DUBLIN, August 05, 2021--(BUSINESS WIRE)--The "Growth Opportunities in the Global Irrigation Water Solutions Market" report has been added to ResearchAndMarkets.com's offering.
The research considers market drivers and restraints, notes the main competitors in each region, and considers growth opportunities for market participants. The unique characteristics of each region, including wealth disparities, the scale of farming operations, and connectivity, mean that companies cannot take a one-strategy-fits-all approach for growth.
More efficient irrigation automation, control, and monitoring solutions will take on the long-term challenge of water scarcity in the world, especially if governments' conservation efforts include restrictions on irrigation frequency and duration. Conservation initiatives would compel farmers to be more conscious of their water use and consider the benefits of drip irrigation and smart, data-driven solutions that could increase crop yields yet reduce costs.
The global irrigation water solutions market generated revenue of $11.22 billion in 2020. The publisher forecasts a compound annual growth rate of 8.0% through 2026 for revenue of $17.79 billion. Of course, agriculture is an inherently unpredictable industry: extreme weather, crop diseases, natural disasters, or significant produce price fluctuations could affect farmers' ability to invest in new equipment.
This study examines historical revenue and the market potential for irrigation pumps, micro irrigation (drip and sprinklers), mechanical irrigation (center pivot and lateral mover systems), and smart irrigation technologies in North America, Latin America, Europe, the Asia-Pacific region, and the Middle East and Africa. The study period is from 2017 to 2026.
Key Topics Covered:
Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top Three Strategic Imperatives on Global Irrigation Water Solutions Industry
Growth Opportunities Fuel the Growth Pipeline Engine
Growth Opportunity Analysis
Scope of Analysis
Revenue Forecast by Segment
Revenue Forecast by Region
Revenue Forecast Analysis
Growth Opportunity Universe
Growth Opportunity 1: New Capabilities and Disruptive Applications
Growth Opportunity 2: Smart Farming Solutions
Growth Opportunity 3: New Business Models
For more information about this report visit https://www.researchandmarkets.com/r/e8zuyo
View source version on businesswire.com: https://www.businesswire.com/news/home/20210805005518/en/
Laura Wood, Senior Press Manager
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