Global Smart Irrigation Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
The Smart Irrigation Market report has been segmented on the basis of components, system type, application, and region.
Global Smart Irrigation Market: Overview
“The Smart Irrigation Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Irrigation is an agricultural process to control the amount of water supplied to farms or plants at regular intervals of time. Smart irrigation offers efficient and timely management of various types of irrigation systems including surface, sprinkler, drip, center pivot, and manual to save time and water resources.
Global Smart Irrigation Market: Dynamics
The emergence of technologies such as big data, the Internet of things (IoT), and many others is a key factor expected to drive the growth of the global smart irrigation market, Ability of smart irrigation systems to adjust according to watering schedules, coupled with weather-based smart irrigation controllers and soil moisture sensors and smart irrigation controllers which offers benefits such as signal-based controllers, historic evapotranspiration controllers, on-site weather measurement controllers, suspended cycle irrigation systems, and water on-demand irrigation.
These are major factors projected to fuel the growth of the potential market.
Increasing technological convergence for multiple communication control functionalities in the agriculture sector is expected to proliferate the growth of the global smart irrigation market.
This can be attributed to the ability of smart technology to optimize water levels based on weather predictions and soil moisture.
Moreover, increasing government initiatives and awareness programs regarding water conservation in emerging countries, increasing development of smart cities in developed countries, and the growing need for efficient irrigation systems are key factors expected to fuel the adoption of smart irrigation controllers, which in turn expected to support the growth of the global smart irrigation market.
However, the high cost and difficulty in fragmented land associated with the implementation of Smart Irrigation Technologies, coupled with a lack of awareness and technical knowledge regarding smart irrigation systems among farmers are major factors expected to hamper the growth of the global market.
Global Smart Irrigation Market: Trends and Opportunities
The key trend observed in the global smart irrigation market for smart irrigation is the high adoption of various sensors such as wireless moisture sensors for smart irrigation control and growing smart city initiatives among developed and developing countries across the globe.
The emergence of communication technologies and increasing integration of these systems with smartphones for irrigation functionalities control with software applications are key factors expected to create significant revenue opportunities for players in the global market.
Global Smart Irrigation Market: Regional Analysis
Among the regions, the North American market is expected to account for the highest CARG and hold its dominance over the forecasted period.
This is primarily attributed due to the high adoption of smart irrigation technologies and systems, coupled with the adoption and availability of advanced irrigation devices and systems such as controllers, smart water flow meters, and sensors in the countries in North America.
Moreover, the market in the Asia Pacific is expected to register significant growth followed by the market in Europe.
The Middle East & Africa and Latin America are expected to register lucrative growth in the global market, owing to rising awareness and increasing government initiatives for water conservation in countries in these regions.
Global Smart Irrigation Market Segmentation:
Segmentation by Component:
- Water Flow Meters
- Others (Sprinkler Nozzles, etc.)
Segmentation by System Type:
- Sensor-Based Controller Systems
- Weather-Based Controller Systems
Segmentation by Application:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Galcon Ltd
- Rachio, Inc.
- Netafim Ltd
- Banyan Water, Inc.
- The Toro Company
- Rain Bird Corporation
- HydroPoint Data Systems, Inc.
- Hunter Industries Incorporated
- Telsco Industries, Inc. (Weathermatic)
- Stevens Water Monitoring Systems, Inc.
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