![]() This reduces the overall pricing of a smart irrigation system. Furthermore, due to the interest in low-cost sensors for monitoring agriculture and water, new sensors such as leaf water stress monitoring sensors, multi-level soil moisture sensors comprised of copper rings placed along a PVC pipe, water salinity monitoring sensors made with copper coils, or water turbidity sensors made with coloured and infrared LED emitters and receptors are being proposed. However, several manufacturers are currently offering low-cost sensors such as soil-moisture sensors, rain/freeze sensors, fertigation sensors, flow sensors that can be connected to nodes to implement low-cost systems for irrigation management and agriculture monitoring. ![]() Commercial sensors for irrigation systems are very expensive, making it impossible for smaller farmers to implement them on their farms, especially in developing nations such as India and China. ![]() There is a broad spectrum of smart irrigation technology that consumers can benefit from utilizing. To know about the assumptions considered for the study, Request for Free Sample Report Smart Irrigation Market Dynamics Driver: Decreasing cost of sensors and controllers used in smart irrigation systems According to MarketsandMarkets, the smart irrigation market is projected to grow from USD 1.2 billion in 2021 to reach USD 2.3 billion by 2026 it is expected to grow at a Compound Annual Growth Rate (CAGR) of 14.9 % from 2021 to 2026.Some of the major factors driving the market growth includes active participation of governments in providing rebates and subsidies to enhance the adoption of smart irrigation technology, increasing awareness among farmers regarding the benefits of the adoption of smart irrigation, and increased crop yield with minimum wastage of water and fertilizers.
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