The latest report published by Report Ocean, titled “Smart Irrigation Market ” Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023 to 2031,” offers a comprehensive assessment of the industry, including valuable insights into market trends. The report encompasses competitor and regional analysis, as well as the latest developments in the market. It serves as an excellent resource for investors, researchers, consultants, marketing strategists, and anyone planning to enter the market in any capacity.
What is Smart Irrigation Market growth?
A smart irrigation system uses weather data or soil moisture data to determine the irrigation need of the landscape. One of the greatest advantages of a smart irrigation system is its ability to save water. Smart irrigation systems use sensors for real-time or historical data to inform watering routines and modify watering schedules to improve efficiency. Report ocean predicts global smart irrigation market will grow from USD 1,055 million in 2021 to USD 2,289 million by 2028, achieving a CAGR of 11.7 percent, according to the latest edition of the Global Smart Irrigation Market Report.
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The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global smart irrigation market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the smart irrigation industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the component, technology, application, and region. The global market for smart irrigation can be segmented by component: controllers, sensors, water flow meters, others. Smart irrigation market is further segmented by technology: weather-based controller systems, sensor-based controller systems. Based on application, the smart irrigation market is segmented into: agriculture, non-agricultural. On the basis of region, the smart irrigation market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW).
By component:
controllers
sensors
water flow meters
others
By technology:
weather-based controller systems
sensor-based controller systems
By application:
agriculture
non-agricultural
By region:
Asia Pacific
Europe
North America
Rest of the World (RoW)
The report also provides analysis of the key companies of the industry and their detailed company profiles including AquaSpy, Inc., Banyan Water, Inc., California Sensor Corporation dba Calsense, Galcon Ltd., Green Electronics LLC (RainMachine), GroGuru, Inc., Hunter Industries, Inc., HydroPoint Data Systems Inc., Jain Irrigation Systems Ltd., Manna Irrigation Ltd., Netafim Ltd., Orbit Irrigation Products LLC, Rachio Inc., Rain Bird Corporation, Skydrop Ltd., Stevens Water Monitoring System Inc., Telsco Industries, Inc./Weathermatic, The Toro Company, Valmont Industries Inc. (Valley Irrigation), among others.
Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.
Scope of the Report
To analyze and forecast the market size of the global smart irrigation market.
To classify and forecast the global smart irrigation market based on component, technology, application, region.
To identify drivers and challenges for the global smart irrigation market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global smart irrigation market.
To identify and analyze the profile of leading players operating in the global smart irrigation market.
Why Choose This Report
Gain a reliable outlook of the global smart irrigation market forecasts from 2022 to 2028 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.
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Some of the metrics this research service discusses are:
Market Size:
- This metric quantifies the total value or volume of a market, providing an understanding of the market’s scale and potential.
Market Growth Rate:
- This metric measures the rate at which the market is growing over a specific period.
- It helps assess the market’s attractiveness and potential for investment.
Market Share:
- Market share metrics indicate the portion or percentage of the market captured by a specific company or product.
- It provides insights into the competitive position of market players.
Customer Satisfaction:
- Customer satisfaction metrics assess the level of satisfaction or dissatisfaction among customers with a product, service, or brand.
- It helps gauge customer loyalty and identify areas for improvement.
Pricing Analysis:
- Pricing metrics analyze the pricing strategies used in the market.
- This includes metrics such as average prices, price differentials between products or competitors, and price elasticity.
Market Segmentation:
- Segmentation metrics involve dividing the market into distinct segments based on factors such as demographics, geography, behavior, or psychographics.
- This helps understand the varying needs and preferences of different customer groups.
Customer Acquisition Cost (CAC):
- CAC is a metric that calculates the cost of acquiring a new customer. It helps evaluate the efficiency of marketing and sales efforts.
Customer Lifetime Value (CLV):
- CLV measures the total value a customer generates over their entire relationship with a company. It helps assess the long-term profitability of customer relationships.
Return on Investment (ROI):
- ROI metrics evaluate the profitability and effectiveness of an investment or marketing campaign.
- It measures the return or gain generated relative to the cost of investment.
Competitive Analysis:
- Competitive analysis metrics assess the performance and strategies of competitors in the market.
- This includes metrics such as market share, revenue growth, product portfolio, and customer satisfaction.
Key Performance Indicators (KPIs):
- KPIs are specific metrics that measure the performance of a business or organization.
- They can include metrics such as sales growth, market penetration, customer retention rate, and profitability.
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About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
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