Smart Irrigation Market is projected to witness growth at a CAGR of 14.5% during the forecast period
The global smart irrigation market is
projected to witness growth at a compounded annual growth rate (CAGR) of 14.5%
during the forecast period of 2022-2030.
Smart irrigation systems automate the entire irrigation
system while monitoring the weather, soil, water, and land conditions as well
as plant water usage to adapt the watering schedule. These systems make use of
a variety of cutting-edge tools and parts, such as controls, sensors, and
meters. Smart irrigation is a crucial part of precision agriculture since it is
economical, effective, and data-driven. These systems help to reduce water
waste and maintain plant health and quality and are commonly utilised in the
agricultural, golf course, and residential sectors.
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Growth Drivers
Moreover, due to overwatering and other operational
inefficiencies, standard irrigation systems in use today waste about 50% of the
water that is used. This has led to the expansion of modern agriculture and the
use of smart irrigation in non-agricultural applications, such as residential,
golf courses, and other industries. Over the forecast period of 2022–2030, the
popularity of smart irrigation has seen great rise in recent years, which is
anticipated to support the growth of the market for smart irrigation as a
whole.
Furthermore, the market's players have a lot of room to
grow thanks to the increasing number of technological developments in smart irrigation
systems. Some recent market developments include the integration of smartphones
with irrigation controllers and software applications, the growth of wireless
sensor-integrated irrigation sprinkler and dripping systems, and intelligent
control and automation services that help reduce human intervention and
effectively manage water run-time.
The increasing emphasis on using information and
communication (ICT) technologies to improve day-to-day operational performance
and the quality of life in urban areas, the declining cost of sensors &
controllers used in smart irrigation systems, and the surge in demand for 5G
network for remote monitoring are expected to contribute to these and other
trends.
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Smart Irrigation Market Segmentation
By Component:
· Controllers
·
(Evapotranspiration)
ET-Based
·
Soil
Sensor-Based
· Sensors
·
Soil
Moisture Sensors
·
Temperature
Sensors
·
Rain/Freeze
Sensors
·
Fertigation
Sensors
·
Others
· Water
Flow Meters
· Others
·
Gateways
·
Routers
·
Wireless
Communication Equipment
By System Type:
· Weather-based
· Sensor-based
By Application:
· Agricultural
·
Greenhouses
·
Open-fields
· Non-Agricultural
·
Residential
·
Turf
& Landscape
·
Golf
Courses
·
Others
By Region:
· North
America
· Europe
· Asia
Pacific
· Latin
America
· Middle
East and Africa
Key Companies in Smart Irrigation Market
·
Netafim
·
HydroPoint
·
Rain Bird Corporation
·
The Toro Company
·
Hunter Industries
·
Manna Irrigation
·
Stevens Water Monitoring Systems
·
Galcon
·
Rachio
·
Weathermatic
·
Other Players
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