Market Trends

Smart Irrigation Market Overview: According to the World Bank, irrigational land covers 275 million hectares in the world, which equals 20% of the total agricultural land with 40% contributing share to global food production. IndustryARC’s analyst states, “emerging water crisis and erratic rainfall pattern offers a major hindrance to the conventional agricultural practices, relatively pushing forth the modern irrigation techniques application for cultivation around the globe.” Furthermore, irrigation methods have incorporated advanced technologies to offer weather-based and soil moisture-based water management techniques, thereby claiming huge market benefit in recent years. Resultantly, the global smart irrigation market acquired revenue of $861.23 billion as of 2018. Limitation of freshwater resources in urban and arid regions and growth in greenhouse projects implicates huge dependency on effective irrigation techniques which is promoted with sensors induced dripping and spraying s