports Centre
Wise Guy Reports is pleased to introduce itself as a leading provider of insightful market research solutions that adapt to the ever-changing demands of businesses around the globe. By offering comprehensive market intelligence, our company enables corporate organizations to make informed choices, drive growth, and stay ahead in competitive markets.
Integrity and ethical conduct are at the core of everything dI within Wise Guy Reports. We ensure transparency, fairness, and integrity in all aspects of our business operations, including interactions with clients, partners, and stakeholders, by abiding by the highest ethical standards.

Contact Us:

WISEGUY RESEARCH CONSULTANTS PVT LTD
Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India 411028
Sales +91 20 6912 2998

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