The increasing demand for innovative technology to increase
the crop yield in agriculture has led the manufacture to focus more on conservation
technique which will be considered as the key factor for the growth in the
global precision irrigation market. Apart from that, the precision irrigation
market represent very few market, but the growing need of conservation of water
and spreading precise amount of water at appropriate area has led to increase
its adoption positively. According to Trends Market Research, the global
precision irrigation will register healthy growth during the forecast period,
2021-2028.
Potential for
conservation of water will boost Precision Irrigation market
The growth of the precision irrigation market is expected to
be fuelled by several micro-economic and macro-economic factor. Increasing
awareness about the conservation of water in the region facing a scarcity of
water, growing environmental awareness, regulatory restriction on water usage
and government incentives are expected to increase the adoption of precision
irrigation market. The major focus of the factor is to analyses the factor
which is responsible for the growth of the market. Also, it is observed that
the growing scarcity of water and its environmental impact will raise the
adoption of the innovative technology and will push the global precision
irrigation market. Also the report suggest that the global precision irrigation
market will register healthy growth in the coming years.
In the foreseeable future, the technology is not economical
at the current water ratio to grain price and the rate of infiltration into the
soil and water storage in soil vary dimensionally is another drawback which
forbid the growth of global precision irrigation market. The technology is not
economical viable in most of the region and this is another key challenging
factor for the market growth.
Regional analysis
The market is segmented on the basis of product type, their
usage in the region and the channel of distribution. Compare to other market
region North America, mainly Canada, Latin America, and Europe holds the
largest share in precision irrigation market owing to the ever increased market
in the region. Apart from that, In Europe U.K. was the first in rapidly
adopting the technology. The develop region will continue to remain dominate
over the forecast period. Keeping in mind about the usage and increasing
adoption of the technology to overcome the problem of scarcity of water in
irrigation field will likely to rev up the demand in the global market. Also
the robust demand of precision irrigation market will maintain the demand of
the innovation which will help to ease the scarcity of water in irrigation.
Market Players
Companies such as CropMetrics, Valmont Industries, Hunter
Industries, Trimble Inc., Hortau and other are likely to remain active in the
global market for precision irrigation market. The ongoing study also recognize
Precision Irrigation Services (Aust) Pty Ltd, Netafim, Aquaspy as the major
player in the global precision irrigation market.