The research report provides an in-depth evaluation of the Global Medical Power Supply market drivers and restraints Market and helps the market participants intensify their footprints in the industry. The report gives a detailed analysis concentrated on the critical market dynamics such as drivers, restraints, trends, and growth opportunities to assist businesses to prepare for any challenges they might encounter in the forecast period.
Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report.
The global Irrigation Automation market size is expected to reach USD 11.28 Billion in 2028 and register a steady revenue CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing initiatives of governments related to water conservation and rising deployment and installation of irrigation automation systems in various countries across the globe. Governments are focusing intently on reducing water wastage, which is an issue that primarily arises due to imprecise nature of irrigation water distribution systems. Rising government investment on promoting technological advancements in conventional agrarian irrigation techniques is expected further to boost growth of the irrigation automation system market during the forecast period. Collaborations with IT companies for the purpose of deployment of automation in irrigation systems, which would allow state government authorities to release and control the flow of irrigated water remotely, based on real-time demand from farmers is such areas. Steady integration of smart technologies in agriculture activities is expected to continue to drive revenue growth of the irrigation automation system market going ahead.
The Internet of Things (IoT) is also changing processes and efficiency across the agriculture domain and supporting growers in overcoming challenges such as addressing water deficiencies and limited availability of arable land, while aid governments in meeting rising global food demand. Farmers are utilizing different controlled and monitoring systems in order to increase crop yield with the help of automation based on IoT. These irrigation automation systems are expected to become more efficient and cost-effective owing to rapid advancements in IoT technologies.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
The key companies studied in the report are:
Netafim, Lindsay Corporation, Valmont Industries, The Toro Company, Jain Irrigation Systems, Hunter Industries, Rain Bird, HydroPoint Data Systems, Weathermatic, and Nelson Irrigation
The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
Irrigation Automation Market Segmentation:
- Automation type Outlook (Revenue, USD Billion; 2018–2028)
- Computer-based Control System
- Irrigation type Outlook (Revenue, USD Billion; 2018–2028)
- Drip Irrigation
- Sprinkler Irrigation
- Surface Irrigation
- Component Outlook (Revenue, USD Billion; 2018–2028)
On the basis of regional analysis, the market is segmented into the following regions: 1) North 2) America 3) Latin America 4) Europe 5) Asia Pacific 6) Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Irrigation Automation market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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