Smart Irrigation Market To Reach USD 3147.29 Million By 2027 | Rise in Awareness about Conservation of Water and an Increase in Investment for R&D…

New York, Jan. 21, 2021 (GLOBE NEWSWIRE) -- The global market for smart irrigation has been foreseen to rise with a 17.1% CAGR, touching a valuation of USD 3,147.29 Million in the year 2027. These systems aid in monitoring soil conditions, weather, water used for plants, and evaporation to adjust the schedule of watering automatically to the actual sites conditions. The market is witnessing a steadfast growth, owing to the farmers and agriculturalists demand towards automating the agricultural process for reducing the water usage. Rapid emergence of renowned institutional farms and the rising popularity of gardens with irrigating landscape are the two major factors fueling the industrys growth.

Conventional methods of watering lead to the waste of 50% of water used because of the inefficiencies in evaporation, irrigation, and overwatering. Moreover, they operate on the basis of a timer, not responding to different weather conditions or the water amount required for a plant. All these factors have elevated the need for smart irrigation, sensors for historical or real-time data for informing routines of watering along with modifying watering schedules in order to enhance efficiency. However, less technical knowledge and the high cost of sensors and controllers of smart irrigation systems are hindering the markets growth. Several farmers in various developing countries are deficient in the skills required for operating these smart systems. Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.reportsanddata.com/sample-enquiry-form/2359

Further key findings from the report suggest

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For the purpose of this report, Reports and Data has segmented the smart irrigation market on the basis of type, component, application, and region:

Type Outlook (Revenue, USD Million; 20172027)

Component Outlook (Revenue, USD Million; 20172027)

Application Outlook (Revenue, USD Million; 20172027)

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Regional Outlook (Revenue in USD Million; 20172027)

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Smart Irrigation Market To Reach USD 3147.29 Million By 2027 | Rise in Awareness about Conservation of Water and an Increase in Investment for R&D...