Smart Irrigation Market Size is estimated to grow at a CAGR of 14.5% during the forecast period

 

During the forecast period of 2022–2030, the global smart irrigation market is anticipated to expand at a compound annual growth rate (CAGR) of 14.5%.

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 utilized in the agricultural, golf course, and residential sectors.

 

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Growth Drivers

Additionally, 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. During 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.

But during the forecast period, elements like the need for a high initial investment and maintenance costs, farmers' lack of technical expertise, and worries about security breaches in smart irrigation systems are anticipated to restrain the growth of the global smart irrigation market to some extent.

Smart Irrigation Market Segmentation

By Component:

·         Controllers

o    (Evapotranspiration) ET-Based

o    Soil Sensor-Based

·         Sensors

o    Soil Moisture Sensors

o    Temperature Sensors

o    Rain/Freeze Sensors

o    Fertigation Sensors

o    Others

·         Water Flow Meters

·         Others

o    Gateways

o    Routers

o    Wireless Communication Equipment

 

By System Type:

·         Weather-based

·         Sensor-based

 

By Application:

·         Agricultural

o    Greenhouses

o    Open-fields

·         Non-Agricultural

o    Residential

o    Turf & Landscape

o    Golf Courses

o    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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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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