Smart Irrigation Market Size
The global smart irrigation market size was valued at $1.75 billion in 2024 and is projected to reach $3.34 billion by 2030, growing at a CAGR of 11.4% during the forecast period.
Smart Irrigation Market Overview
Smart irrigation refers to the application of advanced technology and data-driven approaches to optimize water usage in agricultural and landscaping practices. By integrating sensors, weather data, soil moisture measurements, and real-time monitoring systems, smart irrigation systems can precisely adjust watering schedules and amounts based on specific environmental conditions and plant needs. This technology aims to improve water efficiency, reduce water waste, and enhance crop or landscape health by ensuring that water is applied only when and where it is needed most. Smart irrigation not only conserves water resources but also contributes to sustainable agricultural practices and efficient management of urban landscapes, aligning with efforts to mitigate water scarcity challenges globally.
Smart Irrigation Market Dynamics
• The smart irrigation market is expected to witness significant growth in the future due to increasing global water scarcity and the need for efficient water management, growing adoption of precision agriculture techniques, and government initiatives and regulations promoting sustainable agriculture practices.
• Additionally, the advancements in sensor technologies and IoT in agriculture, rising demand for higher crop yield and improved farm productivity, and emerging markets and untapped regions with increasing agricultural activities are the prominent factors driving the growth of the market.
• However, the High initial investment costs, lack of awareness and technical expertise among farmers, and reliability concerns related to sensor accuracy and system integration are restraining the market growth.
• On the contrary, the integration of AI and machine learning for more advanced irrigation management, collaborations and partnerships between technology providers and agriculture stakeholders, and development of cost-effective and scalable smart irrigation solutions are creating opportunities for market growth.
By Application, the Agricultural Segment Constitutes Immense Share with Smart Irrigation Market
The agricultural segment holds a significant share within the smart irrigation market owing to the imperative need for efficient water management practices. Agriculture stands as one of the largest consumers of freshwater globally, making the optimization of irrigation methods crucial for sustainable farming. Smart Irrigation technologies enable farmers to exert precise control over water usage by integrating real-time data on soil moisture, weather forecasts, and crop water requirements. This data-driven approach helps minimize water wastage, improve crop yield, and reduce operational costs associated with irrigation. Moreover, as climate change exacerbates and water resources become scarcer, the adoption of Smart Irrigation systems becomes increasingly vital to mitigate risks and ensure long-term agricultural productivity.
By Geography, North America is Projected to Show Strong Presence in the Smart Irrigation Market
North America is anticipated to show a robust presence during the forecast period due to the region’s significant water scarcity issues, especially in areas prone to droughts and water restrictions. Smart Irrigation technology offers precise water management, ensuring optimal irrigation schedules based on real-time data, weather forecasts, and soil conditions. This efficiency not only conserves water but also reduces operational costs for farmers and homeowners alike. Moreover, growing environmental awareness and regulatory pressures encourage the adoption of sustainable practices, making Smart Irrigation systems increasingly attractive. The ability to monitor and control irrigation remotely via mobile apps further enhances convenience and operational efficiency, contributing to the market's rapid growth in the North American region.
Key Target Audience:
• Farmers and Agricultural Landowners.
• Agricultural Technology Companies and Solution Providers.
• Government Agencies and Policymakers.
• Irrigation equipment manufacturers and suppliers.
• Water management authorities and utilities.
List of the Key Players Profiled in the Report Includes:
• The Toro Company.
• Rain Bird Corporation.
• Netafim
• HUNTER INDUSTRIES INC
• HydroPoint
• Manna Irrigation Ltd.
• Stevens Water Monitoring Systems Inc.
• Galcon
• Rachio inc.
• Weathermatic
• Irrigreen
• Banyan Water, Inc.
Recent Developments:
• In February 2024, HydroPoint introduced HydroPoint 360, an advanced enterprise water solution featuring data analytics, predictive waste management, and tailored industry-specific strategies. This innovative offering is currently in limited release, selectively available to qualified companies with nationwide multi-location operations.
• In November 2023, HUNTER INDUSTRIES INC. introduced the HYDRAWISE APP, a software for irrigation management that provides improved control and clarity to support landscape health with minimal effort.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Component:
• Controllers
• ET-Based
• Fertigation Sensors
• Rain/Freeze Sensors
• Soil Moisture Sensors
• Soil Sensor-Based
• Temperature Sensors
• Water Flow Meters
• Other Components
Market by, System Type:
• Sensor-based Systems
• Weather-based Systems
Market by, Application:
• Agricultural
• Golf Courses
• Greenhouses
• Non-Agricultural
• Open-fields
• Residential
• Turf & Landscape
• Other Applications
Market by, Geography:
The smart irrigation market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis
Scope of the Report:
The report “Global Smart Irrigation Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.
The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.
Table Of Content
1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Data Analysis
3.3 Verification
3.4 Data Sources
3.5 Assumptions
4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Smart Irrigation Market by, Component
6.1 Overview
6.2 Controllers
6.3 ET-Based
6.4 Fertigation Sensors
6.5 Rain/Freeze Sensors
6.6 Soil Moisture Sensors
6.7 Soil Sensor-Based
6.8 Temperature Sensors
6.9 Water Flow Meters
6.10 Other Components
7 Global Smart Irrigation Market by, System Type
7.1 Overview
7.2 Sensor-based Systems
7.3 Weather-based Systems
8 Global Smart Irrigation Market by, Application
8.1 Overview
8.2 Agricultural
8.3 Golf Courses
8.4 Greenhouses
8.5 Non-Agricultural
8.6 Open-fields
8.7 Residential
8.8 Turf & Landscape
8.9 Other Applications
9 Global Smart Irrigation Market by, Geography
9.1 Overview
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Australia
9.4.6 New Zealand
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 Qatar
9.6.4 Iran
9.6.5 South Africa
9.6.6 Rest of Middle East & Africa
10 Key Developments
11 Company Profiling
11.1 The Toro Company.
11.1.1 Business Overview
11.1.2 Product/Service Offering
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Activities
11.2 Rain Bird Corporation.
11.3 Netafim
11.4 HUNTER INDUSTRIES INC
11.5 HydroPoint
11.6 Manna Irrigation Ltd.
11.7 Stevens Water Monitoring Systems Inc.
11.8 Galcon
11.9 Rachio inc.
11.10 Weathermatic
11.11 Irrigreen
11.12 Banyan Water, Inc.
Report Details
SKU Code | : DI2453 |
Industry | : Electronics & Semiconductor |
Region | : Global |
Tables | : 138 |
Format | : Electronic PDF |
Published | : 2024 |
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