PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570555
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570555
The Global Automated Irrigation Systems Market, in 2023, was valued at USD 4.2 billion with projections indicating a CAGR of over 17% from 2024 to 2032. The growth is primarily driven by the rising demand for food and the need for heightened agricultural productivity to support a burgeoning global population.
Technological advancements, particularly in IoT, sensors, and cloud-based platforms, are reshaping automated irrigation systems. With IoT, farmers gain real-time oversight and control of their irrigation, leading to optimized water use and heightened efficiency. Sophisticated sensors deliver accurate data on soil moisture, weather, and crop requirements, ensuring timely irrigation. Cloud platforms further enhance this by allowing remote management and data analytics, empowering farmers to make informed decisions and boost productivity. These technologies also enable predictive maintenance and seamless integration with other smart farming solutions, underscoring their appeal and driving market growth. In June 2024, TECH-INNOV made strides in Niger, unveiling its "Wahaless Smart Farming" initiative. This advanced system, featuring the Tele-Irrigation 2.0 tool, emphasizes optimized water usage.
The automated irrigation systems industry is classified into automation type, component, irrigation, application, and region.
The market categorizes automation types into time-based, volume-based, real-time feedback, and computer-based control. In 2023, time-based systems held a dominant market share of over 34%, with projections surpassing USD 5.9 billion by 2032. This dominance stems from their simplicity, cost-effectiveness, and user-friendliness. Operating on pre-set schedules, these systems cater to a diverse audience, spanning from small residential users to expansive agricultural fields.
The market segments applications into agricultural fields, greenhouses, residential, commercial, golf courses, and more. In 2023, agricultural fields commanded approximately 43% of the market share. This dominance is attributed to the pressing need for efficient water management in extensive farming. Automated systems not only optimize water use but also bolster crop yields and curtail wastage. Furthermore, global food demand, water scarcity challenges, and a push towards sustainable farming will amplify the segment growth.
In 2023, North America automated irrigation systems market held a significant share of over 36%, with forecasts suggesting it will exceed USD 6.2 billion by 2032. The region's emphasis on advanced agricultural practices has fostered both water conservation awareness and technological innovations. The U.S. stands at the forefront, buoyed by hefty investments in agricultural technology and governmental backing for sustainable practices. The nation's commitment to curbing water waste and amplifying crop productivity also serves as a catalyst for market expansion.