Smart Irrigation Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the smart irrigation market was valued at USD 1.54 billion in 2022, and a CAGR of 14.1% is expected during the forecast period. Increasing awareness about better crop yields by using innovative agricultural methods is driving growth in the market significantly. Increasing demand for precision agriculture is driving growth in the market significantly. Increasing demand for such systems, which efficiently work as irrigation means in the agricultural, residential, and golf sectors, is driving growth in the market significantly. Efficiency is the thing that is required in almost every endeavor in the world.

Technological advancement and an increase in government initiatives and policies to promote water conservation and farming are driving significant growth in the market. The rise in penetration of automated monitoring systems in agricultural practices is driving demand in the smart irrigation market. With a growing population, fulfilling the demand for better crop yield is a time-consuming task. Smart agricultural methods are driving the growth of the market significantly. A surge in demand for 5G networks for remote monitoring and a rise in advanced features in irrigation systems are driving significant growth in the market. Adoption of smart agricultural methods has increased crop yield.

Growth Drivers

Increasing water scarcity, increasing demand for precision agriculture techniques, advancements in IoT technologies, and the need for efficient water management in agriculture are driving growth in the market. Government initiatives promoting smart agricultural practices are driving growth in the smart irrigation market. Increasing awareness among the farmers of minimum water wastage and better crop yield is driving growth in the market significantly. Active government initiatives include promoting subsidies and rebates to enhance the adoption of smart irrigation markets. Increasing demand for low-cost sensors for monitoring is driving growth in the market significantly.

Government initiatives to promote smart agricultural practices are driving growth in the smart irrigation system market. The integration of smart phones with wireless integration controllers is driving significant growth in the market. Continuously lowering the cost of sensors is also a key reason behind significant growth in the market. The increasing population worldwide and the rising adoption of smart agricultural methods are driving the demand for better crop yields. An increase in government initiatives and a surge in demand for better crop yield are driving significant growth in the market. The rise in penetration of automation in the farming sector is driving growth in the market significantly.

Segmentation

By Components

·         Controllers

·         Sensors

·         Others

By System Type

·         Weather Based

·         Sensors Based

By Applications

·         Agricultural

·         Residential

·         Open-fields

·         Non-Agricultural

·         Golf Courses

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Smart Irrigations System Market by Component Segmentation

On the basis of the components, the smart irrigation system market is segmented into controllers, sensors, and others. Sensors are the leading segment and are expected to dominate the market during the forecast period. Sensor-based controllers capture data because they don’t depend on weather forecasts, and finally, they result in better crop yield, which drives the growth of the market significantly.

Smart Irrigations System Market by Application Segmentation

On the basis of application, the smart irrigation market is segmented into agricultural, residential, open-fields, nonagricultural, golf courses, and others. Agriculture is the leading segment in the smart irrigation market and is expected to dominate during the forecast period. In order to increase crop yield in an efficient manner, agriculturists and farmers are opting for smart irrigation technologies and playing a key role in optimizing water resources. To ensure a high crop yield, better crop quality, and efficient water usage, this is driving significant growth in the market.

The increasing adoption of smart irrigation methods has resulted in better crop yields. Residential is also a leading segment during the forecast period due to high demand for food due to the rapidly growing population and indoor farming due to changing consumer preferences. Open fields and golf courses are also in need of smart irrigation due to increasing incidences of water scarcity around the world. Rising adoption of modern agricultural practices is driving market growth significantly.

Regional Outlook

On the basis of the regions, the smart irrigation system market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Asia Pacific is the leading segment and is expected to dominate the market during the forecast period due to the large population occupied by agricultural practices, which face significant challenges related to water scarcity and the need for efficient irrigation techniques. Rapid urbanization and industrialization in countries like India and China have heightened the demand for smart irrigation techniques to manage water resources more efficiently.

Government initiatives promoting the adoption of smart agricultural practices and advancements in technology are further driving the growth of smart irrigation methods. Rising disposable income in the region is another factor that is driving innovation in agriculture and increasing the growth of the smart irrigation market. North America, due to the advancement in technologies and innovative agricultural methods, is driving the market significantly. The region is facing water scarcity big time, and it is prompting a greater need for efficient water management solutions. It has an advanced technology infrastructure and widespread adoption of IoT devices.

Government initiatives and incentives for water conservation are driving growth in the market significantly. The United States of America is a hub of technology, and increasing demand for smart irrigation in the region is driving growth in the agricultural market. The Middle East, Africa, and Latin America are witnessing moderate growth during the forecast period due to a lack of resources. Water scarcity is the biggest issue in the region. Increasing demand for the adoption of new and innovative agricultural methods is driving growth in the market significantly. Increasing demand for better and more efficient crop yields is driving growth in the market. The rising adoption of modern and smart agricultural practices is driving growth in the market significantly.

Key Players

·         Netafim

·         Manna Irrigation

·         Galcon

·         Jain Irrigation Systems

·         Delta-T Services

·         Soil – Scout

·         Caipos

·         Rain Bird Corporation

·         The Toro Company

·         Hunter Industries

·         Hydro Point

·         Stevens Water Monitoring Systems

·         WeatherMatic

·         Banyan Water

·         Valley Irrigation

·         Orbit Irrigation Products

·         Other Players