Europe & MENA Smart Irrigation Systems Market
Europe And Mena Smart Irrigation Market Size By Component, By Application, By Geographic Scope And Forecast
According to Verified Market Research, Europe And Mena Smart Irrigation Market was valued at USD 302.3 Million in 2018 and is expected to witness a growth of 14.17% from 2019 to 2026 and is expected to reach USD 855.0 Million by 2026.
Smart Irrigation is a process in which smart controllers are used for monitoring weather, soil conditions and automatic adjustments of watering schedule so as to improve irrigation process in agriculture and non-agriculture landscape. With the increasing water scarcity issue, many agriculture-based countries are looking for options to use water as per the need to avoid water scarcity in a drought-like situation. A smart irrigation system provides help in saving water wastage, time and money, and provide a convenient way of farming.
Optimum utilization of resources and cost-effectiveness of the system is expected to drive the market. The smart Irrigation system is basically controlled irrigation that helps in the optimization of water levels based on soil moisture and weather predictions. Smart irrigation generally includes sensors and controllers that help in providing water only as and when needed by crops. These systems are many times recommended by governments, due to which many companies provide them at a reasonable cost. In the coming future, it is expected that smart irrigation systems will be demand and adopted at a higher rate.
Lack of awareness and interest of people in water & irrigation plans is expected to hinder the market growth rate over the forecast period. At present, the Smart Irrigation system is at its growth stage, due to which its adoption is high but knowledge about its uses and other application among users is low. Another factor affecting the implementation of smart irrigation technology systems is the high price of these systems especially the start-up costs of drip or micro-irrigation systems and storage ponds, which presents barriers for small or marginalized farming populations.
On the basis of component, the market is bifurcated into hardware, and software & service. Within a smart irrigation market, hardware includes the smart controllers and sensors that are used to control and to provide help in accurate water supply in the particular landscape. These hardware systems help in providing information and landscape conditions to determine how much water supply is needed and when is needed to irrigate the field. In Smart Irrigation Market, hardware systems are significantly helping the market to rise.
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