Press Release

Solar Agriculture Sprayer Market To Grow With an Impressive CAGR During The Forecast Period

Global Solar Agriculture Sprayer Market is driven by increasing demand for effective agriculture machinery and tools in the forecast period, 2023-2027.

According to TechSci Research report, Solar Agriculture Sprayer Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”, The global solar agriculture sprayer market may show a robust growth in the forecast years, 2023-2027 with an anticipated CAGR value. The market growth can be attributed to the factors like increasing demands for efficient and advanced agriculture tools and machineries. Surge in the demand for higher yielding crops and maximize the output of each crop field by utilization of insecticides, pesticides, and fertilizers is driving the growth of the global solar agriculture sprayer market in the upcoming five years. Also, increasing demands for the effective tools to spray such Agro-chemicals and apply the intended advantages of the utilization of Agro-chemicals is further anticipated to support the growth of the global solar agriculture sprayer market in the next five years. Moreover, increasing research and technological advancement in the agricultural machinery, along with efforts of multiple market players to launch innovative products as per farmer’s demands, are also anticipated to substantiate the growth of the global solar agriculture sprayer market in the future five years.

Governments are supporting the growing agriculture industry, with favorable schemes, financial assistance to the farmers, and research institutes dedicated toward agricultural advancement along with private funding is aiding market growth. Increased usage of agricultural chemicals and their effective use also influences future growth of the market.

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The global solar agriculture sprayer market segmentation is based on tank capacity, application, distribution channel, regional distribution, and competitive landscape. Based on tank capacity, the market is differentiated among Up to 10 liters, 11-20 liters, above 20 liters. Up to 10 liters tank capacity is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of easier handle of the sprayer. Addition of photovoltaic cells to the sprayer add to the weightage of the whole tool, and carrying it becomes difficult. Moreover, creating pressure for the 10 liter tank capacity is much more feasible as compared to other types, and thus aids the growth of the subsegment and growth of the global solar agriculture sprayer market in the next five years.

On the basis of application, the market is further bifurcated into field sprayers, orchard sprayers, and gardening sprayers. Field sprayers are anticipated to hold the largest revenue shares of the market and dominate the market segment in the next five years on the account of increasing requirements for the crop fields. Depending on the size of the fields, the demand for application of Agro-chemicals increases and thus aids to the growth of the market in the next five years. Market segmentation on the basis of distribution channel, is defined into online and offline channels. Offline channels are anticipated to hold the largest revenue shares of the market as farmers, and traditional workers usually make their purchases through offline channels.

Some of the market players, dominating the global market are :

  • Agro Tec Corporation
  • RSR Retail Private Limited
  • Taizhou City Jiaojiang Jiangnan Agriculture Machinery Factory
  • Deere and Company
  • Hardi International A / S
  • Buhler Industries Inc.
  • Demco, Inc.
  • Reddick Equipment Co

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“Asia Pacific region is anticipated to hold the largest revenue shares of the market due to major economies of the region like China, India, etc. being majorly dependent on agricultural sector for their economic growth. Advancing agricultural fields, growing research and product development for the betterment of the agricultural practices in the countries are anticipated to support the growth of the market in the upcoming five years. Inclusion of high-tech machinery in the crops fields, government support toward growing agriculture industry also substantiates market growth. Agricultural sprayer manufacturers in the region may benefit from favorable government policies that prompt the shift from traditional, labor-intensive farming practices to a more mechanized approach. Recent trends of the market see rising sales of driverless sprayers, growing use of air-assisted sprayers, and increasing sales of fuel-operated agricultural sprayers in the region. Growing number of market players, and rapidly increasing instances of new market players entering the market may also further aid the growth of the global solar agriculture sprayer market in the next five years. For the future market recommendations, new market players may invest in technological developments, advancing the product models. Merger and acquisitions with the global giants may also support the future brand establishments,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Solar Agriculture Sprayer Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Tank Capacity (Up to 10litres, 11-20 liters, above 20 liters), By Application (Field Sprayers, Orchard Sprayers, Gardening Sprayers), By Distribution Channel (Online v/s Offline), By Region”, has evaluated the future growth potential of global solar agriculture sprayer and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global solar agriculture sprayer market.

 

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