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Smart Irrigation Market: By Type (Climate-Based, Sensor-Based), By Component (Controllers, Sensors, Meters), By End Use (Agriculture, Golf Course, Residential), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
[170+ Pages Research Reports] Smart Irrigation Market to surpass USD 6.6 billion by 2032 from USD 1.42 billion in 2021 at a CAGR of 15.0% throughout the forecast period 2022-32
Smart irrigation is a technique that enables precise management of a large farm's water requirements, ultimately saving both water and money. This implies that irrigation is tailored to the specific region being watered, hence maximizing agricultural or plant development and conserving water. The availability of a smart irrigation controller makes it easiest to define smart irrigation. These devices monitor the soil moisture or local weather conditions and alter their watering schedules by those measurements and other user-inputted requirements. The attractive features of these systems include flexible watering or sprinkling schedules. Also, farmers can assure that their crops always hold the ideal moisture level thanks to the improved system accuracy.
Smart Irrigation to surpass USD 6.6 billion by 2032 from USD 1.42 billion in 2021 at a CAGR of 15.0% in the coming years, i.e., 2022-32. Some of the key factors propelling the Smart Irrigation Market include the availability of cutting-edge features in irrigation systems, an increase in government initiatives and policies to promote water conservation & farming, and an increase in the penetration of automated monitoring systems in the farming industry. The growing deployment of loT devices and smart irrigation controllers by farmers and producers are other important factors driving the global Smart Irrigation Market.
Figure - Market Analysis of Smart Irrigation Market
Smart Irrigation Market is categorized on the basis of Type into Climate-Based and Sensor-Based. The sensor-based segment is expected to witness the highest growth rate during the forecast period. Sensor-based systems assess variables including humidity, soil moisture level, pH level and temperature using on-site sensors, such as rain sensors or soil moisture sensors. This data is further used to decide if a field or landscape needs irrigation and modify irrigation schedules accordingly.
Smart Irrigation Market is categorized on the basis of Application into Agriculture, Golf Course, Residential, and Others. The Agriculture segment is projected to lead the market among others. In order to fulfil future food demand and keep prices from rising, modern agriculture production must expand. For open-field applications, smart irrigation technology has advantages, such as improved crop quality, high crop yield, and effective water use. The efficient use of irrigation water in open-field crop production requires an accurate prediction of crop water needs.
Figure - Market Analysis of Smart Irrigation Market
Increasing Number of Government Initiatives to Encourage Water Conservation
One major element driving the use of smart irrigation controllers is the growing number of smart cities and the rising demand for effective irrigation systems. Other factors driving the growth of the Smart Irrigation Market include the increasing number of government initiatives to encourage water conservation, the increasing use of smartphones, rapid technological advancements, growing economies, the rise of smart cities, and the growing demand for effective irrigation systems.
Growing Use of 5G for Effective and Efficient Irrigation
The use of 5G in the agricultural industry has the ability to advance all aspects of the value chain, from precision farming to smart irrigation; improve soil and crop monitoring; and enhance animal management. As a result, farmers can use 5G technology to implement irrigation more effectively and efficiently. They can make use of buried soil probes that can be easily connected via 5G connectivity. These tools may also record information about moisture content, soil characteristics, and salinity, which gives farmers knowledge about the health of their crops. Players in the smart irrigation market have a number of opportunities as a result of these reasons.
High Technological Cost and Limited Skills and Knowledge among Farmers
The adoption of these technologies, particularly by small farmers, increases the budget restrictions due to the expensive installation price. Farmers also have insufficient technical knowledge and abilities. Due to end users' lack of technical expertise and necessary abilities, farmers also struggle to manage and operate the smart irrigation systems.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Smart Irrigation Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America currently holds a dominant position in the global Smart Irrigation Market owing to the widespread use of modern irrigation systems and devices including controllers, smart water flow meters, and sensors, as well as the expanding popularity of smart irrigation technologies and systems.
Asia-Pacific is anticipated to dominate the Smart Irrigation Market due to growing government initiatives and expanding awareness of the need for water conservation in this region. Due to the region's increasing technical improvements in the irrigation industry, Europe is also anticipated to experience growth in the smart irrigation market.
The agricultural sector was barely impacted by the COVID-19 pandemic. A number of field operations may be automated as a result of farmers' growing awareness of the benefits of using sensors and technologies, such as weather, soil moisture, temperature, and fertigation, for farming operations.
REPORT ATTRIBUTE |
DETAILS |
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Market Size Value in 2021 |
USD 1.42 billion |
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Revenue Forecast in 2032 |
USD 6.6 billion |
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Growth Rate |
CAGR of 15.0% from 2022 to 2032 |
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Base Year for Estimation |
2021 |
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Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments Covered |
Type, Component, End Use, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key Companies Profiled |
The Toro Company, Netafim, Hunter Industries, Rain Bird Corporation, Hydropoint, Rachio, Manna Irrigation, Soil Scout, Galcon, Weathermatic, Caipos, Stevens Water Monitoring, Delta-T Devices, Calsense, Skydrop, and Other Prominent Players. |
The Smart Irrigation Market size was estimated at USD 1.42 billion in 2021 and is expected to reach USD 6.6 billion in 2032.
Smart irrigation is a technique that enables precise management of a large farm's water requirements, ultimately saving both water and money
The Sensor-Based and Agriculture segments accounted for the larger share of the Smart Irrigation Market.
Key players in the Smart Irrigation Market are The Toro Company, Netafim, Hunter Industries, Rain Bird Corporation, Hydropoint, Rachio, Manna Irrigation, Soil Scout, Galcon, Weathermatic, Caipos, Stevens Water Monitoring, Delta-T Devices, Calsense, Skydrop, and Other Prominent Players.
The key factors propelling the Smart Irrigation Market include the availability of cutting-edge features in irrigation systems, an increase in government initiatives and policies to promote water conservation & farming, and an increase in the penetration of automated monitoring systems in the farming industry.
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