South America Smart Irrigation Market, By Offering (Hardware, Software and Services), System Type (Weather-Based Controller Systems and Sensor-Based Controller Systems), Application (Agriculture and Non- Agriculture), Country (Argentina, Peru, Columbia, Chile, Rest of South America) Industry Trends and Forecast to 2028
Market Analysis and Insights: South Americas Smart Irrigation Market
The South America smart irrigation market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 13.1% in the forecast period of 2021 to 2028 and expected to reach USD 345.95 million by 2028.
Smart irrigation technologies help people precisely to schedule/assign when plants and crops need to be watered and during the concentration of water when required by the plant. Using advanced technologies such as IoT/M2M sensors, growers are able to monitor the soil moisture levels around their plants, weather monitor, so that they can use water more efficiently and effectively. Moreover, concentration fertilizers required for optimum growth of the plants and crops can also be monitored using smart irrigation technologies. Smart irrigation technologies are quite different from the traditional irrigation technologies as it operate on a present programmed schedule and timers. Smart irrigation technologies consists of Irrigation controllers and sensors, controllers are of two types climate based and soil moisture controllers. On the other hand sensors consist of soil moisture sensor, rain freeze sensor, temperature sensor and wind sensors. Additionally, there are various other types of sensors such as temperature, fertigation and others. One of the advantages of smart irrigation technology is that it help with the elimination of water wastage, and even provides a healthy and attractive landscape.
Some of the factors which are increasing demand for smart irrigation across the South Americas region are increase in government initiatives and policies to promote water conservation & farming, can act as driving factor for the growth of the market. Rise in penetration of automated monitoring systems in farming sector, which acts as a driving factor for the growth of the market. Implementation of smart irrigation technologies in fragmented land, can act as a major restraining factor for the market.
This smart irrigation market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
South America Smart Irrigation Market Scope and Market Size
The smart irrigation market is segmented on the basis of offering, systems type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of offering, the South America smart irrigation market has been segmented into hardware, software and services. In 2021, hardware is the dominating category in offering segment as they are the important component in smart irrigation such as sensors.
- On the basis of system type, the South America smart irrigation market has been segmented into sensor-based controller systems, weather-based controller systems. In 2021, the sensor-based controller systems is the most dominating segment in system type as it offers many benefits such as increasing accuracy in measuring data from soil.
- On the basis of application, the South America smart irrigation market has been segmented into agriculture and non-agriculture. In 2021, agriculture is the dominating segment in application as the products are majorly used in agriculture for productivity.
South America Smart Irrigation Market Country Level Analysis
The smart irrigation market is analysed and market size information is provided by the country, offering, system type and application.
The countries covered in South America smart irrigation market report are the Argentina, Peru, Colombia, Chile and Rest of South America.
The Rest of South America accounted for maximum share in the South Americas Smart Irrigation market owing to factors such as presence of large number of companies and high adoption of smart irrigation products and services. Argentina is the second dominating country is South America due to increasing awareness about smart irrigation products and services. Peru is the third dominating country in smart irrigation market as the farmers are adopting the new products for more yields and profits.
The country section of the smart irrigation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing Adoption of Contract Manufacturing
The smart irrigation market also provides you with detailed market analysis for every country growth in installed base of different kind of products for smart irrigation market, impact of technology using life line curves and changes in requirement of abrasives products, regulatory scenarios and their impact on the smart irrigation market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Smart irrigation Market Share Analysis
The smart irrigation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to South America smart irrigation market.
Some of the major players operating in the smart irrigation market are Orbit Irrigation Products LLC., HydroPoint, The Toro Company, NETAFIM, Galcon, Weathermatic, HUNTER INDUSTRIES, Stevens Water Monitoring Systems Inc., Valmont Industries, Inc., AquaSpy, Soil Scout Oy, Jain Irrigation, Inc., Caipos GmbH, Delta-T Devices Ltd, WaterForce, RainMachine - Green Electronics LLC, Lindsay Corporation, Wiseconn Engineering, Nelson Irrigation, Hortau and among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In July 2020, NETAFIM entered into a partnership with Sentek’s Industry. The key feature of this partnership was to strengthen NETAFIM’s digital farming capabilities as Sentek’s Industry is known for its soil sensor technology. This partnership helps in developing products with end-to-end cloud-based automation capabilities and provides control solutions. Both the companies benefited mutually from this partnership which helped them to expand their markets.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for smart irrigation market through expanded product range.