Autonomous Farm Equipment Global Market Report 2023 – By Product Type (Tractors, Harvesters, Unmanned Aerial Vehicles (UAVs), Other Product Types), By Technology (Partially Autonomous, Fully Autonomous), By Application (Agriculture, Horticulture, Animal husbandry, Forestry, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Warehousing And Storage Market Definition

The warehousing and storage market consists of sales of warehousing and storage and related services by entities (organizations, sole traders and partnerships) that operate warehousing and storage facilities for bonded merchandise, general merchandise, refrigerated goods, and other products. Warehouses are planned spaces designed for storage and handling of goods and materials. They are an essential service for the operations of many businesses. In practice, many goods are produced in long production runs and shipped in huge lots to warehouses closer to the end-user market, where they are stored until distribution. The key activities carried out by warehousing and storage firms includes material receiving and incoming inspection (visual inspection, order fulfillment, picking & packing, and shipping) and inventory management (manual and automated techniques). The additional functions carried out by warehousing firms include the protection of goods, financing, processing, grading & branding, and others. The storage activity refers to the holding of a significant amount of inventory for a certain period of time. In warehouses, the storage of goods happens for different lengths of time at different locations, based on the purpose of storage. Storage is of two types long-term or semi-permanent storage and short-term or temporary storage.

Farm Machinery And Equipment Market Definition

The farm machinery and equipment market consist of sales of farm machinery and equipment by entities (organizations, sole traders, or partnerships) that are engaged in the manufacture of agricultural and farm machinery and equipment, turf and ground care equipment, including planting, harvesting, and grass-mowing equipment (except lawn and garden-type used for domestic use) used in farming to save labor. Only goods and services traded between entities or sold to end consumers are included.

Agricultural variable rate technology refers to a branch of technology concerned with the automated application which mainly focuses on the automated application that is used in agriculture. The agricultural data is collected by sensors, maps, and GPS. These technologies are used to spray fertilizers and chemicals and to plant seeds these agricultural variable rate technologies help to manage crop production. The main types of agricultural variable rate technology are soil sensing variable rate technology, fertilizer variable rate technology, seeding variable rate technology, crop protection chemical variable rate technology, yield monitor variable rate technology, and irrigation variable rate technology. Sensor-based variable rate technology doesn't use a map at all but rather mounted sensors that measure soil properties or crop characteristics in real-time. The crops used in agricultural variable rate technology are cereals and grains, oilseeds and pulses, fruits and vegetables that can be used in large farms, small farms, mid-size farms in fertilizers, crop protection chemicals, soil sensing, yield monitoring, irrigation. The global agricultural variable rate technology market is segmented - 1) By Product: Soil Sensing Variable Rate Technology, Fertilizer Variable Rate Technology, Seeding Variable Rate Technology, Crop Protection Chemical Variable Rate Technology, Yield Monitor Variable Rate Technology, Irrigation Variable Rate Technology 2) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables 3) By Farm Size: Large Farms, Small Farms, Mid-Size Farms 4) By Application: Fertilizers, Crop Protection Chemicals, Soil Sensing, Yield Monitoring, Irrigation The global agricultural variable rate technology market size will grow from $3.44 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the agricultural variable rate technology is expected to grow to $6.78 billion in 2027 at a CAGR of 14.8%. Increasing government expenditures and policymaking in the agricultural sector are significantly driving the growth of the agricultural variable rate technology market. The agricultural variable rate technology refers to an area of technology that focuses on the automated application that is used in agriculture. Using technology in agriculture will reduce the labor cost by 80 percent. Spraying of pesticides by using drones is the latest technology in agriculture which had gained popularity it also helps in many other ways in agriculture. For instance, In January 2022 government of India announced a 100% subsidy for drones up to the value of 10 lakhs this scheme is launched to promote drones usage in agriculture and to decrease the labor burden on the farmers Krishi Vigyan Kendras & State Agriculture Universities had also started giving training to farmers. The government had allocated a contingency fund of Rs.6000/hectare will also be given for hiring Drones from Custom Hiring Centres (CHC). Thus, the increase in government policy and spending on technologies in agriculture helps in the agricultural variable rate technology market growth. Major players in the agricultural variable rate technology market are The Climate Corporation, Deere & Company, Trimble Inc., AGCO Corporation, Topcon Corporation, CNH Industrial NV, Yara International, Valmont Industries, Inc., AgJunction, AG Leader Technology, Raven Industries Inc., Kubota Corporation, Lindsay Corporation, Ageagle Aerial Systems, and Hexagon. Technological advancement are shaping the agricultural variable rate technology market. Major companies operating in the agricultural variable rate technology market sector are focused on developing new technological solutions to strengthen their position. For instance, in February 2021, XAG, a China-based company that manufactures agricultural machinery, launched a new generation of agricultural drones named XAG P40 Agricultural Drone which is designed especially for smallholder farms. XAG P40 can support a 20L smart liquid tank and cover 15 hectares of land per hour and the second model is called AG P80. Agricultural Drone which is designed for large field areas this drone can carry up to 40 kg and can cover up to 20 hectares of land in 1 hour. This helps in protecting lands from weeds, pests, and diseases this new launch can help medium-to-large farm owners address the rural labor shortage. In November 2021, CNH Industrial is a UK-based company that designs, produces, and also sells agricultural technology products acquired by Raven Industries for an undisclosed amount. With this acquisition, Raven Industries will become part of CNH Industrial and works under CNH Industrial. This acquisition will add strong innovation capabilities which helps to accelerate digital strategy. Raven is a US-based precision agriculture space and technology manufacturer of agriculture products company North America was the largest region in the agricultural variable rate technology market in 2022. The regions covered in the agricultural variable rate technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the agricultural variable rate technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The agricultural variable rate technology market includes revenues earned by entities by providing services such as yield monitoring, irrigation VRT. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The agricultural variable rate technology market research report is one of a series of new reports from The Business Research Company that provides agricultural variable rate technology market statistics, including agricultural variable rate technology industry global market size, regional shares, competitors with a agricultural variable rate technology market share, detailed agricultural variable rate technology market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural variable rate technology industry. This agricultural variable rate technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The plant factory refers to agricultural production systems designed to turn crop production into a new model by using bioinformatics and industrial automation. This system enables to achieve the supreme yield, harvesting density, and financial impact by controlling the plant growth environment artificially. Plant Factory uses artificial controlled light, moisture, temperature, and carbon dioxide concentrations to grow plants and vegetables. The main facility types in plant factories are greenhouses, indoor farms, and other facility types. Indoor farms refer to the method of growing plants and crops indoors on large scale. Indoor farming is used to cultivate plants and crops and circulate and reuse the water. The light types used in plant factories are sunlight and full artificial light, they are used to cultivate fruits, vegetables, flowers ornamentals, and other crop types. The global plant factory market is segmented - 1) By Facility Type: Greenhouse, Indoor Farms, Other Facility Types 2) By Light Type: Sunlight, Full Artificial Light 3) By Growing System: Non-Soil-Based, Soil-Based, Hybrid 4) By Crop type: Fruits, Vegetables, Flower And Ornamental, Other Crop Types The global plant factory market size grew from $112.71 billion in 2022 to $120.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global plant factory is expected to grow to $158.16 billion in 2027 at a CAGR of 7.0%. The rise in demand for food due to the increasing population and challenges of climate change significantly contributes to the growth of the plant factory market. The world population and demand for food are growing, and losses in yield gains due to soil infertility, demographic change, climate change, and pest outbreaks are contributing to growth in the adoption of new plant factory methods for growing crops. For instance, In November 2020, according to a study published by International Institute for Applied Systems Analysis (IIASA), the food demand is expected to increase by 56% between 2010 and 2050. In addition to it, currently, 40% of the landmass is arid, and due to rising temperatures and climate change, more will turn into deserts, causing a reduction in food production. Therefore, the rise in demand for food due to the increasing population and challenges of climate change is driving the growth of the plant factory market. Major players in the plant factory market are AeroFarms, Mirai Co., Ltd., Farminova Plant Factory, Metropolis Farms, Urban Crops, Lufa Farms, Keystone Technology Inc., Green Plus Co., Ltd., Parus Europe, and Ryoden Corporation. Technological advancements are the key trends gaining popularity in the plant factory market. Major companies operating in the plant factory market are focused on providing continuous innovations to strengthen their market position by implementing various innovations and technologies such as LED-grown light, AI, Machine learning, dynamic resource allocation, and edge computing to optimize plant growth and increase productivity. For instance, In September 2020, Urban Crop Solutions, a Belgium-based developer and manufacturer of indoor vertical farming solutions, launched ModuleX Plant Factory, a vertical indoor farming system, which counters existing challenges in vertical farming operations. In March 2022, Plantas Group, a Danish company, acquired Euroflora for an undisclosed amount. The acquisition of EuroFlora is number three in a series of acquisitions and the largest corporate acquisition to date. In terms of organic growth, Plantas Group has opened subsidiary in Germany at the beginning of 2022 and expanded in Poland. EuroFlora is an Italy-based plant factory. Western Europe was the largest region in the plant factory market in 2022. The regions covered in the plant factory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the plant factory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The plant factory market includes revenues earned by entities providing services such as hydroponics aquaponics, aeroponics, and vertical planting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The plant factory market research report is one of a series of new reports from The Business Research Company that provides plant factory market statistics, including plant factory industry global market size, regional shares, competitors with a plant factory market share, detailed plant factory market segments, market trends and opportunities, and any further data you may need to thrive in the plant factory industry. This plant factory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Indoor farming technology uses innovations to create an artificial environment inside a closed facility, speeding up plant growth and nutrient uptake compared to conventional farming. It entails using controlled growing and nutrition systems, LED illumination, and layering indoor plant growth. This type of agriculture has the benefits of using less land to raise more food and avoiding chemicals. The main types of indoor farming technology are fruits and vegetables, flowers and ornamentals, herbs and microgreens. Fruit is a seed plant's mature ovary, which is normally generated from a flower. Fruits contain seeds, which help to continue the reproductive cycle. A vegetable is an edible plant or portion of a plant that does not necessarily play a function in the reproduction cycle of the plant. These technologies have components such as hardware, software, services and integrated systems having facilities such as glass or poly greenhouses, indoor vertical farms, container farms, and indoor deep water culture systems. They are grown using aeroponics, aquaponics, and hybrid methods. The global indoor farming technology market is segmented – 1) By Crop Type: Fruits And Vegetables, Flowers And Ornamentals, Herbs And Microgreens 2) By Component: Hardware, Software And Services, Integrated Systems 3) By Facility Type: Glass or Poly Greenhouses, Indoor Vertical Farms, Container Farms, Indoor Deep Water Culture Systems 4) By Growing System: Aeroponics, Aquaponics, Hybrid The global indoor farming technology market size will grow from $29.35 billion in 2022 to $32.95 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The indoor farming technology market size is expected to grow to $53.31 billion in 2027 at a CAGR of 12.8%. The rising adoption of vertical farming of agriculture is likely to contribute the growth of the indoor farming technology market. Some of the main advantages of vertical farming are optimized crop growth, reduced water usage, minimal dependence on external weather conditions or temperatures, decreased labor costs, and better energy conservation. According to a forum, which is used for sharing farming experience, Europe is at a significant rise when it comes to vertical farming. Many countries compete to dominate this market, which results in the rise of many new farms. For instance, in the U.K., Jones Food Company producing around 400 tons of vegetables, such as kale, coriander, and radish, per year using vertical farming. The company has around 5000 square meters of space for vertical farm in Europe. Therefore, adoption of vertical farming is driving the growth for indoor farming technology. Major players in the indoor farming technology market are Advanced Nutrients, Agrilution GmbH, American Hydroponics, BrightFarms, General Hydroponics, Hydrodynamics International, Logiqs Vertical Farming, Netafim, Vertical Farm Systems, AeroFarms, Bowery Inc., Freight Farms, Metropolis Farms Inc., and Scotts Miracle Gro. Strategic partnerships are shaping the indoor farming technology market. The companies that operate in unified endpoint management are undergoing partnerships. For instance, in the year 2020, Sananbio and Hode AgTech announced a strategic partnership for indoor farming projects in Qatar. Sananbio is a joint venture by Sanan Optoelectronics, an LED manufacturer, and also the Institute of Botany of the Chinese Academy of Sciences, an institute in plant science. Hode AgTech is committed to the development and worldwide promotion of agricultural technologies. With this partnership, they commit to building indoor farms and labs in Qatar and to giving fresh nutritionally dense food to Qatar. In April 2021, a US-based indoor agriculture company, Aero farms had undergone a partnership with Hortifrut SA for an undisclosed amount. The Chile-based company primarily engaged in the production, distribution, import, and export of horticultural products a certified B corporation in Chile. The partnership will focus on the research and development of blueberry and cranberry production in fully controlled vertical farms and indoor environments. Hortifrut SA is a Chile-based production and marketing company for berries. North America was the largest region in the indoor farming technology market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the indoor farming technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the indoor farming technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The indoor farming technology market consists of revenues earned by entities by monitoring, analyzing, and adjusting climate conditions within greenhouses and indoor farms. The market value includes the value of related goods sold by the service provider or included within the service offering. The indoor farming technology market also includes sales of hydroponics, aeroponics, and aquaponics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The indoor farming technology market research report is one of a series of new reports from The Business Research Company that provides indoor farming technology market statistics, including indoor farming technology industry global market size, regional shares, competitors with a indoor farming technology market share, detailed indoor farming technology market segments, market trends and opportunities, and any further data you may need to thrive in the indoor farming technology industry. This indoor farming technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The industrial air compressor is a device that utilizes an electric, diesel, or gas-powered engine to convert power to potential energy stored in pressurized air. It uses one or more reciprocating pistons to draw in air and compress it. The compressed air is then directed towards various tools such as jackhammers, paint sprayers, impact wrenches, and others. The main types of industrial air compressors are rotary air compressors, reciprocating air compressors, and centrifugal air compressors. Rotational air compressors are rotary positive displacement devices that can operate at high speeds over a wide range of pressures and flows. These are divided into positive displacement and dynamic displacement with a variety of seals such as oil-free seals and oil-lubricated seals. They can be used in several industries such as food and beverage, oil and gas, energy and mining, semiconductor and electronics, manufacturing, construction and municipal, pharmaceuticals, agriculture/farming. The global industrial air compressor market is segmented - 1) By Type: Rotary Air Compressors, Reciprocating Air Compressors, Centrifugal Air Compressors 2) By Product: Positive Displacement, Dynamic Displacement 3) By Seal: Oil-Free Seal, Oil-Lubricated Seal 4) By Application: Food And Beverage, Oil And Gas, Energy And Mining, Semiconductor And Electronics, Manufacturing, Construction And Municipal, Pharmaceuticals, Agriculture/Farming The global industrial air compressor market size grew from $20.32 billion in 2022 to $21.35 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The industrial air compressor market size is expected to grow to $25.98 billion in 2027 at a CAGR of 5.0%. Increasing demand for energy-efficient air compressors is expected to propel the growth of the Industrial Air Compressor market. An industrial air compressor is a device that works in converting potential energy into compressed air form. This energy-efficient air compressor can create an advantage in the world of growing energy costs and increasing accessibility to energy-saving technologies in industrial sectors. For instance, according to the U.S. Department of Energy, on average 10 to 30% of all energy of the industrial facility is used by compressed air systems. Using energy-efficient air compressors in the industries can be improved 20% energy consumption in a better way. Thus, introducing energy-efficient air compressors in the industrial air compressor is a great step. Major players in the industrial air compressor market are Atlas Copco, Danfoss, Doosan Infracore, EBARA Corporation, Elgi Equipments Limited, Hitachi, Howden Group Ltd., Ingersoll-Rbd PLC., Kaeser Kompressoren, Inc., Kirloskar Pneumatics Co. Ltd., Kobe Steel, Baker Hughes, BOGE Kompressoren, Campbell Hausfeld, Coaire, Elloitt Group Ltd., FS-Curtis, Fusheng Group, Gardner Denver, and GE Oil and Gas. Technological developments in the field of air compressors are shaping the industrial air compressor market. Companies that are into Industrial Air compressors are undergoing develop new technologies and products. For instance, in February 2021, CMC introduced the AIRMATICS Aero control system. CMC, an Italian-based manufacturer of air compressors that used to be applicable in the Industrial sector introduced the AIRMATICS Aero control system. They aim to reduce compressed air energy bills at the plant. by which they can save the business $500,721 kWh a year and can reduce the annual energy bill at the plant by $35,050, which includes Industrial Air Compressor, more sustainable and less expensive for manufacturers worldwide. In February 2020, Atlas Copco a Sweden-based industrial equipment company a global leader in the industrial equipment market manufactured various industrial equipment announced the acquisition of Dr. Gustav Gail Drucklufttechnik GmbH for undisclosed amounts. Due to this acquisition, Dr. Gustav Gail Drucklufttechnik GmbH will become part of Atlas Copco and works under Atlas Copco. With this acquisition, Atlas Copco will increase its service offering and get closer to the customers. Dr. Gustav Gail Drucklufttechnik GmbH is a southern part of a Cologne-based company that is known for leading a strong market presence in industrial equipment. Asia-Pacific was the largest region in the industrial air compressor market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial air compressor market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the industrial air compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The industrial air compressor market consists of sales of rotary screw, vane and reciprocating air compressors, and axial and centrifugal compressors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The industrial air compressor market research report is one of a series of new reports from The Business Research Company that provides industrial air compressor market statistics, including industrial air compressor industry global market size, regional shares, competitors with a industrial air compressor market share, detailed industrial air compressor market segments, market trends and opportunities, and any further data you may need to thrive in the industrial air compressor industry. This industrial air compressor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Micro-irrigation systems refer to a cutting-edge watering technique. With this technique, farmers can deliver water gradually, typically in the form of streams, droplets, or other discrete forms. This method is widely used because of its affordability and water efficiency. By using drippers, sprinklers, foggers, and other emitters on the surface or below the ground, water is watered using this approach. The main types of mechanisms in micro irrigation systems are drip irrigation system, sprinkler irrigation system, others. A drip irrigation system in a micro irrigation system's market is a technology that has the potential of saving and supplying water to the fields of cultivation. The different crop types include plantation crops, field crops, orchard crops, other crop types and involve various technologies such as open field, and protected cultivation. It is used in small farming, large and corporate farming, government, and other applications. The global microirrigation systems market is segmented - 1) By Mechanism: Drip Irrigation System, Sprinkler Irrigation System, Other Micro-Irrigation Systems 2) By Crop Type: Plantation Crops, Field Crops, Orchard Crops, Other Crop Types 3) By Cultivation Technology: Open Field, Protected Cultivation 4) By Application: Small Farming, Large and Corporate Farming, Government, Other Applications The global microirrigation systems market size will grow from $6.9 billion in 2022 to $7.98 billion in 2023 at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The microirrigation systems market size is expected to grow to $13.54 billion in 2027 at a CAGR of 14.1%. Growing awareness about micro-sprinkler irrigation is expected to propel the growth of the micro irrigation systems market going forward. Micro-sprinkler irrigation refers to a modern method of irrigation that helps in distributing the water evenly all over the agricultural land. For instance, according to the Economic Times, an India-based daily newspaper, for the year 2021, in India, over 20 lakh hectares of land were brought under drip and sprinkler irrigation. In addition, the National Bank for Agriculture and Rural Development allocated 10,000 crores for the development of micro-sprinkler irrigation. The government has set a target of covering 100 lakh hectares for micro-irrigation within the next 5 years. Therefore, growing awareness about micro-sprinkler irrigation is driving the growth of micro irrigation systems. Major players in the microirrigation systems market are Lindsay Corporation, The Toro Company, Rain Bird Corporation, Jain Irrigation Systems Ltd., Mahindra EPC Irrigation Limited, Hunter Industries, Netafim Limited, Irritec S.p.A., Harvel Agua India Private Limited, Nelson Irrigation Corporation, Antelco Pty Ltd., Irrigation Direct Canad, Drip Research Technology Solutions, DripWorks Inc., and Raindrip Inc. New product innovations have emerged as the key trend gaining popularity in the micro irrigation systems market. Major companies operating in the micro irrigation systems sector are focused on introducing new products to reinforce their position. For instance, in May 2021, Netafim, an Israel-based company, launched its intelligent automated filter AlphaDisc. It contains features such as concepts of product modularity and data measurement. This uses little water and energy and uniformly irrigates crops, leading to better productivity and cost savings. In July 2020, Lindsay Corp, a US-based manufacturer of micro-irrigation systems, acquired Net Irrigate, LLC, for an undisclosed amount. This acquisition helps Lindsay Corp to expand its business in the US and would also allow it to develop new products in micro-irrigation. Net Irrigate LLC is a US-based manufacturer of remote monitoring technology and also operates in micro irrigation systems. Asia-Pacific was the largest region in the microirrigation systems market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the microirrigation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the microirrigation systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The micro-irrigation systems market includes revenues earned by entities by spray irrigation, subsurface irrigation, bubbler irrigation, and manual irrigation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The micro-irrigation systems market research report is one of a series of new reports from The Business Research Company that provides micro-irrigation systems market statistics, including micro-irrigation systems industry global market size, regional shares, competitors with a micro-irrigation systems market share, detailed micro-irrigation systems market segments, market trends and opportunities, and any further data you may need to thrive in the micro-irrigation systems industry. This micro-irrigation systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Hydroponics refers to a method of growing crops without using soil, replacing it with another material to support the plant's roots, and doing so in nutrient-rich water. Because plants are more closely spaced out in a hydroponic system than they would be on a plot of land to cultivate the same number of plants, hydroponic plants generate more fruits and vegetables. The main types of hydroponics systems include aggregate systems and liquid systems. The aggregate system refers to a solid, and inert medium used to provide support growth of plants. Both open and closed aggregate systems are used based on dependence over-recovery or reuse of surplus amount of the solutions. They are used for indoor and outdoor farming of vegetables, fruits, and flowers. The global hydroponics market is segmented – 1) By Type: Aggregate Systems, Liquid Systems 2) By Farming: Indoor Farming, Outdoor Farming 3) By Crop Type: Vegetables, Fruits, Flowers The global hydroponics market size will grow from $12.71 billion in 2022 to $14.12 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydroponics market size is expected to grow to $21.9 billion in 2027 at a CAGR of 11.6%. The growing demand for exotic vegetables is expected to propel the hydroponics market. Rapid growth in urban population among emerging economies, and the growing establishment of gourmet restaurants across the globe are contributing to rapid growth in consumption of exotic vegetables such as mushrooms, tangy kiwis, green olives, and fresh broccoli, dragon fruit, and others. The increasing demand for exotic vegetables is expected to boost demand for a hydroponic system, as the commercial farmers involved in this sector are investing in advanced plantation equipment such as hydroponics to reduce operational expenses and increase profits. For Instance, In September 2021, according to estimates of agro farming, the Indian exotic vegetable market is expected to increase from 332 million metric tons by 2020 to 432 million metric tons by 2026. Therefore, the increasing demand for exotic vegetables is expected to boost demand for hydroponics systems during the forecast period. Major players in the hydroponics market are AeroFarms, Freight Farms, ScottsMiracle-Gro, General Hydroponics Inc., American Hydroponics, Hydrofarm Holdings Group, Hortisystems UK Ltd., BitMantis Innovations, NGS, Veggitech, Greentech Organic Hydroponics System, and AmHydro. Technological advancement is a key trend gaining popularity in the hydroponics market. Major companies operating in the hydroponics market are focused on providing technologically-advanced solutions to meet end-customer demands and strengthen their market position. These companies are implementing next-generation hydroponics solutions and technologies into their services, such as nutrient film technique, Ebb and Flow System, wick system, communication technology, sensors, irrigation systems, automation, robotics, artificial intelligence system, machine learning, computer vision, and others to grow plants in small spaces. For instance, In November 2021, Iron Ox, a US-based robotics and artificial intelligence-based farming company launched Grover, an autonomous mobile robot to assist farmers with monitoring, watering, and harvesting a wide variety of crops. Through automation and computer vision, Grover autonomously navigates the need of plants related to sunlight, nutrition, and water. In August 2021, Cargill, a US-based food and beverage manufacturing company, partnered with AeroFarms to improve cocoa bean yields by using more climate-resilient farming practices. With this partnership, these two firms will test various indoor growing technology such as aeroponics and hydroponics, light, carbon dioxide, irrigation, nutrition, plant space, and pruning to identify the best growth environment for cocoa trees. Aerofarms is a US-based farming company specialized in agriculture, aeroponics, hydroponics, leafy greens, clean technology, sustainable, vertical farming, and circular economy. Western Europe was the largest region in the hydroponics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydroponics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydroponics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The hydroponics market includes revenues earned by entities by wick systems, water culture systems, drip systems, and aeroponic systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydroponics market research report is one of a series of new reports from The Business Research Company that provides hydroponics market statistics, including hydroponics industry global market size, regional shares, competitors with a hydroponics market share, detailed hydroponics market segments, market trends and opportunities, and any further data you may need to thrive in the hydroponics industry. This hydroponics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.