Smart Irrigation Market Opportunities and Challenges

NORTHBROOK, Ill. - Feb. 8, 2023 - PRLog -- The smart irrigation market is projected reach to grow USD 2.3 billion by 2026 growing at a CAGR of 14.9 % during the forecast period. Some of the major factors driving the smart irrigation market growth includes active participation of governments in providing rebates and subsidies to enhance the adoption of smart irrigation technology, increasing awareness among farmers regarding the benefits of the adoption of smart irrigation, and increased crop yield with minimum wastage of water and fertilizers.

With the goal of minimising waste and optimising efficiency, smart irrigation refers to the use of technology to manage and control the watering of crops and landscapes. The market for smart irrigation is expanding quickly due to factors such water shortage, rising food production demand, and the requirement for effective water management.

Smart irrigation systems use various technologies, such as sensors, weather monitoring, and data analysis, to determine the exact amount of water needed for specific crops and soil conditions. These systems also allow for remote control and monitoring of irrigation, reducing the need for manual labor and increasing the efficiency of water usage.

The need for intelligent irrigation systems is growing as water scarcity becomes a significant issue in many areas. The market for smart irrigation is expanding as a result of the movement towards sustainable agriculture and the requirement to boost food production.

Governments and organizations around the world are investing in smart irrigation solutions, recognizing the need to improve water management and reduce waste. The smart irrigation market is expected to continue its strong growth in the coming years, offering companies in this industry a unique opportunity to provide innovative and sustainable solutions to a growing problem.

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Asia Pacific is an emerging market for smart irrigation and is expected to witness the fastest growth in the forecast period. Key countries in Asia Pacific are China, Japan, Australia, India, Singapore, and Indonesia. These countries have started various programs and groups to promote the growth of modern agricultural techniques, which would directly benefit the smart irrigation market. Australia and China have been leading the market in Asia Pacific.

News also Covered: https://www.prnewswire.com/news-releases/smart-irrigation-market-worth-2-3-billion-by-2026--exclusive-report-by-marketsandmarkets-301434867.html

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