Key Market Dynamics in Smart Irrigation Market

Smart irrigation is a creative approach that uses technology to save water and increase crop production. By automating irrigation, the smart irrigation system enables farmers to use water more effectively and efficiently. The market for smart irrigation is expanding quickly, driven by the increased demand for effective water management strategies and the expanding world population.

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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. The growth of the market is attributed to the increasing adoption of smart irrigation systems in commercial and residential landscapes, as well as the agriculture sector.

One of the main factors propelling the market for smart irrigation is the rising need for food production as a result of the expanding world population. Farmers can increase crop yields and quality while using water more effectively thanks to smart irrigation technology. The implementation of intelligent irrigation systems is also being influenced by the need for sustainable agriculture practises and the increased awareness of water conservation.

The market for smart irrigation is expanding as a result of technological developments and the growing uptake of the internet of things (IoT). Smart irrigation systems with IoT device integration allow farmers to remotely monitor soil moisture levels, weather, and other important aspects. They are then able to optimise irrigation schedules and save water as a result.

Also, government programmes to support water conservation and sustainable agricultural methods are fueling the development of the smart irrigation market. For instance, the Indian government launched the Pradhan Mantri Krishi Sinchai Yojana (PMKSY) scheme, which aims to improve water use efficiency through the adoption of micro-irrigation techniques.

Challenges Facing the Smart Irrigation Market

Despite the substantial development potential, the smart irrigation business still has a number of obstacles to overcome. Smart irrigation system adoption is significantly hampered by the high upfront cost, especially for small farms. Additionally, the implementation of smart irrigation systems is being hampered by a lack of technical understanding and awareness of these systems.

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Also, there are many minor and regional competitors in the highly fragmented smart irrigation market. Customers find it difficult to select the best product or service provider as a result. The development of the market is further hampered by the absence of interoperability standards and compatibility problems between various platforms.

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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