Global Precision Irrigation MarketPosted by chetana on January 16th, 2021 Global Precision Irrigation Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of 12.50 % during a forecast period.
The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis. Precision irrigation technology helps the farmers to increase the quality and quantity of crops. It is also expected to drive economic growth across the developing and developed economies. It is a segment of precision agribusiness that contains variable price vitamins, seeding, and DDT implementations. Global Precision Irrigation Market, Dynamics: The benefits of precision farming have resulted in increased investments in precision agricultural technologies are fueling market growth during the forecast period. The world will need to double its food production by 2050. The farmers will need twice the amount of water and arable land to meet the demand for food. The farmers are expected to need a solution that changes the way, which helps to increases their efficiency and productivity. Precision irrigation is one of the methods in the field of greenhouse vegetable production. Also, High investments in R&D by the leading precision agriculture key players, allow them to develop both software and hardware that offer a favorable impact on the global precision agriculture market. Innovations in precision irrigation technologies are growing at a rapid rate as farmers face water scarcity because of drought, aquifer depletion, and water allocations. The potential impacts of precision agriculture are increasing their demand across the globe. Some of the primary impacts are cost reduction, efficient use of production inputs, use of information technology to increase the size and scope of farming operations without increasing labor requirements, improved site selection and control of production processes are expected to boost the market growth. Global Precision Irrigation Market, Segment Analysis: The Drip Irrigation segment is expected to grow at a CAGR of XX% during the forecast period. Drip irrigation is essential for controlling soil moisture, mainly in the case of specialized greenhouse vegetables. Precision agriculture and precision irrigation enable the farmer to save precious resources without subjecting plants to moisture deficiency. Water management is becoming an increasing concern in agriculture. In addition to better water-use efficiency and the potential to help conserve the important resource, drip irrigation aid growers to produce healthier crops with low water requirements. Global Precision Irrigation Market, Regional Analysis: North America held the dominant position in 2019 and is projected to contribute XX% share in the global precision irrigation market during the forecast period. In the United States and Canada, soilless culture is mainly used for the production of greenhouse vegetables. The presence of prominent companies like Lindsay Corporation, Valmont Industries, Nelson Irrigation Corporation, which are based in the United States, are expected to offer innovative software and hardware solutions to increase farming efficiency. Furthermore, the Asia Pacific region is expected to grow at a XX% rate of CAGR during the forecast period. The growth in the market is expected to increase by factors like favorable government policies regarding low-interest loans and subsidies for the implementation of modern and advanced precision irrigation systems. The presence of Most of the irrigated areas across the developed countries are driving the regional market growth. India and Pakistan alone irrigate over 112 million hectares, which is expected to increase the adoption of precision irrigation products. Global Precision Irrigation Market, Competitive Analysis: The global precision farming market is concentrating on the presence of international and regional precision agriculture key players, which offer products to collect real-time farming data. The prominent key players are establishing a strong distribution network to increase their product sales. Also, some of the companies have signed and acquired other companies and definitive dealership agreements to enhance the accessibility of their products. For Instance, in 2020, CropX Company has acquired precision irrigation company crop metrics. The objective of the report is to present a comprehensive analysis of the Global Energy Retrofit Systems Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. Global Precision Irrigation Market, By Type • Sprinkler Irrigation • Field Crops • North America • Valmont Industries, Inc. For More Information Visit @:https://www.maximizemarketresearch.com/market-report/precision-irrigation-market/72148/
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