The global Precision Irrigation Market will be worth USD 20.99 Billion by 2027, according to a current analysis by Emergen Research.
The latest market intelligence study on the Precision Irrigation market applies the best of both primary and secondary research techniques to bring to light the growth rate of the Precision Irrigation market for the forecast period, 2020 – 2027. The comprehensive study covers hard to find facts about the market landscape as well as its growth prospects in the years to come. Most importantly, the research report includes vital statistics about the major vendors occupying a strong foothold in this industry. Besides this, in order to calculate the market share, the study takes a closer look at the selling price of the product across different regions.
The subject matter experts conducting the study offer a deep understanding of how prominent leaders have managed to navigate the potential buyers and competitive dynamics influencing their brand positioning in the industry The Precision Irrigation market analysis provides everything a business owner needs in order to succeed.
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The global Precision Irrigation market research is carried out at the different stages of the business lifecycle from the production of a product, cost, launch, application, consumption volume and sale. The research offers valuable insights into the marketplace from the beginning including some sound business plans chalked out by prominent market leaders to establish a strong foothold and expand their products into one that's better than others.
Key Highlights From The Report
In February 2019, Israel based irrigation solutions supplier Rivulis opened a manufacturing plant in Guanajuato, Central Mexico. The company announced that it is expanding its global footprint with the establishment of the new manufacturing plant. The new plant is set to become the largest manufacturing site for drip irrigation in the Americas.
The drip irrigation segment held the largest market share of 48.8% in 2019 as it helps in the conservation of water and prevents the nutrient loss of the plants.
The agricultural segment is forecasted to grow with the fastest CAGR of 13.2% over the forecast period as the open fields and greenhouses increasingly adopt the precision irrigation system in order to increase crop productivity.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the increasing government initiatives to adopt modern agricultural techniques. Moreover, in 2020, Asia Pacific was the largest consumer of drip irrigation.
Key participants include The Toro Company, Rain Bird Corporation, Netafim Ltd., Jain Irrigation Systems Ltd., Lindsay Corporation, Rivulis Irrigation Ltd., Valmont Industries Inc., Elgo Irrigation Ltd., Chinadrip Irrigation Equipment Co. Ltd., and Nelson Irrigation Corporation, among others.
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Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Agricultural (open field, greenhouses)
Non-Agricultural (Golf Courses, Residential, sports ground, Turf & Landscapes, Forestry)
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market's growth?
The Precision Irrigation market report focuses on the economic developments and consumer spending trends across different countries for the forecast period 2020 to 2027. The research further reveals which countries and regions will have a better standing in the years to come. Apart from this, the study talks about the growth rate, market share as well as the recent developments in the Precision Irrigation industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Precision Irrigation Market Segmentation & Impact Analysis
4.1. Precision Irrigation Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Stringent environmental regulations
18.104.22.168. Rising need to reduce bacterial or algal contamination in water systems
22.214.171.124. Increasing demand for biocides for municipal water treatment
4.2.3. Market restraints analysis
126.96.36.199. Fluctuating prices of raw material
188.8.131.52. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Precision Irrigation Market By Application Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Precision Irrigation Market By Product type Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Precision Irrigation Market Regional Outlook
Chapter 8. Competitive Landscape
Tags: Precision Irrigation Market Forecasts, Precision Irrigation Market Revenue, Precision Irrigation Market Characteristics, Precision Irrigation Market Importance, Precision Irrigation Market Strategy
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