Market Research Future (MRFR) has published on the “Global Smart Irrigation Market”.
The global Smart Irrigation market is consistently growing due to the Increasing advancements in Smart Irrigation and government support driving market growth across globe and technological advancement within the Irrigation industry.
The Smart Irrigation market is estimated to register a CAGR of 14.3% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Smart Irrigation market - The Toro Company, Netafim, Hunter Industries, Rain Bird Corporation, HydroPoint, Rachio, Banyan Water, RainMachine - Green Electronics LLC, ET Water (Jain Irrigation, Inc.), Galcon, Weathermatic, Skydrop, Delta-T Devices, The Scotts Miracle-Gro.
Smart Irrigation Market Highlights
The global Smart Irrigation market is projected to register a compounded annual growth rate (CAGR) of 14.3% over the forecast period while its total market size will stand at an estimated value of USD 4,984 .2 million by 2032.
The way irrigation systems operate has been revolutionized by IoT. Various devices and sensors can now connect with one another through the Internet of Things (IoT) technology, facilitating real-time monitoring and control over the irrigation process. For example, through IoT-enabled smart irrigation systems, farmers and landowners can remotely monitor soil moisture levels, weather conditions and even plant health hence adjusting their irrigation schedules depending on these parameters. Such precision and automation greatly save water, improves productivity as well as reduces operational costs.
In addition to that, in agriculture sector, IoT acts as an enabler for data-driven decision-making through the collection of large volumes from sensors and other sources to do big data analysis. Therefore that information makes it possible to optimize irrigation strategies, estimate crop water needs or identify areas that can improve overall water management. Apart from that another aspect driving smart irrigation market is coexistence of several control functions within modern-day irrigation systems which make use of different aspects like soil moisture sensing, weather forecasts, automated valves and remote monitoring.
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Segment Analysis
The global Smart Irrigation market has been segmented based on Component ,System Type and Application.
Based on Component Type ,the Global Smart Irrigations market, in this report, has been segmented into controllers, sensors, water flow meters, and others. Controllers Segment held the largest market share of 40.8 % among all. Smart irrigation controllers automatically tailor watering schedules and run times to match individual landscape needs. These controllers are a tried-and-true method of increasing outdoor water efficiency. Smart irrigation controllers monitor the weather, soil conditions, evaporation, and plant water use to automatically modify the watering schedule to the actual conditions of the site, unlike standard irrigation controllers that function on a preset programmed schedule and timers.
Based on the System Type, the Global Smart Irrigations market, in this report, has been segmented into weather-based controller systems and sensor-based controller systems. The weather-based controller systems accounted for the highest market share in 2023. Climate-based controllers, also known as evapotranspiration (ET) controllers, employ local meteorological data to change irrigation schedules. Climate-based controllers use local weather information to modify irrigation run-time, ensuring the landscape receives adequate water. Furthermore, there are Signal-based Controllers, Historic ET Controllers and On-site Weather Measurement Controllers
Based on Application ,The Global Smart Irrigations market, in this report, has been segmented into Agricultural and Non agricultural. Non agricultural accounted for the highest market share in 2023. Non agricultural further is segmented into residential, turf and landscape, golf courses, and others. A smart irrigation system allows residential users to set a timer that turns lawn sprinklers on and off automatically. Smart Irrigation systems help turf owners and Golf course associations schedule the watering and soil moisture content check to keep the ground in check for the players to play and save the water from getting wasted. Other applications of smart irrigation systems include monitoring and irrigating pasture land, school or university campuses, industrial structures, sports grounds, and forestry to ensure that water use is kept at an ideal level.
Regional Analysis
The study focuses on North America, Europe, Asia, the Middle East and Africa markets . In 2023, North America had the biggest market share. The smart irrigation market in North America has experienced a significant growth driven by government initiatives, technological advancement and the need for sustainable agricultural practices. Water consumption for agricultural applications had been an area of great concern; with the increasing pressure from population development and climatic variations on water resources.
Smart irrigation in Europe has been gaining traction due to the increasing need for efficient water management in agriculture. Farmers have been able to manage their water quantity better, save money and improve their yields because of sophisticated technologies like sensors, weather predictions, and data analysis. Various factors are responsible for this phenomenon including governmental policies and interventions; advancements in technology; as well as need accommodations towards sustainable farming practices.
The growing demand for effective irrigation systems in the Asia-Pacific region is driven by rapid urbanization and high water scarcity. The use of smart irrigation to optimize water resources has become an essential operation in contemporary fine farming all over Asia-Pacific regions.
Key Findings of the Study
- The global Smart Irrigation market is expected to reach USD 4,984.2 million by 2032, at a CAGR of 14.3% during the forecast period.
- Asia-Pacific region accounted for the fastest-growing global market, imperative factors, such as the rapid urbanization and increasing water scarcity, which has led to a growing demand for efficient irrigation systems. Smart irrigation is a water-efficient approach to managing water resources, and it has become a crucial aspect of modern agriculture in the region, making it the primary contributor to the market share.
- Based on Components, the Controllers segment was attributed to holding the largest market in 2023, with an approximate market share of 40.8%.
- The Toro Company, Netafim, Hunter Industries, Rain Bird Corporation, HydroPoint, Rachio, Banyan Water, RainMachine - Green Electronics LLC, ET Water (Jain Irrigation, Inc.), Galcon, Weathermatic, Skydrop, Delta-T Devices, The Scotts Miracle-Gro. are the key market players.
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Companies Covered | 15 |
Pages | 174 |
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