PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1498343
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1498343
The smart irrigation market is projected to reach USD 3.0 billion by 2029 from USD 1.8 billion in 2024, at a CAGR of 11.2% from 2024 to 2029. The major factors driving the growth of smart irrigation market include the increasing number of sensor nodes and increasing implementation of government initiatives towards water conservation. Moreover, continuous technological advancements in smart irrigation systems is expected to provide several growth opportunities for market players in the smart irrigation market.
Scope of the Report | |
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Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Billion) |
Segments | By Component, System type, Applications, and Region |
Regions covered | North America, Europe, APAC, RoW |
"Controllers is expected to witness the largest market size in the smart irrigation market during the forecast period."
The smart irrigation market for controllers is expected to hold the largest market size due to the increasing adoption of this technology for irrigation scheduling in agriculture, residential and commercial properties, lawns, gardens, and landscaping. Smart controllers utilize weather and sensor data to automatically adjust irrigation schedules based on environmental changes such as temperature, humidity, and soil moisture. They offer features like multiple programs for different plant watering needs, rain delay settings, sensor input terminals for rain/freeze and soil moisture, and remote operation.
"Sensor-based controller system type is expected to witness the highest CAGR during the forecast period."
The smart irrigation market for sensor-based controller system type is expected to witness the highest CAGR during the forecast period. This growth is driven by the increasing adoption of sensor-based controller systems in agricultural irrigation to save water and boost crop yield. Sensor-based controller systems can interpret precise data from various sensors, such as temperature, soil moisture, rain, and humidity sensors installed in the field. They are preferred over weather-based systems because they do not rely on weather forecasts or data from weather stations but capture real-time data from field-mounted sensors and transfer it to the cloud. Sensor-based smart irrigation controllers are pre-programmed according to the soil moisture level, initiating irrigation as soon as the moisture reading falls below the threshold. These controller systems are more effective than weather-based systems as they can respond to specific zone irrigation requirements based on actual soil moisture levels.
"Europe is expected to have the second-largest market size during the forecast period."
Europe is expected to have the second-largest market size during the forecast period. This is attributed to its extensive cultivated and irrigated land areas. Various European governments have launched initiatives to promote the adoption of smart irrigation, such as the European Irrigation Association (EIA) and the Flexible and Precise Irrigation Platform to Improve Farm Scale Water Productivity (FIGARO). Key drivers for the smart irrigation market in this region include rising farming operation costs, increased government initiatives to promote water conservation, and the growing importance of automated irrigation solutions to boost farm profitability.
The break-up of profile of primary participants in the smart irrigation market-
The major players of the smart irrigation market are The Toro Company. (US), Rain Bird Corporation. (US), Netafim (Israel), HUNTER INDUSTRIES INC. (US), and HydroPoint (US) among others.
Research Coverage
The report segments the smart irrigation market and forecasts its size based on systems type, component, application, and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall smart irrigation market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.